Voith sets standards in paper, energy, mobility and service markets. Founded on January 1, 1867, Voith has a current workforce of 43,000, sales of EUR 4.9 billion and 290 locations worldwide. It is one of the largest family-owned enterprises in Europe. Today, one third of the world's paper production is carried out on machines made by Voith Paper. More than 30 percent of the electric energy generated world-wide from hydro power is produced with turbines and generators from Voith Hydro. Voith Turbo drive components are found in industrial applications as well as in road and rail vehicles and in ships in all countries of the world. Voith Industrial Services is one of the leading suppliers of technical services.