Fritz Draexlmaier Net Worth is
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DrA?xlmaier Group is a German automotive component supplier possessing expertise in auto electric, interiors, plastics, toolmaking and logistics. Founded in 1958, the family run enterprise is nowadays one of the biggest component supplier within Germany, running 58 sites in 22 countries on 4 continents. The Headquarters of the DrA?xlmaier Group is based in Vilsbiburg, Lower Bavaria, Germany. The DrA?xlmaier Group has such renowned customers as BMW, Mercedes-Benz, Volkswagen, Audi, Porsche, Jaguar and Bugatti.

DrA?xlmaier Group was founded in May 1958 in Vilsbiburg, Germany by Lisa and Fritz DrA?xlmaier. Their first order is for 50,000 wire harnesses for the Goggomobil manufactured by Hans Glas GmbH. A short time later, another order followed for the interior (door panels, upholstery, instrument panels, rear deck). Soon the company gained foothold in the business, and in 1960 DrA?xlmaier installed its first facilities for high-frequency welding and thermoplastic vacuum molding for interior business. The company's product lineup expanded rapidly during its first six years. Plans for a new factory, already on the drawing board in 1962, become a reality in 1964 as the company opened its first 2,400 square-meter manufacturing facility. It began production of polyurethane foam components. In 1966 BMW became a new customer of DrA?xlmaier Group.
Ten years after its founding, the company had evolved internally as well. It opened its own tool and die shop and introduced its first EDP system. At first, the system was used only to process warehouse transactions but soon it is handling accounting as well. During the next 3 years the company kept on growing and expanding. Audi, Volkswagen and Mercedes Benz became new customers and the headquarters in Vilsbiburg was extended, opening a new building for manufacturing and administration. 1974 The cornerstone is laid for globalization as the first manufacturing facility in Tunisia opens its doors and two years later eve

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