Early Life
Udo Schütz was born on January 11, 1937, in Selters, Germany. Information regarding his early life and education is limited, but he later became a prominent figure in the business world, establishing himself as a self-made entrepreneur.
Rise to Success
Schütz founded Schütz-Werke in 1958, initially focusing on producing metal heating oil storage tanks. The company expanded into various sectors, including packaging, energy systems, and the aerospace industry. Schütz's innovative approach led to a significant breakthrough in the mid-1970s with the development of Intermediate Bulk Containers (IBCs), revolutionizing industrial packaging and setting new standards for quality, safety, and sustainability. Schütz-Werke has plants in the U.S., Brazil, Japan, China, and Indonesia, employing 7,000 people.
Key Business Strategies
A key strategy of Schütz has been a commitment to innovation, sustainability, and global expansion. The company focuses on developing and implementing better technical solutions. His company has a strong focus on circular economy principles, striving to make global packaging use more sustainable and providing a return and reconditioning program.
Philanthropy
Udo Schütz has given 25.5% of the company's shares to the family's charitable foundation, Else Schütz Stiftung. However, specific philanthropy amounts could not be found with a search.