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Combinat
Combine (russian: Комбинат) is a term for industrial business groups, conglomerates or trusts in the former socialist countries. Examples include VEB Kombinat Robotron, an electronics manufacturer, and IFA, a manufacturer of vehicles, both in East Germany, and the Erdenet copper combine in Mongolia. See also *Production association Production association (russian: Производственное объединение) was a form of the organization of industry in the Soviet Union. According to the ''Great Soviet Encyclopedia'', it is "a single specialized production and ec ... References External links Комбiнат at a dictionary of the Ukrainian language Production Association (combine) The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased. Combine (industry) The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased. Conglomerate companies ...
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Mongolia
Mongolia; Mongolian script: , , ; lit. "Mongol Nation" or "State of Mongolia" () is a landlocked country in East Asia, bordered by Russia to the north and China to the south. It covers an area of , with a population of just 3.3 million, making it the world's most sparsely populated sovereign nation. Mongolia is the world's largest landlocked country that does not border a closed sea, and much of its area is covered by grassy steppe, with mountains to the north and west and the Gobi Desert to the south. Ulaanbaatar, the capital and largest city, is home to roughly half of the country's population. The territory of modern-day Mongolia has been ruled by various nomadic empires, including the Xiongnu, the Xianbei, the Rouran, the First Turkic Khaganate, and others. In 1206, Genghis Khan founded the Mongol Empire, which became the largest contiguous land empire in history. His grandson Kublai Khan conquered China proper and established the Yuan dynasty. After the co ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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Conglomerate Companies
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the tar ...
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Trust (business)
A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways. These ways can include constituting a trade association, owning stock in one another, constituting a corporate group (sometimes specifically a conglomerate), or combinations thereof. The term ''trust'' is often used in a historical sense to refer to monopolies or near-monopolies in the United States during the Second Industrial Revolution in the 19th century and early 20th century. The use of corporate trusts during this period is the historical reason for the name "antitrust law". In the broader sense of the term, relating to trust law, a trust is a centuries-old legal arrangement whereby one party conveys legal possession and title of certain property to a second party, called a trustee. While that trustee has ownership, they cannot use the property for herself, b ...
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East Germany
East Germany, officially the German Democratic Republic (GDR; german: Deutsche Demokratische Republik, , DDR, ), was a country that existed from its creation on 7 October 1949 until its dissolution on 3 October 1990. In these years the state was a part of the Eastern Bloc in the Cold War. Commonly described as a communist state, it described itself as a socialist "workers' and peasants' state".Patrick Major, Jonathan Osmond, ''The Workers' and Peasants' State: Communism and Society in East Germany Under Ulbricht 1945–71'', Manchester University Press, 2002, Its territory was administered and occupied by Soviet forces following the end of World War II—the Soviet occupation zone of the Potsdam Agreement, bounded on the east by the Oder–Neisse line. The Soviet zone surrounded West Berlin but did not include it and West Berlin remained outside the jurisdiction of the GDR. Most scholars and academics describe the GDR as a totalitarian dictatorship. The GDR was establish ...
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Bundesarchiv Bild 183-1987-0125-004, VEB Robotron Elektronik Dresden, Endmontage
The German Federal Archives or Bundesarchiv (BArch) (german: Bundesarchiv) are the National Archives of Germany. They were established at the current location in Koblenz in 1952. They are subordinated to the Federal Commissioner for Culture and the Media ( Claudia Roth since 2021) under the German Chancellery, and before 1998, to the Federal Ministry of the Interior. On 6 December 2008, the Archives donated 100,000 photos to the public, by making them accessible via Wikimedia Commons. History The federal archive for institutions and authorities in Germany, the first precursor to the present-day Federal Archives, was established in Potsdam, Brandenburg in 1919, a later date than in other European countries. This national archive documented German government dating from the founding of the North German Confederation in 1867. It also included material from the older German Confederation and the Imperial Chamber Court. The oldest documents in this collection dated back to the year ...
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Business Group
A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law, accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole. If the corporations are engaged in entirely different businesses, the group is called a conglomerate. The forming of corporate groups usually involves consolidation via mergers and acquisitions, although the group concept focuses on the instances in which the merged and acquired corporate entities remain in existence rather than the instances in which they are dissolved by the parent. The group may be owned by a holding company which may have no actual operations. In Germany, where a sophisticated law of the " concern" has been developed, the law of corporate grou ...
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Socialist State
A socialist state, socialist republic, or socialist country, sometimes referred to as a workers' state or workers' republic, is a Sovereign state, sovereign State (polity), state constitutionally dedicated to the establishment of socialism. The term ''communist state'' is often used synonymously in the Western Bloc, West specifically when referring to one-party socialist states governed by Marxist–Leninist communist parties, despite these countries being officially socialist states in the process of building Socialist mode of production, socialism and progressing toward a communist society. These countries never describe themselves as ''communist'' nor as having implemented a communist society. Additionally, a number of countries that are multi-party capitalist states make Socialism in liberal democratic constitutions, references to socialism in their constitutions, in most cases alluding to the building of a socialist society, naming socialism, claiming to be a socialist state ...
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Kombinat Robotron
VEB Kombinat Robotron (or simply Robotron) was the biggest East German electronics manufacturer. It was based in Dresden and employed 68,000 people (1989). It produced personal computers, SM EVM minicomputers, the ESER mainframe computers, several computer peripherals as well as home computers, radios, television sets and other items including the cookie press ''Kleingebäckpresse Typ 102''. Divisions Robotron managed several different divisions: *VEB Robotron-Elektronik Dresden (headquarters) — typewriters, personal computers, minicomputers, mainframes *VEB Robotron-Meßelektronik Dresden — measurement and testing devices, home computers *VEB Robotron-Projekt Dresden — software department *VEB Robotron-Buchungsmaschinenwerk Karl-Marx-Stadt — personal computers, floppy disk drives *VEB Robotron-Elektronik Hoyerswerda — monitors, power supply units *VEB Robotron-Elektronik Radeberg — mainframes, radio receivers, portable television r ...
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Industrieverband Fahrzeugbau
''Industrieverband Fahrzeugbau'' ("Industrial Association for Vehicle Construction"), usually abbreviated as IFA, was a conglomerate and a union of companies for vehicle construction in the former East Germany. IFA produced bicycles, motorcycles, light commercial vehicles, automobiles, vans and heavy trucks. All East German vehicle manufacturers were part of the IFA, including Barkas, EMW (which made Wartburg cars), IWL, MZ, Multicar, Robur, Sachsenring (which made Trabant cars) and Simson. Car production IFA cars were based on pre-war ''DKW'' designs and made in the former Horch factory in Zwickau. The F8 had a two-cylinder engine, and the F9 had a three-cylinder unit. The F8 bodies were straight copies of the pre-war models, and rapidly looked old-fashioned, but some had more modern coachwork by Baur of Stuttgart, then in West Germany. The three cylinder cars (F9) had not got into production before war broke out in 1939, and so had more up to date bodies similar to ...
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Erdenet Mining Corporation
Erdenet Mining Corporation ( mn, Эрдэнэт үйлдвэр English: Precious factory) is a mining corporation in Erdenet, Mongolia. The city was built in 1974 to exploit Asia's largest deposit of copper ore and is the fourth largest copper mine in the world. The Erdenet Mining Corporation is a joint Mongolian-Russian venture and accounts for a majority of Mongolia's hard currency income. Erdenet mines 22.23 million tons of ore a year, producing 126,700 tons of copper and 1954 tons of molybdenum. The mine accounts for 13.5% of Mongolia's GDP and 7% of its tax revenue. The mine employs about 8,000 people. History The city Erdenet Erdenet ( mn, Эрдэнэт, literally "with treasure") is the third-largest city in Mongolia, with a 2018 population of 98,045, and the capital of the aimag (province) of Orkhon. Located in the northern part of the country, it lies in a valley ... and its mill were built by Soviet technology with the help of Soviet specialists. The discovery of ...
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Production Association
Production association (russian: Производственное объединение) was a form of the organization of industry in the Soviet Union. According to the ''Great Soviet Encyclopedia'', it is "a single specialized production and economic complex, which includes factories, plants, research, design, technological, and other organizations that have industrial relations with each other and centralized auxiliary and service production. The production units that make up the association are not separate legal entities". As a rule, it is managed by the management of its core enterprise, with the board of directors of its major enterprises serving as an advisory body.''Great Soviet Encyclopedia'', article "Производственное объединение" Similar associations existed in other countries under Soviet influence, known under other terms, such as " Kombinat" in Poland and East Germany. Post-Soviet times After the regaining of the independence of Lithua ...
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