Forbo Holding AG
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Forbo Holding AG
Forbo Holding AG based in Baar, Switzerland, Baar ZG is a globally operating Swiss manufacturer of floor coverings and building and construction adhesives as well as power transmission and light conveyor belts. The group has an international network of 25 locations with production and sales, as well as 49 pure sales organizations in a total of 39 countries. Forbo has around 5,500 employees and achieved a turnover in 2021 of 1,254.0 million Swiss francs. The company is listed on the SWX Swiss stock exchange (). Areas of activity Forbo has two divisions: Forbo Flooring Systems and Forbo Movement Systems. The Flooring Systems division is specialized in linoleum, Vinyl composition tile, vinyl floor coverings, entrance matting systems, carpet tiles, needle felt coverings and Flotex. These are used, among other things, in public buildings, hospitals, schools, business premises and in the home. Forbo is the worldwide market leader in linoleum. Forbo sells the material under the t ...
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Stock Corporation
A joint-stock company is a business entity in which shares of the company's stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ... can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are common ...
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