GKN Birwelco Limited
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GKN Birwelco Limited
GKN Ltd is a British multinational automotive and aerospace components business headquartered in Redditch, England. It is a long-running business known for many decades as Guest, Keen and Nettlefolds. It can trace its origins back to 1759 and the birth of the Industrial Revolution. The company's name is the initials of three early figures in its history: John Guest, Arthur Keen, and Joseph Henry Nettlefold. All three were key figures in the field of iron and steel during the Industrial Revolution. Ivor Guest sold the '' Dowlais Iron Company'' in Wales to Arthur Keen and Windsor Richards of Birmingham's '' Patent Nut and Bolt Company'' in June 1900. They combined the two businesses and formed ''Guest, Keen & Co. Limited'' on 1 November 1900. A little over twelve months later, Guest Keen & Co bought and amalgamated '' Nettlefolds Limited'' into their new combine giving it the style ''Guest, Keen and Nettlefolds Limited''. Throughout the majority of the twentieth centur ...
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Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ...
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Guest Family
Guest or The Guest may refer to: * A person who is given hospitality * Guest (surname), people with the surname ''Guest'' * USS ''Guest'' (DD-472), U.S. Navy ''Fletcher''-class destroyer 1942–1946 * Guest appearance, guest actor, guest star, etc. * Guest comic, issue of a comic strip that is created by a different person (or people) than usual * Guest host (or guest presenter), host, usually of a talk show, that substitutes for the regular host * Guest operating system, operating system installed on a virtual machine * Guest ranch (or dude ranch), type of ranch oriented towards visitors or tourism * Guest statute, statute in tort law * Guest worker, person who works in a country other than the one of which he or she is a citizen Music, literature, and film * "The Guest" (short story), 1957 short story by Albert Camus * ''Guest'' (album), 1994 album by Critters Buggin * ''The Guest'' (album), 2002 album by Phantom Planet * ''The Guest'' (TV series), 2018 South Korean tele ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Dana Corporation
Dana Incorporated is an American supplier of axles, driveshafts, transmissions, and electrodynamic, thermal, sealing, and digital equipment for conventional, hybrid, and electric-powered vehicles. The company's products and services are aimed at the light vehicle, commercial vehicle, and off-highway equipment markets. Founded in 1904 and based in Maumee, Ohio, the company employs nearly 36,000 people in 33 countries. In 2019, Dana generated sales of $8.6 billion. The company is included in the Fortune 500. History *In 1904, Clarence W. Spicer, engineer, inventor, and founder of the company, began manufacturing universal joints in Plainfield, New Jersey. * Also in 1904, the first C.W. Spicer "u-joints" were shipped to Corbin Motor Company in Connecticut. * In 1905, Spicer Universal Joint Manufacturing Company was incorporated. * In 1909, the company changed its name to Spicer Manufacturing Company. * In 1910, Spicer relocated to South Plainfield, New Jersey. * In 1914, Charle ...
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Finmeccanica
Leonardo S.p.A., formerly Leonardo-Finmeccanica and originally Finmeccanica, is an Italian Multinational corporation, multinational company specialising in Aerospace manufacturer, aerospace, arms industry, defence and Information security, security. Headquartered in Rome, Italy, the company has 180 sites worldwide. It is the eighth largest Arms industry#List of major weapon manufacturers, defence contractor in the world based on 2018 revenues. The company is partially owned by the Italian government, which holds 30.2% of the company's shares and is its largest shareholder. On 1 January 2016, Leonardo-Finmeccanica became a single industrial company by integrating the activities of its subsidiaries AgustaWestland, Alenia Aermacchi, DRS Technologies, Selex ES, Oto Melara and Whitehead Sistemi Subacquei, WASS. The company is organised into five divisions (Helicopters, Aircraft, Aerostructures, Electronics, Cybersecurity). It is also the parent company and corporate centre for the subs ...
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AgustaWestland
AgustaWestland was an Anglo-Italian helicopter design and manufacturing company, which was a wholly owned subsidiary of Finmeccanica (now known as Leonardo). It was formed in July 2000 as an Anglo-Italian multinational company, when Finmeccanica and GKN merged their respective helicopter subsidiaries (Agusta and Westland Helicopters) to form AgustaWestland, with each holding a 50% share. Finmeccanica acquired GKN's stake in AgustaWestland in 2004. In 2016, AgustaWestland was merged into Leonardo S.p.A. (formerly Finmeccanica), where it became the company's helicopters division under the Leonardo Helicopters brand. "AgustaWestland" still exists as a subsidiary of Leonardo but the AgustaWestland public brand is no longer promoted. History The collaboration between Agusta and Westland dates back to 1981, when the two companies established the European Helicopter Industries joint venture with the aim of developing a new medium-size utility helicopter, the EH101. In March 1999, Fi ...
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Westland Aircraft
Westland Aircraft was a British aircraft manufacturer located in Yeovil, Somerset. Formed as a separate company by separation from Petters Limited just before the start of the Second World War, Westland had been building aircraft since 1915. During the war the company produced a number of generally unsuccessful designs, but their Lysander would serve as an important liaison aircraft with the Royal Air Force. After the war the company focused on helicopters, and was merged with several other British firms to create Westland Helicopters in 1961. History Foundation In 1915 the Westland Aircraft Works was founded as a division of Petters in response to government orders for the construction under licence of initially 12 Short Type 184 seaplanes, followed by 20 Short Admiralty Type 166. Orders for other aircraft followed during First World War, including the Sopwith 1½ Strutter, the de Havilland designed Airco DH.4, Airco DH.9 and Airco DH.9A and the Vickers Vimy. The name ...
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Privatisation
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ...
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Machine Tool
A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformations. Machine tools employ some sort of tool that does the cutting or shaping. All machine tools have some means of constraining the work piece and provide a guided movement of the parts of the machine. Thus, the relative movement between the workpiece and the cutting tool (which is called the toolpath) is controlled or constrained by the machine to at least some extent, rather than being entirely "offhand" or " freehand". It is a power-driven metal cutting machine which assists in managing the needed relative motion between cutting tool and the job that changes the size and shape of the job material. The precise definition of the term ''machine tool'' varies among users, as discussed below. While all machine tools are "machines that help people to make things", not all factory machines are machine tools. Today machine ...
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Nettlefolds Limited
Joseph Henry Nettlefold (19 September 1827 – 22 November 1881) was a British industrialist, the Nettlefold in Guest, Keen & Nettlefolds. He was born in London to John Sutton Nettlefold who, in 1854, dispatched him to manage the business of Nettlefold and Chamberlain in Birmingham with his brother Edward John and cousin Joseph Chamberlain. The Chamberlains left the firm in 1874 and Edward John died in 1878, leaving effective control of Birmingham manufacturing and engineering to Joseph, and his younger brother Frederick Nettlefold as chairman in London. Nettlefolds Ltd was launched as a limited company in 1880 and Nettlefold, by a series of astute mergers and acquisitions, went on to establish a virtual monopoly in the British wood-screw market. Nettlefold was a sober man whose principal interests were technical. He became a member of the Institution of Mechanical Engineers in 1860. Though both his parents were Unitarian, Nettlefold married a Roman Catholic, Mary Maria ...
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Patent Nut And Bolt Company
Arthur Keen (23 January 1835 – 8 February 1915) was a British entrepreneur, the ''Keen'' in engineering firm Guest, Keen and Nettlefolds, later GKN plc. Early years His early years are uncertain but he was born in Cheshire, perhaps near Northwich, the son of a farmer. His early education seems to have been meagre before he joined the London and North Western Railway, probably in some clerical capacity. Somewhere around 1855, he was appointed a goods agent for the railway and relocated to Smethwick where his job led to a network of industrial contacts including Thomas Astbury (1810–1862) who introduced him to Francis Watkins. In 1858, Keen married Astbury's daughter, Hannah. The couple were to go on to parent ten children in half a century of family life in Edgbaston.Smith (2004) Industrialist Watkins was trying to market his patent nut-making machine in England and Keen saw the potential of the business. The firm of ''Watkins and Keen'' was established with capital from ...
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