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Heikki H. Herlin
Heikki Hugo Herlin (7 February 1901 — 21 August 1989) was a Finnish engineer, industrialist and vuorineuvos. Herlin gained experience by studying and working abroad, before he inherited his father's position as manager of the lift producer Kone Oy in 1932. He developed the company substantially and started exports already in the 1930s. After Kone had participated at delivering large number of units to Soviet Union as part of the Finnish war reparations, Herlin established fruitful business relations with the Soviet Union. Herlin had broad language skills which he utilised when he developed Kone an international company. In 1964 he gave the leadership to his son Pekka Herlin, continuing still as a board member. Herlin was member of many company boards as wells as non-profit associations. He founded the Kone Foundation which supports cultural and sociological research. Early years Herlin's parents were engineer Harald Herlin and Minna née Westerlund. Harald Herlin was a ...
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Vuorineuvos
Vuorineuvos ("mining counselor", literally Finnish for "mountain counselor"; sv, bergsråd) is a Finnish honorary title granted by the President of Finland to leading figures in industry and commerce. The title is honorary and has no responsibilities and no privileges. All Finnish titles are non-hereditary. The only title of equal rank is ''valtioneuvos''. Origin and history The vuorineuvos title originated in late 18th-century Sweden when mining played a major role in the economy, including in Swedish-held Finland. During that era five Finns were awarded the title. From 1809 to 1917 in the semi-autonomous, Russian-ruled Grand Duchy of Finland a further 19 titles were awarded. The first recipient of the vuorineuvos title in the modern Republic of Finland was Baron Fridolf Hisinger, on 17 July 1918. Awarding of the title has evolved to include not only giants of the mining industry but distinguished leaders in other industries and commerce. By 2010, the title had been granted ...
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Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ''exporter''; the foreign buyer is an '' importer''. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights. Exportation of goods often requires the involvement of customs authorities. Firms Many manufacturing firms begin their global expansion as exporters and only later switch to another mode for serving a foreign market. Barriers There are four main types of export barriers: motivational, informational, operational/resource-based, and knowledge. Trade barriers are laws, regulations, policy, or practices that protect domestically made products from foreign competition. While restrictive business practices sometimes hav ...
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Brown, Boveri & Cie
Brown, Boveri & Cie. (Brown, Boveri & Company; BBC) was a Swiss group of electrical engineering companies. It was founded in Zürich, in 1891 by Charles Eugene Lancelot Brown and Walter Boveri who worked at the Maschinenfabrik Oerlikon. In 1970 BBC took over the Maschinenfabrik Oerlikon. In 1988 it merged with ASEA to form ABB. Early History of BBC Brown Boveri BBC Brown Boveri was established in 1891. The company was one of only a few multinational corporations to operate subsidiaries that were larger than the parent company. Because of the limitations of the Swiss domestic market, Brown Boveri established subsidiaries throughout Europe relatively early in its history, and at times had difficulty maintaining managerial control over some of its larger operating units. The merger with ASEA, a company which was praised for its strong management, was expected to help Brown Boveri reorganize and reassert control over its vast international network. Activity in Britain Brown Bove ...
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Mechanical Engineering
Mechanical engineering is the study of physical machines that may involve force and movement. It is an engineering branch that combines engineering physics and mathematics principles with materials science, to design, analyze, manufacture, and maintain mechanical systems. It is one of the oldest and broadest of the engineering branches. Mechanical engineering requires an understanding of core areas including mechanics, dynamics, thermodynamics, materials science, structural analysis, and electricity. In addition to these core principles, mechanical engineers use tools such as computer-aided design (CAD), computer-aided manufacturing (CAM), and product lifecycle management to design and analyze manufacturing plants, industrial equipment and machinery, heating and cooling systems, transport systems, aircraft, watercraft, robotics, medical devices, weapons, and others. Mechanical engineering emerged as a field during the Industrial Revolution in Europe in the 18th century; ...
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Matriculation Exam (Finland)
The Finnish Matriculation Examination (Finnish ''ylioppilastutkinto'', Swedish ''studentexamen'') is the matriculation examination taken at the end of secondary education to qualify for entry into university. In practice, the test also constitutes the high school's final exam(s), although there is a separate diploma on graduating from high school, based not on the exam, but on the grades of individual courses. Since 1919, the test has been arranged by a national body, the Matriculation Examination Board. Before that, the administration of the test was the responsibility of the University of Helsinki. Under a previous law, successful completion entitled one to enroll as a university student, initially without the need for an entrance exam (hence "matriculation"). Although the legal requirement has been lifted, matriculation without completing the test is still an exception. The universities are now free to arrange their own entrance examinations in addition to considering scores fr ...
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Helsingin Suomalainen Yhteiskoulu
Helsingin Suomalainen Yhteiskoulu, commonly abbreviated SYK (English: "Helsinki Finnish co-educational school"), is a free elementary, middle and high school in the Etelä-Haaga district of Helsinki, Finland. History SYK was founded in 1886. Its roots trace back to a group of notable Finnish intellectuals whose aim was to found a Finnish-language lycée for female students in order to further the education of women in Finland. By the time that this group had raised enough funds to actually found the school, the ideal of coeducational schools had gained so much ground among the members that the school that was founded in 1886 became a coeducational one. This was a very important event in the history of Finnish schools, as SYK was the first Finnish-language coeducational school in Finland. SYK today SYK continues to be held in high regard. It offers education from 3rd to 9th grade as well as the three high school years. The school's matriculation examination results are usually am ...
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Licensed Production
Licensed production is the production under license of technology developed elsewhere. The licensee provides the licensor of a specific product with legal production rights, technical information, process technology, and any other proprietary components that cannot be sourced by the licensor. This is an especially prominent commercial practice in developing nations, which often approach licensed production as a starting point for indigenous industrial development. While licensed production in developing nations provides stimulus to the production and technical capabilities of local industry, in many cases it remains at least partly dependent on foreign support. History The four most common applications of licensed production have historically been automotive engines and parts, weaponry, aircraft, and pharmaceuticals. During World War I, it was more common for licensing agreements to take place between companies in the same country; for example, Opel was granted a license to pro ...
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Strömberg (company)
Stromberg Oy or Strömberg Ab, was a company founded by Gottfrid Strömberg in 1889 in Helsinki, Finland, and manufactured electromechanical products such as: generators, electric motors and small power plants. The company was founded initially as ''Gottfrid Strömbergin sähköyhtiö'' in Finnish, ''Gottfrid Strömbergs elföretag'' in Swedish. Strömberg was acquired by Swedish ASEA in 1987, then later in 1988 when ASEA merged with Brown, Boveri & Cie to form ABB, the company became a division of ABB and hence known as ABB Strömberg. In the later 1990s, the company name was changed from ABB Strömberg Oy into ABB Oy and a more integral part of ABB. The company Strömberg expanded in an early stage and founded another factory branch in Vaasa, Finland, in an area which is now known as Strömberg Park. The Strömberg Park area was planned, and parts of the buildings there today were designed by Alvar Aalto. The company has many inventions and firsts to its credit. It has many in ...
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Reorganisation
A corporate action is an event initiated by a public company that brings or could bring an actual change to the securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's board of directors and authorized by the shareholders. For some events, shareholders or bondholders are permitted to vote on the event. Examples of corporate actions include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs. Some corporate actions such as a dividend (for equity securities) or coupon payment (for debt securities) may have a direct financial impact on the shareholders or bondholders; another example is a call (early redemption) of a debt security. Other corporate actions such as stock split may have an indirect financial impact, as the increased liquidity of shares may cause the price of the stock to decrease. Some corporate actions, such as name changes or ticker symbol changes to better reflect a company's busi ...
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Consultant
A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting services generally fall under the domain of professional services, as contingent work. A consultant is employed or involved in giving professional advice to the public or to those practicing the profession. Definition and distinction The Harvard Business School provides a more specific definition of a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". In his book, ''The Consulting Bible'', Alan Weiss defines that "When we onsultantswalk away from a client, the client's conditions should be better than it was before we arrived or we've failed." There is no legal protection given to the job title 'consultant'.Consultancy.ukWhat is a consultant? accessed 29 June 2021 S ...
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Plumbing
Plumbing is any system that conveys fluids for a wide range of applications. Plumbing uses pipes, valves, plumbing fixtures, tanks, and other apparatuses to convey fluids. Heating and cooling (HVAC), waste removal, and potable water delivery are among the most common uses for plumbing, but it is not limited to these applications. The word derives from the Latin for lead, ''plumbum'', as the first effective pipes used in the Roman era were lead pipes. In the developed world, plumbing infrastructure is critical to public health and sanitation. Boilermakers and pipefitters are not plumbers although they work with piping as part of their trade and their work can include some plumbing. History Plumbing originated during ancient civilizations, as they developed public baths and needed to provide potable water and wastewater removal for larger numbers of people. The Mesopotamians introduced the world to clay sewer pipes around 4000 BCE, with the earliest examples found i ...
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Water Pipe
Plumbing is any system that conveys fluids for a wide range of applications. Plumbing uses pipes, valves, plumbing fixtures, tanks, and other apparatuses to convey fluids. Heating and cooling (HVAC), waste removal, and potable water delivery are among the most common uses for plumbing, but it is not limited to these applications. The word derives from the Latin for lead, ''plumbum'', as the first effective pipes used in the Roman era were lead pipes. In the developed world, plumbing infrastructure is critical to public health and sanitation. Boilermakers and pipefitters are not plumbers although they work with piping as part of their trade and their work can include some plumbing. History Plumbing originated during ancient civilizations, as they developed public baths and needed to provide potable water and wastewater removal for larger numbers of people. The Mesopotamians introduced the world to clay sewer pipes around 4000 BCE, with the earliest examples found in ...
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