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Svenska Varv
Svenska Varv AB was a Swedish state-owned company that was founded in 1977. It was formed to liquidate the many unprofitable assets of the Swedish shipbuilding industry which experienced a major financial crisis during 1969–1985 due to competition from the Far East as well as the effects of the 1973 oil crisis. The company originally consisted of Götaverken, Uddevallavarvet and Karlskronavarvet. Later, Eriksberg, Finnboda, Kockums, Karlskronavarvet and Öresundsvarvet joined the company. In 1987 the company changed its name to Celsius AB and became a defence contractor after all of the major shipbuilding wharfs were successfully closed down. Celsius AB was listed on the Stockholm Stock Exchange in 1993, and was acquired by Saab AB Saab AB (originally , later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. Headquartered in Stockholm, the development and the manufacturing is undertaken in Linköping. Saab produced automobiles from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiebolag
''Aktiebolag'' (, " stock company") is the Swedish term for "limited company" or "corporation". When used in company names, it is abbreviated AB (in Sweden), Ab (in Finland), or, rarely, A/B (dated), roughly equivalent to the abbreviations ''Ltd.'' and '' PLC''. The state authority responsible for registration of aktiebolag in Sweden is called the Swedish Companies Registration Office. Sweden All ''aktiebolag'' are divided into two categories: private limited companies and public limited companies. The name of a private limited company may not contain the word ''publikt'' ("public") and the name of a public limited company may not contain the word ''privat'' or ''pvt.'' ("private"). Public A public limited company (''publikt aktiebolag'') is legally denoted as "AB (publ.)" in Sweden or "Abp" in Finland. A Swedish public limited company must have a minimum share capital of 500,000 Swedish kronor and its shares can be offered to the general public on the stock market. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Company
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Oil Crisis
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US to nearly globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock". Background Arab-Israeli conflict Ever since the recreation of the State of Israel in 1948 there has been Arab–Israeli conflict in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Götaverken
Götaverken was a shipbuilding company that was located on Hisingen, Gothenburg. During the 1930s it was the world's biggest shipyard by launched gross registered tonnage. It was founded in 1841, and went bankrupt in 1989. History The company was founded in 1841 by Scottish businessman Alexander Keiller under the name Keillers Werkstad i Göteborg, and was aimed at industrial production. After bankruptcy in 1867, the company was reorganised into Göteborgs Mekaniska Verkstads AB. In 1906, the majority of the company's stocks were taken over by Hugo Hammar and Sven Almqvist. Because of this, the company was reorganised into Göteborgs Nya Verkstads AB and the shipyard's capacity was increased. In 1916 the shipyard was renamed to AB Götaverken. During the 1930s, the company had grown so much that Götaverken became the world's biggest shipyard by launched gross registered tonnage. In 1950 a completely new shipyard was built at Arendal, which is also located in Gothenburg. When ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eriksbergs Mekaniska Verkstads AB
Eriksbergs Mekaniska Verkstads AB was a Swedish shipbuilding company based in Gothenburg. It was founded in 1850 by Christian Barchman under the name ''Ericsbergs metall och tackjerns-gjuteri''. It delivered its last ship in 1979. History Introduction Founded in 1850 by Christian Barchman, the company originally worked with galvanization. The first shipyard wharf was opened in 1871, and two years later they delivered their first ship. In 1876 the company was transformed into a joint-stock company, and so the name was changed to ''Eriksbergs Mekaniska Werkstads AB''. In the beginning of the 1890s, the shipyard was still the smallest of the three wharfs that existed in Gothenburg. Production was based on passenger ships, steam cutters and towboats for Denmark, Norway and Finland, and ferries for Stockholm's public transportation. In 1915 Eriksberg underwent massive developments to accommodate production of larger ships after a major takeover of the corporation's stocks by Dan B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kockums
Saab Kockums AB is a shipyard headquartered in Malmö, Sweden, owned by the Swedish defence company Saab Group. Saab Kockums AB is further operational in Muskö, Docksta, and Karlskrona. While having a history of civil vessel construction, Kockums' most renowned activity is the fabrication of military corvettes and submarines. Kockums worked with Northrop Grumman and Howaldtswerke-Deutsche Werft (HDW) to offer a ''Visby''-class corvette derivative in the American Focused Mission Vessel Study, a precursor to the Littoral Combat Ship program. It competed with several other concepts, including Norway's Skjold class (part of a Raytheon led group). History Kockums during the 19th century During the 1820:s the Kockums family established themselves as businesspeople in Malmö. Frans Henrik Kockum built a large fortune through an investment in tobacco production. Thanks to this he was able to purchase a large part of land 1838 south of Malmö, and between 1840 and 1841 he erect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Öresundsvarvet
Öresundsvarvet was a Swedish shipyard in Landskrona that was established in 1915 and largely phased out between 1980 and 1982. Foundation Öresundsvarvet was constituted on 16 December 1915 by Gothenburg shipbuilder, Arthur Du Rietz. During a visit to Landskrona, Du Rietz heard that the city wanted to complement its industry with a shipyard. The authorities suggested an area alongside the harbor called Sydpiren, which was then under water. Du Rietz was contracted to build a shipyard with two slipways on a plot, above sea level. The city committed to provide a long railway embankment and a berth. Du Rietz pledged to immediately then build a shipyard with two slipways. Construction began in 1916 and included a large dry dock in length. As World War I wasn't resolved in "a few months" (which was the general assumption by most people in the summer of 1914), there was a period of an increasing demand, both for more vessels in general, as well as an equal demand of more ''moder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defence Contractor
The arms industry, also known as the arms trade, is a global industry which manufactures and sells weapons and military technology. It consists of a commercial industry involved in the research and development, engineering, production, and servicing of military material, equipment, and facilities. Arms-producing companies, also referred to as arms dealers, or as the military industry, produce arms for the armed forces of states and for civilians. Departments of government also operate in the arms industry, buying and selling weapons, munitions and other military items. An arsenal is a place where arms and ammunition - whether privately or publicly owned - are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include guns, artillery, ammunition, missiles, military aircraft, military vehicles, ships, electronic systems, military communications, night-vision devices, holographic weapon sights, laser rangefinders, laser sigh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockholm Stock Exchange
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total of 832 companies are listed on Nasdaq Stockholm with 385 companies on the main market and additional 447 listed on secondary markets (Nasdaq First North and Nasdaq First North Premier). History The Stockholm Stock Exchange was acquired by futures exchange OM in 1998. After OM merged with the Helsinki Stock Exchange to form what is now OMX in 2003, the Stockholm and Helsinki exchanges' operations were merged. Since 2008, the Stockholm Stock Exchange has been part of Nasdaq, Inc. (formerly called ''Nasdaq OMX Group'') and its Nasdaq Nordic markets. As of October 2014, the exchange operated under the legal name ''Nasdaq OMX Stockholm AB'' (renamed ''Nasdaq Stockholm AB'' in 2015). Prior to the introduction of electroni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
