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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 ...
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Private Limited Companies
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United States, ''private company limited by shares'' in the United Kingdom, '' GmbH'' in Germany and Austria, ''société à responsabilité limitée'' in France, and ''sociedad de responsabilidad limitada'' in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company. Abbreviations Albania In Albania a limited liability company ( sq, Shoqëri me përgjegjësi të kufizuar Sh.p.k) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreeme ...
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LKAB
Luossavaara-Kiirunavaara Aktiebolag (LKAB) is a government owned Swedish mining company. The company mines iron ore at Kiruna and at Malmberget in northern Sweden. The company was established in 1890, and has been 100% state-owned since the 1950s. The iron ore is processed to pellets and sinter fines, which are transported by Iore trains (Malmbanan) to the harbours at Narvik and Luleå and to the steelmill at Luleå (SSAB). Their production is sold throughout much of the world, with the principal markets being European steel mills, as well as North Africa, the Middle East and Southeast Asia. , LKAB has over 4,500 employees in 12 countries. There are iron ore mines, processing plants and ore harbors in northern Sweden and Norway, and a sales office in Germany. LKAB has subsidiaries for industrial minerals with processing plants in Sweden, Finland, the UK, the Netherlands, Turkey and China. Additional subsidiaries are in Germany, the US and Hong Kong as well as representative of ...
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Economy Of Sweden
The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron, and steel. Traditionally, Sweden relied on a modern agricultural economy that employed over half the domestic workforce. Today Sweden further develops engineering, mine, steel, and pulp industries, which are competitive internationally, as evidenced by companies like Ericsson, ASEA/ABB, SKF, Alfa Laval, AGA, and Dyno Nobel. Sweden is a competitive open mixed economy. The vast majority of Swedish enterprises are privately owned and market-oriented. There is also a strong welfare state, with public-sector spending accounting up to three-fifths of GDP. In 2014, the percent of national wealth owned by the government w ...
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SSAB
SSAB AB, earlier ''Svenskt Stål AB'' (English: Swedish Steel), () is a Swedish company, formed in 1978, that specialises in processing raw material to produce steel. The largest shareholders are Aktiebolag Industrivärden and the Government of Finland. History The headquarters are in central Stockholm. SSAB initially saw losses during the years 1978 to 1981, and became profitable in 1982. It is involved in the production of steel and steel products, both standardized and specialized for various fields and uses. In addition to steel production, the company also partners with design firms during their execution of architectural projects. Its R&D department works with customers in order to provide custom solutions for new projects. In 2014 SSAB became a member of the four year pilot program organization “Steel Eco-System” sponsored by the Swedish government. In November 2017 the company has a market cap of $35.55 billion, and is traded on the Stockholm NASDAQ exchange. The comp ...
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Scania AB
Scania AB is a major Swedish manufacturer headquartered in Södertälje, focusing on commercial vehicles—specifically heavy lorries, trucks and buses. It also manufactures diesel engines for heavy vehicles as well as marine and general industrial applications. Scania was formed in 1911 through the merger of Södertälje-based Vabis and Malmö-based Maskinfabriks-aktiebolaget Scania. Since 1912, the company has been re-located again to Södertälje after the merger. Today, Scania has production facilities in Sweden, France, the Netherlands, Thailand, China, India, Argentina, Brazil, Poland, Russia and Finland. In addition, there are assembly plants in ten countries in Africa, Asia and Europe. Scania's sales and service organisation and finance companies are worldwide. In 2012, the company employed approximately 42,100 people around the world. Scania was listed on the NASDAQ OMX Stockholm stock exchange from 1996 to 2014. The company is a subsidiary of Traton, part of the Vo ...
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MySQL AB
MySQL AB was a Swedish software company founded in 1995. It was acquired by Sun Microsystems in 2008, Sun was in turn acquired by Oracle Corporation in 2010. MySQL AB is the creator of MySQL, a relational database management system, as well as related products such as MySQL Cluster. The company was dually headquartered in Uppsala, Sweden, and Cupertino, California, with offices in other countries ( France (Paris), Germany (Munich), Ireland (Dublin), Italy (Milan), and Japan (Tokyo)). MySQL AB had 400 employees in 25 countries, and Open-source model companies. Around 70% of the employees were remote workers. Together with Linux, Apache, and PHP, the MySQL Server forms one of the building blocks of the LAMP technology stack. The company claimed over 5 million MySQL installations and over 10 million product downloads in 2004. Revenue MySQL AB representatives are commonly cited as champions of what they claim to be a "second generation" of open source companies. The revenu ...
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Types Of Business Entity
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for example: *private company limited by shares or Ltd. (UK, Ireland and the Commonwealth) *public limited company (UK, Ireland and the Commonwealth) *limited partnership *general partnership *chartered company *statutory corporation *state-owned enterprise *holding ...
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Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the fifth-largest country in Europe. The capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including some of the largest in Europe. Many long rivers run from the Scandes range through the landscape, primarily ...
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ESAB
ESAB, ''Elektriska Svetsnings-Aktiebolaget'' ( en, Electric Welding Limited company), is an American Swedish industrial company. The ultimate parent company of ESAB is ESAB Corporation, a New York Stock Exchange listed (TickerESAB with its principal executive office in North Bethesda, Maryland U.S.A. On February 22, 2022 ESAB Corporation "ESAB" filed a Form 10-12B registration statement "the Form 10" with the U.S. Securities and Exchange Commission for a spin-off from Colfax Corp. ESAB started the registration process with a series of confidential filings with the SEC starting in August 2021. ESAB is incorporated in Delaware and maintains its principal executive offices in North Bethesda, Maryland U.S.A. The Form 10 states that Colfax intends to distribute "...90% of the outstanding shares of ESAB common stock to current Colfax stockholders." ESAB Corporation's portfolio includes a fabrication technology arm, which includes welding, cutting, gas control, PPE, software, and robot ...
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HIAB
Hydrauliska Industri AB (HIAB) is a Swedish manufacturer of loader cranes, demountable container handlers, forestry cranes, truck-mounted forklifts and tail lifts. The company is owned by the Cargotec Corporation. History The name, Hiab, comes from the commonly used abbreviation of Hydrauliska Industri AB, a company founded in Hudiksvall, Sweden 1944 by Eric Sundin, a ski manufacturer who saw a way to utilize a truck's engine to power loader-cranes through the use of hydraulics. Hiab invented the world's first hydraulic truck-mounted crane in 1947. On the other side of the Bothnian Sea in Raisio, Finland about the same time, three brothers, Mikko, Mauno and Martti Terho developed a mechanical cable-operated interchangeable platform-loader (Cablelift) that utilised the truck's front winch, with which it was possible to use a variety of platform bodies. In 1949 they started Multilift to manufacture their innovative load handling equipment. The roots of today's Hiab Company ...
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Svenska Aeroplan 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 1947 until 1990 when the automobile division was spun off as Saab Automobile, a joint venture with General Motors. The joint venture ended in 2000 when GM took complete ownership. From 1968 onwards the company was in a merger with commercial vehicle manufacturer Scania-Vabis, known as Saab-Scania. The two were de-merged in 1995 by the new owners, Investor AB. Despite the demerger, both Saab and Scania share the right to use the griffin logo, which originates from the coat of arms of the Swedish region of Scania. History "Svenska Aeroplan AktieBolag" (Swedish for "Swedish Aeroplane Company Limited") (SAAB) was founded in 1937 in Trollhättan, with the merger of Svenska Aero AB (SAAB) and Linköping based ASJA the headquarters moved to Linkö ...
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Finnish Language
Finnish ( endonym: or ) is a Uralic language of the Finnic branch, spoken by the majority of the population in Finland and by ethnic Finns outside of Finland. Finnish is one of the two official languages of Finland (the other being Swedish). In Sweden, both Finnish and Meänkieli (which has significant mutual intelligibility with Finnish) are official minority languages. The Kven language, which like Meänkieli is mutually intelligible with Finnish, is spoken in the Norwegian county Troms og Finnmark by a minority group of Finnish descent. Finnish is typologically agglutinative and uses almost exclusively suffixal affixation. Nouns, adjectives, pronouns, numerals and verbs are inflected depending on their role in the sentence. Sentences are normally formed with subject–verb–object word order, although the extensive use of inflection allows them to be ordered differently. Word order variations are often reserved for differences in information structure. Finnish orth ...
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