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Körber PaperLink
Körber AG is a strategic management holding company based in Hamburg. In 2023, the group had more than 12,000 employees at more than 100 locations worldwide and generated sales of €2.9 billion. History 1946–1992 On July 14, 1946, Kurt A. Körber paved the way for the first business deals in Hamburg. On February 1, 1947, he established Hauni Maschinenfabrik Körber & Co. KG (from 1958: Hauni-Werke Körber & Co. KG). The company originally only produced machines for the tobacco industry. In 1953, it moved to a new location within Hamburg's Bergedorf district. One year later, it had more than 1,000 employees. The group's international expansion began in 1948, when Eric M. Warburg, who had been living in exile, helped Körber establish contact with American cigarette manufacturers. In 1951, Körber's machines were successful at a tobacco trade show in Amsterdam. By 1953, his company exported 80 percent of its products, and machines from Hauni plants were used in 48 cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiengesellschaft
(; abbreviated AG ) is a German language, German word for a corporation limited by Share (finance), share ownership (i.e., one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni'') and South Tyrol for companies incorporated there. In the United Kingdom, the equivalent term is public limited company, and in the United States, while the terms "Incorporation (business), incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company". Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an acting part or shares, share, and ''Gesellschaft'', meaning company or society. English translations include ''share company'', or ''company limited by shares'', or joint-stock company. In German, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lokstedt
Lokstedt () is a quarter of Hamburg, Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ... in the Eimsbüttel borough. References Quarters of Hamburg Eimsbüttel {{Hamburg-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Körber Foundation
The Körber Foundation (German: ''Körber-Stiftung'') is a nonprofit organization, established in 1959 by German businessman Kurt A. Körber. Its operational work is organised into seven subject areas: ‘Age and Demography’, ‘Education’, ‘Democracy and Cohesion’, ‘History and Politics’, ‘International Politics’, ‘Culture’ and ‘Science’. The foundation is nationally and internationally active with its own projects and events at its locations in Hamburg's Hafencity, Bergedorf and Berlin. The foundation is a corporate investment foundation: it is the sole shareholder of Körber AG, the strategic holding company of the Körber Group. It receives an annual dividend from its investment, which it uses exclusively for charitable purposes. The foundation's assets amount to around 580 million euros, of which 556 million euros is equity. Committees The foundation has an executive board, a foundation board and a board of trustees. The executive board is respons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wirtschaftswoche
''Wirtschaftswoche'' is a German weekly business news magazine published in Germany. ''Wirtschaft'' means “economy” (including business), and ''Woche'' is “week”. History and profile For many years, ''Wirtschaftswoche'' was published weekly on Thursdays, but since March 2006, this has been changed to Mondays. The editorial office is in Düsseldorf. The publisher is Verlagsgruppe Handelsblatt, which also publishes '' Handelsblatt''. The magazine provides business- and economy-related news. Its target audience is managers and business people. In November 2014 Miriam Meckel was appointed editor-in-chief of the weekly. Under the leadership of Miriam Meckel, WirtschaftsWoche has gone through a major structural as well as design relaunch with edition 20/2015. The magazine has slightly changed its logo as part of this redesign. Circulation In the period of 2001–2002, ''Wirtschaftswoche'' had a circulation of 187,000 copies. For the first quarter of 2005 the circulation o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Handelsblatt
The ''Handelsblatt'' (literally "commerce paper" in English) is a German-language business newspaper published in Düsseldorf by Handelsblatt Media Group, formerly known as Verlagsgruppe Handelsblatt. History and profile ''Handelsblatt'' was established in 1946 by journalist Herbert Gross, but after some months Friedrich Vogel (1902–1976) became publisher. In 1969, Georg von Holtzbrinck became partner of Friedrich Vogel. Since 2021, its editor-in-chief is Sebastian Matthes. Its publisher, Handelsblatt Media Group, also publishes the weekly business magazine ''Wirtschaftswoche'' of which the editor-in-chief is Beat Balzli. ''Handelsblatt'' headquarters are in Düsseldorf. Since September 2005 ''Handelsblatt'' has been offering an online lexicon called ''WirtschaftsWiki'' which features definitions of terms used in economics and politics. The database can be modified by any registered user. In September 2006 ''Handelsblatt'' ranked all economists working in Germany, Austria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price War
A price war is a form of market competition in which companies within an industry engage in aggressive pricing activity "characterized by the repeated cutting of prices below those of competitors". This leads to a cycle, where each competitor attempts to match or undercut the price of the other. Competitors are driven to follow the initial price-cut due to the downward pricing pressure, referred to as “price-cutting momentum”. While price wars can offer short-term benefits to consumers by providing them with lower prices, they can have a negative impact on the companies involved by reducing their profit margins. Moreover, the negative effects of price wars on companies can extend beyond the short term, as the companies involved may struggle to recover their lost profits and maintain their market share. Firms may be cautious when engaging in price wars as this competition can lead to prices that are unsustainable for long-term profitability. Definition The repeated cutting of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic goods, good, usually a resource, that specifically has full or substantial fungibility: that is, the Market (economics), market treats instances of the good as equivalent or nearly so with no regard to who Production (economics), produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot market, spot and derivative (finance), derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand, brand name) other than price. Most commodities are raw materials, basic resources, agriculture, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange Rates
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. The exchange rate is also regarded as the value of one country's currency in relation to another currency. For example, an interbank exchange rate of 141 Japanese yen to the United States dollar means that ¥141 will be exchanged for or that will be exchanged for ¥141. In this case it is said that the price of a dollar in relation to yen is ¥141, or equivalently that the price of a yen in relation to dollars is $1/141. Each country determines the exchange rate regime that will apply to its currency. For example, a currency may be floating, pegged (fixed), or a hybrid. Governments can impose certain limits and controls on exchange rates. Countries can also have a strong or weak currency. There is no agreement in the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Restructuring
Restructuring or Reframing is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring. Executives involved in restructuring often hire financial and legal advisors to assist in the transaction's details and negotiations. It may also be done by a newly-hired CEO specifically to make the difficult and controversial decisions, required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations. The basic nature of restr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" ( ). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Bizone, Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ellwangen
Ellwangen an der Jagst, officially Ellwangen (Jagst), in common use simply Ellwangen () is a town in the district of Ostalbkreis in the east of Baden-Württemberg in southern Germany. It is situated about north of Aalen. Ellwangen has 25,000 inhabitants. Geography Ellwangen is situated in the valley of the river Jagst, between the foothills of the Swabian Alb and Virngrund (ancient Virgundia) forest, the latter being part of the Swabian-Franconian Forest. The Jagst runs through Ellwangen from south to north. History The town developed in the 7th century as an Alamanni, Alemannic settlement in the Virgunna forest next to the Franconian-Swabian border. In 764 the Frankish noble Hariolf, Bishop of Langres, founded a Rule of St. Benedict, Benedictine monastery, Ellwangen Abbey, on a hill next to the settlement. The monastery was mentioned in a document of Louis the Pious as ''Elehenuuwang'' in 814. It became a ''Reichsabtei'' in 817. From 870 to 873 the Byzantine Greeks, Byzantine G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Helmut Schmidt
Helmut Heinrich Waldemar Schmidt (; 23 December 1918 – 10 November 2015) was a German politician and member of the Social Democratic Party of Germany (SPD), who served as the chancellor of West Germany from 1974 to 1982. He was the longest lived chancellor in German history and had the longest post-chancellorship, at over 33 years. Before becoming chancellor, he served as the minister of defence (1969–1972) and the minister of finance (1972–1974) in the government of Willy Brandt. In the latter role he gained credit for his financial policies. He had also briefly been minister of economics and acting foreign minister. As chancellor, he focused on international affairs, seeking "political unification of Europe in partnership with the United States". He was an energetic diplomat who sought European co-operation and international economic co-ordination. He was re-elected chancellor in 1976 and 1980, but his coalition fell apart in 1982 with the switch by his coalition all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
