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Word: aktiebolag (lookup in dictionary) (lookup stats)
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...world's oldest industrial corporation is still going strong. Where? In Sweden. In operation 73 years after King John signed the Magna Carta and more than 200 years before Columbus discovered America, Sweden's Stora Kopparberg Bergslags Aktiebolag has fueled Sweden's industrial growth over the centuries, and today is a modern diversified giant whose eye is on the future. Stora Kopparberg is Sweden's largest producer of electricity, one of the biggest manufacturers of pulpwood and newsprint (with exports to 40 nations), the largest supplier of dairy and agricultural produce, the biggest steelmaker...

Author: /time Magazine | Title: Sweden: The Oldest Corporation In the World | 3/15/1963 | See Source »

...first step came in 1903, when an Englishman named Fred Lowenadler guided the merger of six factories into the Jonkopings och Vulcans Tandstickfabriks-aktiebolag. Ten years went by before the remaining import companies were led by Ivar Kreuger into the Aktiebolaget Forenade Svenska Tandstickfabriker. These two combines functioned independently until 1917, when they agreed on a cost-saving and letter-saving merger. They became, briefly, the Svenska Tandsticksaktiebolaget. Translated literally, they became the Swedish Match...

Author: /time Magazine | Title: Business & Finance: Tandsticksaktiebolaget | 10/1/1928 | See Source »

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