Economy
Crafts and farming have long ceased to be the main town's sources of income. Holzminden is now a largely industrial town.
In the late 19th century, Dr Wilhelm Haarmann began developing the scent and flavours industry. In 1874, with Ferdinand Tiemann, he succeeded in synthesising vanillin from coniferyl alcohol. More products were subsequently developed. The modern successor of their enterprise is the Symrise factory: Holzminden is a centre of the flavour and fragrance ingredient industry, its products being used throughout the world in cosmetic and food manufacture.
The large Stiebel Eltron company, which produces heating equipment and ovens, has its headquarters in Holzminden.
Read more about this topic: Holzminden
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)