Economy
Although BASF is by far the most important industrial company in Ludwigshafen, there are many other firms. Trade and industry in Ludwigshafen have about 90,000 employees in total, with an annual total turnover of nearly 17 billion euros.
BASF is the world's leading chemical company, employing 80,000 people at all and about 35,000 (a few years ago, the employee total was about 55,000) of them in the Ludwigshafen plant, which is also the largest chemical plant in the world. The company's main products are fertilizers, dye, coolants and many other chemical substances.. Among the other chemical companies with plants in Ludwigshafen rank BK Giulini, Abbott, Raschig and Benckiser. Other important branches of industry are mechanical engineering, electrical engineering, IT and brewery (Mayerbräu Oggersheim).
Read more about this topic: Ludwigshafen
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)