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:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)