Ulm - Economy

Economy

The city has very old trading traditions dating from medieval times and a long history of industrialisation, beginning with the establishment of a railway station in 1850. The most important sector is still classical industry (machinery, especially motor vehicles; electronics; pharmaceuticals). The establishment of the University of Ulm, is regarded as one of the best research universities in Germany and the world. The university focuses on biomedicine, the sciences, and engineering. The establishment also helped support the transition to high-tech industry, especially after the crisis of classical industries in the 1980s.

Companies with headquarters in Ulm include:

  • Ebner & Spiegel GmbH (book printing)
  • Gardena AG (gardening tools)
  • J. G. Anschütz (firearms for sports and hunting)
  • Müller Ltd. & Co. KG (major German trade company)
  • Ratiopharm (pharmaceuticals)
  • Carl Walther GmbH (fire arms, especially pistols)
  • Wieland-Werke AG (non-ferrous semi-finished products)
  • Britax Roemer Kindersicherheit GmbH (Child safety products)
  • Iveco Magirus AG

Companies with important plants in Ulm include:

  • Daimler: Daimler Forschungszentrum (research centre) and EvoBus (production of buses)
  • EADS, European Aeronautic Defence and Space Company
  • Nokia (telecommunication, research centre)
  • Nuance Communications Speech Recognition (research departments)
  • Siemens AG
  • Nokia Siemens Networks
  • Deutsche Telekom AG
  • Atmel
  • Intel
  • AEG

Read more about this topic:  Ulm

Famous quotes containing the word economy:

    “Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
    —Alexander Herzen (1812–1870)

    “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)

    “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)