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Mannesmann

Headquarters: Diisseldorf, Germany

Employees worldwide: 116,247

Annual sales 1998: DM 37.3 billion (EUR 19 billion)

Mannesmann core business sectors and percentage of total sales

1890 - Foundation of steel tube business in Berlin by Max and Reinhard Mannesmann

1893 - Headquarters move to Dusseldorf

1893—1952 - Acquisition of companies related to steel tube manufacturing

1952-55 - Establish steel and tube mills in Brazil, Canada and Turkey

1987-88 - Acquisition of Fichtel & Sachs AG, an automotive technology firm

1989 - Foundation of Mannesmann Mobilfunk GmbH, a cellular phone company

1990 - Establish first private communications network D2 in Germany

1999 - Dr Klaus Esser becomes Chairman

Exercise 26. Write a company profile for TESCO using the notes below.

Name of company: Tesco plc

Established: 1924

Headquarters: Cheshunt, near London, UK

Chaiman: John Gardiner

Business activities:

Superstores and hypermarkets – food, toys, clothes

Personal finance – banking, credit cards, loans, insurance

E-commerce – home shopping, books online

Internet service provider

Main markets: UK, Ireland, France, Czech Republic, Hungary, Poland, Slovakia, South Korea, Thailand (plans for Malaysia and Taiwan)

1999 sales: 18,5bn

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