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
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Famous quotes containing the word economy:
“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)
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)