Omv Group Of Companies
I. Introduction = OMV Group of companies=
A. Objective of paper objective of this project is to let the reader with a global overview abt a.m. company , economic and industrial environment of the company and understanding of 2005-206 financial statements of the company.
II. Firm , Industry and Environment
A. Description of firm and it's management
With group sales of EUR 18.97 billion in 2006, 40,993 employees and a market capitalization of currently around EUR 14 billion, the OMV Aktiengesellschaft is the biggest listed industrial company in Austria and Central Europe's leading oil and gas corporation.
What begun in Austria in 1956 as a state owned company has developed into the most successful industrial corporation in Austria and an international flagship. Today OMV is economically stronger than ever before. The best result in the history of the corporation was achieved in the 2005 financial year. Numerous milestones have been passed on this route to success - go with us on a journey through time!
1956: Founding of the Österreichischen Mineralölverwaltung Aktiengesellschaft
1960: The Schwechat refinery is taken into operation
1965: Entry into mineral oil sales with Martha and ÖROP (later ELAN)
1968: First natural gas supply contract with the former USSR
1970: The Adria-Wien Pipeline is taken into operation
1974: Trans-Austria Gas Pipeline is taken into operation
1980: West-Austria Gas Pipeline is taken into operation
1984: First lead-free gasoline in Austria
1985: First international E&P operations in Libya
1987: Acquisition of the Burghausen refinery
First step taken towards privatization: 15% of capital stock
1989: Take-over of PCD Polymere GmbH
Privatization of further 10% of ÖMV's capital stock
1990: Acquisition of CHEMIE LINZ Group; the first ÖMV filling station opens
1991: Commencement of...
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