NORD / LB
NORD/LB - one of the Largest German Banks
With 5,500 employees and a corporate balance sheet total of 238.9 billion Euro (30/06/2008) the NORD/LB Norddeutsche Landesbank Girozentrale is the leading commercial bank in the north of Germany and has its business focus on North and Northeast Europe.
www.nordlb.de
On a Large Scale and on a Small Scale
Volkswagen, TUI, Continental, Rossmann and many other corporations that enjoy a worldwide reputation are based in Niedersachsen. Along with traditional industry sectors such as shipbuilding and the food-processing industry there are major services and biotechnology enterprises.
Niedersachsen is the home of approx. 290,000 businesses. 99.8 percent of these are small and medium-sized enterprises which also represent success abroad.
| LARGEST BUSINESSES HEADQUARTERED IN NIEDERSACHSEN | |||
| Name | Location | Industry | Employees worldwide |
| Volkswagen AG | Wolfsburg | Automotive | 322.070 |
| TUI AG | Hanover | Conglomerate | 69.550 |
| Continental AG | Hanover | Automotive supplier | 66.970 |
| Piepenbrock | Osnabrück | Services | 21.443 |
| Salzgitter AG | Salzgitter | Commodities | 17.664 |
| Ihr Platz Gruppe | Osnabrück | Retail | 9.856 |
| NORD/LB | Hanover | Banking | 8.237 |
| KM Europa Metal AG | Hanover | Copper processing | 7.891 |
| Varta AG (Johnson Controls) | Hanover | Batteries | 7.723 |
| Lemförder Fahrzeugtechnik AG & Co. KG | Lemförde | Automotive supplier | 7.297 |
| Dirk Rossmann | Hanover | Retail | 6.861 |
| Georgsmarienhütte Holding GmbH | Georgsmarienhütte | Iron and steel | 6.012 |
The 100 largest companies in Niedersachsen (analyses and comments by Nord/LB November 2009)
The small and medium-sized enterprises in Niedersachsen, employing less than 500 people, are often very innovative. They are the economy's driving force and determine the economic structure of the state.
Approx. 57 percent of all employees work in companies with a total of less than 500 employees. The other 43 percent work in one of approx. 150 large-scale enterprises. Statistics show that small and medium-sized enterprises generate about 45 percent of the total revenue earned by Niedersachsen-based companies.
