*** Welcome to piglix ***

I. G. Farben

I.G. Farbenindustrie AG
Public
Industry Chemicals
Fate Liquidated
Successor AGFA Gevaert, BASF, Bayer, Sanofi
Founded December 2, 1925
Defunct 1952 (liquidation started)
31 October 2012 (liquidation accomplished)
Headquarters Frankfurt am Main

IG Farben was a German chemical and pharmaceutical industry conglomerate. Its name is taken from Interessen-Gemeinschaft Farbenindustrie AktienGesellschaft (Plc Syndicate [literally, "community of interests"] of dye-making corporations). The company was formed in 1925 from a number of major chemical companies that had been working together closely since World War I. During its heyday, IG Farben was both the largest company in Europe overall and the largest chemical and pharmaceutical company in the world.

IG Farben scientists made fundamental contributions to all areas of chemistry and the pharmaceutical industry. Notably IG Farben scientists discovered the first antibiotic, fundamentally reformed medical research and "opened a new era in medicine."Otto Bayer discovered the polyaddition for the synthesis of polyurethane in 1937. Several IG Farben scientists were awarded Nobel Prizes. Carl Bosch and Friedrich Bergius were awarded the Nobel Prize in Chemistry in 1931 "in recognition of their contributions to the invention and development of chemical high pressure methods". Gerhard Domagk was awarded the Nobel Prize in Physiology or Medicine in 1939 "for the discovery of the antibacterial effects of prontosil". Kurt Alder was awarded the Nobel Prize in Chemistry in 1950 for his "discovery and development of the diene synthesis".

Following the Nazi takeover of Germany, the company became embroiled in the Nazi regime's policies as a large government contractor. In 1951, IG Farben was split into its four largest original constituent companies, which remain some of the world's largest chemical and pharmaceutical companies. The current main successor companies are AGFA, BASF, Bayer and Sanofi.

IG Farben was founded on 9 December 1925, as a merger of the following six companies:

At the beginning of the 20th century, the German chemical industry dominated the world market for synthetic dyes. The three major firms BASF, Bayer and Hoechst produced several hundred different dyes, along with the five smaller firms Agfa, Cassella, Chemische Fabrik Kalle, Chemische Fabrik Griesheim-Elektron and Chemische Fabrik vorm. Weiler-ter Meer concentrated on high-quality specialty dyes. In 1913, these eight firms produced almost 90% of the world supply of dyestuffs and sold about 80% of their production abroad. The three major firms had also integrated upstream into the production of essential raw materials, and they began to expand into other areas of chemistry such as pharmaceuticals, photographic film, agricultural chemicals and electrochemicals. Contrary to other industries, the founders and their families had little influence on the top-level decision-making of the leading German chemical firms, which was in the hands of professional salaried managers. Because of this unique situation, the economic historian Alfred Chandler called the German dye companies "the world's first truly managerial industrial enterprises".


...
Wikipedia

...