VEREINIGTE GLANZSTOFF-FABRIKEN A.G., a German Company, was established at Elberfeld in the year 1899. The object of the Company is activity in the chemical and textile industry territory, and it deals chiefly with the manufacture of artificial silk. The Company used, at the beginning, for the manufacture of its artificial silk the copper-oxide-ammonia proc ess. In later times, however, it has transferred the greater part of the work to the viscose process. The Company owns valuable patents concerning the manufacture of artificial silk, and its processes also find application in numerous similar undertakings which the Company has established in various countries, and in which it has obtained an influence by the purchase of blocks of shares. The Company's capital, which amounted at foundation to
M.2,000,060, has now increased to M.76,500,000, of which M.75,000,000 represent ordinary shares and M.1,500,000, preference shares. The Company's artificial silk production, which has developed in the last 3o years from small beginnings, amounts in the German works belonging to the Company, employ ing 15,000 workers, to about 9,000,00o kilos yearly. (F. BO