Timex Group USA, Inc.
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Timex Group USA, Inc.
Timex Group USA, Inc. (formerly known as Timex Corporation) is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into Timex Corporation. In 2008, the company was acquired by Timex Group B.V. and was renamed Timex Group USA. Thomas Olsen purchased the Waterbury Clock Company in New York in 1941 and renamed it ''Timex'', a portmanteau of the names of ''Time'' magazine and Kleenex. History Waterbury Clock Company (1854–1944) Brass manufacturer Benedict & Burnham created Waterbury Clock Company in 1854 to manufacture clocks using brass wheels and gears. Waterbury Clock Company was legally incorporated on March 27, 1857, as an independent business with $60,000 in capital. The American clock industry was producing millions of clocks with scores of companies located in Connecticut's Naugatuck River Valley, earning the region the nickname "Switzerland ...
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World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ...
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ETA SA
ETA SA Manufacture Horlogère Suisse (ETA SA Swiss Watch Manufacturer) designs and manufactures quartz watches and both hand-wound and automatic-winding mechanical and movements. Commonly referred to as ETA, the company is headquartered in Grenchen, Switzerland, and is a wholly owned subsidiary of The Swatch Group. Though ETA was founded by Eterna in 1856 some part of its production line can be traced back to the 1793 founding of Fabriques d’Horlogerie de Fontainemelon (FHF) by David Benguerel, Isaac Benguerel, François Humbert-Droz and Julien Humbert-Droz. Through a series of mergers, ETA has become the largest manufacturer of Swiss watch movements and controls a virtual monopoly over their production and supply. ETA has undergone several Swiss government investigations due to its market position. To resolve the concerns of Swiss government regulators, ETA has entered into an agreement that governs certain business practices. Description ETA designs and manufactures mecha ...
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DUROWE
STOWA is a German luxury watchmaker founded by Walter Storz in 1927, and is based in Engelsbrand, Germany. The name is a portmanteau of the founder's name, Storz Walter. From 1996 until 2021, STOWA was owned by Jörg Schauer, who also owns the Schauer watch brand and the DUROWE watch movement brand. July 1, 2021, Stowa became part of Tempus Arte GmbH & Co. KG, which also owns Uhrenmanufaktur Lang & Heyne Dresden, UhrenWerke-Dresden (UWD), as well as the Munich-based company Leinfelder Uhren München. Timeline 1927: Founding of STOWA by Walter Storz in Hornberg/Kinzigtal, Germany. The name derives from "STO," for Storz and "WA," for Walter. 1935: Moved to a new rented building in Pforzheim, Germany. 1938: Construction of STOWA owned building at Bismarckstraße 54 in Pforzheim, Germany. 1938: Presentation of Bauhaus watches (on which today's Antea line is based). 1938: AbwehrZeitArbeit ausf.b developed to manufacture timepieces for the military. 1939: Production launch of ...
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Pforzheim
Pforzheim () is a List of cities and towns in Germany, city of over 125,000 inhabitants in the federal state of Baden-Württemberg, in the southwest of Germany. It is known for its jewelry and watch-making industry, and as such has gained the nickname "Goldstadt" ("Golden City"). With an area of , it is situated about halfway between the cities of Stuttgart and Karlsruhe at the confluence of three rivers (Enz, Nagold (river), Nagold and Würm (Nagold), Würm). It marks the frontier between Baden and Württemberg, being located on Baden territory. From 1535 to 1565, it was the home to the Margraviate of Baden-Durlach, Margraves of Baden-Durlach. The City of Pforzheim is a ''Districts of Germany, Stadtkreis'', meaning it is both a Municipalities of Germany, municipality and a Districts of Germany, district at the same time. Also, it hosts the administrative offices of the Enz (district), Enz district that surrounds the city. During World War II, Pforzheim was bombed by the Allie ...
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Laco Uhrenmanufaktur
Laco Uhrenmanufaktur GmbH (or Lacher & Co) is a German watch manufacturer, founded in 1925 in Pforzheim by Frieda Lacher and Ludwig Hummel under the name Lacher & Co. History The company name derives from the surname Lacher and the abbreviation Co. At the company’s time of establishment in the mid 1920s, many other watch manufacturers in Pforzheim used almost exclusively Swiss movements. These movements were delivered either completely or in parts. Factory workers in the companies assembled the individual parts. In this way, they could save the customs duties. Although the company had started successfully, after several years, the founders decided to go their separate ways. Hummel (*26 July 1889) stayed in the original company, the watch factory Laco, whereas Frieda Lacher joined the precision parts production for wristwatches. In 1936, Erich Lacher, Frieda Lacher’s son, had joined her business branch and finally assumed the management. For this reason, the company was re ...
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Korean War
The Korean War (25 June 1950 – 27 July 1953) was an armed conflict on the Korean Peninsula fought between North Korea (Democratic People's Republic of Korea; DPRK) and South Korea (Republic of Korea; ROK) and their allies. North Korea was supported by China and the Soviet Union, while South Korea was supported by the United Nations Command (UNC) led by the United States. The conflict was one of the first major proxy wars of the Cold War. Fighting ended in 1953 with an armistice but no peace treaty, leading to the ongoing Korean conflict. After the end of World War II in 1945, Korea, which had been a Korea under Japanese rule, Japanese colony for 35 years, was Division of Korea, divided by the Soviet Union and the United States into two occupation zones at the 38th parallel north, 38th parallel, with plans for a future independent state. Due to political disagreements and influence from their backers, the zones formed their governments in 1948. North Korea was led by Kim Il S ...
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Army-Navy "E" Award
The Army-Navy "E" Award was an honor presented to companies and organizations during World War II whose production facilities achieved "Excellence in Production" ("E") of war equipment. The award was also known as the Army-Navy Production Award. The award was created to encourage industrial mobilization and production of war time materials. By war's end, the award had been earned by only 5% of the more than 85,000 companies involved in producing materials for the U.S. military's war effort. History An earlier award, the Navy "E" Award, had been created in 1906 during Theodore Roosevelt's administration.Fuller, George Newman. ''Michigan History.'' Michigan Historical Commission, Lewis Beeson, Michigan State Historical Society, page 22 By the end of World War I, the Navy "E" Award had been joined by the Army "A" Award and the Army-Navy Munitions Board "Star". These three separate awards continued until seven months after the attack on Pearl Harbor had pulled the United Sta ...
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Joakim Lehmkuhl
Joakim Lehmkuhl (22 September 1895 – 15 October 1984) was a Norwegian engineer, industrialist and politician. Lehmkuhl was born in Bergen to former Minister of Labour Kristofer Lehmkuhl, and Magdalene Marie Michelsen, sister to Christian Michelsen, Norway's first independent Prime Minister. He took the initiative to form the Fatherland League (Norway), Fatherland League in 1925, and chaired the organization until 1939. He was simultaneously chairman of the board of the newspaper ''Tidens Tegn'' from 1936, until 1940 when he fled to the United States. He became co-owner of the company Timex Group USA, Timex Corporation, and was CEO and chairman until 1974. He died in Nassau, Bahamas in 1984. References

1895 births 1984 deaths Businesspeople from Bergen 20th-century Norwegian businesspeople Norwegian expatriates in the United States Fatherland League (Norway) {{Norway-politician-stub ...
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