A company is an organization that is dedicated to the production of goods or services to satisfy the needs or desires of the population. Companies can be classified according to the type of activity they carry out: agricultural companies, industrial companies, commercial companies and service companies.
The industrial business are those that carry out the extraction of the raw material and/or transform this raw material into final products that have added value. For example: Lhe Italian firm Valentino specializes in textiles; the American firm, John Deere specializes in the production of agricultural machinery.
The final products of an industrial company can serve as inputs for other industrial activities (capital goods) or be consumed directly by the population (consumer goods).
Industrial companies have labor, technology and capital; and specialize in one or several production processes. They carry out purely industrial activities and administrative activities (distribution of resources, legal representation) and commercial activities (purchasing supplies and selling products).
Types of industrial companies
Industrial companies are usually divided into two broad categories:
- Extractive industrial companies. They are dedicated to the transformation and exploitation of natural resources, such as minerals, food, energy sources. For example: a mining company.
- Manufacturing industrial companies. They are dedicated to transforming inputs (which can be natural resources or industrial goods generated by another company) into final goods that can be used for consumption or production. For example: a food company.
Industrial companies can cover very varied areas of production, depending on the type of input they need and the nature of the product they generate throughout the industrial process. The main branches of the industry are:
- Textile industry
- Automotive industry
- arms industry
- Electrical industry
- railway industry
- Aerospace industry
- glass industry
- Metallurgical industry
- computer industry
- Steel industry
- Pharmaceutical industry
- Petrochemical industry
- Chemical industry
- Cement industry
- mechanical industry
- robotics industry
- tobacco industry
- Food industry
- cosmetic industry
- technology industry
- appliance industry
Examples of industrial companies
- Nestle. Multinational company in the food industry.
- Chevron. American oil company.
- Nissan. Japanese car company.
- Lego. Danish toy company.
- Petrobras. Brazilian oil company.
- H&M. Swedish chain of clothing stores.
- Michelin. French manufacturer of car tires.
- Colgate. Multinational company specialized in the production of elements for oral hygiene.
- IBM. American multinational technology company.
- Cargill. Company of production and distribution of agricultural supplies.
- JVC. Japanese electronic device company.
- Castrol. British company of lubricants for vehicles and industries.
- Iberdrola. Spanish energy production and distribution company.
- Gazprom. Russian gas company.
- Bayer. Drug manufacturing company.
- Whirlpool. Household appliance manufacturing company.
- Cempro. Guatemalan company specialized in the production and marketing of cement.
- British American Tobacco. Multinational tobacco company.
- MAC. Canadian cosmetics company.
- BHP Billiton. multinational mining company.