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Acompany is alegal entity representing an association oflegal persons with a shared objective, such as generating profit or benefiting society. Depending on thejurisdiction, companies can take on various forms, includingvoluntary associations,nonprofit organizations,business entities, financial entities,banks, andeducational institutions. Companies have evolved to share common legal features, such as aseparate legal personality,limited liability,transferable shares,investor ownership, and amanagerial hierarchy. The term "company" may or may not be synonymous withcorporation,partnership, firm, orsociety. Companies are governed bycompany law, also referred to as corporate law in many regions. Incorporated companies are created throughstate registration, whereasunincorporated companies are not. When a company closes, it may undergoliquidation to settle its affairs and terminate its legal obligations. Additionally, companies may associate to formcorporate groups, which are collections of parent and subsidiary corporations. (Full article...)
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Panavision Inc. is an Americanmotion picture equipmentcompany founded in 1954 specializing incameras andlenses, based inWoodland Hills, California. Formed byRobert Gottschalk as a small partnership to createanamorphic projection lenses during thewidescreen boom in the 1950s, Panavision expanded its product lines to meet the demands of modern filmmakers. The company introduced its first products in 1954. Originally a provider ofCinemaScope accessories, the company's line of anamorphic widescreen lenses soon became the industry leader. In 1972, Panavision helped revolutionize filmmaking with the lightweightPanaflex35 mmmovie camera. The company has introduced other cameras such as the Millennium XL (1999) and the digital videoGenesis (2004).
Panavision operates exclusively as a rental facility—the company owns its entire camera inventory, unlike most of its competitors. (Full article...)
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LKAB Malmtrafik, earlierMalmtrafik i Kiruna AB (MTAB), is aSwedishrailway company which operates theiron orefreight trains on theIron Ore Line and theOfoten Line. MTAB is a wholly owned subsidiary of the mining companyLuossavaara–Kiirunavaara (LKAB). InNorway, operations are handled by the subsidiaryMalmtrafikk AS (MTAS). Malmtrafik hauls ore from LKAB's mines inKiruna,Malmberget andSvappavaara to the ports ofLuleå andNarvik, the latter located in Norway. The company owns 28Iore locomotives and 750hopper cars. Each train is 68 cars long and weighs 8,600 tonnes (8,500 long tons; 9,500 short tons), allowing the company to transport 33 million tonnes per year.
Traditionally the ore hauling had been done by theSwedish State Railways (SJ) andNorwegian State Railways (NSB). In the late 1980s, LKAB started a process to take over operations and increase efficiency by using heavier and longer trains. Because of the profitability in the operations, especially NSB was reluctant to lose the operations. In 1993, LKAB received permission to operate their own trains in Sweden, and from 1996 in Norway. MTAB and MTAS were created in 1996 when they took over the hauling formerly operated by NSB and SJ. It inheritedDm3 andEl 15 locomotives. Originally established as ajoint venture between LKAB, NSB and SJ, with the mining company as a majority owner, LKAB bought the whole company in 1999. By 2011, the renewal process will be finished, and only trains pulled by Iore will be in operation. (Full article...)

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