Cooperatives of Norway


Cooperatives of Norway

Cooperatives of Norway have been created to represent the interest of either customers or suppliers. Areas with cooperatives include retailing, food manufacturing, banking and insurance. Most cooperatives are registered as BA enitities.

Contents

Retail

Coop NKL, part of Coop Norden, is the second largest retail group in Norway, and is owned by numerous local cooperative associations. Coop concentrates mainly on grocery stores, but also has other chains including furniture stores, hardware stores and electronic stores. More than one million Norwegians are member of Coop.

Felleskjøpet is an agricultural store that provides everything necessary to operate a farm, including machinery.

Supplier

The fishing and agriculture sectors dominate the supplier cooperatives. Among these are fish sales group and seven specialized food manufacturing companies, the largest being TINE and Nortura. In forestry 85% of all forestry produce is produced by the members and owners of the Norwegian Forest Owners Association, that also owns most of Moelven Industrier and parts of Norske Skog.

Insurance

The mutual insurance company exists today as a number of marine insurance companies (like Gard or Skuld) while other mutual companies have merged into one large insurance company, Gjensidige.

Banking

Savings banks, or sparebank, have been created since the 1820s. In the late 1980s these were allowed to create stocks, or grunnfondsbevis, to increase their capital. This has led to a lot of the banks being partially private and no longer cooperatives. Still, many of the smaller bank have remained as true cooperatives. Formally the banks are considered self-owning and not customer owned.


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Agricultural cooperatives in Norway — The Agricultural cooperatives in Norway (Norwegian: Landbrukssamvirket) consists of 13 companies, each organised as independent farmer owned cooperatives. They cover four different areas for the farmers: refining and sale of produce, financial… …   Wikipedia

  • Coop NKL — BA Type Cooperative Founded 1906 (1906) Headquarters …   Wikipedia

  • Tine (company) — TINE SA Type Cooperative Industry Dairy Founded 1928 Headquarters …   Wikipedia

  • Norwegian Forest Owners Association — Type Cooperative Industry Forestry Fo …   Wikipedia

  • Nortura — BA Type Cooperative Industry Meat processing Founded 2006 Headquarters …   Wikipedia

  • Gilde Norsk Kjøtt — BA Industry Red meat Fate Merger Successor Nortura Founded 1931 …   Wikipedia

  • HOFF Norske Potetindustrier — BA Type Cooperative Industry Food processing Founded 1879 Headquarters …   Wikipedia

  • Diplom-Is — AS Type Subsidiary Industry Ice cream Founded 1930 Headquarters …   Wikipedia

  • Prior Norge — BA Industry Food processing Fate Merger Successor Nortura Founded 1919 …   Wikipedia

  • Kommunal Landspensjonskasse — Type Mutual Industry Financial services Founded 1949 Headquarter …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.