1929 | The company navigates through the world economic crisis while Germany still struggles to recover from its incredible debt following the war. |
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1933 | When the Nazis seize power, the company is forced to delete the name “Simon” from its company title for this time period due to Simon’s Jewish heritage. |
1940 | SECO helps managing director Heinrich Steinfeld when he is forced to emigrate to the United States because of his Jewish background. |
1945 | The Leybold building in Tokyo is destroyed by Allied bombs. SECO’s trading activities come to a virtual stand still at the end of war. |
1946 | The company is dispossessed of its assets in Japan. German staff of SECO and Leybold are forced to leave the country |
1948 | Thanks to the currency reform and the German upswing, SECO can slowly resume trading with various Asian countries from its German base. |