Zeta-Imperial Chemicals or for short Zeta-ImpChem or Z-IC, headquartered in Interlaken, Switzerland, is the second-largest European corporation, just behind Saeder-Krupp. The two corporations actually directly compete for the leading position in the chemical industry (the third rank is occupied by the AG Chemie Europa consortium, a partnership including subsidiaries of both Z-IC and S-K). Z-IC also possess significant holdings in medical services, microelectronics and food. Major subsidiaries include Alxon Pharma, EuroMedis, Hoechst-Aventis, Monomed, Natal, and (most recently) Nestlé.