First Pest spodium and hay factory ltd
The Pesti First Spodium and Bone Meal Factory Ltd. was founded in Budapest in 1868. The purpose of the factory was the production of spodium, also known as bone meal, which was widely used at that time in a wide range of applications from fertilizers to the production of medical raw materials. The company's president was Adolf Machlup, its general manager was A. Löwy, and its board of directors consisted of Rudolf Herczog, J. S. Oppenheim, Hermann Neuwelt, H. Rechnitz, Ignác Pfeiffer, F. Hirschler, Károly Diamant and Vilmos Müller. The company mainly sourced animal bone remains from Eastern Europe and at home, which it sold at home and abroad. In the early years, the company's profits averaged 20-25 thousand forints.
The company first experienced difficulties in 1884. By this time, the supply of raw materials had become difficult and new chemical processes and inventions had made the plant obsolete and quickly unprofitable. In vain the plant tried to revive its technology, but they sank into a prolonged recession, until in 1891 they reduced their share capital to 120 000 forints, and in 1892 they increased it to 300 000 forints by issuing new shares.
In 1893, however, the new shareholders brought not only capital but also knowledge to the company and took over its management. Sándor Bujánovics became the new chairman and Béla Bedő the new managing director. The board of directors was made up of József Deutsch, Antal Deutsch, Vilmos Müller and Ignác Pfeiffer, so that half of the board was made up of new investors and half of old investors. At the same time, the company was clearly in the interest of the Deutsch family, as is shown by the fact that the company's finances were transferred to the Hungarian National Central Savings Bank (MOKTÁR), which was under their influence.
The capital increase was accompanied by the change of the company's name to First Pesti Spodium, Fertilizer, Fertilizer and Chemical Products Factory Ltd. and financial stabilization, which resulted in a positive balance sheet in 1894 with a profit of 267 forints, which soon became an average profit of 40-50 000 forints in the following years. At the same time, the company modernised not only in name but also in technology and equipment. At that time, 30 skilled workers and 90 day labourers worked at the plant, which had 150 horsepower machines. The plant itself exported to the East, America, Spain, Germany and England. Production capacity had increased to 89,000 m³ per year.
In a decade, however, US production has caught up with European production. To compensate for this, the Aktiengesellschaft für Chemische Industrie was founded in Vienna in 1903, merging the 19 flour factories in the western half of the empire. Hungarian industry caught up with it when the capital of Erste Pesti was increased to 3 600 000 Koruna, enabling it to buy up the five domestic enyme factories. Of the companies acquired, the Timisoara and Bratislava plants were closed down, while the Budapest plant was strengthened, and the Fiume and Lipótszentmiklós plants were strengthened.
Centralisation, however, failed to alleviate the competition, which caused the company to incur heavy losses during this decade, and in 1912 the share capital had to be reduced to 2 160 000 crowns. After the war, the company was able to acquire other plants, such as the joint stock company for the sale of leather and tallow, the joint stock company for the Pannonia leather factory, the joint stock company for the Pannonia czip factory, the joint stock company for the trading of raw materials 'Taurus' and the joint stock company for the Albumin blood processing factory, In addition to these, he founded the First Rhenish Spodium and Pollen Factory Ltd, the N.V. Hollandsch-Oost Europeesche Handels-Maatschappij in Rotterdam and its branches in Budapest and Vienna, and the Societa Anonima Romana pentru Industrii Chiemica Bucharest in Marasesti and its office in Cluj-Napoca.
The company was consolidated in 1926 with a share capital of 1 600 000 pence, the new president was Sándor Flessig, the vice-president was Dr. Artúr Károly Szilágyi. The company's CEO was Sándor Deutsch, and the members of the board of directors were Dr. Aurél Dobay, Dr. László Fejér, Dr. István Görgey, Henrik Kálmán, Dr. Oszkár Kemenesi, Pál Magyar, Dr. Jenő Márkus and Dr. Béla Rezső Zichy.
The company was finally merged into Hungária Műtr fertiliser, sulphuric acid and chemical industry Rt on 25 May 1928.
Date of foundation: 1868
Date of cessation: 1928
Founders are not set
Determinant drivers are not set
Main activity: production of bone meal and gluten meal
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
Date of foundation: 1868
Founders are not set
Determinant drivers are not set
Main activity: production of bone meal and gluten meal
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
First Pest spodium and hay factory ltd
The Pesti First Spodium and Bone Meal Factory Ltd. was founded in Budapest in 1868. The purpose of the factory was the production of spodium, also known as bone meal, which was widely used at that time in a wide range of applications from fertilizers to the production of medical raw materials. The company's president was Adolf Machlup, its general manager was A. Löwy, and its board of directors consisted of Rudolf Herczog, J. S. Oppenheim, Hermann Neuwelt, H. Rechnitz, Ignác Pfeiffer, F. Hirschler, Károly Diamant and Vilmos Müller. The company mainly sourced animal bone remains from Eastern Europe and at home, which it sold at home and abroad. In the early years, the company's profits averaged 20-25 thousand forints.
The company first experienced difficulties in 1884. By this time, the supply of raw materials had become difficult and new chemical processes and inventions had made the plant obsolete and quickly unprofitable. In vain the plant tried to revive its technology, but they sank into a prolonged recession, until in 1891 they reduced their share capital to 120 000 forints, and in 1892 they increased it to 300 000 forints by issuing new shares.
In 1893, however, the new shareholders brought not only capital but also knowledge to the company and took over its management. Sándor Bujánovics became the new chairman and Béla Bedő the new managing director. The board of directors was made up of József Deutsch, Antal Deutsch, Vilmos Müller and Ignác Pfeiffer, so that half of the board was made up of new investors and half of old investors. At the same time, the company was clearly in the interest of the Deutsch family, as is shown by the fact that the company's finances were transferred to the Hungarian National Central Savings Bank (MOKTÁR), which was under their influence.
The capital increase was accompanied by the change of the company's name to First Pesti Spodium, Fertilizer, Fertilizer and Chemical Products Factory Ltd. and financial stabilization, which resulted in a positive balance sheet in 1894 with a profit of 267 forints, which soon became an average profit of 40-50 000 forints in the following years. At the same time, the company modernised not only in name but also in technology and equipment. At that time, 30 skilled workers and 90 day labourers worked at the plant, which had 150 horsepower machines. The plant itself exported to the East, America, Spain, Germany and England. Production capacity had increased to 89,000 m³ per year.
In a decade, however, US production has caught up with European production. To compensate for this, the Aktiengesellschaft für Chemische Industrie was founded in Vienna in 1903, merging the 19 flour factories in the western half of the empire. Hungarian industry caught up with it when the capital of Erste Pesti was increased to 3 600 000 Koruna, enabling it to buy up the five domestic enyme factories. Of the companies acquired, the Timisoara and Bratislava plants were closed down, while the Budapest plant was strengthened, and the Fiume and Lipótszentmiklós plants were strengthened.
Centralisation, however, failed to alleviate the competition, which caused the company to incur heavy losses during this decade, and in 1912 the share capital had to be reduced to 2 160 000 crowns. After the war, the company was able to acquire other plants, such as the joint stock company for the sale of leather and tallow, the joint stock company for the Pannonia leather factory, the joint stock company for the Pannonia czip factory, the joint stock company for the trading of raw materials 'Taurus' and the joint stock company for the Albumin blood processing factory, In addition to these, he founded the First Rhenish Spodium and Pollen Factory Ltd, the N.V. Hollandsch-Oost Europeesche Handels-Maatschappij in Rotterdam and its branches in Budapest and Vienna, and the Societa Anonima Romana pentru Industrii Chiemica Bucharest in Marasesti and its office in Cluj-Napoca.
The company was consolidated in 1926 with a share capital of 1 600 000 pence, the new president was Sándor Flessig, the vice-president was Dr. Artúr Károly Szilágyi. The company's CEO was Sándor Deutsch, and the members of the board of directors were Dr. Aurél Dobay, Dr. László Fejér, Dr. István Görgey, Henrik Kálmán, Dr. Oszkár Kemenesi, Pál Magyar, Dr. Jenő Márkus and Dr. Béla Rezső Zichy.
The company was finally merged into Hungária Műtr fertiliser, sulphuric acid and chemical industry Rt on 25 May 1928.