Brassó cellulose factory ltd
The Brasov Cellulose Factory Joint Stock Company was founded in 1889. In the first decades it was a subsidiary of the Hungarian General Credit Bank. In the 1920s, it took an interest in the management of several other factories. The world economic crisis had a significant impact on the operation of the joint-stock company: it sold almost all its interests in the 1930s, as prices fell due to overproduction and export opportunities became more limited.
The Brasov Cellulose Factory Joint Stock Company was founded in 1889. For many years, its president was Ede Pallavicini, who was a member of the Hungarian State Credit Bank.
The first and second decades of the century saw significant developments. In 1903 it absorbed the Turócszentmárton Cellulose Factory. In 1916, it bought all the shares of the Braila Cellulose Factory.
In addition to the pulp mill in Brasov, the joint stock company had other interests. On the one hand, it established an interest in Bucharest in 1922 in connection with the nationalisation of its pulp mill in Zernieş, and on the other hand, in 1924, when the Turócszentmárton pulp mill was nationalised.
The 1930s brought a change in the life of the limited company. In the 1930s, the pulp mills in Zernesti and Turócszentmárton were working for export, but the extreme drop in pulp prices meant that the possibility of exporting was no longer available. However, it was unable to compete with its competitors on the export market, while the price drop linked to overproduction could not be compensated by the management without reducing production costs. While the Zerniest plant was in a relatively favourable position thanks to its neighbouring market, the overproduction forced the closure of the Turócszentmárton plant in 1932. The latter was put back into operation in early 1934, but the situation remained unchanged and it was closed down again. The Vágvölgyi Papírgyár Részvénytársaság (Vágvölgy Paper Mill Joint Stock Company) was part of the mill, but was liquidated in 1933. The Turócszentmárton plant was finally sold in 1936. However, this was certainly helped by the previous fire at the Turócszentmárton plant, which completely destroyed the pulp warehouse and the wood and oil stocks, causing damage amounting to 500,000 crowns. The newspaper Közgazdasági Szemle reported at the beginning of the year that the joint-stock company intended to sell the factory and use the proceeds to settle its financial difficulties. In 1937, the joint-stock company also sold its sugar factory in Zernesti, which was bought by the Romanian Minister of Transport. The positive change in the share price of the joint stock company during these years is evidence of the financial situation.
In December 1939, three boilers exploded in the factory, which was already under Romanian control, causing thousands of litres of chlorine to leak into the factory and the surrounding village. The material damage was estimated at several million leva. In addition to the large number of victims (64 people, including the two directors and a number of officials), the problem was compounded by the formation of chlorine gas as a result of the accident. Consequently, several civilians suffered from gas poisoning.
Sources
BME Honi Ipar 1891-1944.
Compass 1921-1944.
Great Hungarian Compass 1891-1920.
Press material 1891-1944.
Founded in 1889
Termination time not set
Founders: Hungarian General Credit Bank
Securities issued:
| Brassó cellulose factory ltd |
Decisive leaders:
1890-1913 | Major Ede Pallavicini |
1914 | Adolf Ullmann from Baranya |
1915-1941 | Dr. Domonyi Domony Móric |
1942-1944 | Rudolf Kállay |
Main activity: pulp production
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: Róbert Szabó
Founded in 1889
Founders: Hungarian General Credit Bank
Decisive leaders:
1890-1913 | Major Ede Pallavicini |
1914 | Adolf Ullmann from Baranya |
1915-1941 | Dr. Domonyi Domony Móric |
1942-1944 | Rudolf Kállay |
Main activity: pulp production
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: Róbert Szabó
Brassó cellulose factory ltd
The Brasov Cellulose Factory Joint Stock Company was founded in 1889. In the first decades it was a subsidiary of the Hungarian General Credit Bank. In the 1920s, it took an interest in the management of several other factories. The world economic crisis had a significant impact on the operation of the joint-stock company: it sold almost all its interests in the 1930s, as prices fell due to overproduction and export opportunities became more limited.
The Brasov Cellulose Factory Joint Stock Company was founded in 1889. For many years, its president was Ede Pallavicini, who was a member of the Hungarian State Credit Bank.
The first and second decades of the century saw significant developments. In 1903 it absorbed the Turócszentmárton Cellulose Factory. In 1916, it bought all the shares of the Braila Cellulose Factory.
In addition to the pulp mill in Brasov, the joint stock company had other interests. On the one hand, it established an interest in Bucharest in 1922 in connection with the nationalisation of its pulp mill in Zernieş, and on the other hand, in 1924, when the Turócszentmárton pulp mill was nationalised.
The 1930s brought a change in the life of the limited company. In the 1930s, the pulp mills in Zernesti and Turócszentmárton were working for export, but the extreme drop in pulp prices meant that the possibility of exporting was no longer available. However, it was unable to compete with its competitors on the export market, while the price drop linked to overproduction could not be compensated by the management without reducing production costs. While the Zerniest plant was in a relatively favourable position thanks to its neighbouring market, the overproduction forced the closure of the Turócszentmárton plant in 1932. The latter was put back into operation in early 1934, but the situation remained unchanged and it was closed down again. The Vágvölgyi Papírgyár Részvénytársaság (Vágvölgy Paper Mill Joint Stock Company) was part of the mill, but was liquidated in 1933. The Turócszentmárton plant was finally sold in 1936. However, this was certainly helped by the previous fire at the Turócszentmárton plant, which completely destroyed the pulp warehouse and the wood and oil stocks, causing damage amounting to 500,000 crowns. The newspaper Közgazdasági Szemle reported at the beginning of the year that the joint-stock company intended to sell the factory and use the proceeds to settle its financial difficulties. In 1937, the joint-stock company also sold its sugar factory in Zernesti, which was bought by the Romanian Minister of Transport. The positive change in the share price of the joint stock company during these years is evidence of the financial situation.
In December 1939, three boilers exploded in the factory, which was already under Romanian control, causing thousands of litres of chlorine to leak into the factory and the surrounding village. The material damage was estimated at several million leva. In addition to the large number of victims (64 people, including the two directors and a number of officials), the problem was compounded by the formation of chlorine gas as a result of the accident. Consequently, several civilians suffered from gas poisoning.
Sources
BME Honi Ipar 1891-1944.
Compass 1921-1944.
Great Hungarian Compass 1891-1920.
Press material 1891-1944.