Hungarian metal and lamp manufacturer ltd
The Testory Metal and Lamp Factory Ltd. was founded in 1883 at 8 Dorottya Street in Budapest with a share capital of HUF 150 000. Dr. Károly Herich became the company's president, Vilmos Müller, Leo Pauer from Budahegy and Gusztáv Emich its directors. They closed their first full business year with a modest profit of HUF 886 and a turnover of HUF 23 474.
The company produced a wide range of products. For example, they were involved in the manufacture of lighting equipment, i.e. railway lamps and lanterns, all kinds of commercial metalware in iron, brass, galvanised, tin, bronze, gilding, etc., chandeliers, wall and table lamps, mining lamps, light bulbs, etc., but also bath tubs, wash basins, boxes, etc. They had a model warehouse at 18 Erzsébet-tér in Budapest.
According to the 1885 Annual Report, Count Jenő Zichy, as a shareholder, expressed the opinion that the company should have raised much more capital at the start-up to be able to operate at a higher production level, as the company was already forced to take out loans to cover the increase in production.
In 1886, the share capital was increased by 300 000 HUF, which was mainly provided by the Hungarian General Credit Bank and its subsidiary, the Fiume Oil Refinery Ltd., so the company was transformed, its new name became Hungarian Metal and Lamp Factory Ltd., and the board of directors was composed of the bank's officials, so the composition of the board was as follows: major Ede Pallavicini, Dr. Sándor Lederer, Zsigmond Mauthner, Imre Németh, Adolf Ullmann.
After that the company was in a position to receive exclusive government orders, for example in 1887 the Ministry of Finance ordered the new stills for the new Spirits Tax Act, which were then purchased from them by the spirit producers. As a result, profits rose from 4 267 forints in 1887 to 40 819 forints in 1888. However, this situation did not last and the company barely managed to make a minimum profit of a few hundred thousand forints in the following years and decades, but from 1899 onwards, but more with the introduction of the koruna, it was able to achieve a six-figure profit - with a nominal increase - which reached K 300 000 per annum from 1907.
This came back to the company in the post-war hyperinflation, so in 1925-1926 the company made a profit of 328,000 and 385,000 pence respectively, which was eroded by the Great Depression. The Győrffy-Wolf metal goods factory in Pesterzsébet was absorbed into the company during the crisis, but by 1932 the company had still accumulated a loss of nearly one million pence. As a solution, the Hungarian General Credit Bank, as the owner, merged the Hungarian Metal and Lamp Factory Ltd. into the Weapon and Machine Factory Ltd. on 15 November 1935. It is interesting to note, however, that with the nationalisation after the Second World War, the product profile of the Lamp Factory was again strengthened in the merged company, which was then grouped into a new National Company, while from the 1950s the company also switched to the production of gas convectors under the name LAMPART.
Founded in 1883
Date of cessation: 1935
Founders are not set
Securities issued:
| Hungarian metal and lamp manufacturer ltd |
Decisive leaders:
1883-1913 | Dr. Károly Herich |
1914-1927 | József Lukács from Szeged |
1929-1935 | Dr. Tibor Scitovszky |
Main activity not set
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
Founded in 1883
Founders are not set
Decisive leaders:
1883-1913 | Dr. Károly Herich |
1914-1927 | József Lukács from Szeged |
1929-1935 | Dr. Tibor Scitovszky |
Main activity not set
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
Hungarian metal and lamp manufacturer ltd
The Testory Metal and Lamp Factory Ltd. was founded in 1883 at 8 Dorottya Street in Budapest with a share capital of HUF 150 000. Dr. Károly Herich became the company's president, Vilmos Müller, Leo Pauer from Budahegy and Gusztáv Emich its directors. They closed their first full business year with a modest profit of HUF 886 and a turnover of HUF 23 474.
The company produced a wide range of products. For example, they were involved in the manufacture of lighting equipment, i.e. railway lamps and lanterns, all kinds of commercial metalware in iron, brass, galvanised, tin, bronze, gilding, etc., chandeliers, wall and table lamps, mining lamps, light bulbs, etc., but also bath tubs, wash basins, boxes, etc. They had a model warehouse at 18 Erzsébet-tér in Budapest.
According to the 1885 Annual Report, Count Jenő Zichy, as a shareholder, expressed the opinion that the company should have raised much more capital at the start-up to be able to operate at a higher production level, as the company was already forced to take out loans to cover the increase in production.
In 1886, the share capital was increased by 300 000 HUF, which was mainly provided by the Hungarian General Credit Bank and its subsidiary, the Fiume Oil Refinery Ltd., so the company was transformed, its new name became Hungarian Metal and Lamp Factory Ltd., and the board of directors was composed of the bank's officials, so the composition of the board was as follows: major Ede Pallavicini, Dr. Sándor Lederer, Zsigmond Mauthner, Imre Németh, Adolf Ullmann.
After that the company was in a position to receive exclusive government orders, for example in 1887 the Ministry of Finance ordered the new stills for the new Spirits Tax Act, which were then purchased from them by the spirit producers. As a result, profits rose from 4 267 forints in 1887 to 40 819 forints in 1888. However, this situation did not last and the company barely managed to make a minimum profit of a few hundred thousand forints in the following years and decades, but from 1899 onwards, but more with the introduction of the koruna, it was able to achieve a six-figure profit - with a nominal increase - which reached K 300 000 per annum from 1907.
This came back to the company in the post-war hyperinflation, so in 1925-1926 the company made a profit of 328,000 and 385,000 pence respectively, which was eroded by the Great Depression. The Győrffy-Wolf metal goods factory in Pesterzsébet was absorbed into the company during the crisis, but by 1932 the company had still accumulated a loss of nearly one million pence. As a solution, the Hungarian General Credit Bank, as the owner, merged the Hungarian Metal and Lamp Factory Ltd. into the Weapon and Machine Factory Ltd. on 15 November 1935. It is interesting to note, however, that with the nationalisation after the Second World War, the product profile of the Lamp Factory was again strengthened in the merged company, which was then grouped into a new National Company, while from the 1950s the company also switched to the production of gas convectors under the name LAMPART.