Teudloff and Dittrich bp. armature, derivative and mechanical engineering ltd
The Teudloff K. and Dittrich T. Machine Works Ltd. was established in 1895 with the support of the Austro-Angolic Bank by the transformation of the Károly Teudloff machine works in Budapest, which had been in operation since 1884. The plant manufactured fittings for water, gas and air pipelines, tension gauges, cranes, bridges, iron structures and slab structures. The joint-stock company was established on 5 February 1895 with a share capital of HUF 900 000 at 21 Markotányos u., Budapest, while a branch factory was operating in Vienna (this may have been the Dittrich plant).
The company's President was Dr. Károly Morzsányi, its directors were György Scheyrer, József Lukács, Jakab Simon and Vilmos Mayer, while its CEO was Károly Teudloff. The company's profits exceeded 90 000 forints in 1896, but from then on fell each year to about 2/3 of the previous year's level, and in 1899 the loss exceeded 20 000 forints. In 1900 the capital was reduced to 600 000 forints, or 1 200 000 crowns, as a result of the losses. The chairmanship was then given to József Lukács of Szeged and the vice-chairmanship to Lajos Tedesco; among the directors were Ármin Gussenbauer, Dr. Adolf Kohner and Ágoston Lenz. The plant then operated with 50 horsepower machines and 100 workers. In 1907, Adolf Kohner became chairman and Gusztáv Korner vice-chairman, while the company's losses exceeded half a million crowns. As a result, the Vienna plant was sold and continued to operate under the name Teudloff u. Dittrich Armaturen- und Maschinenfabrik Gesellschaft m. b. H., but this only served to stem the downward spiral, and in 1912 the company absorbed the equally loss-making Budapest Pump and Machine Works Ltd, whose management was largely identical to that of the Teudloff factory. Thus Teudloff-Dittrich Budapest Armature, Pump and Machine Works Rt. was formed, and in 1913 it absorbed Vulkan Machine Works Rt. For these transactions, the share capital was increased to SEK 2 250 000.
The president of the merged company was Baron Dr. Adolf Kohner, the vice-president was Simon Jakab of Boglár, the directors were Dr. Miksa Planer, Pál Engel, Imre Linczer of Ilenczfalvi, Aladár Kaszab, Oszkár Taussig, Rikard Mansfeld the Noble and Gusztáv Korner, while the company's profits were minimal. After the war, the company was consolidated in 1925 with a capital of P 400 000 and made a profit of almost P 30 000 in 1926, P 50 000 in 1927 and P 70 000 in 1928, while 500 workers were already working with 500 horsepower machines. However, the Great Depression halted its development, and the Anglo International Bank (as successor to the Anglo-Austrian Bank), which owned it, liquidated its Hungarian interests and the struggling Teudloff factory, like many other domestic companies such as Atlantica Trust, fell victim to intensive capital flight, eventually merging Teudloff-Dittrich into the Hungarian Royal State Iron, Steel and Machine Works Ltd. in 1931.
Sources:
Hungarian Compass 1874-1944 | Arcanum Digital Library
Date of foundation: 1884
Date of cessation: 1931
Founders: Károly Teudloff
Determinant drivers are not set
Main activity: manufacture of pumps, fire engines and fire extinguishers
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: 1884
Founders: Károly Teudloff
Determinant drivers are not set
Main activity: manufacture of pumps, fire engines and fire extinguishers
Main products are not set
Seats are not configured
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
Teudloff and Dittrich bp. armature, derivative and mechanical engineering ltd
The Teudloff K. and Dittrich T. Machine Works Ltd. was established in 1895 with the support of the Austro-Angolic Bank by the transformation of the Károly Teudloff machine works in Budapest, which had been in operation since 1884. The plant manufactured fittings for water, gas and air pipelines, tension gauges, cranes, bridges, iron structures and slab structures. The joint-stock company was established on 5 February 1895 with a share capital of HUF 900 000 at 21 Markotányos u., Budapest, while a branch factory was operating in Vienna (this may have been the Dittrich plant).
The company's President was Dr. Károly Morzsányi, its directors were György Scheyrer, József Lukács, Jakab Simon and Vilmos Mayer, while its CEO was Károly Teudloff. The company's profits exceeded 90 000 forints in 1896, but from then on fell each year to about 2/3 of the previous year's level, and in 1899 the loss exceeded 20 000 forints. In 1900 the capital was reduced to 600 000 forints, or 1 200 000 crowns, as a result of the losses. The chairmanship was then given to József Lukács of Szeged and the vice-chairmanship to Lajos Tedesco; among the directors were Ármin Gussenbauer, Dr. Adolf Kohner and Ágoston Lenz. The plant then operated with 50 horsepower machines and 100 workers. In 1907, Adolf Kohner became chairman and Gusztáv Korner vice-chairman, while the company's losses exceeded half a million crowns. As a result, the Vienna plant was sold and continued to operate under the name Teudloff u. Dittrich Armaturen- und Maschinenfabrik Gesellschaft m. b. H., but this only served to stem the downward spiral, and in 1912 the company absorbed the equally loss-making Budapest Pump and Machine Works Ltd, whose management was largely identical to that of the Teudloff factory. Thus Teudloff-Dittrich Budapest Armature, Pump and Machine Works Rt. was formed, and in 1913 it absorbed Vulkan Machine Works Rt. For these transactions, the share capital was increased to SEK 2 250 000.
The president of the merged company was Baron Dr. Adolf Kohner, the vice-president was Simon Jakab of Boglár, the directors were Dr. Miksa Planer, Pál Engel, Imre Linczer of Ilenczfalvi, Aladár Kaszab, Oszkár Taussig, Rikard Mansfeld the Noble and Gusztáv Korner, while the company's profits were minimal. After the war, the company was consolidated in 1925 with a capital of P 400 000 and made a profit of almost P 30 000 in 1926, P 50 000 in 1927 and P 70 000 in 1928, while 500 workers were already working with 500 horsepower machines. However, the Great Depression halted its development, and the Anglo International Bank (as successor to the Anglo-Austrian Bank), which owned it, liquidated its Hungarian interests and the struggling Teudloff factory, like many other domestic companies such as Atlantica Trust, fell victim to intensive capital flight, eventually merging Teudloff-Dittrich into the Hungarian Royal State Iron, Steel and Machine Works Ltd. in 1931.
Sources:
Hungarian Compass 1874-1944 | Arcanum Digital Library