Nasic united factories and forestry operations

The Neuschloss family moved from Moravia to Vágvecs in the late 18th century. In the wood industry centre of the time, Jakab Neuschloss founded a timber trading company, which earned him a considerable income. Izsák Neuschloss was already active in Párkány in the 19th century, and later members of the family acquired important offices and interests in Pest. By this time they were involved in the whole spectrum of the timber industry, from forestry, processing and trading to parquet and furniture production. Thus, in 1895, the Neuschloss tannery and steam sawmill joint-stock company of Naschic was founded with a share capital of 2 000 000 Frt, with two Neuschloss directors (Emil and Ödön), Lajos Baumgarten, Ferenc Beniczky, Béla Deutsch from Hatvan, Salamon Freund, József Hajós, Ödön Hevesi, Emil Strausz and Dr. Fülöp Weinmann.

Already in 1896, the Company had settlements in Satu Mare, Homorod and Salonta, except for Nasicz in Slavonia. The economic boom of the late dualism period and the continuous construction works provided a very good market for the company, which made an average annual profit of 200 000 HUF, which rose to over 500 000 HUF from the 1900s (with a share capital of 4 000 000 K), while the establishment of the parquet factory in Pestszentlőrinci in 1908 meant an annual profit of 600-800 000 K. With the increase in the share capital in 1912 (K 5 000 000), the company opened a plant in Nitra, while it also operated sawmills in Ljeskovice, Barcs and Susine-Gjurgjenovac (where it also set up a barrel factory). Before the war, profits reached K 1 200 000. By that time the company had grown into one of the largest timber and wood-processing companies in the country, with its own fleet of ships and network of industrial railways. His interests also included the founding of the Lomasi Forest Industry Ltd. in 1910, Österreichische Holzverkehrs G. m. b. H. in 1915 and Cserzőkivonat Rt. in 1916. The latter ceased to exist in 1919 and the company structure, which had been transferred to the whole of Yugoslavia, was incorporated into Tannin Rt. in Zagreb, as were Vuka Forestry Rt. and the factory in Nasicz itself, founded in 1918. In 1921, the entire assets of the group were transferred to the Swiss company Union des usines et des exploitations forestiéres de Nasic, founded in Geneva, with a share capital of 20 000 000 Swiss francs.

The consolidation of the 1920s put the group back on a growth path. Thus, the Hungarian company consolidated with a capital of P 750 000, with a profit of P 30-45 000 until the 1929 crisis. By this time, the Yugoslavian group, the Transylvanian (Arad) Lomási Erdőipar Rt. and the Czechoslovak (Prague-based) Drevodelna A.-G. had already been removed from the Hungarian company. Although the company seemed to emerge from this pit between 1935 and 1938, it again accumulated losses of several hundred thousand pence in the run-up to the war, and became insolvent during the war.

Source:

Compass

Szabó, Máté (2022): FAIPAR IN THE DUALISM EARLY DRAGON CONTINUES.PUBLICATIONS OF THE EUROPEAN CENTRE 15/2. 29-48.

Founded in 1895

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Author: by Dr. Márton Pelles