Kugelwasserturm Umformerstation Ilseder Hütte

The Ilseder Hütte is a former ironworks in Ilsede ( district of Peine) in

Lower Saxony Lower Saxony (german: Niedersachsen ; nds, Neddersassen; stq, Läichsaksen) is a German state (') in northwestern Germany. It is the second-largest state by land area, with , and fourth-largest in population (8 million in 2021) among the 16 ...

, Germany

History

Funded by the bank Ephraim Meyer & Sohn. Carl Hostmann founded an Ironworks based on supposed both coal- and ore

fields Fields may refer to: Music * Fields (band), an indie rock band formed in 2006 * Fields (progressive rock band), a progressive rock band formed in 1971 * ''Fields'' (album), an LP by Swedish-based indie rock band Junip (2010) * "Fields", a song b ...

in this area. Though there were then found no sufficient coal fields, the company, named "Bergbau und Hüttengesellschaft zu Peine" was established in 1853. This company ended in

insolvency In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet ...

during an economical crisis in 1858. Under Fritz Hurtzig and Carl Haarmann on September 6, 1858 the "Aktiengesellschaft Ilseder Hütte" was taking over the

asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can ...

s, and in 1861 the production started. Despite the site's unfavorable geographical situation, the factory prospered and rapidly expanded its business. In the era of the German Empire, the company became a major player in Germany's coal and steel industry. In 1872 a

rolling mill In metalworking, rolling is a metal forming process in which metal stock is passed through one or more pairs of rolls to reduce the thickness, to make the thickness uniform, and/or to impart a desired mechanical property. The concept is simil ...

was added and in 1879 a third blast furnace started work. In 1928 the Ilseder Hütte took a 10 billion US-$ loan from the

National City Bank of New York Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City ...

. In 1929 the opening of the

Mittelland Canal The Mittelland Canal, also known as the Midland Canal, (german: Mittellandkanal, ) is a major canal in central Germany. It forms an important link in the waterway network of that country, providing the principal east-west inland waterway conne ...

reduced the transport's costs.

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...

caused no damage and the company expanded up to 1970s

economic crisis An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with th ...

Mergers

In 1970 the company merged with the state-owned

Salzgitter AG Salzgitter AG is a German company, one of the largest steel producers in Europe with an annual output of around seven million tonnes. With over 100 subsidiaries and associated companies, the Group is structured in five divisions – Steel, Tr ...

. The ore mining ended in 1978 and in 1983 the last blast furnace was shut down. In 1989 the company became part of

Preussag TUI Group is a German leisure, travel and tourism company. TUI is an acronym for ''Touristik Union International'' ("Tourism Union International"). TUI AG was known as Preussag AG until 1997 when the company changed its activities from mining to ...

The Preussag, at this time was an

industrial Industrial may refer to: Industry * Industrial archaeology, the study of the history of the industry * Industrial engineering, engineering dealing with the optimization of complex industrial processes or systems * Industrial city, a city dominate ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

that changed later on its business field to tourism Preussag stopped in 1995 the remaining productive parts such as

coking plant Coke is a grey, hard, and porous coal-based fuel with a high carbon content and few impurities, made by heating coal or oil in the absence of air—a destructive distillation process. It is an important industrial product, used mainly in iron ...

power plant A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the electricity generation, generation of electric power. Power stations are generally connected to an el ...

and by-products. The area became an

industrial park An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more "heavyweight" version of a business park or office park ...

. The

blowing engine A blowing engine is a large stationary steam engine or internal combustion engine directly coupled to air pumping cylinders. They deliver a very large quantity of air at a pressure lower than an air compressor, but greater than a centrifugal fan. ...

building is in use for various events whereas the steam production building was torn down in spring 2010. Ilseder Hütte Gebläsehalle Ljungströmturbine.jpg, Former blowing engine building of ''Ilseder Hütte'', in front a Ljungström turbine Gewerbepark Ilseder Hütte rIMG 4699.jpg, Remains of a bridge in industrial park ''Ilseder Hütte'', 2008 Gewerbepark Ilseder Hütte rIMG 4702.jpg, Former steam production building ''Ilseder Hütte'', 2008 Gewerbepark Ilseder Hütte rIMG 4701.jpg, Site near the steam production building of ''Ilseder Hütte'', 2008

Literature

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Notes

References

External links