German-Luxembourgish mining and smelting company
The Deutsch-Luxemburgische Bergwerks- und Hütten-AG (DL) was one of the largest German vertically integrated mining groups at the beginning of the 20th century. Most recently it was based in Bochum .
The DL was one of the key points of Hugo Stinnes' corporate empire . It was founded in 1901 at the instigation of Bernhard Dernburg and Hugo Stinnes as the successor to the Lorraine-Luxembourg Steelworks Association and grew rapidly through takeovers and mergers . Due to the high rate of expansion, it was always very weakly capitalized and financed itself through constant capital increases and bond issues.
The mines Dannenbaum , Friederika , Prinz Regent , Friedlicher Nachbar , Baaker Mulde , Hasenwinkel and Julius Philipp belonged to the DL . The company acquired additional sources of coal through the acquisition of the Zeche Louise Tiefbau and Zeche Vereinigte Wittwe & Barop in Hombruch in 1908, the Dortmund Union and the Zeche Tremonia in 1910 and the Saar and Mosel Mining Society (1910/1916).
DL's blast furnaces as well as steel and rolling mills were in Differdingen ( Luxembourg ), after the Union was acquired in Dortmund and after the conclusion of an interest group in 1911 in Rümelingen and St. Ingbert . The DL had the sole patent for the distribution of gray carriers in Germany. The vertical integration was at the instigation of Stinnes by acquisition further advanced manufacturing industry companies. For example, DL took over the North Sea Works in 1911 .
The Hugo Stinnes GmbH played a key role in the export of DL products.
Due to the regional division into different mining areas and distribution to different locations, the DL was organized much more complex than its competitors - for example August Thyssen's Union of German Emperors or the Phönix AG for mining and smelting operations - but at the same time it was less susceptible to regional problems and was able to do something clever Shifting capacities and contingents to achieve advantages in the syndicate -shaped economy of the German Reich .
After the First World War , the DL lost its property in Luxembourg and Lorraine . 1920, DL closed at the instigation of Stinnes and Albert Vogler with the Bochum Association and the Gelsenkirchen Mining AG (GBAG) to a community of interest with the company Rhein-Elbe-Union GmbH together. This was also expanded in 1920 with the participation of the Siemens companies to form the Siemens-Rheinelbe-Schuckert-Union. The aim of these large vertical trusts was, on the one hand, to undermine socialization efforts in the Weimar Republic and, on the other hand, to efficiently process the raw materials, which are scarce due to the political and social situation, in a single group and thus to achieve synergies and prevent production downtimes.
In 1926, the DL companies were merged with Vereinigte Stahlwerke AG and later merged with the newly formed GBAG. The CEO of DL, Albert Vögler, became CEO of Vereinigte Stahlwerke AG.
memory
Deutsch-Luxemburger Strasse in Hombruch is named after the company that operated the coal mines and rolling mills in this district.
Individual evidence
- ^ The German iron industry in the 20th century. (No longer available online.) Uni-koeln.de, formerly in the original ; Retrieved May 29, 2008 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
