Rombach ironworks
The Rombacher Hüttenwerke AG was a German mining company , which in 1888 by Carl Spaeter has been established and has been renamed after a checkered history in 1926 at Concordia Mining AG.
history
In the early years and from 1919 to 1923, the headquarters were in Koblenz , where the Spaeter family lived, while the company's iron and steel works were in Rombach in Lorraine . When Alsace-Lorraine was ceded to France after the First World War by the Treaty of Versailles in 1919 , the company had to transfer the iron and steel works as its most valuable property to the Société d'Etudes et d'Entreprises industrielles d'Alsace et de for only 125 million French francs Sell Lorraine. Thanks to financial compensation from the German Reich , extensive investments were made.
In 1920, Concordia Bergbau-AG in Oberhausen , which had been linked by an interest group since 1914, was acquired and liquidated. The Concordia colliery became the Oberhausen department of Rombacher Hüttenwerke AG.
In 1921 the Westfälische Stahlwerke AG in Bochum and the Concordiahütte in Engers (near Bendorf on the Rhine) were taken over.
Rombacher Hüttenwerke AG took a stake in Eisenhütte Holstein AG in Rendsburg and Howaldtswerke AG in Kiel by acquiring larger shares .
Because of the occupation of the Ruhr since January 11, 1923, the company's headquarters were relocated to Hanover in 1923, to which other companies from the occupied Ruhr area also moved.
The expansion of the locations in Oberhausen and Bochum, which began despite the inflation , led - further exacerbated by the occupation of the Ruhr - to considerable additional expenditure. Even the end of inflation with the conversion of the share capital from 210 million marks to 51 million Reichsmarks did not bring about any improvement. Despite a deferral agreement concluded in 1925 with the banks involved, the company got into such a difficult financial situation that the facilities in Bochum, Engers and Rendsburg had to be sold again in 1926, as did the stake in Howaldtswerke AG. After the extensive sales, only the Oberhausen department, i.e. the former Concordia colliery, and some coal chemical companies associated with its coking plants remained as essential property , Rombacher Hüttenwerke AG renamed itself to Concordia Bergbau-AG in December 1926 and relocated its headquarters to Oberhausen. At the same time, the existing share capital was reduced from 51 million Reichsmarks to 5.1 million Reichsmarks as part of the restructuring , but increased again to 20 million Reichsmarks through the issue of new shares.
literature
- Rombacher Hüttenwerke, Aktiengesellschaft Rombach i. Lorraine. Leipzig undated (around 1910).
- Handbook of German stock corporations . 30th Edition 1925, Volume 1, pp. 516-518.
- Handbook of German public companies 37th Edition 1932, Volume 3, pp. 3756-3759.