HÖGANÄS. Aktie Kr.1000. oange, black. No 26. The company was originally founded as early as 1797 when coal was found in the city of Höganäs, central Sweden. It took the name of the young Swedish king Gustav IV. Adolf (1778-1837, King since 1792). The company used for its days state-of-the-art technology: it used the just invented steam machines. As such this company is an important industrial pioneer in the economic history of Sweden. A capital incraese took place in 1805, and a restructering in 1823. In 1876, the company was reformed and renamed as "Höganäs Stenkolsbolag". Its shares used the same vignette as on the original shares. It shows the landscape of Höganäs, a city of currently 13,500 inhabitants in Skane county. The company also built the first Swedish railway - as early as 1798! It was a horse-drawn railroad using wooden rails and was used to transport coal from the mine to the harbour (visible on the share's vignette). The small village (consisting of merely 17 homes in the 17th century) quickly grew and new dwellings were built for the miners. In the 19th century, the company also became an important producer of ceramic products and bricks. The coal mines were closed in the middle of the 20th century. However, the company survived and is today known as Höganäs AB,currently the world's largest producer of powdered metals with subsidiaries around the world. The company is listed on the Stockholm stock exchange.
Themes: COALMINES, METAL & ENGINEERING, RAILROADS
Date: 2 January 1893
Startprice: € 1000