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Vítkovice Mining and Iron Corporation

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Vítkovice Mining and Iron Corporation (German: Witkowitzer Bergbau- und Hüttengewerkschaft), located in Ostrava-Vítkovice in Czechoslovakia ], was an iron mill founded by Salomon Meyer von Rothschild's heirs in 1873, it was the largest iron and steel works in the Austro-Hungarian monarchy.

History

Originally purchased by the Viennese banker Salomon Mayer von Rothschild in 1843, he also financed the extension of the Emperor Ferdinand Northern Railway from Vienna to Ostrava with a branch-off to his steel mill, which was completed in 1855.

In 1937, the company was transferred to an English company named the Alliance Assurance Co., Ltd a forerunner of the RSA Insurance Group

The Iron Works did not become the property of the Nazi as they were owned by a London-based Company

After World War II they were nationalised as the Vítkovické železárny Klement Gottwald n.p. (VŽKG) by the Czechoslovak state.

References

Vítkovice Mining and Iron Corporation Wikipedia