The story
Founded by Thomas Edison in 1899.1
In 1881 Edison formed the Edison Ore-Milling Company and tried for many years to make that business a success. The demand was not existent, and although Edison brought new technological innovations to the industry, the company could not compete with the rich ore in the Iron Range. Despite continual investment, with Edison selling shares in General Electric, the company suffered huge losses. Eventually, the ore-crushing technology was sold to other mine owners.
The manufacturing process used by the Edison Ore-Milling Company produced a large quantity of waste sand which he would sell to cement manufacturers. The properties of the fine sand were particularly suitable for concrete, leading to a harder, more durable product. In 1899, Edison decided to join the cement business, reusing some of the technology he had developed for ore-milling.
From Wikipedia’s article on Edison Portland Cement Company, shared under CC BY-SA 4.0.3
