HITIAG

Founding

The Jewish Viennese families Lieser and Duschnitz began building their hemp spinning mill and rope factory between 1880 and 1885. The main co-founders of the plant in Golling from the 1880s were the brothers Sigmund, Adold and Justus Lieser. In 1899, the company was integrated into the Bodencreditanstalt Group.

In the last year of the First World War, a paper factory in Neudeck, a jute factory in Trieste and stakes in a jute factory in Bielitz and a textile loom factory in Eger were acquired. This was followed in 1919 by a founding participation in the Pielachberger Hanfspinnerei und Bindfadenfabrik Ges.m.b.H. near Melk and the takeover of the first Austrian mechanical hemp spinning mill, twine and rope factory, Lieser & Duschnitz in Neuda.

At the beginning of the 1920s, the group was international, spanning six countries and employing 6,500. In 1922, the First Hungarian Jute Spinning and Weaving Mill in Neufeld an der Leitha was also acquired. In 1928, the workforce in Neufeld peaked at 1,988. With the acquisition of Lieser & Duschnitzhemp products were added to the product range alongside jute products. The Lieser and Duschnitz families, were given shares in the new large company. In order to reflect the new business areas in the name, the large company was renamed: The Erste österreichische Jute-Spinnerei und -Weberei now became the Hanf-, Jute- und Textilit Industrie AG, or "HITIAG" for short.

In 2001, the plant in Neuda was closed and wet yarn production was transferred to the Tolna plant, followed by the closure of production in Stadl-Paura, where only the headquarters of Lambacher Hitiag Leinen AG remained.

The current company name is LHL Immobilien Beteiligungs-GmbH