Ilseder Hütte

The Ilseder Hütte is a former ironworks in Ilsede (district of Peine) in Lower Saxony, Germany Funded by the bank Ephraim Meyer & Sohn[1] Carl Hostmann founded an Ironworks based on supposed both coal- and orefields in this area.

Though there were then found no sufficient coal fields, the company, named "Bergbau und Hüttengesellschaft zu Peine" was established in 1853.

Under Fritz Hurtzig and Carl Haarmann on September  6, 1858 the "Aktiengesellschaft Ilseder Hütte" was taking over the assets, and in 1861 the production started.

In the era of the German Empire, the company became a major player in Germany's coal and steel industry.

In 1928 the Ilseder Hütte took a 10 billion US-$ loan from the National City Bank of New York.