Ábrahám Ganz, who in 1844 had opened…

December 1867 CE

Ábrahám Ganz, who in 1844 had opened an ironworks in Buda and whose company produces various technical devices based on his patents, commits suicide in Pest in 1867, but András Mechwart will continue his work at the company.

Under his direction, Ganz will become one of the most prominent companies in Austria-Hungary after 1869.

The Budapest-based company has invented a method of "crust-casting" to produce cheap, yet sturdy iron railway wheels, which greatly contribute to railway development in Central Europe.

The standard gauge railway system will develop quickly in Austria-Hungary during the industrial development following the Ausgleich of 1867, an all the major cities will soon be connected to each other by railway lines.

 

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