Nydalens Compagnie
Encyclopedia
Nydalens Compagnie was a company in Nydalen
, Oslo, Norway. It was founded in 1845 as a textile manufacturer, and from 1963 to 1998 it was a real estate company.
, Ole Gjerdrum
, Hans Gulbranson
and Oluf N. Roll as Nydalens Bomuldsspinderi. The name was changed in 1867, when it also became a limited company. It was listed on Oslo Stock Exchange
in 1942.
The year 1845 has been called the starting point of early industrialization in Norway. This is because of the founding of Nydalens Compagnie, and in addition the factory Vøiens Bomuldsspinderi was being built. The textile manufacturing at Nydalens Compagnie began in 1847, and between the 1890s and the 1940s Nydalens Compagnie was the largest textile company in the country with about 1100 employees. The production workers were mainly women and children, with a few men as supervisors and maintenance workers.
The company adopted a system of industrial paternalism
, offering houses for the employees and social instutions, including a primary school for children. The children typically started working at the factory at the age of nine, normally spending half the day at work and the other half at school. Factory manager Otto Gjerdrum
founded a youth club and a ski club
, and organized Christmas Balls at the school.
Textile prodoction ceased in 1963, whereupon Nydalens Compagnie continued as a real estate company. In 1992 it incorporated Bergen
-based Investa Eiendom, and had headquarters in Bergen for one year. It was sold to Anders Wilhelmsen & Co in 1993 and moved back to Oslo. It was incorporated into another real estate company owned by Anders Wilhelmsen & Co, Linstow, in 1998. The former textile production facilities, "Nydalen Park", had already in 1996 been sold to the estate Avantor.
Nydalen
Nydalen is a neighbourhood in the Nordre Aker borough in northern Oslo, Norway.- History :Since the late 19th century Nydalen has been a largely industrial area...
, Oslo, Norway. It was founded in 1845 as a textile manufacturer, and from 1963 to 1998 it was a real estate company.
History
It was founded in 1845 by Adam HiorthAdam Hiorth
Adam Hiorth was a Norwegian merchant and industrial pioneer.-Personal life:Hiorth was born in Drøbak, as the son of shipper Fredrik Wilhelm Hiorth and Louise Caroline Brodersen. He married Anne Sofie Sommerfelt in 1849. He was an uncle of engineer Fredrik Hiorth and the grandfather of painter...
, Ole Gjerdrum
Ole Gjerdrum
Ole Eliassøn Gjerdrum was a Norwegian jurist, civil servant and businessperson.-Career:He was born in Stange. He was a clerk for the district stipendiary magistrate until 1811. He then worked in Copenhagen and studied law, but when Norway achieved independence in 1814 he returned to his country of...
, Hans Gulbranson
Hans Gulbranson
Hans Gulbranson was a Norwegian businessperson.He hailed from Modum. He was a wholesaler in Christiania, and was one of the wealthiest persons in Norway's capital. He is best known as a founder of Nydalens Compagnie in 1845 together with Adam Hiorth, Ole Gjerdrum and Oluf N. Roll. Gulbranson was...
and Oluf N. Roll as Nydalens Bomuldsspinderi. The name was changed in 1867, when it also became a limited company. It was listed on Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
in 1942.
The year 1845 has been called the starting point of early industrialization in Norway. This is because of the founding of Nydalens Compagnie, and in addition the factory Vøiens Bomuldsspinderi was being built. The textile manufacturing at Nydalens Compagnie began in 1847, and between the 1890s and the 1940s Nydalens Compagnie was the largest textile company in the country with about 1100 employees. The production workers were mainly women and children, with a few men as supervisors and maintenance workers.
The company adopted a system of industrial paternalism
Welfare capitalism
Welfare capitalism refers either to the combination of a capitalist economic system with a welfare state or, in the American context, to the practice of businesses providing welfare-like services to employees...
, offering houses for the employees and social instutions, including a primary school for children. The children typically started working at the factory at the age of nine, normally spending half the day at work and the other half at school. Factory manager Otto Gjerdrum
Otto Gjerdrum
Otto Gjerdrum was a Norwegian businessperson.He was a son of Ole Gjerdrum, and brother of Jørgen and Carl Ferdinand Gjerdrum. Through his sister Alette Jørgine Constanse Gjerdrum he was a brother-in-law of dean Halfdan Einar Sommerfelt. He was married three times...
founded a youth club and a ski club
Nydalens SK
Nydalens Skiklub is a Norwegian sports club from Nydalen, Oslo. It was founded in 1886, and has sections for orienteering, Nordic skiing and ski orienteering. The club organized national ski jumping competitions regularly from 1891 to 1953, and had its own ski jumping venue at Korsvoll...
, and organized Christmas Balls at the school.
Textile prodoction ceased in 1963, whereupon Nydalens Compagnie continued as a real estate company. In 1992 it incorporated Bergen
Bergen
Bergen is the second largest city in Norway with a population of as of , . Bergen is the administrative centre of Hordaland county. Greater Bergen or Bergen Metropolitan Area as defined by Statistics Norway, has a population of as of , ....
-based Investa Eiendom, and had headquarters in Bergen for one year. It was sold to Anders Wilhelmsen & Co in 1993 and moved back to Oslo. It was incorporated into another real estate company owned by Anders Wilhelmsen & Co, Linstow, in 1998. The former textile production facilities, "Nydalen Park", had already in 1996 been sold to the estate Avantor.