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A review of the life of the Hamedanian brothers

A review of the life of the Hamedanian brothers

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Two brothers in the commercial and industrial field of Isfahan province were active in textile, cement and sugar. They were one of the major economic groups in the Isfahan region during the years 1320 to 1350. Hamedanian brothers used to live in an old traditional house in Isfahan.

They were popular in Iran due to their economic activists. These brothers never got married. The lack of financial transparency, the inability to manage and interfere with political power played a major role in the destruction of industrial investment and the exit of Hussein Hamedanian from the Iranian economic arena in the mid-1350s.

These brothers didn’t have the habit of staying in a luxury hotel in Iran. They used to live in their beautiful traditional house in Iran. 

Ali Hamedanian was born in 1280 in Isfahan. His father, Mohammad Reza Hamadani, was a small craftsman who could barely afford family life costs. He sent her child to the school. Then he became a student at the market. He provided a kiosk with the help of some people. After a while, it was turned into a textile retailer, where it sold pots, pans and special chisels in Isfahan.

From farmers who did not have cash to buy textiles, He accepted wheat, barley, currants and dried fruit, instead of money. This has been the case for many years. From 1304 he started to sell products of several textile factories including ‘Vatan Factory’. 24-year-old Ali Hamedanian was very frugal. He demanded that the woolen fabrics be sold at the home market or to sell them in tourist house accommodation in Isfahan.

Haj Mohammad Hussein Kazerouni (owner of the Vatan factory) did not hesitate to give credit, distribute fabric and help the Hamedanians. Hamedanian gradually progressed into the sales business and purchased a larger shop in the Isfahan market near Isfahan biggest historical site (‘Naqshe Jahan Square’). With the benefit of being around town, they bought farmlands. When the Isfahan textile factories grew, he was one of their big customers; he bought some products and sold the factory product in cash and also he sold some of these product by placing them in big hotels in Iran. 

In this way, his income increased; at the age of 30, he became one of the most prestigious businessmen in Isfahan. His years of experience, accumulation of capital and credit in the market motivated him, along with a number of businessmen, to consider establishing a textile factory in Isfahan.

Ali Hamedanian began his first industrial investment at the age of 36 with a number of economic activists in the textile spinning and weaving industries. The factory building started on a 50,000-square-meter land in Hezar Jarib Street in Isfahan with seven wool knitting machines. The initial capital of the company was six million Rials and after a while it doubled (six thousand preferred shares and six thousand ordinary shares). The factory had a spinning section in addition to the weaving. 

Factory products were yarn, wool and blankets. In those years the military was one of the major buyers of factory products. Its annual output was 450,000 meters of woolen fabrics and 70,000 yarns of some other products. It was one of the first factories to produce Tetron fabric. Some of its textile production was exported to Arabian countries, especially Saudi Arabia.

The company in 1330 accepted the new management program organization due to management problems and financial crisis. The financial crisis seems to have played an important role in creating these conditions as the political groups 'influence and the owners' inability to prevent the loss of the factory. The number of factory employees increased from 1220 to 1355. The 350 factory workers were women. These women could take a trip and stay at an Iranian luxury hotel once a year.

The second industrial investment of Hamedanian was founded on December 1339 under the name of Shahnaz Factory. It was later known as Bafnaz factory. The site of factory, with an area of 100,000 square meters and a 70,000-square-foot infrastructure, was located in the Chahar Baq Bala, producing various types of cotton and synthetic fibers. They expanded the spinning part to 50,000 in 1342.

The factory had various parts of cotton milling, baking, spinning and 1400 knitting, painting and milling machines. It produced about 5,000,000 yards of yarn and 110,000 yards of chick, cod, celery, poplin, velvet, and men's linen daily (32 million meters per year). In September 1337, there were 1550 personnel, which later reached 4,400. In the late 40s the factory capital was about 400 million riyals. Its machines were generally automatic and modern.

In 1334 Ali Hamedanian established the fourth Iranian cement factory in Isfahan province. In 1337, it started operating with a 200 ton furnace in a more efficient manner. In 1341 the second furnace with a capacity of 300 tons / day and the third factory in 1346 with capacity of 500 tons per day were put into operation.

As the system changed, the site's capacity increased to 2,300 tons. The total area of the cement site was 2 million square meters and its base was 80,000 square meters, where various types of construction cement, drilling cement and anti-sulfate cement were produced. The company had a capital of 350 million rials and had 385 staff in 1349.

 

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