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Old Isfahan factory and its effect on Isfahans history

Old Isfahan factory and its effect on Isfahans history

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Naqshe-Jahan Sugar Factory was another industrial activity of Hamedanian brothers. Until 1936, the sugar industry was a state-owned monopoly. After this date, the Supreme Economic Council agreed to the freedom of establishment of the factory by the private sector. It also borrowed from the surplus value of banknotes to set up a sugar factory. In February of 1939,

the heads of Ministers declared the right to sell sugar on the open market to private sugar, provided that the factories paid the government a monopoly of 1.25 rials per kilogram of sugar.

At the beginning, some Isfahan economic activists set up a sugar factory in Isfahan. Ali Hamedanian purchased the factory and the old house accommodation in Isfahan near this factory.

Following the death of Ali Hamedanian from the Treasury Department, the company's shares were put up for auction. Hussein Hamedanian won and owned the factory. And two historical houses in Isfahan.

Hossein Hamedanian was mainly engaged in business in Tehran and had no experience in industrial affairs. After Ali's death, he took over ownership of his factories. Hussein bought the shares of a brother and two sisters and owned all of Ali's property; including his luxury traditional house in Isfahan.

After Ali's death, Hussein Hamedanian and Sultan Murat Bakhtiar jointly invested in the private sector, the Industrial and Mineral Development Bank and the Planning Organization of the factory. The capital of this factory was 470 million Rials and its construction site was 14 km in Isfahan-Shiraz Road.

The Polish firm provided loans of 240 million rials, private sector, 200 million rials, program organization and part of the capital. The facility had a capacity of 1500 tons of sugar beet per day. The plant had a 12,000-ton drying machine (for animal feed). The Naqshe-jahan Sugar Factory produced about 22,000 tons of sugar. In 1354 it had 160 fixed workers and 400 exploited workers. 75 homes in Isfahan, a six-class school, a bakery, a health center, a sports facility, a commuter service and a luxury hotel in Isfahan were set up by this factory.

In addition to industrial and commercial work, Ali Hamedanian has been involved in the field of land and agricultural sales since the 1330s. In 1339 he was elected as the President of the Trade Union of Isfahan. Some of his money was given to Ayatollah Haj Aqa Rahim Arbab.

Not using the right managers and not taking responsibility for the managers made him powerless in his own factory. Finally, after a long day of heart attack, he died in February of 1342 and was buried in Takhte Foolad tomb in a family tomb.

He invested what he had gained through industry. Ali Hamedanian did not get married at all. Until the time of his death he was one of the great capitalists in Isfahan, with over six thousand people were working in his industrial units. And some of them would stay at a luxury boutique hotel in Iran by his expenses. 

In addition to independent industrial investment, Ali Hamedanian invested in some other industrial units such as the turbine factory.

Hossein Hamedanian was born in Falavarjan in 1283. Like his brother Ali, he entered the market after a brief schooling. He started as a student in the Isfahan’s shops. For a while in the Isfahan market, he was a salesman for Qadak and Karbas; at one time he was supplying the needed goods to several villages in Najafabad.

After September 1320 he went to Tehran. In the years of World War II, when tires and spare parts were scarce and expensive, he turned to buying and selling cars. After a while he got a big boost. With the money he had invested in Saadi Street, he took over the dealership of several American cars, in addition to buying and selling real estate. Gradually, he became a prominent merchant in Tehran. His income was more than real estateing.

After his brother's death, he went to Isfahan to persuade government officials to run his industrial units. The four major factories of woolen, Shahnaz, Isfahan cement and sugar were its shareholders by Ali Hamedanian. He was more of a marketer. The Ministry of Finance calculated the value of Hamadanian's property and determined the share of his inheritance tax, and then auctioned it to the Shahnaz factory in 1963. Although the inheritance tax at that time was large, Hussein Hamedanian purchased the Shahnaz factory at last.

Isfahan's economy, and to some extent, banks' activity was influenced by Hamadanian's large industries. He also inherited many gardens, farmland, and real estate from his brother which needed supervision and management. The government added to its prosperity with the new credentials which he provided. Unlike his brother Ali, he was not thrifty and had no direct experience of setting up and running an industrial unit with 22 years of history. The same problem later led to other problems in managing large units.

The management of several large industrial units made him the head of the Isfahan Chamber of Commerce and Industries. He added his own capital to his brother's estate and worked on developing factories and farming. Various versions of the royal family's intervention in financing part of the charity's activities and failing to regularly pay for it have been cited by associates and some abuses at the sugar factory.

 

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