Grace's Guide To British Industrial History

Registered UK Charity (No. 115342)

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 150,704 pages of information and 235,205 images on early companies, their products and the people who designed and built them.

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 147,919 pages of information and 233,587 images on early companies, their products and the people who designed and built them.

Schneider, Hannay and Co

From Graces Guide

Partnership of Henry William Schneider and Robert Hannay

Owners of rich red haematite mines in Furness

1858 Schneider, Hannay and Co bought land from the Furness Railway at Hindpool on which to build new furnaces

1859 The Ironworks of Schneider, Hannay and Co were established. With the setting up of the smelting plant at Hindpool the Furness Railway lost most of the shipment traffic in iron ore, as the bulk of this was now smelted locally, but this loss was more than offset by the pig iron and coke traffic which resulted from the establishment of Messrs. Schneider and Hannay's works [1]. This ensured the future prosperity of the railway.

The success of the enterprise was great

c.1864 It was decided to take up the manufacture of Bessemer steel, for which purpose a separate company was organised - the Barrow Haematite Steel Company, of which Mr. Smith was the manager, and also a shareholder in the very limited list of adventurers, as Bessemer steel had scarcely then established its reputation on an assured foundation.

1865 Barrow Hematite Steel Co erected premises alongside Schneider and Hannay's iron works which it then purchased. Ten blast furnaces gave an output of 5,000-5,500 tons a week - recognised as largest ironworks in world.

On the 1st January 1866, the Steel Company was enlarged, its capital was greatly increased, and it absorbed the mines and blast furnaces of Schneider, Hannay & Co.; the Duke of Devonshire was the chairman, and he, with the late Duke of Buccleuch, Mr. Schneider, and Mr. Hannay, were the principal shareholders. Almost at once the Company acquired a leading position in the steel trade.

1866 January 1st: Schneider, Hannay and Co ceased to exist as a separate entity.




See Also

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Sources of Information

  1. [1] Barrow Steel Web Site
  • Barrow Hematite Steel Company [2] Barrow Steel Web Site