New Russia Co
of Queen Victoria Street
c.1869 John Hughes took a leading part in the establishment of a company, known as the New Russia Iron Company, of which he became the managing director, promoted with the view of acquiring mineral properties, and erecting iron and steel works, in Hughesovska, Russia. The works have been carried on by Mr. Hughes for nearly twenty years with conspicuous success. Some of the best-known men connected with the engineering profession in England are among the shareholders.
The Hughesovska Company raise their own coal and iron, make their own pig in three modern furnaces, and produce bar iron and Siemens steel. When Mr. Hughes selected the site where his works now stand, there were only a few miserable huts in the neighbourhood, so that great difficulties on the score of efficient labour and domiciliary accommodation had to be met. Mr. Hughes, however, overcame these with his invariable energy, and now the works support a population of nearly 10,000 souls.[1]
1892 'Cholera Riots in Russia. The riot at Hughesofks, the town of about 20,000 inhabitants which has sprung up close to the mills of the New Russia Company, created by the late Mr. John Hughes, was the worst that has occurred anywhere in Russia since the outbreak of cholera, 20 Cossacks being killed and ten wounded. ....'[2]
1970 The company was dissolved.[3]