Nizhny-Tagil and Lunev Mining and Mechanical Plants
Акционерное Общество Нижне-Тагильскихъ и Луньевскихъ Горныхъ и Механическихъ Заводовъ Наслѣдниковъ П. П. Демидова Князя Санъ-Донато
Joint Stock Company of Nizhny Tagil and Lunev Mining and Mechanical Plants of P. P. Demidov’s Successors Prince San Donato
Other city spellings: St.-Pétersbourg, St. Petersburg, Pétrograde
The company was formed in 1917 with head office in Petrograd. Initial capital was 25,000,000 roubles in shares of 100 roubles. This company is the successor of the P.P. Demidov firm.
1917 <
Description
Successor company of the P.P. Demidov firm. This is a truly important Russian noble family, possibly second only to the Tsar himself in wealth during the late 18th and 19th centuries. Their progenitor was Demid Antufiev, a blacksmith from Tula in the 17th century. His son Nikita Demidov made a fortune by manufacturing weapons and establishing an iron foundry for the government/Tsar Peter the Great. For two centuries, the Demidov plants produced a large portion of Russia’s iron and steel. Even the Palace of Westminster (UK) was constructed of Demidov metal products. The revolution impoverished the family and the descendants currently live in Finland. The company was fully in family hands until 1896. It became a joint-stock company on 24 October 1896, but remained controlled by the Demidov family. (source: Boone April 2022)