PEPPERMINT POWER PLANTThe Peppermint Powerplant belonged to a gigantic paper mill. The paper mill wa
PEPPERMINT POWER PLANTThe Peppermint Powerplant belonged to a gigantic paper mill. The paper mill was built between 1859 and 1861, but it wasn’t until 1865 that production started. This was due to financial problems and disputes with the local authorities. In 1886, the production facilities fell victim to a fire and had to be largely rebuilt. The company experienced some expansions and managed to buy up several competitors. At its 50th anniversary in 1911, the factory employed 270 people. During the war of 1914, the factory ran into financial difficulties due to the bank’s collapse and had to sell the two bought-up competitors.The factory did not suffer from World War II and production started again in September 1945. After a new fire destroyed part of the factory in 1960, several acquisitions and capital injections followed. In the late 1990s, large sums of money were still being invested in the technology of the factory, but the tide seemed to have turned definitively. The company’s hydroelectric plant was sold in 2001 before filing for bankruptcy in 2002. -- source link
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