The paper factory in Vevče, which stands on both side of the Ljubljanica, was founded by the Slovene industrialist and politician Fidelis Terpinc (1799–1875). He purchased a grain mill on the Ljubljanica in 1820 and converted it into an oil mill. In 1840, Terpinc founded a society of Ljubljana industrialists to create the paper factory, and the first paper was produced in 1843. The part of the paper factory and the associated neighborhood on the right bank of the river were named "Josefsthal"; Terpinc named the neighborhood after his wife Josefina. The facility was expanded with property purchased on the left bank of the river in 1850. Terpinc named the factory neighborhood on the left bank "Janezia" in honor of Archduke John. The rags used as raw material for the paper were warehoused at Fužine Castle () until the 1895 Ljubljana earthquake, when the warehouse was also transferred to Vevče. During the Second World War, the Partisans burned the paper warehouse on 30 August 1942 and the wood warehouse on 31 August 1942. The factory was seized by the communist government and nationalized in 1945. After the Second World War, there was extensive construction in Vevče, including apartment buildings on the north side of the settlement, resulting in the formation of an area known as "Na griču" (literally, 'On the Hill'). Vevče was annexed by the City of Ljubljana in 1982, ending its existence as an independent settlement.