page_title: Sächsische Maschinenfabrik
section_title: Liquidation and successors
hierarchical_section_title: Sächsische Maschinenfabrik / Company history / Liquidation and successors
caption_attribution_description: English: Share of the Sächsische Maschinenfabrik vorm. Rich. Hartmann AG, issued 1. March 1929 Deutsch: Aktie über 1000 RM der Sächsischen Maschinenfabrik vorm. Rich. Hartmann AG vom 1. März 1929
context_page_description: The Sächsische Maschinenfabrik in Chemnitz was one of the most important engineering companies in Saxony in the second half of the 19th century and the first two decades of the 20th century. Including its various predecessor businesses, the firm existed from 1837 until its liquidation in 1930, and individual branches of the company taken over by others continued to operate until 1990. The company is closely linked with the name of its founder and long-time manager, Richard Hartmann, whose name formed part of the new company title in 1898: the Sächsische Maschinenfabrik vormals Richard Hartmann.
context_section_description: In 1928 the 'King Friedrich-August Works' in Potschappel was sold off again; the very disparate textile machinery division was restructured, and steam roller and locomotive construction ceased in 1929.
  The 'Sächsische Maschinenfabrik, vorm. Richard Hartmann AG' was liquidated in 1930, and the remaining economical core of the textile machinery division was incorporated into the newly formed Sächsische Textilmaschinenfabrik vorm. Richard Hartmann AG. As in the early days of the Hartmann enterprise, this company concentrated exclusively on spinning machines and weaver's looms. In 1933 it was amalgamated with several other companies into the Textil-Maschinen-Compagnie Chemnitz. The remaining area of business of the former Hartmann company was now purely spinning machines.
  In the Second World War the bulk of the factory buildings, sites and equipment was destroyed and, after most of the remaining sites had been given to the Soviet Union as war reparations, there was only about a tenth of the facility left for starting it up again as the VEB Spinnereimaschinenbau in 1946. Until the reunification of Germany the firm was the leading manufacturer of textile machines for the production of spun cotton in the Eastern Bloc.
  In 1990 this firm became a Gesellschaft mit beschränkter Haftung (the German form of a limited liability company), the Chemnitzer Spinnereimaschinenbau GmbH, and was taken over by the trustee company. At the end of 1994 it was sold to the holding company, Neue Länder. Its main market in Eastern Europe was breaking up and overwhelming competition led to its amalgamation with two other Saxon textile machinery companies to form the CSM-Sächsische Spinnereimaschinen GmbH Chemnitz, but despite producing technically, high-quality products the firm ceased production in 1998 and subsequent folded, whereupon the last manufacturing elements of the firm's long tradition finally disappeared.
caption: Share of the Sächsiche Maschinenfabrik vorm. Rich. Hartmann AG, issued 1. March 1929
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