In 1845, Absam, opened his first factory, spinning and weaving company Faistenberger, followed by others including a foundry, chocolate, boot and paint factories and a metal carpentry, aiding industrial development while mining, because of new extraction techniques and lower world prices, was in decline.
1845. aastal avas Absam oma esimese tehase, ketrus- ja kudumisfirma Faistenberger, millele järgnesid teised, sealhulgas valukoda, šokolaadi-, jalatsi- ja värvitehased ja metall-puusepatöökojad, mis aitas kaasa tööstuslikule arengule, samas kaevandamine, tänu uutele tehnikatele ja madalatele maailmahindadele, oli languses.