The Edison Ore-Milling Company was a venture by "Thomas Edison that began in 1881. Edison introduced some significant technological developments to the "iron ore milling industry but the company ultimately proved to be unprofitable. Towards the end of the company's life Edison realised the potential application of his technologies to the "cement industry, and formed the "Edison Portland Cement Company in 1899.
Edison had recognised the scarcity of iron ore in the 1870s, particularly in the east of the United States. His developments in the field of "electricity meant that he had sufficient finances to invest in other projects. Discovering that beach "sand contained relatively high deposits of "iron, he decided to form the Edison Ore-Milling Company in 1881. He patented a method of extracting the metal using a large "electromagnet after developing the process in an addition to his laboratory. The remaining deposits of iron in the eastern side of the United States were of poor quality, and the difficulty in separating it from the rock and other debris made it unprofitable. Edison believed that his method was a cheaper alternative, allowing him to keep costs down. "William Kennedy Dickson had been put in charge of much of the laboratory and further refined the techniques along with mining expert John Birkinbine. However, the market for Edison's iron was not sufficient to bring in a profit and the operation was closed down after just a few years.
After a short time away from the industry, Edison decided to return, adapting his methods to crush rocks brought up directly from a "mine. He opened a plant in "Bechtelsville, "Pennsylvania near to existing iron mines as a trial before building one of the world's largest ore-crushing mills in "Ogdensberg, "New Jersey. Completed in 1889, the factory contained three giant electromagnets and was intended to process up to 1200 tons of iron ore every day. Technical difficulties repeatedly thwarted production.
Edison formed the "Edison General Electric Company in 1890 but it only lasted two years, merging in 1892 with the "Thomson-Houston Electric Company to form the "General Electric Company. He redirected his interest back to iron ore, having high hopes for what he could achieve: "I'm going to do something now so different and so much bigger than anything I've ever done before people will forget that my name ever was connected with anything electrical."
That year, he closed the Ogdensburg plant for upgrades, using the sale of stocks in General Electric to install new equipment that would be able to output even more iron ore. When it reopened, the earlier problems persisted and Edison once again had difficulties finding customers.
Eventually Edison realised that the company was a failure, shutting it down in 1899. Edison commented about the financial losses, "it's all gone, but we had a hell of a good time spending it."
The manufacturing process produced a large quantity of waste sand, which the company sold on to cement manufacturers. The properties of the sand were particularly suitable for cement, leading to a harder, more durable product. Selling off the ore-crushing technology to mine owners, Edison decided to switch to the cement business, reusing some of the technology he had developed for ore-milling.