Šipad was the largest Bosnian producer and manufacturer of wood and lumber products and furniture. The conglomerate was founded in 1892 by German industrialist Otto von Steinbeis in the Bosnian town of Drvar. The company was known as the Bosnia Company until 1893, when von Steinbeis expanded and renamed it. After the First World War, with the formation of the Kingdom of Yugoslavia, it grew into one of the largest Bosnian industrial organizations. Between 1927 and 1937 Šipad exported 150,000 m3 of lumber annually. More information...
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