 In 1895, the factory in the German neighboring town of Singen on the Hohentwiel was opened as a branch enterprise of the Schaffhaus Main Works, in order to avoid the high German custom fees.In order to meet the increasing capital requirements, Georg III converted the individual company into the «Aktiengesellschaft der Eisen- und Stahlwerke von Georg Fischer» in 1896, which was initially led by the Fischer family.By the turn of the century, the company had a workforce of 1600 employees.