HITIAG (Hanf-Jute-und Textilindustrie-Aktiengesellschaft) was founded in 1869 by Paul Pacher von Theinburg as the first Austrian jute spinning and weaving mill in Vienna-Simmering. Five years later, a jute factory was acquired in Floridsdorf, followed by the establishment of a jute spinning and weaving mill in Budapest in 1882.