Industrialist and philanthropist Milan Vapa (1875-1939) established his cardboard and paper business in 1905 but decided to build a new, proper factory as the business expanded. He built a modern factory between the Senjak neighborhood and the Sava river from 1921 to 1924. Designed by Karl Hanisch, the was located next to the Old Railway Bridge, had its own pier, water pump, power plant and railway branch, electric crane, ambulance, chapel. The paper mill was equipped with the moderns German machines. It was the first industrial object built purposely for the paper production in Serbia and was the only one in the next 30 years. The factory was nationalized after World War II by the new Communist authorities and in the 1950s the machines were dismantled and relocated to Ada Huja.