In 1846, construction began in İzmir on the Halkapınar Paper Mill, one of the Ottoman Empire’s important paper-production enterprises. It was established during the period of the Tanzimat reforms and industrialization to meet the growing demand of state institutions and the printing industry.

Ohanes Dadyan, an Armenian, played an important role in the conception and technical organization of the factory. Management of the factory was entrusted to Hagop Çelebi Düzyan, a representative of the Düzyan family who had previously served at the Ottoman Imperial Mint.

The paper produced at the factory was soon sent to Constantinople and used by state and official institutions. The products bore the “Eser-i Cedid” mark, which became a symbol of high-quality locally produced paper.

The factory closed in 1864 due to financial difficulties, equipment problems, delays in payments for government orders, and competition from European paper. It operated for around two decades, but its history remains a noteworthy example of industrialization in the Ottoman Empire and the contribution of Armenian entrepreneurs and specialists.