This is the only foundry in Central Europe preserved as a monument, with a museum of foundry history operating in it. The museum hall built between 1858 and 1862 is Hungary's only remaining building with shed-roof mounted on Howe-type wooden grid structure.

Initially it was an iron foundry founded by Ábrahám Ganz (born in Unter Embrach, Zurich County, Switzerland, in 1814, died in Pest, Hungary, on December 15, 1867). Chilled iron railway wheels, railway-crossing points, corn milling rolls were produced on the base of Ganz's patent.

The production according to the original technology was continued until 1964 when the factory situated by then in the very city centre was closed and with the preserved equipment of the chill casting shop transformed into a historical museum of the trade.