Economy of Aberdeen

paper having been first made there in 1694. Paper-making has reduced in importance since the closures of Donside Paper Mill in 2001 and the Davidson Mill in 2005 leaving the Stoneywood Paper Mill with a workforce of approximately 500. Textile production ended in 2004 when Richards of Aberdeen closed.

Grey granite was quarried at Rubislaw quarry for more than 300 years, and used for paving setts, kerb and building stones, and monumental and other ornamental pieces. Aberdeen granite was used to build the terraces of the Houses of Parliament and Waterloo Bridge in London. Quarrying finally ceased in 1971. The current owners have begun pumping 40 years worth of rain water from the quarry with the aim of developing a heritage centre on the site.

Fishing was once the predominant industry, but was surpassed by deep-sea fisheries, which derived a great impetus from improved technologies throughout the 20th century. Catches have fallen due to overfishing and the use of the harbour by oil support vessels, and so although still an important fishing port it is now eclipsed by the more northerly ports of Peterhead and Fraserburgh. The Fisheries Research Services are headquartered in Aberdeen, and there is a marine research lab in Torry.

Aberdeen is well regarded for the agricultural and soil research carried out at The James Hutton Institute (formerly the Macaulay Land Use Research Institute), which has close links to the city's two universities. The Rowett Research Institute is a world-renowned research centre for studies into food and nutrition located in Aberdeen. It has produced three Nobel laureates and there is a high concentration of life scientists working in the city.

As oil reserves in the North Sea decrease there is an effort to rebrand