Although many Icelanders cringe at the idea of bringing heavy industry to Iceland today,
it was Constable Skúli Magnússon, dubbed the “Father of Reykjavík,”
who first brought factory production to Reykjavík with the so-called
“Innréttingar” industrial workshops.
If you visit Viđey Island you can still see his residence, where he lived from 1754 until his death. Sculptor: Guđmundur Einarsson

From http://www.whatson.is/reykjavik-foot-parks-statues/