Word: alcoa
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Dates: during 1940-1949
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...Alcoa's new plants will relieve but not end the aluminum shortage. Still uncontracted for is the rest of the expansion program announced by OPM shortly after the Senate investigation: four plants aggregating 260,000,000 lb. capacity to be operated by Reynolds, Bohn Aluminum & Brass, Union Carbide & Carbon, Olin Corp. Present capacity plus the new Alcoa expansions totals 1,200,000,000 lb. a year. Estimated Army, Navy, Lend-Lease and "essential" civilian requirements...
...plants will be in Massena, N.Y., the Bonneville Dam region, somewhere in Arkansas. In Arkansas Alcoa will also build a plant to produce 400,000,000 lb. a year of alumina (intermediate step between bauxite ore and the finished metal). The plants (cost: $52,000,000) will be operated by Alcoa under a five-year lease. For its managerial services, Alcoa will get a meager 15% of the profits, the Government the rest...
...same time Alcoa cut its price, starting Oct. 1, from 17? to 15? a lb. Although Jesse Jones, who announced it, had a part in its timing, the cut itself was part of Alcoa's benevolent-despot policy of cutting prices as production increased. The cut was made timelier by the coolness between Alcoa and newcomer Reynolds Metals Co., each of which distrusts the other's cost-price claims. In any case, it will save the Government about $15,000,000 a year on aluminum...
...Biggest: Alcoa's at Alcoa, Tenn...
Stung by the Senate's remarks on its (and Alcoa's) slowness in meeting the aluminum shortage (TIME, July 7), OPM also announced that TVA and Alcoa had agreed on construction of 100,000 kw. of hydro capacity at Fontana, N.C., ending a long squabble over who would pay for the project. (TVA grabbed the check, subject to getting funds from Congress...