Word: alcoa
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Dates: during 1950-1959
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...three times as much as any operating U.S. press (although, at the time, the Mesta Machine Co. was making an 18,000-tonner). But the Russians snatched the world's largest, a 33,000-tonner. The U.S. later turned the two German presses over to Bohn Aluminum and Alcoa to experiment with aluminum forgings. But while the Russians put their big press to work and started building a 55,000-tonner the Germans had designed, a U.S. big press program lagged. Last week it got into high gear...
...produced in the Pacific Northwest, normally the source of abundant hydroelectric power. But last week that power was growing scarce; the Columbia River, which is studded with dams (Grand Coulee, Bonneville), was at the lowest level in 20 years. As a result, aluminum's Big Three-Alcoa, Reynolds and Kaiser-were forced to cut their Northwest production as much...
Since Harvey was an unknown in the aluminum-producing business, aluminum's Big Three-Alcoa, Reynolds and Kaiser-flinched a bit at the news that the Government was dealing him in as No. 4 at their table. But Leo Harvey pointed out that Reynolds and Kaiser also had very little experience in making aluminum until the Government put them in the business...
Wilson had good reason for his candid answer. When he decided last winter that the U.S. needed a second boost in aluminum capacity, he wanted to get it from those who had the know-how to supply it -Alcoa, Reynolds and Kaiser, the industry's Big Three. But Celler, who heads a House subcommittee investigating monopolies, objected. The U.S. had just beaten down Alcoa's monopoly, said he; now it was threatened by an "oligarchy" in aluminum. When the Justice Department gravely nodded its head in agreement...
Instead, Charlie Wilson, fed up with the delay, prodded out quick tax write-off approval for the expansion plans of the Big Three: an 85,000-ton Texas plant for Alcoa, a 120,000-ton expansion for Kaiser, 20,000 tons of new capacity for Reynolds at Longview, Wash. Total approved expansion for the Big Three since Korea: 545,000 tons. Approved expansion by newcomers: 0. Even Manny Celler and the Justice Department had finally come around to the view that if the U.S. wanted more aluminum fast, it had to go to the people who had the money...