Word: alcoa
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...production cutbacks are likely to depress industry in Europe far more deeply than in the U.S. Argus Research Corp., which analyzes securities, speculates that reduced capital spending in Europe will hurt Westinghouse worse than General Electric, whose foreign operations are mostly in Canada and South America. Kaiser and Alcoa, which market little of their aluminum abroad, will not suffer as much as Alcan Aluminium and Reynolds Metals, which...
...past two decades, private American investors have poured some $275 million into the Greek economy, dotting the landscape with factories bearing such names as Dow Chemical, Goodyear, Upjohn, Westinghouse. Lately, officers of Alcoa have been discussing construction of a $100 million aluminum plant...
Coveting no such distinction, General Motors chiefs temporarily canceled a $107 per-car price increase that had been pending before the now-defunct Price Commission. On the other hand. Alcoa decided to risk raising its prices on some products. Aluminum price rises have been expected because of a jump in demand, and the company apparently relied on that fact to shield it against federal displeasure...
Reflecting the economic surge, profits are rising smartly and are likely to show an after-tax gain of some 18% this year over 1971. While second quarter earnings declined at some major companies-including Alcoa, Republic Steel and Magnavox-most corporations reported significant improvements over last year's second quarter. A sampling of the biggest increases: Colorado Interstate up 38%, Metromedia 50%, Honeywell 64%, St. Regis Paper 81% . Alltime high earnings for any quarter were registered by Xerox (up 19%) and IBM (up 22%). A sure sign of a reviving economy was the improved earnings of the airlines...
...International Nickel Co., of Canada, last June reported finding "significant" nickel deposits on the island of Sulawesi but does not expect to begin production before 1975. By then it will have constructed a $200 million mine and ore-processing plant. Others are not even that close to production. Alcoa is prospecting for bauxite in west Kalimantan and north Sumatra; N.V. Billiton Maatschappij of The Netherlands for tin off the shores of Bangka and southwest Kalimantan; and a Kennecott Copper Corp. subsidiary for all kinds of minerals in West Irian, central Java and Sumatra...