Word: alcoa
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FIRST AFRICAN ALUMINUM source will be developed by Canada's Aluminium Ltd. at cost of $100 million for plants, mines, railroad, port facilities. World's second-biggest aluminum producer (first: Alcoa) will exploit bauxite mines in wilds of French. Guinea, begin reducing bauxite to alumina...
...during the bitter U-boat warfare of World War II, when the U.S. used it to transport 90 million tons of vital supplies, safe from preying U-boats in the Gulf. But the Waterway has really proved its value in peacetime. At least 500 companies (among them: Reynolds Metals, Alcoa, Monsanto, Dow Chemical) have built plants and warehouses along its banks, while thousands of others use it for cheap transportation. One enterprising Texan has built up a booming business carrying truck trailers up and down the canal by barge, thus eliminating dockside loading and speeding up the delivery of goods...
This year alone 22 companies will either build or expand plants along the waterway. Reynolds Metals is expanding; so is Alcoa, with a new $45 million aluminum plant at Point Comfort, Texas. Estimates are that the surging chemical and petrochemical industries will shoot up 70% by 1960, and the Gulf Coast will get much of the expansion. Texas alone will add $260 million worth of new plants in the next two years. Firestone Tire & Rubber is building a huge chemical plant at Orange, Texas; Dow Chemical is expanding its Freeport. Texas plant by $45 million, while Gulf Oil, Foster Wheeler...
...Alcoa Hour (Sun. 9 p.m., NBC). Sister, starring Vincent Price, Cathleen Nesbitt, Gladys Cooper...
...Kaiser Industries' vast expansion under Henry J. and his son, President Edgar F. Kaiser, 47. Edgar is also directing a $33 million expansion for Permanente Cement and a $500 million expansion for Kaiser Aluminum which will push it up to second place in the industry, 28% behind Alcoa...