Word: alcoa
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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...
Chief Wilson's rise in Alcoa is as spectacular as the company's growth. From his first job as research technician he quickly moved on to assistant director of research. After serving as a major in chemical warfare during World War I, he went back to Alcoa and at 31 was in charge of Alcoa's aluminum reduction plants. At 40 he was vice president and running all the company's production. During World War II he supervised Alcoa's $300 million expansion, in addition was put in charge of the $450 million worth...
With President Roy A. Hunt, 69, stepping up to chairman of the executive committee after 23 years as Alcoa's boss, Wilson was the only man for the job. Alcoa thinks he knows more about aluminum than any man in the world...