Word: alcoa
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...holes in the tough hide of pachydermic Aluminum Co. of America since war (and Jesse Jones's millions) gave the U.S. a second aluminum producer. Less well known is the fact that there are just about as many Reynoldses in Reynolds Metals as there ever were Mellons in Alcoa. The company as a whole revolves around tiny Richard Samuel Reynolds, 61, ex-tobaccoman (Camels). But most of its parts are specifically managed by R.S.'s four sons...
Canny R.S. likes the look of the future; vis-à-vis huge Alcoa, he thinks he has a heads-I-win, tails-you-lose proposition. Reynolds will come out of the war with 160,000,000 pounds of ingot capacity, and with almost twice that much fabricating capacity. Much larger Alcoa will have about as much ingot as fabricating capacity. If aluminum demand should nose-dive as much as 50%, R.S. thinks he can keep his primary plants running full tilt, while Alcoa would have to cut ingot production and finished products in half...
...machine-tool industry, which up to 1940 had never produced more than a half billion dollars worth of products, turned out $1.3 billions. Alcoa, damned and doubly damned for the aluminum mess of 1941, smashed the ingot shortage and ended the year by producing about 88% of all aluminum in this country. Bethlehem Steel under the close-lipped Eugene G. Grace proved itself as finely tempered a war instrument as under the flamboyant Charlie Schwab. Detroit smothered some of its bitter labor-management rows under an uncataloguable output of tanks, Oerlikons, bombs, shells, time fuses and jeeps. The aircraft industry...
...sabotage school" at Brandenburg, near Berlin, graduated, were then U-boated to America. "We were to harm, wherever possible, all aluminum production in the United States. . . . The intent was to do the worst possible damage in this country. Our exact assignment was to damage aluminum plants of the Alcoa Company in Tennessee, California and Oregon, and to damage rail lines between these plants and war-production centers...
This week it looked as though WLB's decision was alread working minor wonders. Everything was quiet around Alcoa's Cleveland plant and production breezed along. But far more important was the fact that businessmen all over the U.S. gave a sigh of relief-if WLB sticks to its decision the day of reckless, hell-raising, rabble-rousing labor leaders is over. To a nation fighting for its life, that is as it should...