Word: alcoa
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...monopoly, started an antitrust suit that has yet to be decided. Last year the Government took a more direct route to the same end. Its RFC loaned smart little Reynolds Metals Co. $15,800,000 to build its own aluminum ingot plant (in Alabama) to compete with Alcoa. Month ago RFC advanced another $4,200,000 to Reynolds, to help with a Bonneville plant. Last week Reynolds Metals put out its 1940 report, proof that Alcoa's competitor was growing fast. Its 1940 sales were a record $29,158,000, up 42% from 1939. Net earnings were...
...Mandatory priorities" was OPM's phrase for this control. Manufacturer Reeves, many another in his spot understood precisely what the phrase meant. For him, it meant that his aluminum supplier (Alcoa) now had to send its order books to Washington once a month. Somebody in OPM would carefully scan those books, allot to each would-be buyer one of a series of preference ratings. If Mr. Reeves by some miracle were rated AA, his aluminum would be shipped posthaste. But top ratings were reserved for such MUST customers as aircraft manufacturers. Other ratings ran all the way down...
...Hansgirg's process, already in use in England and Japan, differs from the electrolytic method covered by the Dow-Alcoa patents, is claimed by Dr. Hansgirg to be better and cheaper. Brucite clay (magnesium hydroxide) from Nevada will be baked in rotary kilns to form magnesium oxide. The oxide then will be mixed with carbon and heated electrically into gas at 4,000° F. When this is cooled suddenly (from 4,000° to 380° in about 1/1,000 of a second) by blasts of cold natural gas, metallic magnesium is recovered...
...beer, ice cream and rooming-house class. But Birmingham has been the South's No. 1 industrial promise for nearly 70 years, and expansion of its steel capacity is nothing new. Aluminum plants are more exciting: not only do they look permanent, but the Reynolds plant will give Alcoa (which is also expanding its Tennessee Valley capacity) its first real competition in ingot production. But to many Birmingham businessmen, anti-aircraft shells, powder and shell loading looked like stimulants that would soon wear off. Asking themselves what a powder plant could be used for in peacetime, they found...
According to the indictments, Alcoa stopped manufacturing magnesium in 1927 and began buying it from Dow; Alcoa and I. G. Farbenindustrie also formed a patent combine (later joined by Dow) which refused to grant fabrication licenses to other processors except on condition that they buy from Dow. The alleged result: Dow was left the only U. S. producer, and the price of magnesium (now 27? a pound) was maintained about 50% over the price of aluminum (now 17?). The indictments asserted that Dow had delivered magnesium in Germany for less than its f.o.b. price...