Word: alumina
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Dates: during 1940-1949
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...huge Government aluminum processing plants. Last week, for $36 million, Kaiser's Permanente Metals Corp. took title to the plants which had cost $90 million to build. The new properties: 1) a bauxite-processing plant in Baton Rouge with an annual capacity of 500,000,000 lbs. of alumina; 2) the Mead Aluminum Reduction Plant at Mead, Wash., which refines the Baton Rouge alumina, has an annual capacity of 216,000,000 lbs. of aluminum ingots; 3) the Trentwood Rolling Mill, at Trentwood, Wash., which fabricates Mead's ingots, has an annual capacity...
...found that Alcoa was a prewar monopoly but withheld judgment on its postwar status until all Government-owned aluminum plants were disposed of. Alcoa shrewdly did what it could to help the U.S. get rid of them. It turned over to the Government its patents on the extraction of alumina (the raw material for aluminum) from low-grade bauxite, thus making it possible for the Government to sell and lease aluminum plants to Reynolds Metals Co. and Henry Kaiser...
...weightiest brickbat had been the charge that Alcoa had blocked the disposal of surplus Government aluminum plants. Alcoa had refused, said SPAdministrator W. Stuart Symington, to license its patents on its process of converting low-grade bauxite into alumina (which is in turn smelted down to aluminum). This had blocked SPA's deal to lease the Hurricane Creek plant (which operates on low-grade bauxite) and Jones Mills aluminum plant to the Reynolds Metals Co. (TIME, Dec. 31). Alcoa's frail, grey-haired vice president, I. W. Wilson, had indignantly denied the charges. He did not stop there...
...Washington he sat down with Symington and held a joint press conference. Alcoa, they announced, had decided to give the use of its patents covering extraction of alumina from bauxite to the Federal Government. It can license operators of Government-owned plants to compete with Alcoa. In an atmosphere perfumed with sweet reasonableness, Wilson told why Alcoa had done it. Said he: "Mr. Symington is a very fine salesman...
...much more competition would Reynolds' big, bluff president Richard S. Reynolds give Alcoa? With Hurricane Creek, Reynolds now has a capacity of 1,755 million lbs. of alumina v. Alcoa's 2,100 million lbs. In production of virgin aluminum, Alcoa still outstrips Reynolds. But Reynolds has enough excess alumina capacity to make SPB feel that aluminum plants are no longer dependent on Alcoa...