Word: aluminum
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Dates: during 1970-1979
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...Bere, chairman, Borg-Warner Corp.; Theodore F. Brophy, chairman, General Telephone & Electronics Corp.; Philip Caldwell, vice chairman of the board, Ford Motor Co.; Michael D. Dingman, chairman, Wheelabrator-Frye Inc.; Edwin D. Dodd, chairman, Owens-Illinois, Inc.; Donald N. Frey, chairman, Bell & Howell Co.; W.H. Krome George, chairman, Aluminum Co. of America; Henry J. Heinz II, chairman, H.J. Heinz Co.; William A. Hewitt, chairman, Deere & Co.; Barron Hilton, president, Hilton Hotels Corp.; Matina S. Horner, president, Radcliffe College; James R. Kerr, chairman, Avco Corp.; Robert E. Kirby, chairman, Westinghouse Electric Corp.; Walter J. Levy, president, W.J. Levy Consultants Corp...
...events in 1975 set the aluminum executives on a new course, which has been better for the industry but more inflationary for the economy. The strategic stockpile, used by the Government to discipline the industry's efforts to increase prices, was virtually depleted. More important, the race to add new capacity was halted. The reason: it now costs $2,000 per ton (double the figure of five years ago) to build a new plant, according to Cornell Maier, president of Kaiser. That considerable figure does not include the costs of developing sources of bauxite, the reddish, earthy raw material...
...suppressing the urge to expand, aluminum producers are now ensconced comfortably in a sellers' market. Capital expenditures are aimed mainly at such things as moneysaving computer controls and materials-handling equipment and the reduction of energy costs. In addition, the big companies are eagerly spending to install machinery that transforms metal into fabricated products such as aluminum cans, electric cable, auto components and building materials. Adding value to ingots increases profits...
Lack of a comprehensive energy policy makes the aluminum companies nervous about committing huge sums for new facilities; they cannot be sure that fuel will be available to produce the electricity consumed in gigantic quantities by aluminum smelters. On top of that, the endless rounds of litigation by conservationists delay the construction of new power plants, thus directly affecting plans for new aluminum smelters. A possible result: a shortfall in U.S. production in the early 1980s, which would add to the nation's trade deficit because fabricators would be forced to import more and more aluminum. Says one exasperated...
...surrealist whimsy- Mysterious bird of Ulieta, or, in a sardonic little pun, Steller 's albatross- were birds' names picked from an ornithological textbook. The paintings court vulgarity every inch of the way. Their forms, based on the French curves used by architectural draftsmen, are cut from honeycombed aluminum. But they are loaded with color, blaring with the kind of greedy, apoplectic vitality. On first sight, they look as though a squad of glue-snorting graffitists had been let loose with crayons, spray cans and party glitter in a constructivist warehouse. Surfaces that Stella would once have left pure...