Word: backlogging
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Dates: during 1950-1959
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...Brazil cleared up the last of its $425 million U.S. commercial-debt backlog as Finance Minister Oswaldo Aranha's policy of ruthlessly cutting imports-powerfully aided by the coffee boom and a $300 million U.S. Export-Import Bank loan-began to pay off fast. Aranha also struck a deal to settle Brazil's ?54 million arrears to Britain. Terms: ?10 million to be paid at once, the balance in annual payments of at least ?6 million...
...while still enormous ($78 billion), were equal to only 1.6 times monthly sales, just about the pre-Korea average. And at year's end, as inventories kept dropping, purchasing agents looked for a business upswing before 1954 was many months old, as business started to restock. However, the backlog of unfilled orders still stood at $61 billion at year's end, more than twice the pre-Korea total...
...fourth of the stock in the new company and a royalty of 5% on gross sales. In return, it gave its technical help, and undertook to train Japanese technicians in the U.S. Since then, the company has turned out $1,000,000 worth of cement-handling equipment, increased its backlog...
Though Curtiss-Wright has a backlog of almost $1 billion in orders, President Hurley is taking no chances in the feast-or-famine airplane business. A full 30% of his backlog is civilian business, and he is not concentrating on engines alone. Curtiss-Wright is making electronic equipment, textile spindles, windshield wipers, precision clutches, and diesel engine governors. A plastics division makes household gadgets, nylon-molded gears, wheels, and bushings for automobiles. Says Hurley: "Eventually, I would like to match our military business with civilian business, dollar for dollar...
Automatic Baker. A.M.F. not only got a wide range of consumer products but its engineering staff has expanded from 100 men in 1945 to 1,300 today, and is good enough to land prime defense contracts. Of the company's $100 million backlog, 80% is in defense orders. Gross sales rose from $16,700,000 in 1946 to $105,800,000 last year, reached $106 million in the first nine months of 1953, half in defense orders. In almost every case, sales of subsidiary companies increased after A.M.F. took them over. And, though the company's outstanding stock...