Word: cementing
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Dates: during 1950-1959
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...investors regarded the cement industry as profitable-until recently. But in last week's bull market, cement stocks were holding their own with aircraft and oil. Riding the construction boom, they have doubled in price in the last year, while extra dividends and stock splits have become common. In the last month alone, North American Cement Corp. split its stock 4 for 3 and General Portland Cement split...
There was plenty of reason to be enthusiastic about the industry. The 157 active U.S. plants are operating at 90% of capacity and producing 21 million bbls. of Portland* cement monthly. Last year they shipped 280 million bbls., 20 million more than in 1953 and 80 million more than in 1949. And with a record-breaking $39.5 billion worth of construction scheduled in 1955, industry leaders are embarking on big expansion programs. Lehigh Portland Cement Co. of Allentown, Pa. is spending $15 million to boost its annual capacity by 3.000,000 bbls.; Universal Atlas Cement Co., a U.S. Steel subsidiary...
...copper and cement compound to keep the floors of industrial kitchens and barns sanitary...
...cement that can be mixed with soil to make airport runways, driveways, canal linings and dam facings...
...most solid base for the new enthusiasm and optimism of cement men is President Eisenhower's proposal for a $101 billion, ten-year state and federal highway program. It is the biggest reason why they are ordering enough rock-crushers, conveyor belts, tube mills, rotary kilns and other equipment to boost the industry's capacity by about 30% in the next five years...