Word: corpe
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Dates: during 1950-1959
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...concentrates, which fill half of U.S. needs, will end in the early 1960s. In all, AEC wants to add about 3,000 tons of ore to the U.S. daily milling capacity of 20,400 tons previously planned for 1962. As a first move. AEC announced negotiations with International Resources Corp. to build a new mill in one of the Dakotas with a daily ore capacity of 600 tons...
...gummy mess of sulphur, carbon and hydrogen in an attempt to find a better, cheaper antifreeze. What he got was not antifreeze but one of the first types of synthetic rubber. He named it Thiokol (after the Greek for sulphur and glue), and with friends formed Thiokol Chemical Corp. As a rubbermaker, Thiokol did not go very far saleswise (one reason: it smelled so foul that it was dubbed "synthetic halitosis"). But since the age of space, the company has rocketed because Thiokol is a chief component in most solid rocket fuels. Thiokol powered the second, third and fourth stages...
Thiokol sales have gone from $4,800,000 in 1951 to last year's $31 million, which brought net profits of $1,452,000 (but still far behind the $162 million sales of its chief competitor. General Tire & Rubber Co.'s Aerojet-General Corp.). Though Thiokol's first-quarter sales are off a bit because some of its military contracts ran out and one plant was damaged by fire, Thiokol expects a 50% gain for all of calendar 1958. Reason: solid fuels are far simpler and safer to handle than liquid fuels that require a maze...
...challenges (and to hedge its bets on the solid-fuel boom). Thiokol is diversifying into other fields. Last year it edged into electronics by picking up Washington, D.C.'s small National Electronics Laboratories (sales: about $500,000), and last month it bought up Pennsylvania's Hunter-Bristol Corp. (sales: $2,000,000 from electronics, aircraft and missile components, etc.). It has joined with Gallery Chemical Co. (25% owned by Gulf Oil Corp.) to explore boron-based solid fuels...
Thiokol has set its most ambitious expansion for next week: a merger with Reaction Motors Inc., a major maker of liquid-fuel rocket engines (TIME, May 27), owned 49% by Olin Mathieson Chemical Corp. and 23% by Laurance Rockefeller. The merger will give Thiokol all of Reaction's $16.5 million missile contracts, including those for the liquid rocket engines for North American's piloted X-15 plane, which is expected to climb to 100 miles, and may well be the first step to manned outer-space travel. With Reaction (1957 sales: $24 million) Thiokol expects to swell...