Word: coste
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Dates: during 1950-1959
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...rates to the booming South and Southwest. Furthermore, it has no single customer who takes as much as 10% of its output. Granite City owes its prosperity even more to a forward-looking $33 million expansion program that has already hiked its capacity 47% and slashed the per-ton cost of annual ingot capacity. Now producing at an annual rate of 1,320,000 tons, Granite City will have upped its output by 217% from 1947 when it reaches peak efficiency next year (v. a 61% hike for the rest of the industry...
...hard-driving management team, led by President and Board Chairman Nicholas P. Veeder, 48, that is out to prove that the little fellow can still compete successfully with the giants. By stepping up the productivity of existing facilities, the company has managed to hold down the cost of expansion to $67 a ton, v. up to $150 for other steel companies that had similar programs. While other firms laid off workers during the recession. Granite City Steel increased its labor forces from 4,943 a year ago to a record 5,050 today. During the first half of 1958. when...
Today Behlen's frameless buildings are used for everything from grain elevators to supermarkets and churches. The buildings can be raised by 20-man crews in two or three days. A Behlen supermarket including interior costs $7 per sq. ft., about half the cost of a conventional structure. With his bigger plant, Behlen expects to boost his gross from about $16 million this year to $25 million in 1959. But he deprecates his inventive skill, feels he only applied old principles to new uses. Says he: "Any engineer can design a complicated gadget that can't be produced...
...wagon), is an almost exact duplicate of the 1901 model right down to its bicycle-type wheels, chain drive, steering tiller and three elegant brass lamps. It can reach speeds of 35 m.p.h. with its 4 h.p. air-cooled engine, gets more than 60 miles to the gallon. Cost: $1,495 f.o.b. Ft. Lauderdale...
...well aware that they will always have to cater to geographical and financial variations in consumer taste, that obsolescence is a necessary part of progress. But the recession made many businessmen see that they had carried it too far. Too many models are worse than too few, have cost both manufacturer and consumer some of the benefits of mass production, e.g., lower prices, ease of production. What is needed is a happy medium in which the consumer can have plenty of choice-and his saving...