Word: cyanamid
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...Thus slowed, the neutrons were much more likely to be captured by other elements, making them radioactive. A friend of the scientists, Gabriel M. Giannini,* thought the process might have commercial value, but practically no one else did. Such great U.S. companies as Du Pont, General Electric and American Cyanamid showed no interest...
...booming chemical industry, Union Carbide and Carbon Corp. reported record sales in the first six months, and net income of $52,478,580, up from $46,440,458 last year. American Cyanamid Co.'s net income was up from $14,856,000 to $15,679,000; the six-month net of Mathieson Chemical Corp. was $8,828,633 v. $5,135,516 a year...
...Team. At first glance, the merger is a strange one. For years, Mathieson's chief business has been in basic chemicals, Squibb's in consumer products. But following the lead of American Cyanamid, which is now cashing in on antibiotics, Nichols thinks the Squibb merger makes sense and fits neatly into his aggressive expansion policies...
Another strategic metal which has been in great shortage is cobalt, vital for hardening jet engines to resist intense heat. Last week the ingenuity of U.S. industry promised to boost the supply of cobalt 40% by 1953. Source of the promise: a new chemical refining process developed by American Cyanamid Co., fourth biggest U.S. chemical company...
While the U.S. has deposits of cobalt ore, much of it is low-grade and expensive to recover. As a result, 90% of the cobalt consumed by the U.S. (more than 8,200,000 Ibs. a year) comes from Africa, which has abundant supplies. Cyanamid's process, developed by its Chemical Construction Corp. subsidiary, will enable the U.S. to utilize its own low-grade ores more cheaply, and produce pure cobalt from them at a much faster rate. For example, Howe Sound Co., for which "Chemico" is building a new $2,500,000 Utah plant to utilize the process...