Word: firm
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Dates: during 1970-1979
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...proposes that heat pumps be employed to warm the building in winter, simultaneously making ice that will be stored in huge underground bunkers until sum mer, when it can be used to cool the structures without consuming electricity. Skidmore, Owings and Merrill, the architectural firm renowned for its skyscrapers, is constructing an energy-efficient cube-shaped building for Draper and Kramer in Chicago that features three sunlit atriums. Architect Gunnar Birkerts' 14-story IBM building in Detroit is black on its north and east sides, to absorb heat, and silver on its south and west sides, to reflect...
Wood stove manufacturers and importers have not yet been subjected to a windfall-profits tax, but envious oil refiners may begin to lobby for just that any day. At the All Nighter Stove Works, in Glastonbury, Conn., President James Morande says that his three-year-old firm is producing at capacity, 480 woodburners a day, at prices that run from $379 to $689, against a demand that exceeds 1,300 a day. Business is up 122% over last year. Morande talks bemusedly of visiting a retail stove store in Portland, Ore., where ten salesmen, gracing...
...among the costliest (as high as $1,200) stoves are the cast-iron, enameled Lange and Mørso from Denmark and the Jøtul from Norway. One American manufacturer that assembles stoves of comparable quality is a down-home outfit called Vermont Castings, Inc. Two unfounded foundrymen started the firm four years ago in tiny Randolph, Vt. Duncan Syme, 42, was a sculptor with an M.F.A. degree from Yale, and Murray Howell, 34, was a bar owner and construction worker. Their meticulously crafted Defiant and Vigilant models, designed in elegant Federal period lines and selling...
Nobody will be following OPEC'S maneuverings in Caracas this week more closely than the executives of a highly secretive oil Goliath that many people have never heard of. The Arabian American Oil Co., or Aramco, is the Delaware-based firm that is jointly owned by Exxon, Mobil, Texaco and Standard Oil Co. of California. Under a geographic concession nearly as large as the state of Oklahoma, Aramco pumps almost all the oil that flows from the Croesus-rich fields of Saudi Arabia. But in Riyadh and Washington alike, Aramco is now feeling heat...
...nine months after the new employee-owned company, Republic Hose Manufacturing Corp., took over the one-story plant, productivity is up 40%, and the rate of rejected products has dropped from 8% to 1%. The firm, which today employs 130, estimates that for its first complete fiscal year it will earn a pretax profit of up to $600,000 on revenues of $7 million; that is less than the approximately $12 million in revenues of Aeroquip's final year but at least double the new owners' initial projections...