Word: goodrich
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Dates: during 1940-1949
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January sales of the Big Four rubber companies (Goodyear, Goodrich, Firestone, U.S.) were at record or near-record levels. Firestone shareholders were dazed by their chairman's glowing descriptions of ten new plants and additions. General Tire & Rubber, reporting a 61% increase in 1941 sales, told its stockholders "there is no occasion for fear and panic...
...work is rubber. Biggest surprise is Firestone's $20,000,000 order for 40-mm. Bofors anti-aircraft gun mounts and carriages. Weeks ahead on this contract, Firestone is also turning out machine-gun clips, other metal war goods. Goodyear is making sub-assemblies for Martin bombers. Goodrich makes fuel tanks and operates a $35,000,000 ordnance plant in Texas. U.S. Rubber makes zippers ("Kwik") for uniforms and operates an $86,000,000 arms plant in Iowa...
...produce, guayule rubber has never before got out of the pin-money class, mainly because it costs 12-15? a Ib. v. 5-10? for plantation rubber. It is too soft to replace tree rubber completely in the vast tire and inner-tube market, is chiefly used (especially by Goodrich) for impregnating the cotton strands in belting, shoes, raincoats, etc. Hence Intercontinental has never produced more than 5,000 tons a year (less than 1% of U.S. consumption); it has lost money in eight of the last twelve years; its 1940 profits were only $324,000, about 20 days...
...Intercontinental's first big customer around 1910 (when tree rubber was $2.07 a lb.) was Diamond Rubber Co., later bought by Goodrich...
Substitutes for rubber, rather than rubberlike elastomers, are Goodrich's Koroseal, Union Carbide & Chemical's Vinyon, etc. Most of these are synthetic resins, i.e., plastics flexible enough for use in hose, fuel-tank seals, etc. Thiokol, made by Dow Chemical Co., is used as a barrage-balloon coating by the Vulcan Proofing Co. of Brooklyn...