Word: goodyears
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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...
...rubber industry's war 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...
...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' earnings for a company like Goodrich.* Nevertheless all the Big Four rubber companies (Goodyear, Goodrich, U.S. and Firestone) have used guayule for years, know it can go into 80% of their products...
Neither Firestone in Liberia, Ford in Brazil, nor Goodyear in Central America, he says, have been able to find a combination of soil, climate, and labor to compete successfully with the Far Eastern plantations...
...Street, ground was broken for U.S. Rubber Co.'s new $2,750,000 synthetic rubber plant. This is the first of four plants planned by Defense Plant Corp., which handles the financing, leaves the management to the companies. The other plants will be run by Goodyear, Goodrich, Firestone. The U.S. Rubber plant when completed in about a year will have an annual capacity of 10,000 long tons-a little more than 1% of the 800,000 tons that the U.S. now consumes annually...