Word: ishikawajima
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Dates: during 1950-1959
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...Japan. If the gods do look favorably on the enterprise, it will be because of the foresight of Julien R. Steelman, 47, president of Milwaukee's Koehring Co., which supplied know-how and a small amount of capital, and Japanese Industrialists Toshio Doko and Hiroyuki Hayashi, heads of Ishikawajima Heavy Industry, which furnished most of the capital and a plant. Together they formed the Ishikawajima-Koehring Co., to provide Japan with the tools for some of its major construction projects, notably a vast hydroelectric program of the government...
...decided to go into business with Ishikawajima, which had built engines for Zero fighters during the war, and postwar had switched some of its machines into the manufacture of textile machinery. Koehring Co. took one-fourth of the stock in the new company and a royalty of 5% on gross sales. In return, it gave its technical help, and undertook to train Japanese technicians in the U.S. Since then, the company has turned out $1,000,000 worth of cement-handling equipment, increased its backlog...