Word: kaisers
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Dates: during 1950-1959
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...construction everywhere gave a measure of changing industrial tides. At Ashtabula, Ohio, Union Carbide broke ground for a $32 million plant to turn out titanium sponge. In New Orleans, a $7,000,000 Shell Oil building was nearly ready; nearby Kaiser Aluminum & Chemical got set for a $25 million expansion. Chicago's face was changing, with scores of new projects ranging from a $50 million medical center to the $46 million Lake Meadows slum-clearance project and a $6,000,000 pretzel plant for Nabisco. Nobody who toured the ribboning express roads around Boston could conclude that New England...
...auto market has risen from 41.7% to 49.9% (and Ford's has gone from 22.8% to 30.8%), Chrysler's share has plummeted from 21.3% to 13.5%. The former independents, which in 1952 accounted for 13.2% of auto sales, have dropped this year to 5.8%. Studebaker and Packard, Kaiser and Willys, and Nash and Hudson have had to team up to stay in business...
...retired. Fred Ferroggiaro has been with the bank longer than any other employee, starting as a messenger boy in 1906. He was made vice president in 1931, executive vice president in 1940, and from 1944 on also supervised the bank's major loans (e.g., to Henry Kaiser, Israel, etc.). Given the chairmanship as an honorarium, he will retire on his 6 5th birthday next May. ¶ Carleton Putnam, 52, announced that he would step down as board chairman of Atlanta's Delta Air Lines, Inc. this week. A well-to-do Princeton graduate ('24), Putnam bought...
President Juan Perón has had more nibbles than bites since he began fishing for U.S. private-investment capital 14 months ago. Last week he landed his first catch: U.S. Industrialist Henry Kaiser, who signed a contract to manufacture cars and trucks in Argentina. Said Kaiser: "In all my life, I have never met anybody as effectively dedicated to the promotion of an automobile deal as General...
Under the terms of the deal, Kaiser and the state-owned IAME (Aeronautical & Mechanical Industries Corp.) manufacturing trust will hold 51% of the stock in a new automobile plant to be built and operated by Kaiser. The rest of the stock will be sold to private investors in Argentina. Kaiser will put up some $10 million, mostly in automaking equipment, and IAME will put up $5,700,000. Planned yearly production (by 1957): 40,000 vehicles-passenger cars, station wagons, jeeps and light trucks. Argentina has been car-hungry since 1947, when restrictions to save dollar exchange cut imports...