Word: kaisers
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...second quarter operated at 94% of capacity v. 55% for last year's second quarter. But he also noted that the $676 million spent by the company on cost-cutting, modernization and expansion in the last decade has a lot to do with the record profits. Kaiser Steel credited its $214 million expansion program with lifting its six-month profit 122% over last year, to $2.61 a share...
...nation's basic industry spent their days picketing or doing odd jobs at home, the U.S. this week faced another deadline that could shut down a second major industry. With contracts covering 82% of U.S. aluminum-producing capacity about to expire, the top U.S. aluminum makers-Alcoa, Reynolds, Kaiser-turned down labor's demands for the same wage package that the union failed to get from steel management. Barring a last-minute truce, the United Steelworkers (32,000 aluminum members) and two other unions (28,000 members) were ready to walk out. A stoppage in aluminum would slow...
...hearth crew does the work of seven men, that in one plant five crews are employed to move steel where four could do the job. Featherbedding has helped to break whole firms: automakers now contend that it was a major factor behind the demise of Packard, Hudson and Kaiser cars. The United Auto Workers often insist that several types of skilled workers-machinists, oilers, carpenters, metal handlers-work on a single job that management says could be handled...
...special converter. The oxygen accelerates the refining action of the metal, burns out impurities, uses less scrap metal. An oxygen vessel costs only about one-half of open-hearth facilities, turns out steel ingots in 35 minutes, v. ten to twelve hours for the open-hearth process. Kaiser Steel (which holds the U.S. rights to the patent for the process), Jones & Laughlin, McLouth Steel and Acme Steel have installed direct-oxygen furnaces. U.S. Steel and all other major companies are studying the process. Steel experts predict that by 1965 it will account for 35% of world steel capacity...
Though he was born a German, the British scarcely questioned the devotion of young Refugee Klaus Fuchs to democratic principles. His father was a Quaker theologian who had successively defied both the Kaiser and Adolf Hitler; his sister killed herself after helping her husband escape from a Nazi concentration camp. Young Fuchs was a brilliant theoretical physicist, won doctorates at both Bristol and Edinburgh. When World War II broke out, 31-year-old Fuchs, after first being interned in Canada, became a naturalized British subject and was soon recruited for Britain's secret atomic research program...