Word: krupp
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...ALFRIED KRUPP will make bold bid to become Europe's biggest steelmaker, although allies have ordered him to sell off all coal and steel properties by end of 1958. Krupp-owned Rheinhausen Steel Works (capacity: 2,300,000 tons a year) has petitioned European Coal & Steel Community for permission to buy Bochumer Verein works (capacity: 1,560,000 tons). Krupp would pay $30 million to $40 million for Bochumer, which is controlled by his good friend, Swedish Millionaire Axel Wenner-Gren...
...Krupp von Bohlen-symbolic of the age of realism...
...firm DEMAG has built the first steel works in Egypt, Korea, Burma and the Philippines, and others for France, South Africa, Brazil and India. DEMAG-built furnaces now turn out some 37 million tons of steel a year round the world−13% of the world's product. Krupp's technicians are running up 41 waterside cranes in Pakistani ports, a dozen road-bridges in Colombia, a port coal-loading device for the Chesapeake and Ohio Railway in Newport News...
...Germany's Berthold Beitz, general manager of Krupp Industries, suggested that the job of economic world uplift is too big for the investors of any one country, instead proposed that investors form a multi-nation investment association in much the same manner that six individual contracting companies joined together to build the Hoover Dam. Such pooling, said Industrialist Beitz, would provide "a great new source of investment capital." It would be a private world bank that would receive and that would lend local currencies for investment anywhere in the world...
RUHR STEELMEN will make their first big investment in Western Hemisphere ore resources. Group of 13 ore-short West German steel firms, including Krupp complex, will open negotiations this month with Canadian Javelin Ltd., which has huge iron and timber reserves in North. If deal goes through, Germans will put as much as $45 million into new 6,000,000-ton-a-year ore processing plant in southern Labrador...