Word: krupps
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West Germany's steel industry rose from the ashes to surpass its prewar record in steel production, has raised its capacity to 29.3 million tons yearly. Led by the huge combines of Alfried Krupp and August Thyssen-Hutte, the German industry is flexing its muscles, reconcentrating once more to make itself more efficient, aggressively seeking out new markets from India to South America. In Great Britain, heavily bombed in the war, the steel industry is now among the world's most modern. Britain's biggest steel company is United Steel Companies Ltd., whose chairman, Sir Walter Benton...
MANY of the cover subjects added a fillip to their autographs. Alfred Krupp returned his signature with a note from his secretary saying that the Ruhr industrialist rarely gave his autograph, but was making an exception. J. Paul Getty, one of the world's richest men, wrote his name in pencil, and Kim Novak wrote, "Best wishes...
...firms. Germany's once huge aircraft industry has been pulled together into two big "North" and "South" industrial units, composed of such famous firms as Heinkel, Messerschmitt and Dornier. The government has already awarded them contracts to make 200 F-104s and other foreign planes under license. A Krupp subsidiary, "Weser" Flugzeugbau, has been commissioned to design a medium-range transport. In March, Strauss's Defense Ministry parceled out $520 million in military spending, five times the average of any preceding month...
...Eight. The trend toward reconcentration of West German industry affects more than Krupp. Eight big firms-Krupp (with Bochumer Verein), Dortmund-Horder Hlittenunion, Phoenix-Rheinrohr, Mannesmann, Hoesch Werke, Klockner-Werke, August Thyssen-Hütte, Hüttenwerk Oberhausen-control 75% of West Germany's steel production, almost 40% of German coal...
...even tighter, August Thyssen-Hütte, one of the keystones of a huge Third Reich steel combine of 177 companies, has applied to the High Authority to merge with Phoenix-Rheinrohr, West Germany's third biggest steel producer. The move would create a giant even bigger than Krupp-Bochumer Verein, with a 6,000,000-ton capacity and nearly $1 billion in sales. Mannesmann, the No. 4 steel producer, recently eliminated several of its subsidiaries, absorbed them into the main firm. The trend to growth extends beyond iron and coal. Friedrich Flick, a prewar steel baron...