Word: krupps
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Into the oak-paneled upper hall of Villa Hügel, the forbidding, 200-room castle outside Essen where the Krupp munitions dynasty has lived for 81 years, went 500 veteran workers one morning last week to hear a report on Krupp's affairs. Never before had any Krupp ever condescended to report to his employees; never before had any worker been invited to the "House on the Hill." Alfried Krupp von Bohlen und Halbach, 46, great-grandson of Founder Friedrich Krupp, himself gave his workers the good news. Despite Allied restrictions, Krupp grossed $238 million last year...
...these arguments. Nehru replied that since India is also going to buy a smaller steel mill from West Germany's Krupp combine, no "politics" could be involved. Last week Private Enterpriser Krishnamachari had enough, and quit Nehru's Cabinet. "Nehru is a dictator." said he. "I see no more usefulness for my services ... I have shaken the great man's hand for the last time...
CYRUS EATON is negotiating with Krupp and Germany's other big steel producers to supply them with iron ore from his enormous Ungava Bay deposits near Quebec's northern coast. German technicians have already surveyed the site, are considering supplying mining equipment and building docks at a deep-water harbor less than 20 miles from...
...moving back into the international markets with cut-rate prices. On a contract to build 100 steam locomotives for India (to be paid for by the Foreign Operations Administration), the Japan Rolling Stock Exporter Association bid $81,470 each, 7% under the bid by Germany's Friedrich Krupp, less than half the $178,200 bid by Philadelphia's Baldwin-Lima-Hamilton locomotive works...
...Mexico Erhard discussed building a new steel mill for his hosts in Durango; newspapers reported that Alfred Krupp was on his way to the country to confer about new industrial plants. In Peru, Erhard helped inaugurate a new steel tubing mill equipped with German machinery. In Brazil, where a German steel tube plant is going up in Minas Gerais and a Volkswagen assembly plant is to be started in June, a $142 million trade treaty with Bonn provides that $50 million of German goods will be used this year in Brazilian undertakings...