Word: mannesmann
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...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...
...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 who was forced to sell off many of his holdings after he was sent to prison...
...Mannesmann Tube Co. of Dusseldorf, Germany, largest steel-tube maker there, last week privately borrowed $5,000,000 in the U. S. through the American & Continental Corp. (U.S.) and M. M. Warburg & Co. (Hamburg, Germany...
...announced last week that the Mannesmann brothers (German industrial magnates in the Ruhr) had sold their Moroccan properties. The Mannesmanns, Reinhard and Max, now men in their late 60's, eminent industrial metallurgists, many years ago bought up many valuable properties from Moroccan sheiks. These properties were involved in the famous Agadir incident which brought the erstwhile Kaiser down to Morocco with diplomatic complications several decades ago. During the war the Mannesmann properties in French Morocco were confiscated. Now they have sold their property in the Spanish zone...