Word: massena
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Dates: during 1940-1949
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...Department of Justice had asked the courts to break up the Aluminum Co. of America. Last week another federal agency, the War Assets Administration, approved a deal to make Alcoa bigger. It sold to Alcoa, for $5,000,000, the Government's $19 million aluminum reduction plant at Massena...
...Massena...
...committee thought the Government should have: final word on plant sites and specifications, permission to inspect Alcoa's own plants and cost figures for comparison with the Government-owned operations, etc. To criticisms that the contract set no starting dates, they replied that the first plant (in Massena, N.Y.) should start production next...
...plants will be in Massena, N.Y., the Bonneville Dam region, somewhere in Arkansas. In Arkansas Alcoa will also build a plant to produce 400,000,000 lb. a year of alumina (intermediate step between bauxite ore and the finished metal). The plants (cost: $52,000,000) will be operated by Alcoa under a five-year lease. For its managerial services, Alcoa will get a meager 15% of the profits, the Government the rest...