Word: nylons
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...General Motors, he borrowed $35 million more (1920) to save the company from bankruptcy, soon put G.M. back on its feet. Assailed as a "merchant of death" during the early '30s, Pierre began to plow wartime profits into peacetime research, developed many profitable new chemical products (e.g., Cellophane, nylon, synthetic rubber). Resigning as chairman of the board of directors at 70, he devoted himself to philanthropy and gardening...
...already one of the world's biggest chemical producers, last week announced an expansion program such as Britain has rarely seen. I.C.I. plans to spend $364 million over the next six or seven years to expand present plants or build new ones to make everything from chlorine to nylon and Dacron-like Terylene. London was also buzzing over the company's jump into titanium. I.C.I, will gamble $10 million on a new factory, hoped to move into the market with an initial annual production of 3,000,000 Ibs. of the scarce wonder metal...
...Pont would stay out of Britain. (After Du Pont and I.C.I. came under antitrust fire in 1944, most of their deals were dropped, others canceled after they were finally convicted in 1951.) By its own admission, I.C.I, now controls almost 100% of British alkali production, has a monopoly in nylon polymer and Nitro-Chalk, produces 60% of all British dyestuffs, and 90% of its chlorine. The critics argue that I.C.I, is too big to be good, can produce or not produce at will, fix prices arbitrarily, that high profits and managerial hardening of the arteries will eventually slow down research...
...Hominy." Across the state to the west, in land long known as "hog 'n hominy country," Chemstrand's $85 million nylon plant at Pensacola was in commercial production, would soon be turning out 50 million Ibs. of yarn a year. Eight pulp and paper plants were producing at the rate of $230 million a year, having boosted capacity 50% in the past two years alone. Soon to go into production: an $18 million cellulose plant owned by Procter & Gamble...
...NYLON stockings will soon be sheerer. Karl Lieberknecht, Inc. of Reading, Pa., one of the top knitting-machine makers, is producing a new 75-gauge knitter (current highest: 72 gauge) that will turn out the sheerest stockings ever made from 12-denier nylon staple...