Word: olin
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...Once, two and two made three around here. Now it makes six." So says Gordon Grand Jr., the lean tax lawyer who runs giant Olin Mathieson Chemical Corp. (1965 sales forecast: $875 million). Strange though such arithmetic may seem, it makes sense at Olin. Like many another manufacturing mammoth, the company overreached itself in a scramble to diversify a few years ago, found its profits dwindling as its debts increased. Olin is still pretty diversified-its 4,500 products include antifreeze, shotguns, rocket fuel, electric toothbrushes and paper for Bibles-but it has learned how to make its money stretch...
Last week Olin dedicated the world's largest ammonia plant at Lake Charles, La., thus increasing its substantial stake in the fast-growing world market for chemical fertilizer. The $19 million plant will produce 1,400 tons of ammonia a day, require a crew of only 32. It should eventually enable Olin to shut down its older, more costly ammonia plant at Lake Charles, where a staff of 71 produces only 350 tons a day. To take full advantage of the need for fertilizers-the world must double its food supply by 1980 just to keep even-the company...
Surrounded by Youth. Olin's five major operations are practically five different companies. Through them, Olin is the U.S.'s fourth largest aluminum producer (it was the first to raise aluminum prices, last to back down), its sixth largest chemical company and its leading manufacturer of cigarette paper. Though the company is principally a supplier to other industries, its other two divisions-Squibb drugs and Winchester-Western sporting guns-produced a third of its sales last year. All of the divisions are busy on several continents. Olin has just opened a caustic soda plant in Georgia...
Tales of Temper. It all began when Olin Mathieson, Reynolds Metals and Kaiser Aluminum announced plans to raise prices of primary aluminum about 2%, from 241? to 250 per Ib. Two days later, the Texas White House quiet ly posted a notice that White House Special Assistant Joe Califano would meet with three Cabinet secretaries (Defense's Robert McNamara, Treas ury's Henry Fowler, Commerce's John Connor) to consider ways of selling part of the Government's huge aluminum stockpile. Though the notice said nothing about prices, the New York Times, acting on information from...
...Osrow a refrigerator defroster. The housewife can also get small appliances to buff floors, mash potatoes, peel carrots, and warm her towels. The greatest successes have been the electric toothbrushes and slicing knives. Like many other of the new appliances, the toothbrush was first dismissed as a gimmick when Olin Mathieson's Squibb Division introduced it in 1960. It has become such a big seller-sales this year will reach 5,000,000-that 34 other companies have rushed to turn it out. When General Electric introduced its slicing knife nearly three years ago, retailers scoffed; today 32 companies...