Word: plaskon
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ALLIED Chemical & Dye Corp., one of the biggest U.S. producers of heavy chemicals, will move into the plastics industry, which has been one of Allied's best customers. For about $10 million, it bought Libbey-Owens-Ford Glass Co.'s Plaskon Division, which supplies resins and other molding materials to fabricators...
...This was due partially to Plaskon Co. which became a Libbey-Owens division in April...
...fertile laboratories are those of the spectacular plastics industry. Nine years ago Mellon Institute presented Toledo Scales Co. with a urea-formaldehyde resin which combined the best features of two earlier plastics, cellulose acetate (translucent, colorable) and phenolic resin (heat-resistant, hard). Toledo Scales formed Plaskon Co., Inc., began using its plastics to replace the porcelain-enameled iron housing of its scales. But Plaskon's uses multiplied like rabbits, soon invaded gardens sacred to glass. Transparent, less shatterable, more easily molded than glass, some plastics are already used for airplane windshields. Toledo Scales' big neighbor...
Last week L-O-F President John David Biggers (famed unemployment census taker, now on the Defense Advisory Commission) met the threatened invasion head on. L-O-F bought out Toledo's 70% control of Plaskon for some $2,500,000, became the first glass company to enter the plastics field. When plastics automobile windows are built, L-O-F may well build them...
Major manufacturers of plastic materials -phenol-formaldehyde, Durez, Plaskon, many another-are Bakelite, General Plastics, American Cyanamid Co., Plaskon Co., Celluloid Corp., Du Pont, Eastman Kodak, Monsanto Chemical and Union Carbide and Carbon.* These manufacturers do no molding, sell their plastics to other companies to be shaped. The molders, in turn-excepting those like Westinghouse and General Electric, which use the products in their own business-sell their finished plastic products to the toothbrush, automobile, radio manufacturers...