Word: plywoods
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Dates: during 1950-1959
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...father's money on half a dozen promising but luckless business ventures. Now he had a new idea but he was reluctant to tap his father again. So Ottinger borrowed $500 from his mother. With it, he started a small company with a big name: United States Plywood...
Last week President Ottinger, now 66, rose before his stockholders in the plywood-paneled Manhattan offices of the world's largest plywood producer to report on his company. In August, sales had set a new monthly record of $9,600,000, and this year they would easily top $100 million (v. last year's $69.2 million). Barring higher taxes, Ottinger predicted that U.S. Plywood's net profit would be $9,000,000 this year ($6.18 a share), more than double last year...
Furthermore, he said, there was no danger of any wartime shortage of plywood, thanks to the enormous expansion of plywood production. The industry is currently producing fir plywood at the rate of 2,800,000,000 board feet a year, double the production rate established in World...
...molded plywood chair that California's Charles Eames helped to design ten years ago is a sort of model T in modern furniture. Some 60,000 of the spindly, plain but surprisingly comfortable chairs have been sold, and today they can be found under the rumps of connoisseurs across the nation. Last week Designer Eames had tooled up a brand-new $175,000 factory, was turning out the first 3,000 models of his 1950 line...
...things besides chairs. He works with three admiring young assistants in a studio littered with kites, machine tools, Indian relics, driftwood and desert plants, all of which help give him ideas for new designs. At one time or another, Eames has tackled everything from movie sets to a molded plywood splint used by the Navy during the war ("A forerunner of the furniture," says Eames, "because it supported the body and was sympathetic...