Word: product
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Dates: during 1960-1969
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...start just after World War I, when it took over rights to a bacteria-fermentation process for producing a solvent used in artillery explosives; the process had been formulated by Dr. Chaim Weizmann, who years later became the first President of Israel. It was found that a by-product of the Weizmann recipe, butyl acetate, could be used in a marvelous, quick-drying lacquer for cars. Until the Weizmann patents expired in 1936. Commercial Solvents' picture was painted rosy...
Reluctant Research. New-product research was long neglected by the papermakers, largely because of what Chairman Thomas McCabe of Scott Paper Co. terms "complacency generated by the belief that paper was irreplaceable." Even now, though the bigger paper companies have quadrupled their spending on research in the last decade, the industry's R. & D. outlay is only 0.5% of sales, v. 3% for U.S. business as a whole...
...than half the price of the U.S. original, cover a wide spectrum. They include Yalf locks, N & N chocolates, Del Mundo catsup, Pang's (Pond's) cold cream, Sehnring (Schering) drugs, and no fewer than five imitations-Hotex, Potex, Katex, Mytex and Nestex-of another familiar U.S. product...
...piracy costs U.S. companies several millions a year in lost sales, but some U.S. businessmen in the Far East consider it a backhanded tribute to the competitive strength of U.S. goods. Confesses one Formosan drug maker: "If our product does not look like the U.S. original, we cannot sell...
...Design. Massey already had a global network of distributors and assembly plants. But Thornbrough thought that M-F could make more money and keep better control of its product if it built its own manufacturing organizations around the world. In 1959 M-F took over Perkins. Ltd. of Peterborough, England, a company from which it had been buying 160,000 diesel engines a year. It quickly followed that with the purchase of the Standard Motor Co's tractor factories, in Coventry. England, and in France, then expanded into Italy, South Africa. India and Brazil. Today the company operates...