Word: skf
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Dates: during 1940-1949
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...weeks the U.S. has turned up the heat on the giant Swedish ball-bearing trust, SKF, trying to make it stop exports to Germany. Last week the heat backfired. In Philadelphia, where SKF's U.S. subsidiary has three plants, production of bearings-now a No. 1 shortage...
...slumped drastically. The reason: SKF employes, confused by all the niff-naw, thought that the bearings they were making were going to Germany...
Hastily, WPB Vice Chairman Bill Batt, who is also president of the U.S. subsidiary SKF Industries, Inc., flew to Philadelphia. Flanked by Army and Navy offi cials, he stood on a flag-bedecked plat form to assure his 8,000 workers that SKF Industries is an "American company operated by American people." The Treasury and the Alien Property Custodian, which have been quietly probing SKF Industries, chimed in with praise for its "excellent'' war record. But many a question about SKF was still unanswered...
...round in the devious battle of metals when Turkey suddenly agreed to cut off chrome shipments to Germany. This decision may help in the war on SKF: Sweden also gets its chrome in Turkey, shipped overland via Germany, and without it most bearings cannot be made...
...SKF's U.S. branch has four factories, all greatly expanded by U.S. war production...