Word: timbers
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Dates: during 1960-1969
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...range of realty ventures is kaleidoscopic. Weyerhaeuser, the timber giant, is converting its forest holdings in five states into summer homes, lakefront recreation centers and even such ski resorts as Crystal Village, 76 miles from Seattle. Goodyear Tire & Rubber recently set aside $5,000,000 to speed the transformation of 14,000 acres of its property near Phoenix into Litchfield Park, which it hopes will become a satellite city of 90,000 people by 1985. Great Lakes Carbon Corp. is busy with six projects, ranging from a Houston industrial park to a resort and retirement center in Portugal. Hearst Corp...
...ending a regional monopoly in softwood plywood that the Douglas-fir-growing Pacific Northwest has enjoyed for decades. In the past year, three new mills have opened in Texas and Arkansas to make plywood from the faster-growing Southern pine. Weyerhaeuser Co., the world's biggest producer of timber products, is building a plant at Plymouth, N.C. Vancouver Plywood is at work on two plants in Louisiana, and at least eleven other firms are planning or building Southern plants and scrambling to tie up timber stands. Their total investment will come close to $100 million. Says U.S. Plywood President...
Plywood is migrating South partly to save freight (the South is nearer to most markets than the Northwest) and partly to take advantage of the South's rising supply of available timber, but it is a new technology that makes the move possible. New glues and dryers developed by the industry have overcome Southern pine's high moisture and pitch content, which made its wood difficult to stick together. Automated loaders and lathes can now handle pine logs, which are much smaller than fir, and peel off layers of veneer...
...June 7, 1963), Skandinaviska has long been Sweden's foremost international bank and is widely regarded as its most modern and creative financial institution. In its earliest major deals a century ago, it raised money in Germany for Sweden's infant railroad and financed Swedish iron and timber ex ports. Skandinaviska also bankrolled the worldwide ventures of Swedish Match King Ivar Kreuger to the tune of $65 million, and his collapse in the 1930s almost brought the bank down as well...
...ingenious ways to overcame the hurdles. Charles Cassius Gates Jr., president of Denver's Gates Rubber Co., has led his company abroad and diversified it so widely that it now has both egg factories and a mutual fund. To overcome the disadvantages of nepotism, Seattle's Simpson Timber has ruled that the only job open to the owners' family is the chairmanship, which is currently held by William G. Reed, 56. Racine's wax-making S. C. Johnson & Son turned the presidency over to an outsider to give 36year-old Samuel Curtis Johnson a chance...