Word: tires
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Dates: during 1950-1959
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...Four (after Goodyear, U.S. Rubber, Goodrich), Firestone is the world's second biggest rubber company, just a shade behind Goodyear, with 1955 sales of $1.1 billion and a peak profit of $55.4 million. Firestone's start in 1900 was as hard as the jolting, solid-rubber tires of that day. It had to buck furious price competition and inflexible patent monopolies, waited three years before turning its first profit. Then it moved fast. Founder Harvey S. Firestone Sr. developed one of the first pneumatic tires, went on to pioneer the first practical nonskid tire by stamping "FIRESTONE NONSKID...
...started on a tour of his empire last week, Board Chairman Harvey S. Firestone Jr. of Firestone Tire & Rubber Co. took a long look ahead at the industry's future. "In ten years," he said, "world rubber consumption will climb 52% to 4,400,000 long tons annually. If demand is to be met, plans to expand must be put into effect now." Firestone did more than talk, he backed it with cash. His company announced plans for a $5,300,000 tire factory and a plantation in the Philippines which, starting in 1957, will roll...
...tire plant at Havana, Cuba, to be ready by 1957; plus more millions to expand existing plants in eight nations (England, South Africa, New Zealand, Canada, Switzerland, Spain, Argentina, Brazil); a big share of the $12 million cost of a new synthetic rubber plant which it will operate in Great Britain with other companies...
...TIRE PRICE INCREASE will be made in the near future, says B. F. Goodrich President W. S. Richardson. Synthetic-rubber prices have climbed about 4% to 23.9? a Ib. recently, but lower prices for crude rubber and nylon will keep tire prices about the same...
...problem, however, still remains with the midfield and defense. The midfielders have a tendency to tire late in a game and consequently relax. These letdowns, coupled with frequent lapses by the defense, have caused first-half leads to dwindle into defeats in at least three contests...