Word: titanium
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Dates: during 1950-1959
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...opponents howled that he wanted to hand businessmen a $7,000,000-a-year tax windfall, Hodges got his bill passed in 1957. While it trimmed state revenues by $2,000,000 the first year, it also brought in new companies. The day the tax bill passed, Allied-Kennecott Titanium Corp. announced a new $40 million, soo-man plant for Wilmington. Fortnight later R. J. Reynolds Tobacco Co. (Camel, Winston, Salem) announced a $35 million, 1,800-man plant at Winston-Salem...
...mural, in ultramarine blue, cadmium red, titanium white and mars black, could be read as a simplification of the industrial process, with diced slices at the top working down through a pinball-machine principle to end in packaged products at the bottom. In fact, says Davis, the work is pure composition. The title Composition Concreète refers to "concrete music"-sounds recorded on tape, which is cut and spliced in patterns to make a composition. This emphasis is not surprising from Stuart Davis, who says that jazz is his greatest inspiration...
...titanium struggled, stainless-steel alloys were being developed to approach it in heat resistance and strength-to-weight ratio. And titanium, at $18 a Ib. for the top alloys, cannot compete with the stronger stainless steels at $2 a Ib. The big hope for producers now is to lower the price radically, make titanium cheap enough for civilian uses...
Some makers are already off to a good start in taking their eggs out of the military basket. This year's civilian orders are up 600% for Rem-Cru Titanium Inc., owned jointly by Remington Arms Co. and Crucible Steel Co. of America. The total is still small, but a few big contracts are beginning to roll in. Last week Freeport Sulphur Co. ordered about $500,000 worth of titanium tubing from Titanium Metals Corp. of America to carry a highly corrosive ore slurry at Freeport's new nickel and cobalt mine in Cuba...
Confident that better days are coming, Allied Chemical, & Dye Corp. and Kennecott Copper Corp. are going ahead with joint plans to construct a $40 million titanium production plant. But most makers figure that the large civilian market will be slow to develop. Said one titanium maker last week: "Everyone is scrambling for new markets. I don't know where we will go from here...