Word: wetzlar
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Divesting the Dismantler. Völklingen, the Saar's biggest single industrial operation, is the base of the Röchlings' 250-year-old empire, which spills into West Germany with a coal field near Aachen, a steel business at Mannheim, an iron works at Wetzlar. The family's real rise to power began under sword-scarred Hermann Röchling, prime mover of the Saar's vast industrial buildup of the early 1900s. As a war mobilizer in the Kaiser's army in World War I, Captain Röchling ordered the scrapping...
Died. Dr. Ernst Leitz, 85, bushy-browed boss (since 1920) of Germany's famed Leitz optical works (Leica cameras) and son of the founder; in Wetzlar, Germany. The Leitzes first introduced the Swiss watch industry's mass production technique to microscopy, later (1924) added the Leica as a sideline. But by 1930 the tail was wagging the dog, and miniature cameras and candid photography became a worldwide craze...
...Justice Department's Office of Alien Property got ready this year to sell Manhattan's E. Leitz, Inc., the U.S. distributors of Leica cameras, it took pains to see that E. Leitz did not fall back into the hands of its German parent, Ernst Leitz of Wetzlar (TIME, June 16). The Justice Department remembered what had happened after World War I. Then Alfred Traeger, the former manager of the U.S. branch of Leitz (also seized by the Government in World War I), bought the company from the Government's alien property division. By the mid-1930s, Germany...
...Cameras. Until the Leica (a compound of Leitz and camera) was invented in 1914 by Oskar Barnack, a Leitz employee, the company was one of the world's leading makers of microscopes.* Its founder, Ernst Leitz, a German who had worked with a Swiss watchmaker before settling in Wetzlar, introduced the watch industry's mass-production technique to microscopy. When the Leica was added as a sideline, the tail began wagging the dog. As a worldwide craze for miniature cameras and candid photography grew, so did Leitz. By World War II, the company had 3,000 employees...
...month, 25% more than prewar, and its gross to $12.5 million. Leitz keeps many operations on a handwork basis simply to provide jobs. This, plus heavy taxes, has kept profits below prewar levels, but even so, Leitz made enough last year to finance a new $950,000 building at Wetzlar and the Canadian plant, which may expand Leitz's total capacity by 15%. At Midland, Leitz plans to train some 500 Canadians to grind lenses and make Leicas, eventually hopes to sell their output in the U.S. market...