Word: alcan
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...need for new power plants outpaces their construction. In a seven-year program, Australia is doubling its electrical output, partly to serve such expanding aluminum giants as Alcoa, Alcan, Kaiser and Pechiney. Iran has completed a new water and power project that is hailed as a Middle East TV A and will soon include an $800 million petrochemical complex. Brazil desperately needs more power; in the industrial city of Sao Paulo, which boasts steel mills, auto plants and TV antennas on slum roofs, 30% more power is needed than is produced...
...Fairbanks (pop. 11,000), fourteen hundred 4-H Club members relieved their mothers of that wintered-in, cabin-fever feeling by piling outside and scurrying to register for their summer activities. Bud Hilton's Thawing Service advertised steam-cleaning service for building exteriors, while out on the Alcan Highway, dust warnings replaced ice-warning signs. On the Fairbanks outskirts moose calves, abandoned by their mothers, bawled like babies, and into a downtown pool hall waddled a full-grown porcupine. It was 80° in the Panhandle's Ketchikan, and 60-lb. salmon flopped through the water in search...
...Russians' campaign to capture more Western markets brought some cries of alarm last week. For many years Britain has bought 80% of its aluminum supply from Aluminum Co. of Canada, Ltd. Currently, British demand is drastically down, and Alcan's British market has dropped from 205,000 tons in 1956 to 153,000 tons last year. At the same time, Russian aluminum exports to Britain have soared from 197 tons in 1956 to an annual rate of 23,000 tons. Reason: Red aluminum sells for $510 a ton v. the Canadian price...
Last week Alcan revealed that it began granting a 2% "loyalty" discount to British buyers three months ago, has asked the British Board of Trade to impose an anti-dumping duty on Red imports. Just as alarmed by heavy imports of cheaper Russian ferroalloys, Union Carbide, Ltd. is pondering a similar bid to the board...
...iron producer (sales: $125 million), filling a post vacant since 1951, when Leigh Willard died. A West Pointer ('16) with a civil engineering degree from M.I.T. ('22), topflight Army Engineer Hoge served under MacArthur as first chief of the Philippine Corps of Engineers (1935), built the Alcan Highway (1942), was a member of the group that planned and operated Omaha Beachhead on Dday. He also commanded the armored division that captured the Remagen Bridge (first Allied bridgehead over the Rhine), went on to command a corp in Korea, finally served as commander in chief of the U.S. Army...