Word: kaiser
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Dates: during 1950-1959
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...capacity will be 829 million Ibs., 2½ times the whole nation's prewar production. Reynolds itself, little more than a maker of packaging foil before World War II, will then be the nation's No. 2 basic producer of aluminum. Not only Reynolds, but Alcoa and Kaiser, the other members of the big three, have been expanding as well. Because of the power shortage, the new plants have shunned the hydroelectric centers (TVA, Bonneville, etc.) where aluminum plants used to cluster, have had to seek alternative sources of cheap power...
...defense contracts are worked off, ACF-Brill will have upwards of $10 million in working capital, which Foremost can use for further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit...
...expenditures of the past four years has gone into capital improvements. The area under irrigation has doubled, the soil planted to vegetables tripled, the number of tractors on farms increased sixfold, a merchant marine of 34 ships of 120,000 tons created from nothing. Factories like Philco refrigerator and Kaiser-Frazer have sprung...
Chairman Floyd Odium waved gaily at familiar faces. Everybody relaxed under Odium's charm and talked of the Big Deal, Atlas' purported merger with Kaiser-Frazer, which had kept Wall Street and Los Angeles abuzz for three months. Now they expected to hear all about it from the master financier...
...first glance, said Odium, the proposed deal had looked attractive. There were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...