Word: magnesium
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Dates: during 1950-1959
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...idea of cutting employees into a share of the company also looked good last week to Indiana's Magnesium Co. of America. To pay off a retroactive pay raise in its new union contract, Magnesium will distribute $100 company bonds pegged to the Bureau of Labor Statistics' price index. The bonds, which will also be sold to employees, will be revalued twice a year, in line with the cost of living. They can rise as high as $150, but cannot dip below the purchase price. Moreover, the bonds will draw 4½% interest on the adjusted values...
...came last August when the Government approved a fast tax write-off on a $14 million investment of Titanium Metals Corp., jointly owned by Allegheny Ludlum Steel Corp. and National Lead (TIME, Aug. 20). The money was used to convert facilities at the Government's $140 million wartime magnesium plant in Henderson, Nev. into a titanium smelter which now produces 60 tons of titanium a month...
...spent $441 million on expansion, quadrupled its sales to $410 million and its net to $36 million. Now fourth among U.S. chemical producers,* Dow plans to spend approximately $100 million a year for the next four years to carry on its expansion in such basic lines as chlorine, magnesium, ethylene, agricultural chemicals, drugs and Pharmaceuticals (Dow is the biggest U.S. bulk maker of aspirin...
Doan ordered a clean sweepdown, fore & aft. He delegated authority to his department heads (e.g., magnesium, plastics, industrial chemicals). He trained his sales force to become market and production analysts who could help Dow's industrial customers plan their sales...
...reported with extraordinary frequency in the Southwest. But Menzel does not take them very seriously. In clear-aired New Mexico and Arizona, he says, meteors are seen oftener than in cloudier places. According to Menzel's colleague, Meteor Expert Fred Whipple, they often look green because of vaporized magnesium from their stony material...