The story of Pittsburgh: Diversified products

Diversified products (Vol. 1, nr. 13)

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Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 183162365X

URN:: urn:nbn:de:zbw-retromon-241129

Document type:: Volume

Title:: Diversified products

Volume count:: Vol. 1, nr. 13

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1927

Scope:: [ca. 80] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Aluminum company of America

Collection:: Economics Books

as raw products materials which have progressed through other stages of manufacture in the coal tar and oil industry, and the hydro-electricity used is practically all labor, since it represents the harnessing of water. Coal, limestone and water power are not found in proximity to the bauxite. In America the bauxite is carried 400 miles to the plant which refines it. The resulting alumina is transported from 600 to 1200 miles to the point where hydro-electricity is available. Beginning in 1888, with an investment of $20,000, in a plant 20 feet by 100 feet in size, with a daily capacity of a few pounds of aluminum and employing five persons, the Aluminum Company of America has grown into a corpora- tion with an investment of $200,000,000 in more than 20 plants, having a capacity of 170,000,000 pounds a year, and employing 20,000 people. Its payrolls aggregate $24,000,000 a year, and its taxes, municipal, State and Federal, are $3,200,000 a year. The company was recapitalized and re- ‘ncorporated in July, 1925. For the ten years ending December 31, 1926, the net income of the company after taxes and depreciation available for interest has averaged ver $12,000,000 per annum and for the last three years such aet income has been, respectively: 1924—$13,425,266.69; 1925—$22,891,505.40; and 1926—$19,747,068.85. The company has acquired a large water power on the Sanguenay River, in the Province of Quebec, and has con- structed there a large almuinum producing plant, which is now in operation. The company and its subsidiaries own and operate plants at East St. Louis, Ill, Niagara Falls, N.Y.; Massena, N. Y.; Edgewater, N. J.; New Kensington, near Pittsburgh; Shawinigan Falls, Quebec; Toronto, On- cario; Badin, N. C., and Alcoa, Tenn. Ample deposits of oauxite are owned in Arkansas, British Guiana, Dutch Guiana, and other foreign countries. The offices of the Aluminum Company of America are in the Henry W. Oliver building, Pittsburgh. Arthur V. Davis is president; the vice presidents are Roy A. Hunt, R. E. Withers, E. S. Fickes, Edward K. Davis, C. H. Moritz, W. P. King and G. R. Gibbons. G. R. Gibbons is secretary and R. E. Withers is treasurer.

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