ALUMINUM: Kaiser Buys

In 1946, shrewd old Henry Kaiser expanded his sprawling industrial empire by leasing three huge Government aluminum processing plants. Last week, for $36 million, Kaiser's Permanente Metals Corp. took title to the plants which had cost $90 million to build. The new properties: 1) a bauxite-processing plant in Baton Rouge with an annual capacity of 500,000,000 lbs. of alumina; 2) the Mead Aluminum Reduction Plant at Mead, Wash., which refines the Baton Rouge alumina, has an annual capacity of 216,000,000 lbs. of aluminum ingots; 3) the Trentwood Rolling Mill, at Trentwood, Wash., which fabricates Mead's ingots, has an annual capacity...

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