STEEL: Kaiser v. Khrushchev

As Bulganin and Khrushchev tooled through India selling Communism last week (see FOREIGN NEWS), Henry Kaiser made a deal in India that would help strengthen capitalism. In Jamshedpur, 150 miles west of Calcutta, Tata Iron & Steel Co., largest steelworks in India, announced that it had picked Kaiser Engineers of Oakland, Calif, to build a $130 million addition to the plant, thus increase India's capacity some 45%, and raise Tata's production from 1,300,000 to 2,000,000 long tons of ingots annually.

The job, scheduled to take 30 months, will virtually give Tata a new integrated plant, including a new 26-oven battery...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!