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Japan was producing nearly 30 million tons of steel a year, about four times its pre-1950 total and was second to the United States in continuous hot strip mill capacity.
After the war, Sumitomo Metal Industries changed its name to Fuso Metal Industries, reverting to the name Sumitomo when the Allied occupation ended in 1952.
Japan became the first country to use oxygen converters on a large scale, after they were used for the first time anywhere, in Austria in 1953.
The company also built a $3 million plant near San Francisco in 1957.
Hurley, William E. A History of Titan: A Business History of the Titan Metal Manufacturing Company, Doctoral Dissertation, Indiana University, 1958.
In 1959 it divested its nonferrous metal processing unit, establishing it as a separate company, Sumitomo Light Metal Industries, Ltd.
In 1959, the Cerro de Pasco Corporation acquired Consolidated Coppermines and Titan became a subsidiary of Cerro.
1959: The General Union of Braziers and Sheet Metal Workers merges with the National Society of Coppersmiths, Braziers, and Metal Workers, renaming itself the National Union of Sheet Metal Workers and Coppersmiths.
“Cerro to Consolidate Titan, Lewin-Mathes and Viking Copper Tube Divisions,” Titan News, March 1962.
In 1962 Japan became the world's fourth largest steel producer, outstripping France and the United Kingdom.
We're in business to make money." The company's president Arthur Homer explained in 1962, that Bethlehem was profitable enough and did not need to innovate.
Growth continued at a rapid rate but other industries grew even faster, so that by 1967, as the downward spiral began, steel accounted for 4.4% of manufacturing employment and 4.9% of manufacturing output.
1967: The National Union of Sheet Metal Workers and Coppersmiths merges with the Heating and Domestic Engineers' Union, renaming itself the National Union of Sheet Metal Workers, Coppersmiths, Heating and Domestic Engineers.
In 1969, American steel production peaked when the country produced 141,262 ,000 tons.
After 1970 American steel producers could no longer compete effectively with low-wage producers elsewhere.
Hogan, William T. Economic History of the Iron and Steel Industry in the United States. (1971) 5 vol.
In a 1976 merger, the company, now know locally as Cerro, became part of the Chicago-based Marmon Group through a merger.
1983: The National Union of Sheet Metal Workers, Coppersmiths, Heating and Domestic Engineers merges into the Techincal, Administrative, and Supervisory Section (TASS), a British trade union.
Jump up ↑ Ann Wendy Mill, "French Steel and the Metal-working Industries: a Contribution to the Debate on Economic Development in Nineteenth-century France." Social Science History 1985 9(3): 307-338.
In 1988 the Sumitomo group was one of six major keiretsu, with Mitsui, Mitsubishi, Sanwa, Fuyo, and Dai-Ichi Kangyo.
In early 1990 the five largest Japanese steelmakers, faced with weak domestic demand, rising financing costs, and strong competition from mini-mills at home, and South Korean and Taiwanese steel producers abroad, cut more jobs.
Yonekura, (1990) shows the steel industry was central to the economic development of Japan.
Harukiyu Hasegawa; The Steel Industry in Japan: A Comparison with Britain 1996 online version
A modernization of the Bellefonte plant, including a new warehouse, was completed in 1999.
Bethlehem went bankrupt in 2001.
Since 2005, United States steel producers have achieved a 70 percent reduction in both the total OSHA recordable injury and illness and lost workday case rates.
In 2006 Mittal Steel (based in London, but controlled by the Mittal family) acquired Arcelor, based in Luxembourg, for $38.3 billion to become the world's biggest steel maker, with operations throughout Europe, the United States and Asia.
Andrew Carnegie (2006), the standard biography, along with Wall
In January 2007 India's Tata Steel made a successful $11.3 billion offer to buy European steel maker Corus Group PLC.
In 2007, Bolton MKM Group, based in the United Kingdom, purchased Cerro Metal Products.
2011: The sheet metal industry grows exponentially.
White, Cliff. “Investors buy Cerro Metals site,” Centre Daily Times, February 15, 2012.
In 2013 Donna’s son Skylar purchased the company after previously working in banking and financial services around the country.
© 2022 Centre County Historical Society
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Traco | - | $1.2M | 50 | - |
| Sioux Chief | 1957 | $6.2M | 50 | 5 |
| Jyoti Americas | 2010 | $11.0M | 125 | - |
| Dura Supreme Cabinetry | 1963 | $104.2M | 200 | - |
| Genesis Products | 2002 | $39.0M | 750 | 8 |
| Custom Glass Products | 1971 | $12.1M | 50 | - |
| Patrick Industries | 1959 | $3.7B | 11,000 | 22 |
| UFP Industries | 1955 | $6.7B | 14,000 | 424 |
| Cardinal Shower Enclosures | 1948 | $1.0M | 25 | - |
| Harvey Building Products | 1961 | $340.0M | 1,610 | - |
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