STEEL INDUSTRY.

Press, Volume LX, Issue 18228, 12 November 1924, Page 10

STEEL INDUSTRY.

/ . VICKERS IN AUSTRALIA.

' (TBOM OUR OWN cobbespondkxt.)

SYDNEY, November 5. The entry of Yickers, Ltd., into the Australian industrial field, as a result of their amalgamation, by payment of £50,000, with Commonwealth ..Steel Products, Ltd., a/big Newcastle firm, will affect materially the whole of the Australian• steel industry. The reorganised company will be known as \ Commonwealth Steel _ Products, Ltd. The mouthpiece for Victors in the negotiations was Sir Iveith Smith, the young Australian airman, whose boyish looks apparently mask a sound business head. Big extensions of the reorganised company will take place to enable it to undertake the manufacture of wheels, tyres, locomotive steel castings, and any work of a similar nature. The . advent of Vickers will enable the company to develop a large industry by virtue of its being able to obtain practical, technical, and expert, advice from the English firm. The company will operate, as at present, at Newcastle. All that Newcastle wants now is the entry into it of Ford's proposed motor works in Australia, and it will count itself fortunate. Newcastle from the railway line, is one of the ugliest places imaginable, but behind its Mary Ann front is an extraordinarv wealth of industry, now even greater with Vickers hanging out thensign there.