November 20, 1989 |
Kaiser Steel Receives Title to California Acreage: Kaiser Steel Resources Inc., in proceedings Wednesday before Judge Charles Matheson of the U.S. Bankruptcy Court in Denver, reached a settlement that will give the company title to 213 acres adjacent to the former Kaiser steel mill near Fontana. The mill was shut down in the early 1980s when the company filed for bankruptcy court protection. Kaiser Steel Resources, the successor company to Kaiser Steel Co.
October 22, 1990 |
The old Kaiser Steel Co. could be called a classic victim of the business excesses of the 1980s. Savvy investors walked into a vulnerable company and waltzed away with more money than they had brought; the company's assets were leveraged, exchanged and liquidated, and a debt-crippled company limped into bankruptcy court, its pockets bulging with lawyers' bills.
February 14, 1993 |
In this heartland of die-hard blue-collar labor, it could have been news for rejoicing that they are hiring again at the old Kaiser Steel plant, erected on a pig farm after the outbreak of World War II to help build America's war machine. Instead, the news that 300 jobs have been filled in a two-year contract is generating jeers and outcry from the region's labor community. The job is to dismantle Plant No.
September 12, 1993 |
His assignment to help industrialize his homeland has brought 37-year-old Quinping Yu here, face to face with an American icon of brute strength and manufacturing might that he is helping transplant back to China. Yu is one of about 300 Chinese engineers and welders, technicians and logisticians who are spending a year dismantling the old, 22-story Kaiser Steel Plant No. 2, once the most macho and biggest of buildings this side of the Mississippi.