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Ling-Temco-Vought (LTV) was a large American conglomerate which existed from 1961 to 2001. At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses.
Republic Steel remained prosperous until the 1970s, when rising foreign imports, labor costs, and other factors caused severe stress at Republic and throughout the steel industry in the U.S. In 1984, Republic merged into the Jones and Laughlin Steel subsidiary of the LTV Corporation, with the new entity being known as LTV Steel. An employee ...
Cleveland had nine integrated steel mills in the 1970s. US Steel closed one mill in 1979, then shut down its six remaining Cleveland mills in 1984. Cleveland's two remaining steel producers, Republic Steel and Jones & Laughlin, merged to form LTV Steel in June 1984. LTV Steel declared bankruptcy in 2000.
The same article said peak steel output came in 1953, when the company produced 35.8 million tons of steel while steelmakers in Europe and Japan were still struggling to recover from the war.
View of the SouthSide Works from the South Side slopes. The site first was used for industry starting in 1893 and was a long time steel mill. [2] Ling-Temco-Vought (LTV) purchased Jones and Laughlin Steel Company in 1974 and merged with Republic Steel in 1985, which formed LTV Steel Co. LTV became the second largest steel producer in the nation.
US Steel was created in 1901 through a merger when a group led by J.P. Morgan and Charles Schwab, two of the world’s leading financiers of the time, bought the steel company owned by Andrew ...
In May 2002, ISG purchased inventories from LTV for $52.4 million in cash. [1] [2] In October 2002, ISG acquired an idled sheet strip mill and basic oxygen furnace in Riverdale, Illinois from bankrupt Acme Steel for $60.9 million in cash. [1] [3]
James Joseph "Jimmy" Ling (December 31, 1922 – December 17, 2004) was an American businessman and former head of Ling-Temco-Vought corporation. While at its helm, Ling used LTV funds to purchase a large number of corporations, and was one of the more famous of the 1960s conglomerate managers.