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Profiting the Crown: Canada's Polymer Corporation, 1942-1990 [Paperback]

Matthew J. Bellamy
4.0 out of 5 stars  See all reviews (2 customer reviews)
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Book Description

Jan. 1 2007
Born in the crucible of the Second World War, the Polymer Corporation - Canada's sole producer of synthetic rubber - played a critical role in the Canadian economy for over fifty years. Blending innovative science and technology with expert business and managerial strategies, Polymer kept Canada on the cutting-edge of international synthetic rubber developments. Recognizing the importance - and profitability - of this ground-breaking crown corporation, the government placed an image of its Sarnia plant on the back of the Canadian ten-dollar bill. Profiting the Crown traces the rise and evolution of Polymer Corporation until its sale in 1990 to the German chemical giant A.G. Bayer. Crown corporations are widely regarded as a Canadian invention, but the failures of many state-run enterprises in the twentieth century have led to the widely held position that government has no place in the boardrooms of the nation. Matthew Bellamy shows how Polymer was both a successful tool of public policy and a profitable economic enterprise, bringing to light the accomplishments of one of Canada's pioneering crown corporations.

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"Bellamy shows a clear understanding of the dynamics of the industry and the key shifts in the corporate history." Barry E.C. Boothman, University of New Brunswick "Bellamy has done an excellent job of describing technical material, changes in business practices, and the interaction between several different governments and the corporation's board of directors." Janice MacKinnon, University of Saskatchewan, and author of Minding the Public Purse

About the Author

Matthew J. Bellamy is lecturer in economics and history, Carleton University.

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3.0 out of 5 stars Detailed history explanation Feb. 1 2013
By Cindy
Format:Paperback|Verified Purchase
It is a required book for business history class of Schulich School of Business. I bought this book because we need to read is for our assignment. It talks about a detailed history about a crown corporation in Canada. The summary before the content is very useful to help you to get a general idea about what is happening in this company.
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5.0 out of 5 stars A "Crowning" Success Dec 3 2006
Carleton University Economic History instructor, Matthew Bellamy, throws down the success story of a Canadian Crown Corporation in his history of Canada's Polymer Corp. And it hits hard, winning the 2006 (Canadian) National Business Book Award. Polymer started out as a technology-based gamble in WWII when Japan entered the war, cutting off Allied rubber supplies in Asia. With thousands of wartime equipment pieces depending solely on rubber, this development would have the Allied war machine grinding to a halt very shortly. Enter Canada, the historically staple-based exporter. Enter C.D. Howe, risk-taking businessman turned Minister of Munitions. See the largest Canadian Government funded project in history. The result is the birth of the Polymer Crown Corporation which dazzled the world with its synthetic rubber being produced on an industrial scale. Such a feat had only prior been produced in the laboratory environment, but Canada sprang ahead with the world watching carefully. Bellamy tracks Polymer's successes and failures, which became epic after the war, when the company adopted a 'profit or perish' ideology. Polymer forced a Canadian Crown Corporation to compete on the global market, displaying a business dynamic and know-how on par with any private enterprise. Bellamy shows in "Profiting the Crown" that crown corporations can do good, and how Polymer did it.
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