Word: aeg
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Dates: during 1960-1969
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...since last year, when American Cyanamid discovered it was simpler to raise money through a Delaware holding company, which does not have to withhold tax if 80% of its business is done outside the U.S. But European firms are more than taking up the slack. Germany's AEG, Thyssen, Siemens and Hoechst, for example, have moved in to escape the 25% withholding tax at home on interest paid to foreign holders of German bonds. The roster has grown to 32 companies, almost all in the big leagues...
...smokeless, smartly designed plants turn out machine tools, chemical equipment and truck bodies; General Motors' Opel subsidiary 18 months ago opened a $500 million factory for its new Kadett small cars at Bochum-symbolically built over an abandoned coal mine. At Essen and Dortmund, Krupp, Siemens and AEG have put up new plants to manufacture everything from turbogenerators to X-ray apparatus. Also sprouting are plants for electronics parts, TV sets, plate glass and clothing, as well as factories that turn out a cheap furniture; in honor of its city of origin, Germans have dubbed the furniture "Gelsenkirchner Baroque...