Word: basf
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Dates: during 1970-1979
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...producing such goods as chemicals, appliances and textiles, which are almost identical to those of their foreign competitors-are being hurt by the rising cost of their exports. Grundig AG, a consumer electronics maker already fighting cheap Japanese products, reports a drastic drop in sales to Britain and Italy. BASF, the giant chemicals producer, is paring prices and profit margins to hold its international markets...
More and more German companies are trying to maintain their sales by building plants in foreign countries. BASF, which already produces chemicals in the U.S., is planning to expand its American facilities. Last month Volkswagen decided that the only way to compete effectively in the American market was to manufacture autos there. In all, German direct investment abroad last year totaled about $2.1 billion, up from $1.7 billion the year before. But the movement of industry-and jobs -out of Germany and into other countries is already stirring misgivings among powerful German labor unions. Though Germany's jobless rate...
...BASF...
...BASF Bangor (U.S. Punta Division...