Word: caltex
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...north, the eye catches on the bare-bones shacks with their thatched roofs and cleanly swept earthen yards, smarts through the smoke of fires that eclipse the midday sun and loses focus after miles of palm oil and rubber plantations. The only constant is a Caltex pipeline, gray and monotonous, elevated just high enough so that families have to climb either under or over it to reach their homes from the road. It's just another reminder that the land's riches are going somewhere else...
...investing in South Africa (S.A.)? 350 American companies do business in S.A., but 10 of them account for nearly 90 percent of all American investment in S.A.: Mobil. $450 million; IBM $360 million; Caltex, $334 million; Ford. $213 million; Kennecott, $130 million; Phelps-Dodge, $130 million; GM, $129 million; Newmont Mining, $127 million; Union Carbide, $51 million; Goodyear, $20 million...
...billion in South Africa, and they are the chief purveyors of its modern technology and consumer goods. Ford, South Africa's biggest automaker (1977 sales: 42,874 vehicles), and GM together account for 26% of the automotive market. Goodyear, General and Firestone dominate tire sales; Exxon, Mobil and Caltex are leaders at the fuel pumps. Kellogg's cereals are found on 40% of South Africa's breakfast tables, and Otis elevators convey riders in two of every five office buildings. IBM enjoys a near monopoly in data processing, challenged only by Control Data. Even though embargoes prevent...
Last week the trustees voted to urge Phelps Dodge, a large U.S. mining firm, to leave South Africa, but turned down a similar resolution in Caltex, a subsidiary of the Texaco oil company...
...president of Standard Oil of California, a part-owner of Caltex, is also a member of the Stanford board of trustees, SCRIP members said...