Word: cementation
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Useless piles of cement still stood high on Rangoon's docks, tying up harbor traffic and running up demurrage charges. In all, 124,000 tons of it had been unloaded on an inexperienced Burmese trade delegation by Communist negotiators in return for surplus rice (TIME, May 21). Ordinarily, the Burmese would have been delighted by India's offer last week to buy 50,000 tons...
...India offered only $24.67 a ton for the cement, which Burma had bartered from Russia, Czechoslovakia and East Germany at the exchange rate of $29.12 a ton. India was not trying to pull a fast one: New Delhi said its bid was based on cement prices quoted to it directly by the Soviet Union. In its headlong rush to woo, Russia had been willing to sell more cheaply to India than to Burma, a country which in the Communist scale of things is not as important...
Fontana's addition is only a small part of Kaiser Industries' vast expansion under Henry J. and his son, President Edgar F. Kaiser, 47. Edgar is also directing a $33 million expansion for Permanente Cement and a $500 million expansion for Kaiser Aluminum which will push it up to second place in the industry, 28% behind Alcoa...
...surplus of its own). Burma sent trade delegates to Iron Curtain countries to barter. They were eager amateurs who knew little about the fine points of trade, could not even speak Russian, and had to settle for whatever exchange goods they could get. Iron Curtain countries had plenty of cement to offer; cement, the delegates figured, would surely come in handy for Burma's projected construction program. So, without consulting Rangoon, they ordered a whopping 124,000 tons of cement from Russia, Czechoslovakia and East Germany. In their enthusiasm they somehow forgot that 1) no major construction is going...
...ordinary shipping trade has all but halted, and demurrage charges are mounting at the rate of $4,200 a day. Soon harbor authorities will face an even worse problem. With the beginning of the monsoon season, the steady downpour of rain will wet much of the uncovered cement and convert it into solid mass...