Word: consortium
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Dates: during 1960-1969
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Stretching 485 miles (see map), the $120 million line took two years to lay, consumed 80,000 sections of 34-in. pipe, and was financed by a consortium of 16 firms from six countries-West Germany, France, The Netherlands, Belgium, Great Britain, the U.S. It will take Middle East and Algerian oil from tankers and channel it to twelve departments of eastern France, to the northern half of Switzerland and to a southern portion of Germany that accounts for 40% of all West German oil consumption. By eliminating overland haulage and the 2,000-mi.-plus roundabout ocean voyage...
...sizable numbers of Japanese farmers have been emigrating since 1908, notably to Sao Paulo. The Japanese in Brazil control 67 firms ranging into insurance, banking, cement, glass and machinery. The Japanese-run Ishikawajima shipyard is working on its seventh vessel, and the new Usiminas steel plant, backed by a consortium of 14 Japanese companies, will pour 500,000 tons of pig iron this year. In Peru the Japanese have become leaders in the booming fish-meal industry, are also building a railroad in the backlands. In Honduras, Japan's Oki Electric Co. underbid such Western giants...
Lean at the Top. Under Managing Director Hakan Abenius, 60, a grave and quiet Swede who took over in 1948, the company is steadily branching out, has three plants abroad, and is now part of a consortium developing molybdenum deposits in Greenland. Last year Stora's sales were about $153 million, are expected to rise slightly this year. Despite its advanced age, Stora has avoided hardening of the arteries by keeping its upper echelon lean (only 16% of its staff are salaried white-collar workers v. 25% for the average Swedish firm) and its plants remarkably efficient...
...cost (estimated at upwards of $1 billion) of developing a supersonic jet unless the Government foots a big part of the bill-and so far the Government has shown little inclination to do so. A Soviet supersonic transport is expected within three or four years, and an Anglo-French consortium heavily subsidized by both governments is designing a supersonic liner. By aiming for a less sophisticated Mach 2.2 plane instead of the Mach 3 design favored by U.S. designers, it hopes to have a prototype ready by 1967 at a cost of only $450 million...
...Kennedy by summer. But the Administration's new budget calls for no funds for supersonic transports, and the only Government-sponsored research on supersonic jetliners comes from pitifully inadequate National Aeronautics and Space Administration funds. By the time the U.S. has a supersonic transport ready, the Anglo-French consortium may already have captured a readymade customer: a planned Air Union of the Common Market's five airlines that envisages using standard equipment. Since such big U.S. international flag carriers as Pan American and TWA could hardly let their foreign competitors corner deliveries of the Anglo-French plane...