Word: famosa
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Dates: during 1959-1959
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...Nabisco-Famosa. The fastest-growing kind of foreign investment in Latin America is the joint venture combining skills and capital from abroad with capital and a knowledge of markets from local citizens. In an age of nationalism, the joint venture helps to give Latin America the outside capital it needs while giving the outside capitalist the security he wants...
...investment in Mexico since 1950, includes many mergings of U.S. private capital with Mexican government funds. The Mexican government and the Celanese Corp. of America formed the jointly owned Celanese Mexicana, now grown 16 times into a corporation capitalized at $27 million. Other outstanding joint ventures in Mexico: Nabisco-Famosa (biscuits), Altos Hornos (steel), Tubos de Acero (a combine with Italian, French and Swedish capitalists to make steel pipe...
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