Word: farben
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...three companies are the chief heirs' of I. G. Farben, once the largest corporation in Nazi Germany, which was broken up by the Allied occupiers in 1945. The $2.8 billion chemical trust was stripped of $1 billion worth of assets and 30,000 patents, deprived of 60% of its properties by the Russians and Poles, divided into 44 separate companies in the Western zone-including the three major chemical firms now sparking the West German market. In their remarkable comeback, the three companies last year rang up sales of $1.7 billion-more than three times the sales...
...figungsdrang. The high-riding success of the three Farben heirs is due to a combination of West German economic recovery and a spirit of free enterprise that was lacking in the cartel-minded Farben. While West Germany's other industries had a sales increase of 9.5% last year, the chemical industry's sales rose 14.7%, even though prices were lower than in 1952. To compete, Farben successors have put in new production techniques, developed new products, and effected operating efficiencies that enable them to produce twice as much with 145,000 workers as the parent firm did with...
Greater Efficiency. Chances of West Germany's chemical Big Three regrouping are highly unlikely because the managements think that the free-enterprising new companies are more efficient than Farben. Besides, neither Bayer Boss Ulrich Haberland, 59, nor Hoechst Head Karl Winnacker, 56, nor B.A.S.F. Chief Carl Wurster, 59, is willing to give up the new empire he commands. Explained B.A.S.F. Boss Wurster: "We don't see any reason for reconcentrating. In our opinion, a return to the old I. G. Farben would be unwise, economically and politically...
...dollar Krupp industrial combine, agreed last week to pay up to $2,380,000 to former Jewish slave laborers. Under the agreement, negotiated with the same Conference on Jewish Material Claims Against Germany that won a $6,430,000 settlement for former Jewish slave laborers from the I. G. Farben chemical trust in 1957, Krupp will pay 5,000 marks ($1,190) to any Jew who can prove he worked under duress for a Krupp enterprise...
...wartime Nazis did, to make coke, gases, diesel oil and synthetic products in vastly increased quantities. Russia has promised to build a pipeline from Baku to East Germany to pump 5,000,000 tons of oil, with which a petrochemical industry based on the giant former I. G. Farben plants at Leuna, Halle and Bitterfeld can double East Germany's output of plastics and synthetic fibers...