Word: farbenfabriken
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...move overseas has been led by the highly advanced chemical industry, specifically by the three companies into which the victorious Allies shattered the old I. G. Farben cartel. The three are: Hoechst, Farbenfabriken Bayer, and Badische Anilin-& Soda Fabrik. B.A.S.F. recently spent $95 million to buy out Michigan-based Wyandotte Chemicals Corp., the biggest U.S. maker of urethane plastics (1968 sales: $147 million), and it is now putting up $100 million to expand a Wyandotte plant in Louisiana. The firm has also budgeted $200 million to $300 million to build a chemical complex of its own in South Carolina (TIME...
...million on nylon expansion, has formed a traveling choir to promote its nylon-based Lilion fiber. Britain's Imperial Chemical and Courtaulds both had to ration nylon shipments to weavers last year, are spending more than $150 million to double their productive capacity. Germany's Glanzstoff and Farbenfabriken Bayer are also doubling their nylon output...
...Real Danger. The fiber makers are crossing borders and oceans to vie for markets. Courtaulds is building plants in Sweden, Imperial in Portugal, Holland's Algemene Kunstzijde Unie (A.K.U.) in Spain. Farbenfabriken is building in Belgium, Chemstrand in Scotland, Firestone in France. Du Pont will finish a new Dacron and nylon plant in Germany next year...
...trustbusters moved to dismember a joint chemical subsidiary set up in Pittsburgh by Monsanto Co. and West Germany's Farbenfabriken Bayer, also filed a suit to prevent Manhattan-based Allied Chemical from absorbing General Foam Corp. But their choice target was Humble Oil, Jersey Standard's U.S. operating and marketing subsidiary. Humble planned to spend $329 million to acquire the Western operations of Tidewater Oil Co., which is owned by Jean Paul Getty, the richest living American (approximate wealth: $1 billion), and run by his son, George Getty II. The takeover would bring Humble one refinery, five supertankers...
...most Americans, the word Bayer means headach pills. Aspirin was indeed invented by Germany's Bayer Farbenfabriken, but one of the company's major migraines is that its aspirin is made in the U.S. solely by Manhattan's Sterling Drug Co. Bayer (pronounced buyer) lost its U.S. trademarks during World War I and has been unable to get them back...