Word: farbenfabriken
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Three of the hottest stocks on West Germany's stock exchange last week, avidly sought by German and foreign investors alike, were close cousins known by the tongue-twisting names of Farbenfabriken Bayer, Badische Anilin & Soda-Fabrik (B.A.S.F.), and Farbwerke Hoechst. Each was selling not far from $200 a share, and Bayer briefly outdistanced (in total market value) even the shares of Daimler, long the most popular stock on West German markets...
...month ago the biggest of Farben's successors, Farbenfabriken Bayer of Le-verkusen. announced one of its most am bitious projects. With Anglo-Iranian Oil Co.'s German subsidiary, Bayer will build a $60 million plant near Cologne to crack 2,100,000 bbl. of oil a year into basic chemicals for plastics and synthetic fabrics. This will vastly expand Bayer's production of 13,000 different chemicals, dyes, drugs, resins and photographic products (Agfa), which last year rang up $380 million in sales...
MONSANTO CHEMICAL is going into business with German chemists to make a new plastic substitute for foam rubber. With Germany's Farbenfabriken Bayer A.G., Monsanto will build a plant in the U.S., turn out the new chemicals (isocyanates) to make foam plastics for mattresses and upholstery...