Word: freeporters
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...refining facilities ($70 million), expansion of the U.S. Government-owned nickel plant at Nicaro ($37 million). The boom shows no sign of slackening. Planned for the future: a $147 million expansion program by a subsidiary of American & Foreign Power Co.. a $75 million nickel-mining operation by a Freeport Sulphur Co. subsidiary. Even tourism, one of Cuba's three top industries, has held up through all the political troubles. For tropical beaches, open gambling and a throbbing night life, an estimated 350,000 visitors will have spent $35 million by the end of this year...
...March the General Services Administration agreed to buy up to 271 million Ibs. of nickel from Freeport Sulphur Co. by July 1965, thus giving Freeport incentive to build new nickel-producing facilities in Cuba and a $100 million refinery in Louisiana. Freeport's facilities will produce 50 million Ibs. of nickel annually, of which the U.S. will have the right to take up to 30% for stockpiling. The U.S. also contracted with M.A. Hanna Co. (to open a ferronickel mine in Riddle, Ore., which is now producing 11 million Ibs. a year) and with Canada's Falconbridge...
Demolarized. In Freeport, N.Y., Herbert Lamb reported to police that four young thugs had stripped him of all movables-65? in cash and his false teeth...
...world's richest men, in creating a mammoth oil, gas and sulphur empire. Cooking deals like popcorn, Odie was one of the founders of Texas Gulf Producing Co., which has large oil reserves in the Gulf states, was one of the powers in what is now Freeport Sulphur Co. He and Moody developed and owned the famed Hugoton natural-gas field in southern Kansas and Oklahoma-"a deal," says a friend, "that has never been equaled in the world -it was worth $6 billion...
...industries will shoot up 70% by 1960, and the Gulf Coast will get much of the expansion. Texas alone will add $260 million worth of new plants in the next two years. Firestone Tire & Rubber is building a huge chemical plant at Orange, Texas; Dow Chemical is expanding its Freeport. Texas plant by $45 million, while Gulf Oil, Foster Wheeler Corp., Lake Charles Chemical Co., Buckeye Cellulose Corp., Coastal Chemical Corp., Union Carbide & Carbon are pouring in millions more for new facilities along the waterway from Florida to Mexico...