Word: giante
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...not think much about the tires on his car until one goes flat. But those who operate the mining industry's monster trucks, whose wheels are 12 ft. in diameter and weigh 7,500 lbs., know that the rubber on the rims is worth its weight in gold. Giant tires are in increasingly short supply as the extraction industry hits overdrive to chase rising commodities prices. As demand for raw materials grows in the booming economies of India and China, mining companies are scurrying to dig deeper, faster and more efficiently for coal, copper and other materials. In doing...
Prashant Prabhu, worldwide president of Michelin's Earthmover Tires division, says the company is boosting capacity at its plant in Lexington, S.C., from about 11,000 giant tires annually to 16,000. Bridgestone is investing $155 million to expand production 20% at three Japanese plants over the next two years, although the company anticipates that manufacturers won't be able to meet demand until at least...
...door in Iraq, plans to spend up to $7 billion on a partly virtual fence along its 500-mile border with Iraq. The ultramodern barrier will combine fencing, electronic sensors and sand berms. Saudi and U.S. sources tell TIME the kingdom is seeking bids from contractors, including U.S. defense giant Raytheon. (A Raytheon spokesman says the Saudis asked the company not to comment...
...sharking and debt collection. STEPPING DOWN. N.R. Narayana Murthy, 60, Chairman of Infosys Technologies, after 25 years at the helm of the company he helped found; in Bangalore. In 1981, Murthy and six other software engineers borrowed $250 from family members to start Infosys, today a $23 billion outsourcing giant and India's second-largest software company. Murthy, whose personal fortune is estimated at $1.2 billion, is leaving after reaching the firm's mandatory retirement age but will continue to serve as nonexecutive chairman. DIED. Joseph Hill, 57, socially conscious reggae guru who became one of the genre's first...
...wildly popular installation in the Great Turbine Hall at the Tate Modern in London. In a nimble rethinking of the atmospheric sublime, Eliasson mirrored the hall's 115-ft. ceiling, then hung from it a patently artificial but weirdly persuasive "sun" made from 144 yellow lightbulbs behind a giant semicircular screen. Then he pumped the room full of mist. During a six-month run that ended in March 2004, Eliasson's make-believe sky drew some 2 million visitors. A lot of them spent long stretches lying on their backs, gazing blissfully upward...