Word: kyoichi
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Dates: during 1965-1965
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...ailing industry has adopted the drastic solution that the government has been urging: concentration of capital and increased efficiency through merger. "We should have done this a long time ago," says Toyobo President Toyosaburo Taniguchi, 64, who will head the new venture with the assistance of Kureha's Kyoichi Ito, 51. The new company, which will keep the name Toyobo, will have a combined capital of $51 million and 32,000 employees in 33 mills. The merger, almost sure to be followed by others, will provide an early test of the industry's ability to make a comeback...