Word: mill
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Dates: during 1960-1969
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...slapped drastic new quotas on its imports of cotton textiles. Hong Kong's burgeoning textile industry suffered a severe case of the shudders. Among the hardest hit was C.C. (for Chen Che) Lee, 51, the shrewd, Shanghai-born entrepreneur who built Hong Kong's first postwar textile mill. As the Crown Colony's biggest producer of finished cotton garments. Lee had been selling up to a million dollars' worth of garments a month in the U.S. Lee had to do something fast or his profit margin would be wiped...
...while almost anyone could break into discounting by renting an abandoned mill or warehouse on a highway and borrowing enough money to buy an inventory. And almost anyone did. At first, old-line department stores jeered at the discounters. They pointed out that the discounters' stores were messy, that the goods they sold were often distress merchandise, and that the clerks were few and were usually order takers who did not know their stock. Department stores offered credit, wider selection, home delivery and more amenities. All true; but many department stores, and their help, had become indifferent in service...
...France's Usinor steel company is building Europe's largest steel mill near Dunkirk. This, and modernization of other mills, will give France a capacity of 27 million tons by 1965, of which 25% will be produced in the latest oxygen-type furnaces...
...Britain plans to increase her capacity from 27 million tons to 38 million tons by 1965. Leading the way is Europe's most automated steel mill-the nationalized Richard Thomas & Baldwins Ltd. works in Wales...
...been slashed from 721,000 tons to 422,000 tons last year. Right in the U.S.'s backyard, a German consortium recently walked off with the $10.8 million contract to supply steel for the mile-long Balboa Bridge in Panama. Since every emerging nation wants its own steel mill as a status symbol, the competition for foreign markets is bound to get increasingly bitter. The Europeans, and the burgeoning Japanese steelmakers, can be expected to underbid their higher-cost U.S. rivals more and more...