Word: millions
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Dates: during 1960-1969
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...biggest and most profitable. Describing his own experience last June, Marcel Bich, whose Bic pen company bought out Waterman Pen Co. in 1959, could hardly contain himself. "The States, it is tough," he declared. "But when it works, it pays!" Bich has long since recouped his $10 million investment in Waterman, last year cleared $6.4 million...
...Good Humor ice cream, and hot-selling Capitol Records, in which EMI Ltd. has a controlling interest. Current sterling-export restrictions are making expansion difficult but not impossible. Much as U.S. firms do in Europe, Bowater Paper went to U.S. capital markets for its share of a new $14 million newsprint plant that it is building jointly with the Newhouse newspaper chain...
...Netherlands ranks second, with $1.4 billion, partly because of its shares in the Anglo-Dutch companies, Unilever and Shell. Following a trend toward joint venture, chemical-making DSM and PPG Industries (formerly Pittsburgh Plate Glass) are building a $20 million plant in Augusta, Ga., to make caprolactam, a nylon ingredient...
...Switzerland is third in investment ($949 million), but first in secrecy; its ministry of economic affairs regards attempts to measure the country's U.S. interests as "industrial spying." The Swiss stake, nonetheless, is growing. Nestle has increased its holding in Libby, Mc-Neill & Libby (food canning) from 20% to 35%. Alusuisse is building a $63 million aluminum-processing plant at Lake Charles, La., and Swiss watchmakers are buying heavily into Waltham, Elgin and other U.S. companies...
...West Germany, whose surprisingly small ($247 million) U.S. stake reflects a caution resulting from wartime confiscations, may become the biggest investor within the next decade. Hoechst, Bayer and BASF are leading a current surge of interest in manufacturing on American soil the chemical products that they now export to the U.S. The West German government, uneasy about its big trade surplus (TIME, Oct. 25), is strongly urging others to build abroad...