Word: mitsubishis
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...TECHNOLOGY. U.S. technological superiority means less than before. Lawrence Fox, a high official of the Commerce Department, observes that "foreigners today can either buy, lease or steal American research advances." Li censing of foreign manufacturers is rising. Last week, for example, B.F. Goodrich licensed Tokyo's Mitsubishi to use a vinyl-chloride chemical process, for which the Japanese firm will build a whole new plant...
...capitalists after much dickering over terms signed an agreement under which Japanese banks will grant a $133 million, five-year loan at 5.8% to enable the Russians to develop Siberian timber cutting. In addition, a consortium of 13 Japanese companies, including such big trading firms as Mitsui and Mitsubishi, will be allowed to sell $30 million worth of consumer goods to Russian settlers in Siberia. As repayment of the loan and to cover its interest, the Russians over a five-year period will ship 8,020,000 cubic feet of timber to Japan. With housing chronically short in Japan...
Among those watching the cross-channel undertaking most closely are Japan's Mitsubishi Heavy Industries Ltd. and Buffalo-based Bell Aerosystems Co. Both companies manufacture their own ACV versions, also serve as British Hovercraft licensees. The fledgling industry's leader, British Hovercraft, was formed in 1966 by Westland Aircraft Ltd., Vickers-Armstrongs Ltd., and the government-run National Research and Development Corp., which together have pumped $48 million into the craft's development...
...biggest steelmakers - Yawata Iron & Steel and Fuji Iron & Steel - are in the process of merging into a colossus that will produce some 22.3 million tons of steel a year and rank second in the world only to U.S. Steel (30.9 million tons). The automaking di vision of Mitsubishi Heavy Industries is being combined with the truck-making Isuzu Motors to form Japan's third largest automaker, after Toyota Motor Co. and Nissan Motor Co. Other mergers are afoot in petrochemicals, electric equipment, heavy machinery, banking and shipbuilding...
Bigness is by no means new to Japanese industry. The merger trend began with the reconsolidation of some of the old zaibatsu - powerful family cartels that once controlled nearly all of Japanese business, and were broken up during the U.S. postwar occupation. Three parts of a famed zaibatsu, Mitsubishi Heavy Industries, were rejoined in 1964 to form what is Japan's third largest corporation. But the current mergers are not so much part of the old cartel systems as symbols of Japan's new concern over strong foreign competition...