Word: montecatini
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...inside towering U.S. tariff barriers, West Germany's Minox has started to assemble its cameras on Long Island, and Italy's Montecatini chemical complex has put $20 million into a plant in West Virginia to produce its new Merkalon synthetic fiber. (The U.S. Government welcomes Montecatini's settling in West Virginia, and the decision of Japan's Sekisui Chemical Co. to build a factory to make polystyrene foam in Hazelton. Pa., because they bring jobs to areas of chronic unemployment.) The French aluminum producer Pechiney bought control of New York's Howe Sound to gain...
...Absolutely False." Just a few days ago, Durie Shevlin herself, for the first time, denied the whole story in detail. Vacationing with her husband at the Grand Hotel e la Pace in Montecatini, Italy, she said: "It's absolutely false and ridiculous. I'm not even sure how the story began. I've been married to Mr. Shevlin for 15 or 16 years, and previously I was married for a short time to John Bersbach and then to Firmin Desloge, by whom I had a daughter who's 20 now. I know the President...
Second in power only to Valletta in Italian private industry is coldly handsome Count Carlo Faina, chairman of the giant Montecatini chemical complex. Despite an aristocratic heritage-he holds a longstanding title granted by Pope Pius IX and confirmed by the Italian royal family-Faina joined Montecatini 35 years ago as one of 360 applicants answering a want ad. Assigned to rebuild the chemical complex after the war, he defied stockholder opposition by multiplying the outstanding shares in order to obtain new capital. Now, with sales of $600 million a year, Montecatini slugs it out internationally with the likes...
...restless force that has steered Montecatini, Italy's giant chemical company, away from minerals and into a worldwide petrochemical operation is supplied by its big (200 Ibs.), back-thumping managing director, Piero Giustiniani, 61. Last week, to expand its toehold in the U.S. chemical market, Montecatini bought for an estimated $5.7 million a 4% interest in New Jersey's Minerals and Chemicals-Philipp Corp. As part of the deal-which is designed to produce transatlantic cooperation in mining, manufacturing and merchandising-Giustiniani got a seat on the Minerals and Chemicals board. Somewhat ruefully, Italian colleagues predict that American...
...processed fruits and vegetables rising from almost nothing in 1946 to $37 million in 1955, some $48 million last year. Much of the new industry is homegrown, but much more comes from foreign businessmen and mainland Italians who know a good thing when they see it. Italy's Montecatini Co. recently opened a big potash works near Syracuse employing 2,000 workers, is already building a second to tap newly discovered deposits 55 miles inland. French chemical, German beer and electric-power companies are also moving...