Word: montecatini
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...Stock Exchange President Keith Funston extolled the advantages of listing their stocks on the Big Board, where they would have free access to the world's biggest financial market. One of the intent listeners was blue-eyed, blueblood Count Carlo Faina, 62, president of Italy's giant Montecatini Co. Last week the exchange made an announcement: about Feb. 15, provided SEC agrees, the New York Stock Exchange will list 20 million shares of Catini, as it is known in Europe, the first Italian stock to be sold on the exchange. To facilitate trading, each U.S. certificate will represent...
Count Faina: "The listing means recognition of Montecatini's size and international stature...
...profit of 8%, Du Font's 22%. But Faina's goal is as American as apple pie, though it may seem as unlikely in cartel-minded, low-wage Italy as pie in the sky. Says President Faina: "I want every workingman to have 100 shares of Montecatini, a home of his own, a car. a refrigerator and television in his living room. It can be done, and we're going...
Metals & Machines. Last spring Gentili shepherded to China a party of top industrialists, including some from the huge Montecatini chemical group and the Farmitalia agricultural implements combine. They closed $15 million in contracts for the sale of fertilizer, rayon and other nonstrategic items. Regally received by Mao Tse-tung and Chou Enlai, Gentili himself won agreements for the export of strategic metals, machinery and tractors -if and when Italy lifts her embargo on strategic exports to China. Gentili is now busily lining up export-hungry Italian businessmen to try to do just that...
...display at Milan was everything from toothpaste to refrigerators, caffè espresso vending machines, jet engines and a diesel locomotive. One big hall was filled with several dozen kinds of motor scooters and motorcycles; other halls displayed delicate glassware and pottery, tractors, sail-and motorboats, house trailers. The Montecatini chemical company showed off its insecticides, fertilizers and aluminum products in an elaborate pavilion decorated with immense papier-machéå insects and lacy scaffoldings festooned with sunbursts of aluminum chairs and kitchen utensils