Word: olin
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...most vivid way the activity of our company. However, I must point out an error regarding our activity in Cameroon. The aluminum plant belonging to the Compagnie Cam-erounaise de l'Aluminum Pechiney/Ugine is exclusively in the hands of French and Belgian shareholders [not shared with Olin-Mathieson]. On the other hand, Olin-Mathieson is an important shareholder of FRIA, which produces alumina from local bauxite in Guinea; other shareholders in the company, in addition to our French group, are English, German and Swiss producers...
...Guinea henceforth would have its own currency which, by terms of his own decree, has no value in foreign trade. Dismayed, Shell, Texaco and Socony Mobil were mulling over whether it was worth it to stay. At the big Fria Alumina Works (48.5% owned by the U.S.'s Olin Mathieson Chemical Corp.), 300 European workers went on strike, halting production, seeking some guarantee that their paychecks would really be worth enough any more...
...fast since the war that the amount of hydroelectric power available in Metropolitan France, of which it uses 6%, is no longer enough. Its search for additional sources of cheap power (and cheap raw materials) has also led it to Africa, where it joined an international consortium, including Olin-Mathieson, to build an aluminum plant in Cameroon, helped build an ore-processing plant in Guinea (with a housing development and community swimming pool), is planning still other plants in Guinea and the Republic of the Congo. Its Lacq plant will raise the company's aluminum capacity...