Word: pechiney
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Dates: during 1960-1969
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...Similar methods also have been developed by Canada's Aluminium Ltd. and France's Pechiney...
...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 an exotic-metals business, and the Japanese want Sheraton's Hawaiian hotel because they anticipate a rush of Hawaiian tourist business from affluent Japanese...
Though industrialization is just beginning in earnest, the companies that have spread branches in Greece read like a Who's Who of international business: Germany's Krupp, Italy's Pirelli, France's Pechiney and Saint-Gobain. The U.S.'s Reynolds Metals is breaking ground near Delphi for a $59 million aluminum plant using Greece's ample reserves of bauxite, and Dow Chemical has opened a polystyrene plant at Lavrion, site of ancient Greek gold and silver mines. From the rocky perch near Athens where Xerxes once helplessly watched his mighty Persian armada being turned...
While U.S. business is busily investing abroad, a French industrial giant last week launched an invasion of the U.S. Out to acquire a controlling 40% interest in New York's Howe Sound Co., France's Pechiney, the biggest aluminum producer in Europe, offered to buy up to 1,300,000 shares of Howe Sound common at $15 a share ($4 above the previous closing price). Pechiney is principally interested in Howe Sound's Quaker State Metals division, which can roll out 120 million Ibs. of aluminum sheet and strip a year, but is also eager...
...Pechiney's bid, if successful, will be one of the largest investments a foreign company has made in the U.S. in the past decade. Direct investments by foreign businessmen in U.S. companies have doubled since 1950, to more than $7.5 billion. Before World War II, two-thirds of foreign holdings in U.S. manufacturing companies were in textiles and chemicals, but today the biggest investments are in food, tobacco and beverages. The lion's share of the foreign investment in the U.S. is British. The British have increased their holdings from $1 billion to $2.5 billion since 1950, mainly...