Word: pechiney
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Dates: during 1960-1969
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...France, showing a facile disregard of its own campaign against "Americanization" at home, dropped its stiff capital-export restrictions, and is rapidly increasing its $247 million U.S. interest. The latest in a new wave of ventures comes from Pechiney, which last month announced plans to build a $190 million aluminum smelter in Maryland with its own 46%-owned Howmet Corp...
...could provide much effective help. It could assist in small ways, such as training executives, sponsoring joint research projects, and encouraging direct European investment in the U.S. (apart from Europeans' already vast U.S. stockholdings). French industry is now counter-invading America on a modest scale; aluminum-making Pechiney, for instance, teamed up with American Metal Climax to build an aluminum-reduction plant in the state of Washington...
...pellets to Japanese steelmakers over the next 25 years. In the north, bauxite reserves amount to 3.5 billion tons, about half of global reserves, or enough to fill all the Western world's needs for a hundred years. Canada's Alcan Aluminium Ltd., France's Pechiney and others are helping Australia gear up to export an estimated $6.7 million of bauxite and refined aluminum by 1970, largely to Japan...
...first molten aluminum was tapped last week from the pots of the new $135 million Intalco plant, which will be the third biggest aluminum-producing plant in the world when its three potlines are on stream. The owners of Intalco- American Metal Climax, Howmet and France's Pechiney Co.-were attracted by cheap, abundant power from the Bonneville grid, cheap land, sheltered deep water and fine living for employees...
...investment in Rumania that exceeds $50 million. Italy's Orlandi is building a $1,000,000 bakery in Rumania; Pepsi will soon be bottling in Rumania; the Japanese sell ships to Rumania in exchange for timber, which the Japanese then cleverly turn into musical instruments. France's Pechiney has a contract for an aluminum plant at Slatina; Sweden's ASEA is building $10 million worth of electric locomotives to replace Rumania's wheezing steam behemoths. Chatillon of Milan has a rayon-cord-tire factory in the works near Brăila, while Italy's Carle...