Word: pechiney
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...trustbusters-it actively encourages bigness in business. During the last few years mergers have melded the country's leading steel, glass and electronics manufacturers. This week the biggest industrial combine of all ($2.7 billion in sales) will be formed when a new stock issue unites two companies-Pechiney and Ugine Kuhlmann-that dominate Europe in the production of aluminum, stainless steel, specialty steels and nonferrous metals such as titanium, zirconium and tantalum...
...French industry and preventing foreign takeovers of French companies; it is composed of four men, all under 40, including the personal assistants of Pompidou and Giscard. Known as the "Four Musketeers," the men have succeeded in denying the Heinz Co. control in Grey-Poupon mustard and in getting Ugine-Pechiney to invest in New Caledonian nickel facilities, thereby countering an expansion move by International Nickel...
...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...