Word: pilz
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Dates: during 1990-1999
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...economic union with West Germany, which takes effect July 1, has made East Germany (pop. 16.6 million) particularly attractive to Western companies. The investors include Pilz, a West German audio firm that is building a compact- disc plant as part of a $140 million venture with East Germany's Robotron. The factory will have the capacity to press 24 million CDs a year when it opens...
...Like Pilz, many companies view East Germany as an extension of the West German market. The U.S. consumer-products giant Philip Morris plans to produce 10 million cigarettes a year at a Dresden plant that the company is acquiring from VEB Kombinat Tabak, East Germany's state-owned tobacco company. "We really don't consider East Germany part of Eastern Europe," says John Dollisson, a Philip Morris vice president. "Selling in Dresden should be the same as selling in Munich or Hamburg...