Word: plante
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Dates: during 1990-1999
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Psst! Want to expand overseas--cheap? Well, Mr. or Ms. American Executive, have we got a deal for you! How about a plant to make vans in Thailand? Or perhaps a piece of a debt-burdened South Korean electronics firm? Or some Japanese real estate, seized by banks as collateral on defaulted loans? Hurry, hurry! These deals may not last...
General Motors is also sticking its corporate toes back in the water. Last year the automaker had to halt construction of a plant in Thailand that was to produce a sort of upmarket Opel, mostly for export to other Asian countries. "Frankly, the market disappeared for that car," says chairman John Smith. But now GM is reviving--though also downsizing--its plans. Instead of 100,000 midsize cars a year, it intends to produce 40,000 seven-seat multipurpose vans annually. GM has also concluded what Smith calls "a strategic agreement" with Japan's Suzuki to "work together...
...continuing to build a plant in China, but Smith notes that in other countries the economics no longer favor constructing new American-owned factories. "Today," he says, "there is available capacity that you can buy, or possibly you can acquire a company or merge." Other U.S. companies agree, though they are following different strategies...
That was 1987, and Plotkin was deep in a Venezuelan rain forest. Then director of plant conservation for the World Wildlife Fund, he had heard of a hallucinogen used by Yanomamo medicine men. Made from the leaves, sap and seeds of various plants, the potent snuff might have medicinal benefits, he thought. After all, aspirin came from white willow bark, which North American Indians relied on to relieve pain. In fact, plants were vital in the development of 25% of all prescription drugs...
Other strategies for reducing the amount of logging include making products using recycled wood and wood substitutes. Kafus Environmental Industries of Boston makes panelboard from reclaimed waste wood and newsprint from kenaf, a tall plant loaded with fiber that can be grown on farms...