Word: planted
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Dates: during 1960-1969
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Schulte's Italian plant and six factories scattered throughout Germany daily produce 1,100,000 pairs of women's stockings, 150,000 pairs of socks, 100,000 shirts and 40,000 women's tights. Yet Schulte is busy finding new areas to which he can apply his cost-cutting tactics. He is building in the Ruhr Valley a multimillion-dollar plant that the West German sweater industry is convinced will soon be producing tens of thousands of low-cost synthetic sweaters every day. Result: the $375 million industry is mobilizing for almost certain invasion and a price...
...particularly worried by Quick's promises to continue to publish Revue, but there is considerable concern about a third party to the deal. Axel Springer, Germany's biggest press king, bought Revue's smaller companion magazine Bravo, as well as Kindler's elaborate printing plant near Munich. Though Springer, who now publishes five big dailies, denies he has any intention of entering the illustrated magazine field, rumors abound that he has formed a secret holding company with Quick, and that he has a controlling share in the company. "It's about time to blow...
...competing for an anticipated $1.5 billion in sales this year. Last week Chicago's Sunbeam Corp., one of the largest U.S. makers of small appliances, showed how strong the trend has become by announcing record quarterly sales of $44 million and plans to build its third new plant this year...
...prepared to tow a large drilling rig from the British coast into the North Sea, where it will explore one of the world's richest new oil and gas regions. In Bavaria, where it is making its first big move into petrochemicals, it is starting to build a plant that will use Libyan crude to manufacture acetylene and ethylene. In the U.S., the company is about to move beyond its traditional Midwestern marketing area to invade the Southeast with new gas stations...
...Smith is a very meticulous man. At the plant of his Wolverine Aluminum Corp. in Lincoln Park, Mich., where aluminum corners, gutters and sills for houses are made, he rides about in a small electric cart, making sure that workers use ashtrays and do not throw gum wrappers on the floor. When Smith listed his growing firm (1964 sales: $7.2 million) on the American Stock Exchange last month, he traveled to Manhattan to get the usual VIP treatment: a tour of the exchange, lunch with the officers, the chance to buy the first shares of the traded stock. What...