Word: ploesti
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Dates: during 1960-1969
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Tourists rarely see either the intellectual ferment or the burgeoning industry of the East-the steam-wreathed polyethylene plant at Rumanian Ploesti; the scorching debate over Camus at Budapest's Hungaria Restaurant; the clanking Skoda automobile factory outside Prague; the student jazz joint in Warsaw where frugging and free verse give the lie to socialist realism. This is also the domain of the Western businessman, of the 500 Western firms which are engaged in cooperative ventures worth $800 million in Eastern Europe, and which will do many times that amount of business in the years ahead...
...sold an entire steel plant to Czechoslovakia. France's Renault signed up to build an auto assembly plant for the East Germans; in Poland, the British Motor Corp. is fighting Italy's Fiat for the contract to build an auto factory. Last week ouside Ploesti in Rumania, Illinois' Universal Oil Products prepared to break ground for a $22.5 million cracking plant-one of the biggest U.S. construction jobs ever undertaken behind the Iron Curtain...
Averell Harriman for massive credits* to buy modern petrochemical plants, which would expand the industrial complex already in operation near Ploesti. The Rumanians also urged increased contacts with the U.S. in academic, diplomatic, technical and cultural fields...
...Liberators that made it to Ploesti, 53 were shot down; more than one-fifth of the 1,600-man attacking force were killed. Actual damage to the refineries was relatively slight; many were back in operation in a matter of days. Nearly a year was to elapse before U.S. bombers would return to the city-this time at high level...
...flyers bombed Ploesti 20 more times in fleets of up to 485 aircraft. But at war's end, Festung Ploesti was still producing at 20% of capacity...