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Cats & Rats. A project of the Chilean government's Corporación de Fomento de la Producción (Development Corporation), Huachipato will be the west coast's first completely integrated steel plant. Under construction since early 1947, the $83 million plant is being financed by Export-Import Bank loans totaling $48 million, by stock sales to Fomento and private Chilean interests, and by credits from U.S. firms (e.g., Pittsburgh's Koppers Co., Inc.), which are supplying equipment and technical know...

Author: /time Magazine | Title: CHILE: Dream Come True | 1/24/1949 | See Source »

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