Word: rheinstahl
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Dates: during 1960-1969
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...been more successful in setting up triangular trade agreements. A Polish contractor is building a Krupp-designed cement factory in Yugoslavia, and shipyards in Bulgaria are making fishing vessels for Ethiopia under subcontracts from Krupp; the company has offered similar triangular deals to the U.S.S.R. Essen's Rheinstahl has agreed to supply Hungary with steel and to engage later in joint manufacture of machine tools, radiators, boilers and pumps that will be marketed in third countries. The Soviet Union has shown little enthusiasm for triangular arrangements, but it is clearly interested in the Depolma idea, is sending a group...
...Rheinstahl sells steel to Henschel, whose production of heavy trucks complements Rheinstahl's lighter line. Most important, Henschel is at a crossroads where it needs both larger injections of cash and a new guiding light to replace the ailing Goergen. Fritz-Aurel Goergen would be delighted to sell out to Rheinstahl, and in fact began merger talks with Rheinstahl Boss Werner Sohngen more than a year ago, but he owns only 53.9% of the stock. Most of the rest is in the hands of such U.S. investors as Morgan Guaranty Trust, Wall Street's Burnham & Co. and Financier...