Word: schloemann
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...decision last month to halt work on the second phase of the giant Baoshan Iron and Steel Works near Shanghai. That grandiose $5 billion undertaking, seen as the cornerstone of industrial modernization in China, was contracted in 1978 to various consortiums, including one headed by West Germany's Schloemann-Siemag AG. The scuttled portion of the project includes plans for a $650 million cold-rolling mill, to have been built jointly by Schloemann-Siemag and three other West German firms, a $425 million contract with Mitsubishi Heavy Industries, and a $140 million project for Nippon Steel...
...ministry official was more blunt: "When we sign contracts, we honor them, even if it is a tremendous hardship for us. We expect our business partners to do likewise." Only the prompt payment of "sufficient compensation" could alleviate "doubts about Chinese reliability," said Heinrich Weiss, the board chairman of Schloemann-Siemag...
| 1 |