Word: soci
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Dates: during 1960-1969
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...established, Petrofina has decided to broaden operations. It wants to gather at least some of its own crude oil, now owns fields in the U.S., Canada and Angola and is prospecting in six other nations, including its native Belgium (where it numbers among its 85% Belgian stockholders the ubiquitous Société Générale de Belgique, chief owner of the Congo's Union Minière). It has also moved into petrochemicals, along with Union Carbide has opened a massive polyethylene plant at Antwerp to supply the Common Market...
...province's power supply. Some engineers doubted that the Katangese were expert enough to destroy the Kolwezi dams. And on the basis of the past track record of the Union Minière (which is controlled by Belgium's all-pervading Société Générale), many another observer was prepared to bet that the Kolwezi dams would survive...
...Road builders understand equally why blacktop pavement is eaten away from below. The guilty parties in both cases are microorganisms that go for hydrocarbons like kittens lapping spilled cream. Until recently no one made much of the hungry bugs' peculiar tastes blast week Research Director Alfred Champagnat of Société Française des Pétroles, a subsidiary of British Petroleum Co Ltd. announced that he has domesticated the oil eaters and that they are excellent food for both man and beast...
...wiped out the European conviction that a company's profit figures are to be guarded like nuclear secrets. But to a growing degree, European executives are recognizing that public opinion does affect their business. Though his predecessor as chairman of Belgium's Société Générale was so aloof that he Defused even to release his photo for publication, new Chairman Max Nokin freely allows both pictures and interviews in an effort to counter charges that his firm is meddling in Congolese politics. More important, with European workers now earning better wages, their...
...where mutual funds are exempt from taxes. Spreading its investment among 93 Common Market companies, EURUNION has increased its assets from $12 million to $33 million in two years. EURUNION's archrival, VALEUROP, which is run by another syndicate of banks including the Amsterdamsche Bank, Banque de la Société Générale de Belgique and the Deutsche Bank, also boasts a spectacular record: $100 invested in VALEUROP 18 months ago is now worth...