Word: steel
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Dates: during 1960-1969
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...that the best way to get peace talks started is not to relax the pressure but to keep it up. Accordingly, he moved to tighten the screws "another notch or two," as he put it. From bases in Thailand, U.S. F-105s streaked to the big Thai Nguyen steel complex 28 miles north of Hanoi and damaged it severely (see THE WORLD...
...mile zone bordering Red China, which is increasingly used as a sanctuary for truck convoys bringing supplies from China. Last week the U.S. decided to raise the North's costs considerably by striking hard at a target that had hitherto been spared: the huge Thai Nguyen iron and steel complex 38 miles north of Hanoi...
...technicians, and some 12,000 workers on three shifts. Destined to be the most modern metalworks in all of Southeast Asia when completed in 1969, Thai Nguyen was already turning out 200,000 tons of cast iron, supplying 80% of North Viet Nam's iron and steel alloy needs. It also had a vital role in Hanoi's war effort, fabricating "instant" bridges, cargo barges and oil drums...
...group of West German banks for providing the financing that is urgently needed for $250 million worth of export orders that Krupp has on its books. The company's troubles began last year when Krupp, already suffering from the depressed coal market and declining prices for steel, which accounts for 30% of its total production, began grasping for export orders so as to keep its 100,000 loyal Kruppianers at work...
...only son, Arndt, 29, has shown more inclination to fly with the European jet set than take over the company. Meanwhile, critics charge, Krupp's expansive general manager, Berthold Beitz, has overextended the company when he should have been cutting down its unprofitable operations in coal and steel. With public management instead of a private monarchy, German bankers are hoping that Krupp will come out of reorganization stronger than ever...