Word: toyosaburo
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Dates: during 1965-1965
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Concentrating for Efficiency. The Toyobo-Kureha combine is the first instance in which the ailing industry has adopted the drastic solution that the government has been urging: concentration of capital and increased efficiency through merger. "We should have done this a long time ago," says Toyobo President Toyosaburo Taniguchi, 64, who will head the new venture with the assistance of Kureha's Kyoichi Ito, 51. The new company, which will keep the name Toyobo, will have a combined capital of $51 million and 32,000 employees in 33 mills. The merger, almost sure to be followed by others, will...
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