Word: turnkey
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Dates: during 1980-1989
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...Japanese and West German firms that rushed into the Chinese market in 1978 and 1979, at the outset of Peking's ambitious drive for industrial expansion. Japanese companies, including Toyo Engineering K.K. and Mitsui Petrochemicals Co. Ltd., have lost $640 million worth of contracts to build seven turnkey petrochemical plants in Nanjing, Shengli and Peking. Of its five contracts for similar plants, Lurgi Gesellschaften, a Frankfurt-based engineering combine, expects to lose at least three, worth $450 million...