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...mists filtering across the landscape were mixed for the first time with ammonia clouds, and Korean farmers wearing traditional costumes stood side by side with businessmen and government officials in trim, Western-style business suits. All had gathered for the dedication of the Korea Fertilizer Co.'s new urea plant, which, with an annual capacity of 330,000 tons of fertilizer, will be one of the world's largest. Presiding over the ceremonies, suitably enough, was Byung Chull Lee, 57, the plant's owner, who is the richest and by far the most controversial businessman in South...

Author: /time Magazine | Title: South Korea: B. C. Lee's World | 4/28/1967 | See Source »

...greatest corporate opportunity is in fertilizer-the quickest way to spur the yield from the millions of farms still tilled by horse and hand in underdeveloped countries. In Taiwan. Mobil Oil and Allied Chemical have teamed with a local firm to build a $20 million urea-and-ammonia plant. Esso Chemical Co. is investing $200 million in fertilizer factories in 13 areas as disparate as Aruba and Malaysia. In the Philippines, Esso built a fertilizer plant and sent teams of native salesmen out into the paddies to show suspicious farmers how much more money they could earn by using agricultural...

Author: /time Magazine | Title: Food: An All Consuming Opportunity | 7/1/1966 | See Source »

...months. Then the company will reinvest its earnings for ten years (to a total of $55 million) in a string of satellite petrochemical plants on 2,600 surrounding acres. The satellites will be owned jointly by Phillips, other U.S. companies and Puerto Rican investors, will turn out urea for fertilizers, polyethylene, polystyrene and polyester for plastic or synthetic fiber products, synthetic rubber, carbon black and nylon...

Author: /time Magazine | Title: Oil: Growth Amid the Sugar Cane | 1/7/1966 | See Source »

...produces only 350 tons a day. To take full advantage of the need for fertilizers-the world must double its food supply by 1980 just to keep even-the company recently opened the world's largest phosphoric acid plant in Houston, is building an ammonia-based urea plant at Lake Charles...

Author: /time Magazine | Title: Corporations: Tidying Up the House | 11/26/1965 | See Source »

...essential if modern treatments are to be effective. Professor Samuel P. Bessman of the University of Maryland found that disodium calcium ver-senate will selectively leach out the lead from a child's system without robbing him of precious calcium. Now doctors are trying combinations of versenate with urea for double action...

Author: /time Magazine | Title: Poisons: Lead Paint in Chicago | 8/9/1963 | See Source »

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