Word: exporter
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Siemens must export to survive; the domestic market simply will not support the company's huge research expenses, which last year amounted to $140 million. Its communications research center in Munich has 4,330 scientists; at the Erlangen lab near Nürnberg, 500 nuclear technicians made possible the Argentine generator sale. While most European firms depend upon American processes and patents, Siemens has sold $50 million more patent rights since the war than it has bought. If asked about the so-called technology gap between Europe and the U.S., Erwin Hachmann, 55, a member of Siemens' three...
Anil Nayar is busy running a sandal and lobster-tail export business in India, but as far as Harvard's squash coach Jack Barnaby is concerned, Nayar himself is India's best export...
...Colombia, the Texaco-Gulf project is a chance to inject much-needed income into the economy while easing its dependence on coffee, which currently accounts for 60% of the country's export earnings. For the two companies, which decline to estimate the total value of the Putumayo find, the project may initiate a far-ranging cooperative exploratory effort. Texaco and Gulf have already staked a claim on 5,000,000 acres in neighboring Ecuador, where last spring they discovered a rich oil field. Geologists, moreover, venture that the Colombia-Ecuador finds are only the beginning, and that much more...
...core of the problem is a disastrous balance of trade: the poor countries are getting lower and lower prices for the raw materials they sell to the industrial powers, while the developed nations are steadily increasing the prices of the manufactured goods they export...
With a production line geared to roll out over 1,000,000 vehicles a year, B.L.M. figures to fill 40% of the domestic market and be Britain's No. 1 export earner besides-with $700 million a year in sales abroad. "We've been thinking about it for years, but we wanted the merger on satisfactory terms," says Leyland's Sir Donald Stokes, 53, who will be deputy chairman, managing director and chief executive officer of B.L.M., with British Motor Holdings' Sir George Harriman, 59, as chairman of the board...