Word: mitsui
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Dates: during 1960-1969
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Mile-Long Trains. In the project, the two principal Australian companies -Broken Hill Proprietary Co. and Colonial Sugar Refining Co.-have an impressive line-up of international partners. American Metal Climax has a 25% interest; Japan's Mitsui and C. Itoh and Britain's Selection Trust Ltd. hold lesser shares. Their hardest job has been to get the ore out from the Mount Newman area, which is 780 miles by road from the nearest large city, Perth. In just 14 months, U.S. and Canadian companies laid down 265 miles of railroad track to connect the site with Port...
...summer Communists and capitalists after much dickering over terms signed an agreement under which Japanese banks will grant a $133 million, five-year loan at 5.8% to enable the Russians to develop Siberian timber cutting. In addition, a consortium of 13 Japanese companies, including such big trading firms as Mitsui and Mitsubishi, will be allowed to sell $30 million worth of consumer goods to Russian settlers in Siberia. As repayment of the loan and to cover its interest, the Russians over a five-year period will ship 8,020,000 cubic feet of timber to Japan. With housing chronically short...
...directed almost as much against Philippine President Ferdinand Marcos, a bitter political rival, as against the Japanese. Marcos sees Japan as a source of sorely needed investment capital, last year issued an administrative order that enabled the 17 Japanese businesses, which include such well-known trading firms as Mitsui & Co. and Sumitomo Shoji Kaisha Ltd., to operate in the Philippines. The Japanese obtained government licenses and moved in quietly; most of them discreetly left corporate name plates off their office doors, instead put up signs reading simply "Welcome, walk...
...Concessions. Japan, dependent on the U.S. to absorb 30% of its exports, last month sent eight top businessmen to Washington to plead against such backward steps. The delegation returned to Tokyo in gloom. "We are not optimistic at all," said the group's leader, Chairman Kiichiro Sato of Mitsui Bank. "Japanese business must start thinking seriously of countermeasures." As the Japanese see it, the repercussions of U.S. protectionism, both economically and politically, are unestimable...
...taxes and tax-evasion penalties, and his shares in three banks were confiscated by the Park administration. Now back in grace, Lee got $6,000,000 in government-backed loans to finance the fertilizer plant. The remainder of the money included a $43.9 million loan from Japan's Mitsui & Co. and a $1,000,000 investment by International Ore and Fertilizer Corp. of New York, which will market excess output abroad...