Word: smelter
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Dates: during 1980-1989
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Phibro, for example, already sells alumina, the material used to make aluminum, for Guyana. If that South American country some day needs a new hydroelectric plant to supply power to an aluminum smelter, the Salomon Bros, wing of the new company could raise the capital for the plant, and the Phibro one would then market the final product. Said Hal H. Beretz, 45, the president of Phibro: "The parts of this merger are unique. There's nothing out there that is going to match this combination." That attitude was the driving force behind last week's merger announcement...
...while the U.S. Government has stopped trade by some American companies, foreign firms have sometimes flouted U.S. policy. The French, for example, signed a contract last September to build the steel factory that Armco could not. And after Alcoa was forbidden last year to construct a Soviet aluminum smelter, a West German firm went ahead with the project...
...COLOSSEUM BANQUET and Function Room, where Ronald Reagan brought his presidential campaign last month, is a curious restaurant. Squatting in the middle of a glass-strewn parking lot overlooking a smelter, the Colosseum is a little bit of Italy in West Springfield, Mass. After all, there is the Toga Room. And the Julius Room, and the Caeser Room. And the place is curved, in stucco appreciation of the real thing. And there's marble in the bathrooms, except it's peeling near the sinks, where the water has soaked off the backing...
...Jona than Hefferlin, the owner of Jonathons Coin in Los Angeles. From the daily glut, his wife picks out the valuable objects for resale. But at Manhattan's Empire Diamond & Gold Buying Service, where the queues form two hours before the store opens, almost everything goes to the smelter. Says Owner Jack Brod, who bought a Spanish-American War medal for its weight and paid only $75: "We might get more from a collector, but it's not worth looking for one or waiting. We'll melt...