Friday, Aug. 23, 1963
PERSONAL FILE
sb After five years of glaring at their old colonial masters, the hard-pressed Indonesians are showing some willingness to do business with the Dutch. Philips Lamp President Frits Philips, 58, whose giant corporation wrote off Indonesian factories worth $5,300,000 after President Sukarno kicked the Dutch out, is just back from a trip to Indonesia with a new agreement. Philips agreed to train Indonesian technicians in The Netherlands, send experts to study Indonesian production problems. Also in the works for Indonesia: $28 million in Dutch trade credits.
sb A nation that took its silkworms seriously, Japan was shocked when aggressive Shigeki Tashiro, head of Toyo Rayon Co., stepped up synthetic rayon production and started a Japanese "wash-and-wear" boom. Tashiro now believes that rayon is a has-been, is turning Asia's largest producer of synthetics into newer fibers. Toyo, which has already built several plants abroad, last week was surveying the site for a new Malaysian nylon textile plant at Kuala Lumpur. "If you don't always strive toward new goals," Tashiro says at 73, "you lose vitality. That is disastrous."
sb "We have to democratize business," said Harvard-educated Gaston Azcarraga, 35, as he announced a $1,600,000 sale of stock in Fabricas Auto-Mex, which is 55% owned by his wealthy family and 33% by Chrysler, whose cars and trucks it assembles in Mexico. The sale fulfills government directives to spread ownership and to increase the "local content" of autos assembled in Mexico. Auto-Mex (15,308 vehicles a year) will use the money it takes in to build a $15 million engine plant at Toluca, 40 miles from Mexico City, from which Chryslers 60% made in Mexico will eventually emerge.
sb Already awarded the Order of the British Empire for his sheep-shearing skill (he set a world record of 456 sheep in nine hours), burly Godfrey Bowen, 41, chief instructor of New Zealand's Wool Board, returned home with a Soviet labor medal after a 10,000-mile shearing trip through Russia. His report made uneasy listening for wool-centered New Zealand. Bowen was impressed by Russian sheep "as big as donkeys," predicted that the Soviet Union--whose flock of 150 million sheep is increasing 8% a year--in five years will no longer need to import wool, may begin exporting it.
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