WALL STREET - C&EN Global Enterprise (ACS Publications)

Metallochemia's sodium dichromate plant at Budapest is dominated by futuristic water tower

WALL STREET

Fourth-quarter slump shows signs of leveling out. C&EN INDEX OF STOCK PRICES ;

1190 1 j ! II

MM

i

Il80J 1 | M I 1 1 1 1 i Ml

Jan. 1954 opening prices

! l

ii 111

M l

i

also expected to remain at the 109c level of the previous plan. The destiny of the remaining 20 to 307c of the total investment has not been disclosed by the ministry, however. Another objective of Hungary's development plan is an increased cooperation with both eastern and western countries, says Dr. Szeker. Economic integration with the Comecon countries (Bulgaria, Czechoslovakia, East Germany, Mongolia, Poland, Romania, and the U.S.S.R., in addition to Hungary) will be increased so that larger, modern plants can be built and used efficiently. A good example of this integration is the proposed ethylene unit at Leninvaros. The output of the plant would be too large for solely captive use by Hungary, but the plant can be made profitable by the exchange agreement with the Soviet Union. Other examples of such international cooperation cited by Dr. Szeker include an agreement with Bulgaria to develop ammonia-soda production, and a pact with Poland for long-term development of sulfuric acid facilities. Western thrust. Hungary is also attempting to forge stronger economic links with the West. The ministry has already made an agreement with Osterreichische Stickstoffwerke (OSW) of Linz, Austria, to obtain acrylonitrile for synthetic fiber production. Austria will receive some of the fiber production in exchange, says OSW's Dr. H. Buchner—until Austrian demand warrants construction of a domestic plant. OSW is also discussing other possible arrangements with Hungarian officials. Such arrangements would involve propylene, vinyl chloride, and epichlorohydrin. The company is particularly eager to obtain new sources of PVC and aromatics, says Dr. Buchner, and favorable agreements could readily be reached. Hungary is also holding discussions with chemical companies in other countries, such as Ciba-Geigy and Sandoz of Switzerland and Semperit of France. The results of these talks are still uncertain, but Hungarian officials seem convinced that only agreements of this nature will enable the country's chemical industry to sustain its hitherto rapid growth.

\

Wi|-flM i l l 160

1 MiM

1

| Ij [ISO.]

i

v ;

;

:

1

jj

f| TT

l$70i 1 si 11

IM M !

i i

i' 1 ML

Mil

130

1

RBI A20j j 1 [I

Ml

1l ' P

11

;

:i i

r

,.

^

i

j

1

i

1

rfnXl ill | If III

\\M 1 r l IT

ill

| ]•

1 | 4-4 H 1 • 1

1 j

fill . l i b i 1 i

FiM HI

\

1

i

I i

i

| M i l IM M III II i ill 1 l Hi i ! IIII III II III M i nm"TII i MII 11 ni n rn n rm ill I ill

I I 1 1 '1

• \

I 1

| iM

ffn

i if i

L300| M j|i_

....

I hi i Mj

t

i||

1

NJ

| |

i

JjL.j i i

140 WU^f

\I!

i in

i i1 i

"jhiTPI Mil

II

M

IT

H|

NH 1 \ \ N9r *4 •

1

100

j ry

M M

Mill 11 IM 11'

.275.1 i i l l

i

i | |

1 1

|||

•

1

M

I

||

|

11II M 1II11IIII11 II M IM i M 1 [250

j l i

I I

2Q

M

nL 1M II h

1225

11M M

|\|

i

!

1 111 I I 1II I I M II 1 I I Ii 1 M M M 1

1

i i

M

| 1

MM

I jflJ 1 JJr\J^N|]\ 11 1 iII \\rR\\ M l 11! iiI i It 1 I \^ [m ^ J

i M l OTNJ

M 1 tilMlf !j

|l

175-l

j II M

IJJ || M 1 M| [i

y^j/^pn

1\ j f f i 1 M 11

M

\\

1 Ml i

MM i • i I I M

1 II1! M 1 ! lii