Cedar Rapids Gazette, May 22, 1974, Page 10

Publication: Cedar Rapids Gazette May 22, 1974

Cedar Rapids Gazette (Newspaper) - May 22, 1974, Cedar Rapids, Iowa Th<* Odar Rapids Gazette: Hod . May 22, 1971    1    1    aW'w~'Tmrmtr'mwm*'^%m\'*mw%4**\ is#    wfittitotir 000^- ■■-0000^^    sates.***- 0£rlSays More Foreign Firms Plan New Plants in U. S MAV VORK (AR) - Fifty ‘.even liirciKM firms announced plans during the first quarter lo invest mote (liart $340 mil lion iii 30 manufacturing In iilities in lite t S , an imlepen dent study reported recently That represents an int ri ase from the last nine months vv hen foreign plans for direct ownership of I S manufactur ini' plants averased IO art nouneemenls f»er quaffer, the study says Japanese firms, which an flounced plans for lf new in vestments in I S. plants, led the list in numbers. Japan was followed hy West Germany with nine new Investments the f nited Kingdom with eight planned apiece. Most of the investments will he in chemical, machinery, electrical equipment and textile plants, the report says rile study of direct foreign ownership of I' S manufacturing assets is put together by WM- me ( omerenee Hoard, a nonprofit organization for the scientific study of business and economic conditions iii (tie IJ.S I he study includes acquisitions of existing plants as well as plans for new construction. Not one of the investments in the first quarter < ame from the Arab states, the ( (inference Board reported Us ’ •    '.-VS; ' “There s lots of rumored Arab money iii real estate, hotels. resorts arid securities here, but they’re not investing iii manufacturing facilities iii the ll. S.,” David Bauer, director of the project, says. Bailer says most nl the for eign investment in mamifae taring tomes from other in diislriali/ed countries such as Japan and West Germany that have major markets for their products in the I' S Their reasons for coming here are complex,” Batler says “For example in Japan energy is harder to get than iii the f S. and land is scarcer And West Germany has a verv tight labor market." MU LE KOFFS 2'/i acre* of evtrythisg fpjythe boma FRIGIDAIRE Electric 30-Inch Open Thursday 9 to 9 Buy Now! Save Famous FRIGICJHtE 2-Door Frigidaire Refrigerator-Freezer Famous HOOVER Slimline ss; j2897 • Powerful I Va h.p. Motor • Triple Filter Exhaust • Big Throw-Away Dust Bog • Complete Set of Attachments • Metal Construction Easy Terms , With Trode Latest Models Now os Low as >199 Has famous Frigidaire features. 30-inch width, with full wide oven and top burners. Fits in compact kitchen areas. Makes cooking a pleasure. Compact in size, BIG in performance. 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Baked potatoes in 4 minutes. Maotloaf in 15 minutes. Even big roasts in a froct-on of normal time. Saves food values, for they’re not steamed away or thrown away in cooking water. Oven walls never get hot, so spatters don’t cook on, you can wipe them away easily. Defrosts frozen foods speedily. Uses regular 11O volt outlet 9 ;

  • David Bauer

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Issue Date: May 22, 1974

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