Giant industrial plan aims to boost steel and chemical output
The program targets 4 million tons of crude steel yearly by 1967, 70 000 tons of ammonium metal, 1 million tons of cement annually, and 1 112.4 ships in four years. It includes a 10 percent annual rise in chemical production and fertilizer output, plus 12 percent yearly growth in machinery making. Private investment is hoped at about 50 billion pesetas or 8 13 billion dollars.