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New York Firm Wins Record Soviet Chemical Contract
The Chemical Construction Corp of New York won the largest U.S. contract in Soviet history valued at about 200 million dollars to develop and equip four plants in a major ammonia fertilizer complex at Togliatti on the Volga. Construction is set to begin by January 1 with four years to completion. The deal includes loans from the Export-Import Bank and a broader 20 year agreement affecting trade between the two nations. Armand Hammer of Occidental Petroleum attended the signing along with Soviet officials.
MENTIONED IN THIS ARTICLE
Moscow
Chemical Construction Corp. of
New York
Soviet Union
Florida
Occidental
United States
Orenberg
William Casey
Bank
Hammer
Ing
Chemica
Togliatti
Volga
Clarke