INDUSTRY: More Expansion

Few U.S. companies have expanded as much in the last five years as Union Carbide & Carbon Corp. The world's biggest maker of plastics and the second biggest chemical company (first: E. I. du Pont de Nemours), Union Carbide has pumped $500 million into new plants and products. Last week Union Carbide announced another whopping expansion. From the Prudential and Metropolitan Life insurance companies it borrowed $300 million to step up its output of petroleum products, plastics, iron alloys and its new wool-like synthetic fiber, Dynel. If it can get materials, Union Carbide will build at the rate...

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