Greece: Aluminum Under Parnassus

Trading on its past, Greece has long supported itself on tourism and an economic mixture of goats and grapes, fish and ships. More recently, the country has tried hard to develop modern industry, has more than tripled industrial exports to $25 million in the past five years. All along, a valuable asset lay hidden: bauxite, the basic raw material from which aluminum is made. Now a French-Greek-American combine called Aluminum of Greece has built the country's largest plant, a $135 million factory on the Bay of Antikyra in the shadow of Mount Parnassus. The plant not only...

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