Business: Manhattan’s Dropouts

Since the beginning of 1967, these large companies have moved their headquarters out of Manhattan:

Company

American Can

Avco

BASF Bangor (U.S. Punta Division)

Columbia Gas System

CPC (Corn Products)

Flintkote

Foster Wheeler

Hooker Chemical

Howmet

CI America

Lone Star Cement

Lummus

Metro-Goldwyn-Mayer

Microdot

Olin

Panhandle Eastern Pipe Line

PepsiCo

States Marine International

Union Camp

U.S. Tobacco

1970 Sales (in millions)

$ 1,838

758

342

56

823

1,376

355

391

N.A*

250

67

N.A.

265

192

171

155

1,125

419

N.A.

123

462

86

New Location

Greenwich, Conn.

Greenwich

Greenwich

Parsippany, N.J.

Wilmington, Del.

Englewood Cliffs, N.J.

White Plains, N.Y.

Livingston, N.J.

Stamford, Conn.

Greenwich

Stamford

Houston, Texas

Greenwich

Bloomfield, N.J.

Culver City, Calif.

Greenwich

Stamford

Houston

Purchase, N.Y.

Stamford

Wayne, N.J.

Greenwich

The following major corporations are in the process of moving their headquarters out of Manhattan:

Company

AMF

Chesebrough-Pond’s

Combustion Engineering

Continental Oil

Sen Tel & EI

Great Northern Paper

Ingersoll-Rand

Kraftco

Richardson-Merrell

Shell Oil

Stauffer Chemical

1970 Sales (in millions)

5,636 261 957

2,964

3,439 355 766 737 381

4,299 483

Destination

White Plains

Greenwich

Stamford

Stamford

Stamford

Stamford

Woodcliff Lake, N.J.

Chicago

Southern Connection

Houston

Westport, Conn.

* Figure not available.