A. U.S. Investments
AGRIBUSINESS AND FOOD ALBERTI FOODS: Empacadora Nicaraguense. Food processing. BOOTH FISHERIES (CONSOLIDATED FOODS): (1) Booth Nicaragua (acq. '64). 54% JV. Shrimp exports. $4 mn inv (2)...
...3mn inv...
...Mfrs...
...contracts w/ local growers...
...25% JV w/ Somoza fam...
...2) Cukra Development Co...
...Interests...
...FORT DODGE LABS: E. Chamorro Bernard...
...NABISCO INC.: Industrias Nabisco-Cristal (acq '65...
...68...
...100...
...STAHL FINISH CO (BEATRICE FOODS): Quimica Stahl Centroamericana ('69...
...Free Industrial Zone, Managua Intl...
...17.5% JV...
...65...
...cigarettes...
...0PIC) BANIC = Banco Nicaraguense CNI = Corporaci6n Nicaraguense de Inversiones IFC = International Finance Corporation (World Bank) INFONAC = Instituto de Fomento Nacional Chart compiled by NACLA mainly from the following sources: Business Latin America, Inforpress Moody s Industrial Manual, Noticias, OPIC, corporate annual reports, interviews, and M. Herold, Multinational Enter prise Data Base (Durham N.H.: Univ of N Hampshire...
...68...
...Airport...
...Mixes fertilizers...
...drugs...
...Leon...
...2.4mn inv...
...COMMUNICATIONS SATELLITE CORP: Cia...
...Chemicals supplied by Pennwalt...
...crude...
...25 mn inv...
...Cottonseed oil: $2.71mn inv...
...65 mn inv...
...64) Largest corrugated box manufctr...
...Department store rebuilt after '72 earthquake...
...Granada...
...Maj...
...1.4mn sales...
...welding electrodes & refrigerators for CACM...
...Laboratorios Farmaceuticos de Nicaragua...
...COSCO INTL: Industrias Unidas de Centroamerica...
...INTERCONTINENTAL HOTELS CORP...
...china...
...Logging, furniture mfr...
...3.4mn inv...
...JV=Joint Venture (with % owned by parent Date = Year of entry Acq...
...TOURISM & TRANSPORT HUGHES TOOL CO: Lineas Aereas de Nic- aragua (LANICA) (acq...
...UNITED FRUIT CO (UNITED BRANDS): (1) Aceitera Corona (acq...
...caustic soda & chlorine...
...Mfrs...
...MITSUI CO: Polimeros Centroamericanos (POLICASA...
...NATIONAL DISTILLERS & CHEM...
...51% JV...
...100...
...100% Mfrs...
...60/ JV...
...EXXON: Esso West Indies Ltda...
...ITT): Corporacion Hotelera de Turismo ('75...
...77...
...lam- inated plastic sheets...
...Roasted & instant coffee...
...100...
...2) Envases Industriales Nicar...
...market...
...50% JV w/ BANIC & INFONAC Shrimp processing...
...1978 MINING ASARCO: Neptune Mining Co...
...Fertilizante Superior...
...7 7 % JV w/ Somoza interests...
...Mfrs brushes...
...ROYAL DUTCH SHELL: Compania Quimica de Nicaragua ('77) Mfrs...
...fertilizer, insecticides, herbicides...
...ORE & FERTILIZER CO...
...2 mn inv...
...65) 52% JV...
...Mixes insecticides...
...72...
...WEISS FRICKER CO...
...Mfrs...
...INQUISA (Industrias Quimicas), JV wl Adela Investment Co...
...Minor sewing machine assembly...
...2mn inv...
...Ceramica Centroam...
...4.1 mn inv...
...Dept...
...1.2mn inv +: Matagalpa PLYWOOD DE NICARAGUA ('59) JV of US, Nic., & Israeli capital...
...Grain elevator & feed mill GENERAL MILLS: Industrias Geminas ('62...
...Tipitapa...
...2.1 mn inv...
...Chinandega MJB CO: Cafe Soluble ('69...
...1 hotel: $4.1 mn '70 & $4.8 mn '77 + SHERATON HOTEL CORP...
...RALSTON PURINA: Purina-Nubasa (acq...
...40% JV wl INOUISA.* Mfrs...
...Processes raw materials for plastics industry...
...Mfrs...
...PAN AM): Hoteles de Nicaragua...
...2000 acre mechanized peanut plantation...
...adhesives...
...Mixes insecticides...
...UNITED BRANDS: Polymer United de Nicaragua...
...Produces rolled oats...
...JV w/ INFONAC & US interests...
...Siuna & Riscos de Oro (gold...
...Mfrs...
...18.8% JV...
...Logging & drying hardwoods...
...Chinandega...
...Zelaya...
...Maj...
...Luxembourg), INFONAC & Nic...
...Mfrs...
...60% JV w/ INQUISA (Industrias Quimicas), JV w/ Adela Investment Co...
...100...
...Acquisition Inv...
...Imports...
...BANKING BANK OF AMERICA ('64): Three branches in Managua...
...2 mn inv...
...drugs...
...kenaf & jute bags...
...2mn inv + . EVANS PRODUCTS: Maderas Centroamericana (acq '69...
...Not included are investments in accounting, advertising, insurance, construction, and franchise or sales office...
...Mfrs...
...SEARS ROEBUCK & CO...
...WRIGLEY JR CO...
...Mfrs drugs This chart includes major U.S...
...69) 50% JV w/ BANIC...
...Leon PENNWALT CHEMICAL CORP: Electroquimica Pennwalt ('67...
...airport...
...U.S...
...BEACON MFG...
...Largest private bank $100mn as sets...
...90% JV...
...4 mn inv (2) Nicamar (late '60s...
...Mfrs...
...22mn Inv...
...Mfrs...
...Bonanza mine (gold) in Zelaya...
...at Managua Intl...
...15mn inv...
...JV w/ Somoza interests...
...50% JV w/ BANIC Flour & feed mill...
...bags fertilizer...
...insecticides...
...WINTHROP LABORATORIES (STERLING DRUG CO...
...Maj...
...Posada del Sol ('76...
...pre-cut bluejeans...
...polyvinyl chloride...
...85 mn inv...
...BROWN & WILLIAMSON TOBACCO CO...
...Holiday Inn Managua...
...Mfrs...
...SINGER SEWING ('63...
...Edible oils, $1.5mn inv...
...Projected completion '79...
...cotton blankets...
...Managua Sheraton...
...Venez...
...Subsidiary is located in Managua unless indicated otherwise...
...de Telecomunicaciones por Satelite ('73...
...Mfrs...
...OTHER ABBOTT LABS: Abbott Intl Labs...
...59...
...75% JV...
...BEMIS INC: Sacos Centroamericanos ('66...
...2) Mercadeo Industrial...
...Records, radios, TV assembly...
...OLIN CORP: Fertilizantes de Nicaragua ('70...
...Ground satellite for TV/microwave...
...STEEL: Metales Y Estructuras (acq...
...12) Palm oil, peanuts...
...BORDEN INC: Quimica Borden ('60...
...HOTELS (UAL INC...
...plastic pipe & fittings...
...G.T.&E.: Electronica Centroamericana ('70) Assembly of Sylvania TV's...
...AMERICAN CYANAMID ('64...
...plywood to CACM, US & Canada TROPICAL DEVELOPMENT CORP...
...Biscuits & crackers $1 mn inv QUAKER OATS: Quaker de Centroamerica ('63...
...The parent company is listed first (if the foreign company is itself a subsidiary the parent is in parenthesis), followed by its local subsidiary and investment data...
...drugs...
...in Cen...
...Diriamba...
...RHEEM INTL...
...con- tract & JV w/ Somoza fam...
...RCA ('67...
...Mfrs multiwall paper bags...
...EMPIRE BRUSHES: E. Lopez y Cia...
...interests...
...WELLS FARGO BANK: Banco de America...
...Mangmnt...
...Granada...
...Overseas Private Investment Corp...
...45% JV w/ INFONAC, Adela & Nic...
...Mfrs...
...OCCIDENTAL PETROLEUM): Abonos Superiores...
...75% JV...
...100...
...8mn inv...
...TENNESSEE CORP: Cia...
...Maj JV Mfrs...
...Finances coffee industry & trade...
...INTL...
...COLGATE-PALMOLIVE: Colgate-Palmolive de Centroamerica ('62...
...42 branches...
...JV w/ local cap...
...Veterinary medicines...
...38% JV Mixes insecticides...
...FIRST NATIONAL CITY BANK ('67): Two branches $.78 mn inv...
...of Economics, 1977...
...CITY INVESTING CO) ('66): 51% JV...
...NACLA Report NACLA Report 38Nov./Dec...
...STANDARD FRUIT & STEAMSHIP CO (CASTLE & COOKE): Banana exporter...
...62 mn inv...
...5mn inv...
...66...
...govt...
...STERLING DRUG: Lab...
...Tipitapa...
...BAYLY CORP...
...ALGONDERIA WEIL S.A...
...Timber exploitation CADMUS INTL: Maderas Industriales ('68...
...INFONAC...
...Plastic products & paints...
...1 mn inv...
...2) Rosario Mining of Nic...
...4 9 % JV wi Nic...
...Gum plant at Waspam...
...Timber exploitation...
...Mfrs resins & plastic adhesives...
...WESTINGHOUSE ELECTRIC: Electrica de Centroamerica ('63...
...Exports to US parent...
...STAUFFER CHEMICAL CO: Insecticides Stauffer ('61...
...Total capital invested in subsidiary + = Insured by U.S...
...Luxembourg), INFONAC & Nic...
...1 7 mn inv...
...JV w/ Somoza fam...
...60% JV...
...steel containers & electrical equipment...
...HERCULES CO: Hercules de Centroamerica ('67...
...Adela...
...FIDELITY UNION LIFE INSURANCE: Elaboradora Farmaceutica...
...FULLER CO: (1) Industrias Kativo de Nicaragua ('65...
...CONTINENTAL MILLING (70s...
...CORP): Textiles Largaespada...
...ROSARIO RESOURCES: (1) Neptune Mining (see above...
...WESTERN INTL...
...CHEMICALS ATLAS CHEMICAL INDUSTRIES: Industrias Quimicas Atlas de Centroamerica ('65...
...Toilet preparations...
...77) Warehousing...
...Farmaceutica de Nicaragua ('58...
...Mfrs...
...Mfrs...
...AMERICAN STANDARD INC: Indus...
...H.B...
...4.8 mn...
...51% JV...
...Livestock & poultry feed...
...Refines oil for Nic...
...3mn inv...
...Wood products...
...Resins & Leather finishes...
...1.5 mn inv...
...38) 52% JV w/ Rosario Resources...
...Vesubio mine (lead & zinc...
...2.5mn inv...
...HOLIDAY INN: Turismo de Nicaragua ('77...
...La Rosita (copper, gold & silver...
...structural steel...
...MONSANTO CHEMICAL CO: Monsanto Agricola de Nicaragua ('66...
...PHILADELPHIA NATIONAL BANK: Banco Caley-Dagnall...
...Insecticides & emulsifiers...
...1mn inv., Leon...
...exp, flavoring & laxatives...
...incl...
...ROBINTECH...
...3) NUMAR ('70s...
...Assembles & exp...
...LEIGH TEXTILE CO: Grasas y Aceites...
...REGIS PAPER CO: (1) Empaques Multiwall Ultrafort (acq...
...Interests FOREST PRODUCTS BLUEFIELDS LUMBER CO...
...BRITISH-AMERICAN TOBACCO CO): Tabacalera Nicaraguense (late '50s...
...100...
...Mfrs...
...2.4 mn inv...
...25 mn inv...
...100...
...investments in Nicaragua...
...Mfrs...
Vol. 12 • November 1978 • No. 6
