Corporate profiles compiled by George Draffan

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FALCONBRIDGE MINING

Canada

Copper, nickel, and zinc mining. AMAX tried to buy Falconbridge in 1989 (Everybody's Business, 1990, p. 466).

See Falconbridge: Portrait of a Canadian Mining Multinational, by John Deverell and the Latin American Working Group (Toronto: James Lorimer, 1975) and WOTE.

 

 

FAR EAST ENERGY INC.

Washington, DC
Houston, TX

Along with Tokyo Boeki Development, part of a group planning to develop energy reserves in eastern Siberia. There was an accord with the regional Yakutsk government in December 1991, and a contract signed with the Russian government on March 18, 1992. A $10 to $14 billion investment is envisioned, with feasibility studies, pipeline construction, and oil and gas drilling.

 

 

FARBEN see I.G. Farben Trust

 

 

FIBREBOARD CORP

19040 Standard Rd.

Standard, CA 95373

209-532-7141

Plywood of mahogany, rosewood, and teak (Directory of the Forest Products Industry, 1988). Once belonged to Georgia-Pacific.

 

 

FINA EXPLORATION see Petrofina

 

 

FIRESTONE

1200 Firestone Parkway

Akron OH 44317

216-379-7000

Made illegal political contributions in the 1980s. Sold in 1988 to the Japanese corporation Bridgestone for $2.6 billion. Makes tires in Spain, France, Portugal, Italy, Argentina, Brazil, and Venezuela.

Firestone pioneered rubber plantations, in Liberia, along with Ford (in the Amazon, 1926 to 1947) and Goodyear (in Panama and Costa Rica, from 1934). Cultivated rubber was the industry's answer to British control of natural rubber in the 1920s. For background, see Hecht and Cockburn's The Fate of the Forest (p. 97ff) and The Firestone Operations in Liberia, by Wayne C. Taylor (1976). Firestone's Liberian operations were attacked in 1992-93, during the Liberian civil war.

 

 

FISHER FAMILY see GAP

 

 

FISHER-WATT GOLD CO.

The San Andreas mine in Honduras is an open pit heap leach operation; the mine was begun in the 16th century. Many companies are involved: Asarco; Gold Mines of America; Fisher-Watt Gold Co; Madeline Mines Ltd; Milner Consolidated; Kennecott has 80 percent interest (Engineering & Mining Journal, Feb. 1992, p. 7).

The Mystic gold mine west of Sun City, Arizona is a joint venture between Fisher-Watt and Mining Drilling and Milling (MDM) (Mining Magazine, Mar. 1992, p. 179).

 

 

FLETCHER CHALLENGE LTD.

810 Great South Rd, Penrose, Auckland, New Zealand

telephone 011-64-9-590-000 Fax 011-64-9-525-0559

Fletcher Challenge Canada, 700 West Georgia St, Vancouver, British Columbia, Canada

Fletcher Challenge Finance Canada,20 Queen St., Suite 1908, Toronto, Ontario M5H 3R3 Canada

Fletcher Challenge was created in 1981 by merging Fletcher Construction (Fletcher Holdings) with Challenge Corporation, consisting of the NMA Company and the Wright Stephenson conglomerate of livestock, fertilizer, land development, and manufacturing.

Fletcher Challenge has operations in New Zealand, Australia, Brazil, Canada, Chile, the UK, and the U.S. Its 1991 sales were NZ$12 billion; 28 percent was from pulp and paper; 56 percent from building materials and construction; 5 percent from "rural services"; and 11 percent from energy. More than half its sales came from overseas. Fletcher Challenge provides ten percent of New Zealand's total exports, is the world's largest methanol producer and the second-largest newsprint producer.

To retire debt, Fletcher has since 1992 reorganized, sold and spun off various operations in New Zealand, Chile and Canada -- as well as accelerating its cutting of remaining timber.

Fletcher Challenge's timber-based companies control 1.3 million hectares of forests, mainly in Canada and Chile. It employs 22,000 people, with production in eight countries. It is the world's second-largest newsprint producer. (Horton, 1995. See bibliography below).

Subsidiaries have included:

Australian Newsprint Mills. 50 percent-owned. Owns 20,000 hectares and rights to 80,000 hectares in New South Wales and Tasmania.

Blandin Paper in Minnesota, U.S [Blandin was sold].

British Columbia Forest Products in Canada. Acquired a majority of stock in 1987.

Cape Horn Methanol of Chile. Acquired in 1991.

Crown Forest Industries, Canada. Reconstructed from Crown Zellerbach, which Fletcher bought in 1983. Spun off into TimberWest Forest.

Fletcher Challenge Canada. In 1993 Fletcher Challenge Canada announced it would sell half its stock to the public and rename itself Western Forest Industries.

Forest Industries Group.

Nelson/Marlborough plantations. In 1992, sold 49 percent of its 61,000 hectares to the American-owned RII New Zealand Forests.

Papel de Imprensa. 72,000 hectares in Brazil. Fletcher controls 45 percent.

Petralgas. Petroleum exploration and products.

Petrocorp. Petroleum exploration and products.

PISA (Brazil, 50 percent-owned).

Rural Bank. Sold to the National Bank of New Zealand in 1992.

Southern Petroleum of New Zealand. Controlling interest acquired in 1991.

Synfuel. Petroleum exploration and products.

Tasman Asia Shipping.

Tasman Chile.

Tasman Forest Limited (manages 211,000 hectares of New Zeland plantations, acquired in 1990 for $262 million). In 1994, Tasman acquired BP's interest in the Hikurangi Forest Estate.

Tasman Pulp and Paper.

TimberWest Forest. See Crown Forest Industries.

UK Paper in England and Scotland.

Western Forest Industries. See Fletcher Challenge Canada.

Wright Schuchart and Dinwiddie Construction (one of the U.S. West Coast's largest builders.

Controversial operations have included:

Clearcutting: Carmanah and Clayoquot Sound, Vancouver Island, British Columbia, Canada. Massive demonstrations and legal actions since 1991-92.

Labor problems: layed off hundreds of timber employees in New Zealand, replacing them with contract workers; described in Horton, 1995, pp. 14-15.

Log exports: massive log exports from New Zealand in 1992-93, led by Fletcher Challenge and Carter Holt Harvey, the two largest beneficiaries of the privatization of state-owned forests.

Mining: Wari Wari gold mine in the Porgera valley in Papua New Guinea.

Subsidies: Fletcher began with state-funded housing construction. Acquired state-owned forests.

Bibliography:

Horton, Murray. Clearcut: Fotesry in New Zealand. Christchurch, NZ: Campaign Against Foresign Control of Aotearoa (CAFCA), 1995.

Irving, J.C. A Century's Challenge.

Jesson, Bruce. The Fletcher Challenge.

Parker, Selwyn. Made in New Zealand: The Story of Jim Fletcher.

Robinson, Ned. James Fletcher: Builder.

 

 

FLO-SUN

Palm Beach FL

Fanjul family holdings of 400,000 acres of sugar cane in Florida and the Dominican Republic; descendants of the Gomez-Mena family of Cuba.

Bartlett and Steele, Special Report/Corporate Welfare, Time, Nov 23, 1998.

Center for Responsive Politics. The Politics of Sugar. Washington, DC: CRP, 1995. 51 pp.

 

 

FLUOR CORPORATION

3333 Michelson Dr, Irvine CA 92730

 telephone 714-975-2000

One of the world's largest engineering and construction firms, with more than 450 subsidiaries around the world; had 1990 sales of $7 billion. Owns Massey Coal. Owns the Doe Run lead company. Began in 1912. Saudi contracts since World War II. Bought South Carolina-based Daniel International in 1977.

As Fluor Daniel Wright, involved in a joint venture gold mine at Omai in Guyana with Cambior, Golden Star, Ivanhoe Capital, Placer Dome, and South American Goldfields (Marcus Colchester, "Sacking Guyana," Multinational Monitor, Sept. 1991, p. 8-14).

Western Pacific Constructors is a joint venture between Fluor Daniel and CMPS to provide engineering and construction services to the primary aluminum industry in Australia and New Zealand. Western's first project is a contract with Tomago to expand an aluminum smelter near Newcastle, Australia, to be completed by 1993 (Mining Magazine, Aug. 1991, p. 106).

In 1976, Kennecott sold Peabody Coal to a consortium which included Bechtel, Equitable Life Assurance, Fluor, Newmont Mining, and Williams Company; Hanson bought Peabody in 1990. See Peabody entry.

 

 

FMC CORPORATION

200 E. Randolph Dr, Chicago IL 60601

telephone 312-861-6000

Begun in 1884 with pesticide pumps. World War II military equipment. Had a half interest in Ketchikan Pulp in the 1960s and 1970s (see Ketchikan Pulp). Began mining in 1979 with Freeport. Purchased Lithium Corporation of America in 1985. Now makes industrial chemicals, machinery, metals, and defense systems (tanks and armored vehicles and naval weapons) at 92 plants and mines in 24 states and 16 foreign countries. Had 1990 sales of $3.7 billion (Hoover's Handbook of American Business 1992).

The Council on Economic Priorities produced an environmental report on FMC in 1991-92 ($20 from CEP, 30 Irving Place, New York NY 10003, 1-800-729-4237).

FMC Gold planned a cyanide heap leach gold mine at Beartrack in Idaho with Burlington Resources' Meridian Gold, with which it merged. FMC plans to make $300 million from the mine; U.S. Secretary of Commerce Ron Brown helped FMC; W. Alton Jones, which holds $1 million in FMC stock, also funds Pacific Rivers Council; in January 1995, Pacific Rivers Council and The Wilderness Society asked a federal judge to remove the injunction he'd given them (Wild Forest Review, Oct-Nov. 1995, p. 10; High Country News, Aug. 21, 1995, p. 4).

Trona (soda ash) mining in the Green River Basin, Wyoming (Mining Magazine, July 1991, p. 6).

 

 

FOLGER'S COFFEE see Proctor & Gamble

 

 

FOOTE MINERAL

U.S.

Chrome producer in Rhodesia (Zimbabwe); after Rhodesian imports were banned by the United Nations because of racial policy, Foote and Union Carbide lobbied the U.S. for passage of the Byrd Amendment in 1972, supposedly to avoid dependence on the Soviet Union's chrome (WOTE, p. 120-121).

 

 

FORD MOTOR

American Road, Dearborn MI 48121

telephone 313-322-3000

Begun in 1903; in 1919 the Ford family bought up all outstanding shares; it did not allow public ownership again until 1956; the family still retains 40 percent of the voting power. Ford was involved in aerospace since the 1950s (sold to Loral in 1990); is the third-largest agricultural equipment maker; owns financial subsidiaries (American Road Insurance, Associates First Capital, First Nationwide Financial Corporation, Ford Motor Credit, and United States Leasing International). Ford owns half of Autolatina, a South American joint venture with Volkswagen, and a quarter of Mazda. Ford plans to expand into Eastern Europe and Asia (Hoover's Handbook of American Business 1993).

The Council on Economic Priorities produced an environmental report on Ford in 1991-92 ($20 from CEP, 30 Irving Place, New York NY 10003, 1-800-729-4237).

Labor violence at Ford's Cuautitlan plant in Mexico state (Multinational Monitor, July/Aug 1990).

Firestone pioneered rubber plantations, in Liberia, along with Ford (in the Amazon, 1926 to 1947) and Goodyear (in Panama and Costa Rica, from 1934). See Hecht and Cockburn's The Fate of the Forest (p. 97ff).

Reckless Disregard (unsafe school buses).

Ford is one of the five corporations used as case studies in Global Dreams: Imperial Corporations and the New World Order, by Richard J. Barnet and John Cavanagh (New York: Simon & Schuster, 1994).

 

 

FOREST MACHINE TECHNOLOGY (FMT)

Norway

Forest Machine Technology (FMT), Forest Finans, the Norwegian Forestry Research Institute, the Norwegian Council of Export, and other Norwegian government agencies are all involved in logging in the Khabarovsk region of the Russian Far East. The logging ventures, called Forest Starma (Starma Holding) and Taginskii Lespromkhoz, are based in the Russian coastal town Vanini, began logging in 1992, and are expected to expand with further Norwegian subsidies (from an article by Ragnhild Sved of the Norwegian Society for Nature Conservation in Taiga-News: Newsletter on Boreal Forests, No. 5, March 1993, p. 3).

 

 

FORESTAL ORIENTE

Uruguay

30,000-hectare eucapyptus plantation formed by UPM-Kymmene and Royal Dutch Shell (Carrere and Lohmann, Pulping the South, pp. 106-107, 192).

 

 

FORMOSA PLASTICS

Taiwan

Received some $170 million in tax breaks and subsidies for expanding its Point Comfort, Texas petrochemical facilities. Its Louisiana facility has been fined for excessive releases of vinyl chloride (Holley Knaus, "Taiwan Brings Toxics to Texas," Multinational Monitor, May 1991, p. 7-8).

Was on the Council on Economic Priorities' 1995 Worst Polluters List.

 

 

FOSTER-WHEELER

Perryville Corporate Park, Clinton NJ 08809

telephone 201-730-4000

With JGC and Mitsui, plans to construct an oil refinery in Balongan, western Java, Indonesia (Oil & Gas Journal, Oct. 23, 1989, p. 38).

 

 

FOX NEWS NETWORK LLC

Fox News is owned by Fox Entertainment Group.

Fox Entertainment also owns FOX Broadcasting (35 US television stations) and 34% of The DIRECTV Group.

Fox Entertainment Group is 82% owned by Rupert Murdoch's News Corporation. See entry for News Corporation.

The Most Biased Name in News: Fox News Channel's extraordinary right-wing tilt (Fairness & Accuracy in Reporting, August 2001)

Misperceptions, the Media, and the Iraq War (Program on International Policy Attitudes, October 2003)

Fox News: Deploying Reporters/Pundits to Distort the Facts (Center for American Progress, July 2004)

Still Failing the "Fair & Balanced" Test (Fairness & Accuracy in Reporting, August 2004)

Outfoxed: Rupert Murdoch's War on Journalism. Film produced and directed by Robert Greenwald; released by the Members of MoveOn.Org and the Center for American Progress

 

 

FRED MEYER INC.

3800 SE 22nd Ave, Portland OR 97202

telephone 503-232-8844 503-233-4535 Public Affairs

Fred Meyer was a door-to-door coffee, tea, and spice salesman in the early 20th centruy, opening his first store in Portland in 1922. In 1960, with 18 stores in Oregon and Washington, and sales of $56 million, the 18-store chain went public. In the 1960s and 1970s the chain expanded to Idaho, Alaska, and Montana. In 1981 the Kohlberg Kravis Roberts takover firm acquired Fred Meyer in a $420 million leveraged buyout. KKR took the corporation public again in 1986. Since then the corporation has been troubled by competition from wholesale clubs and Wal-Mart, and labor strikes (about 70 percent of the 24,000 employees in 1991 were unionized). KKR owned 52 percent of the stock in 1992. Fred Meyer is known for environmental efforts (it helped create a national environmental certification system). In 1991 Fred Meyer Inc. had sales of $2.7 billion and profits of $45 million; the chain consisted of 94 stores in Oregon (47 stores), Washington (40), Utah (13), Alaska (9), Idaho (8), California (3), and Montana (2). (All from Hoover's Handbook of American Business 1993, p. 282).

 

 

FREEMONT GROUP

A Bechtel spin-off, Freemont, has a majority interest in Crown Pacific, which has timberland and mills in Washington, Idaho, and Montana (Spokesman-Review, Apr. 10, 1994, p. E1, E3).

 

 

FREEPORT-MCMORAN see separate profile

 

 

FRIM

Malaysia

The Forest Research Institute of Malaysia (Frim) is being restructured to allow joint ventures with private companies; it will be allowed to create subsidiaries, and may eventually be privatized (Asian Timber, June 1993, p.14).

A memorandum of understanding has been signed between Frim and the British Overseas Development Administration for "sustainable forest management" in Malaysia; the agreement will involve the transfer of technology and research into biodiversity and other environmental aspects (Asian Timber, June 1992, p.11).

Frim is looking into the protection of the Orang Asli peoples, whose llivlihoods in petais, jerings, rattan, and other forest products has been jeopardized by timber cutting (Asian Timber, Feb. 1992, p.8).

 

 

FRONTIER GROUP see Texaco

A Texaco subsidiary, the Frontier group is involved in oil exploration worldwide, especially in South Amercian and the Pacific Rim (Hoover's Handbook of American Business 1993).

 

 

FT. MCMURRAY

Syncrude and Suncor oil-sands mines in Alberta, Canada.

 

 

FUJI BANK

World Trade Center, New York NY 10048

telephone 212-898-2400

Japanese bank with some $419 billion in assets (Forbes International 500, July 20, 1992, p. 258). Involved in Indonesia through its association with Marubeni.

J.P. Morgan and Fuji loaned $500 million to develop Freeport McMoRan's Irian Jaya, Indonesia gold, copper and silver mine (Engineering & Mining Journal, June 1991 and Mar. 1992); see entry for Freeport McMoRan.

 

 

FUJI ELECTRIC

1-12-1 Yurakucho, Chiyoda-ku, Tokyo 100

Begun by Siemens and Furukawa Electric in 1923; Fuji Electric, which still owns 13 percent of Fujitsu, spun Fujitsu off in 1935 (Hoover's Handbook of World Business 1993, p. 234).

Associated with Itochu (World Rainforest Report, v.6 n.2, 1990).

 

 

FUJITSU

Marunouchi Center Bldg, Marunouchi, Tokyo

telephone 800-553-3263

2904 Orchard Parkway, San Jose CA 95134

telephone 408-432-6333

$25 billion global telecommunications giant with operations in 100 countries; second-largest computer manufacturer. Controls mainframe computer-makers ICL (England) and Amdahl (U.S.); owns Fanuc (Japan). Fuji Electric, which still owns 13 percent of Fujitsu, spun Fujitsu off in 1935. Fujitsu and Advanced Micro Devices (flash memory chips) own five percent of each other (Hoover's Handbook of World Business 1993, p. 234).

Associated with Itochu (World Rainforest Report, v.6 n.2, 1990).

 

 

H.B. FULLER CO.

St. Paul MN

Controversy over Fuller's glue being used as a drug in the Third World; and its Kativo lead-based paint (New York Times, Nov. 26, 1995; Business Ethics, July 1995 and Jan-Feb. 1996, p. 5; and Covenant House, West Chesterfield NH).