• Short Summary

    THE ANNOUNCEMENT YESTERDAY (TUESDAY) THAT THE BRITISH FIRM, CHARLES CHURCHILL, HAD BROUGHT THE SMALL BUT HIGHLY SUCCESSFUL GERMAN MACHINE TOOL FIRM, FRORIEP, WAS BEING INTERPRETED IN BRITISH FINANCIAL CIRCLES AS THE FIRST OF A POSSIBLE SERIES OF FURTHER AMALGAMS WITHIN THE INDUSTRY TO ESTABLISH A BRIDGEHEAD ON THE CONTINENT.

  • Description

    1.
    GV EXT. FACTORY
    0.04

    2.
    SLV MAIN ENTRANCE
    0.07

    3.
    GV TOP V. INT. WORKSHOP
    0.11

    4.
    SV MACHINE
    0.14

    5.
    SV MEN HANDLE LOAD ON HOIST
    0.18

    6.
    CV WORKMEN OPERATE MACHINE
    0.20

    7.
    SV DITTO
    0.25

    8.
    GV MAN FITS LOAD TO HOIST
    0.28

    9.
    SV GIANT TURNING MACHINE
    0.32

    10.
    CV DITTO
    0.36

    11.
    SV OPERATOR WATCHES MACHINE
    0.40

    12.
    CV GRINDING MACHINE
    0.42

    13.
    SV DITTO
    0.46

    14.
    SV HORIZONTAL LATHE
    0.49

    15.
    CV DITTO
    0.52

    16.
    GV INT. DRAWING OFFICE
    0.55

    17.
    CV DRAUGHTSMAN WORKS
    0.57

    18.
    GV TOP V. INT. WORKSHOP
    1.00

    19.
    SV MAN STUDIES DRAWING
    1.04

    20.
    SV LATHE
    1.13

    21.
    CV PHOTOGRAPH OF PLANT - HAND POINTS TO FACTORY AREA
    1.23



    Initials GHB/V/AS/SGH



    Script is copyright Reuters Limited. All rights reserved

    Background: THE ANNOUNCEMENT YESTERDAY (TUESDAY) THAT THE BRITISH FIRM, CHARLES CHURCHILL, HAD BROUGHT THE SMALL BUT HIGHLY SUCCESSFUL GERMAN MACHINE TOOL FIRM, FRORIEP, WAS BEING INTERPRETED IN BRITISH FINANCIAL CIRCLES AS THE FIRST OF A POSSIBLE SERIES OF FURTHER AMALGAMS WITHIN THE INDUSTRY TO ESTABLISH A BRIDGEHEAD ON THE CONTINENT. THE MOVE COULD ENCOURAGE OTHER BIG FIRMS TO FOLLOW SUIT.

    FRORIEP WERE ESTABLISHED WORLD-LEADERS IN THE FIELD OF HEAVY MACHINE TOOLS, AND HAD BEEN WORKING IN CLOSE ASSOCIATION WITH CHARLES CHURCHILL FOR SEVERAL YEARS. CHURCHILL HAD BEEN SELLING FRORIEP MACHINES IN THE UNITED KINGDOM TO COMPLEMENT THEIR OWN RANGE OF SOMEWHAT LIGHTER MACHINES.

    AS RESULT OF THE ACQUISITION, MANUFACTURE WILL BE SWITCHED BETWEEN THE TWO COUNTRIES SO THAT FRORIEP'S BORERS WILL BE PARTIALLY MANUFACTURED IN ENGLAND,WHILE SOME CHURCHILL MACHINES WILL BE MADE BY FRORIEP IN GERMANY.

    ONE CONSEQUENCE OF THE MOVE IS THAT CHURCHILL WILL HAVE A MUCH STRONGER POSITION WITHIN GERMANY AND WITHIN THE EUROPEAN ECONOMIC COMMUNITY, WHICH HAS PROVED AN INCREASINGLY DIFFICULT MARKET FOR BRITISH MACHINE TOOL PRODUCERS. BUT BRITISH MACHINE TOOL EXPORTS TO THE COMMON MARKET HAVE DROPPED VERY CONSIDERABLY IN THE PAST TWO YEARS, ALTHOUGH THE FIGURES REFLECT HUGE HOME DEMAND, WHICH HAS BEEN STRETCHING BRITISH PRODUCERS' CAPACITY TO THE LIMIT.

    THE BACKING OF A LOCAL FACTORY WILL GIVE CHURCHILL CONSIDERABLE ADVANTAGES IN ITS MARKETING OPERATIONS WITHIN THE COMMON MARKET, AND IN OTHER PARTS OF THE WORLD.

  • Tags

  • Data

    Film ID:
    VLVA362D9YJK4IL9NNQE6U6B5PENZ
    Media URN:
    VLVA362D9YJK4IL9NNQE6U6B5PENZ
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    14/12/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:23:00
    Time in/Out:
    /
    Canister:
    N/A

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