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But, it is a basic industry with fundamental importance in every sphere of life.
It has an excellent franchise, strong market share in a basic industry and top-flight management," the Oracle of Omaha said in a news release.
Through the exceptional resources hydrocarbons, the country has opted for a basic industry in which the petrochemistry and steel industries are the backbone.
If anybody else of any size was threatening bankruptcy, I think that the government would have to step in, because air travel is such a basic industry that you just can't afford to have more than one major carrier in there before you say 'listen, something needs to be done here.'.
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Health care and technology stocks, particularly semiconductor companies, have had problems in recent weeks, he said, "so we're looking for a few more basic industry businesses".
On this foggy day, it was nice to dine with a man who has a clear vision of basic industry and the basics of life.
But opening up trade shouldn't be an excuse for destroying a basic American industry.
"By the time they were finished interfering, it was like trying to resuscitate the dead, and the whole country had lost an opportunity to create the nucleus of a basic chemical industry".
He said that Cuban officials, including Tomás Benítez Hernández, the vice minister of basic industry, asked him to take a message back to the United States.
A Chartwell executive said the group usually invests in basic industry.
An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding dynamism to the economy and expanding production beyond the traditional textiles and clothing sectors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com