31.   After being privatized, it bought companies that produced locomotives, heavy trucks and sugar mills, and built a factory to make aluminum cans.

32.   Advocates of the provision say it would encourage companies to buy new computers and telecommunications equipment, build new factories and invest in cost-saving machinery and software.

33.   Alone among the big automakers, Ford has avoided building new factories.

34.   Build a factory on campus.

35.   But once new factories were built, many were forced to run below capacity.

36.   But they did not require the trained work force needed by companies like Lucent Technologies, which decided to build a factory elsewhere.

37.   By then robots should be skilled enough to design and build automated factories that manufacture improved versions of themselves, he predicted.

38.   Caterpillar, Gillette, Philip Morris and BMW, for example, have built new factories.

39.   Companies ranging from Ford Motor Co. and Intel Corp. to BellSouth Corp. have announced plans to build additional factories, open offices or buy state-controlled assets.

40.   Corporate managers came to value sales growth over profitability, adding employees and building factories in expectation of limitless demand.