The move will create 1,500 new jobs and expand output by 26 percent at the two plants.
The other oil producers, however, are not rushing to expand output.
The economy has grown - expanding its output of goods and services - every year but one since 1990.
But the reason for investing in these tools of production is to cut costs rather than expand output.
We are looking to Mike to help us expand our yearly output.
"Without that building, it would have been imprudent for us to put in a new paper machine and expand our output."
At the same time, other companies devoted exclusively to organic products are expanding their output.
This led investors to put their money in projects that would expand economic output, not minimize taxes.
Promec would further expand its output to 4.5 hours a week after the bidding cycle of 1981.
With many firms, the firm that expands output will always be able to reduce costs and undercut its rivals.