Now a raft of Indian companies such as GHCL, formerly Gujarat Heavy Chemicals Ltd.

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While globalization creates many more winners than losers, GHCL's global sourcing meant shutting down Dan River's mills and forcing hundreds out of work.

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"All those tall buildings in Manhattan with glass exteriors and windows use soda ash, " says Nikhil Sen, GHCL's senior finance and strategy manager.

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Meantime the Romanian deals give GHCL access not only to fast-growing Eastern Europe but also to the European Union once Romania joins, as expected, on Jan. 1.

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