<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 4,461 <SECURITIES> 46,837 <RECEIVABLES> 3,274 <ALLOWANCES> 0 <INVENTORY> 17,690 <CURRENT-ASSETS> 74,340 <PP&E> 200,028 <DEPRECIATION> 39,079 <TOTAL-ASSETS> 238,564 <CURRENT-LIABILITIES> 11,424 <BONDS> 1,600 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 201 <OTHER-SE> 145,413 <TOTAL-LIABILITY-AND-EQUITY> 238,564 <SALES> 25,683 <TOTAL-REVENUES> 25,683 <CGS> 22,591 <TOTAL-COSTS> 27,001 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 557 <INCOME-PRETAX> (1,049) <INCOME-TAX> 404 <INCOME-CONTINUING> (645) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 13,861 <NET-INCOME> 13,216 <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)