<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <EXCHANGE-RATE> 1 <CASH> 48,178,515 <SECURITIES> 0 <RECEIVABLES> 41,879,738 <ALLOWANCES> 628,256 <INVENTORY> 46,514,870 <CURRENT-ASSETS> 1,087,391 <PP&E> 402,416,147 <DEPRECIATION> 21,970,625 <TOTAL-ASSETS> 542,780,222 <CURRENT-LIABILITIES> 83,581,252 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 478,479 <OTHER-SE> 298,828,049 <TOTAL-LIABILITY-AND-EQUITY> 542,780,222 <SALES> 98,059,315 <TOTAL-REVENUES> 98,973,970 <CGS> 73,910,018 <TOTAL-COSTS> 79,319,908 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,401,115 <INCOME-PRETAX> 17,252,947 <INCOME-TAX> 2,667,989 <INCOME-CONTINUING> 14,584,958 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 14,584,958 <EPS-PRIMARY> .30 <EPS-DILUTED> .30