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smokestack  (smokestacks plural )A smokestack is a very tall chimney that carries smoke away from a factory.  n-count 
(=chimney) 
smokestack industry   (smokestack industries plural )A smokestack industry is a traditional industry such as heavy engineering or manufacturing, rather than a modern industry such as electronics.  n-count 
There has been a shift from smokestack industries into high-tech ones.