Pallonji Mistry makes open offer for 20% in FAL

Construction baron Shapoorji Pallonji is consolidating his interests in the Forbes Gokak group. The Shapoorji Pallonji group has made an open offer to the shareholders of FAL Industries, the outsourcing arm for Eureka Forbes.

But will it all come out in the wash?

This is an extract from a consumer affairs piece in The Gaurdian this morning, the rest of the article is not industry related but this is and I’m sure we could all relate to the tales at some point or other.

Hoover shifts production to China

Hoover, the Italian-owned domestic appliance maker, said yesterday it is to cease manufacturing of vacuum cleaners at its Cambuslang plant in Glasgow with the loss of more than 260 jobs.