Electrolux officials say they’re still leaving Greenville despite a defeat in Mexico.
A Mexican judge ruled that the company has to return land near Juarez to 200 peasants.
That land was going to be the site of Electrolux’s new factory.
Company officials tell 24 Hour News 8 despite the defeat, their Mexican plans remain on track, and will leave Greenville in November of next year.
From Wood TV
STOCKHOLM, Sweden, Aug. 5, 2003 (PRIMEZONE) — Electrolux (Nasdaq:ELUX) has signed an agreement to sell its shares in the Danish company Vestfrost A/S to the Esbjerg Group in Denmark. The Esbjerg Group will thereby increase its shareholding in Vestfrost from 50% to 100%.
The outsourcing story is getting stronger. Electrolux AB says it will outsource components worth Rs 1,000 crore (Rs 10 billion) from India over three years. This includes piston rings, metal fabrications and cold rolled steel. The components will be used by the company’s outdoor division, which m…
Electrolux is still interested in buying Daewoo according to reports today, should the takeover of the bankrupt South Korean appliance maker by an Iranian rival fall through, Chief Executive Officer Keith McLoughlin said. Creditors of Daewoo last year agreed to an offer from Entekhab Industrial G…