Contracting it out

On the face of it, the huge spread of contract manufacturing is one of the best things to happen to India’s corporate sector in recent times. A cover story published in The Strategist section of this newspaper yesterday shows how contract manufacturing helps companies such as Hindustan Lever and …

Prosecutor in Ill. Hopes to Sue Maytag

A prosecutor in the economically battered western Illinois town where Maytag Corp. plans to close a major factory is hoping to sue the company to recoup property tax breaks. Knox County State’s Attorney Paul Mangieri is seeking municipalities’ permission to sue Maytag, alleging the nation’s third…

Survey finds Chinese savvier consumers

Samsung Corp., Procter & Gamble Co. and Colgate-Palmolive Co. are gaining popularity in China, while Sega Corp., Nintendo Co. Ltd. and Daewoo Corp. are losing ground, according to a survey by advertising company Euro RSCG.

Maytag’s Stroke of Genius

According to an Associated Press wire article in the Washington Times Saturday, appliance maker Maytag (NYSE: MYG) has hit upon a new strategy for reassuring customers and driving sales. Or rather, a new variation on a very old strategy: “Try before you buy.”

States attorney says he plans to sue Maytag

The Knox County state’s attorney says he plans to file a lawsuit against the Maytag Corporation. Paul Mangieri says Maytag owes more than one million dollars in real estate property taxes for its plant in Galesburg, which is about 50 miles northwest of Peoria. Maytag officials did not return call…

Beltek Forays Into White Goods Segment

Beltek India is spreading its wings with a foray into the white goods segment. Following its tie-up with Maharaja Appliances, which has taken a 50 per cent stake in the company, Beltek will invest Rs 20 crore in putting into place its initial expansion plans.

Foreign Household Appliance Companies Assault Local Market

Foreign household appliance companies like U.S. firm Carrier, Japan’s JVC and Sweden’s Electrolux Korea are accelerating their assault into the local market in the face of the sluggish economy. Coming out of devotion to household appliances, they recently began to assault schools, public agencies…