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Friday, July 11 1997
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Aegis tows in Swedish firm for venture![[Details]](/icons/bullet.gif){kind=icon}
Aegis Chemicals has roped in global speciality chemicals major Prestorp AB of Sweden for a new joint venture. The move is aimed to keep a hold on its 60% share of the pentaerythritol market in the face of rising competition from multinationals.
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BHEL floats 50:50 ventures with Siemens, General Electric
Bharat Heavy Electricals Ltd (BHEL) has joined hands with General Electric (GE) and Siemens to set up two separate joint ventures in India on a 50:50 basis.
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Sony India hopes to break even by 2000
Sony India, subsidiary of the consumer electronics giant Sony Corporation, will bring new products through the year and hopes to break even in three years, its managing director Yoshio Kubo stated yesterday.
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The Group
