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En qu te de croissance, Melexis vise une acquisition/

Article Abstract:

Melexis might invest up to US$ 100mn into an acquisition in 1999, with Japan as a privileged target as the group aims to reach US$ 5mn in sales by the year 2002 in this market worth 11-12mn cars produced a year. The Belgian semiconductors maker, specializing in the automotive industry, would like to perform so well in Japan as it did in the US. In addition to a contribution of US$ 2.5mn out of a total result of US$ 15mn in the first half of 1998, the acquisition of MikroChips in 1997 supplied Melexis with a staff with very high sales skills. The company expects a 60% increase in sales in 1998. The loss of the tax exemption status in the end of 1999 (which the company might face through relocating a number of activities in other countries) should impact the net profit in the year 2000, which should be similar to the 1999 performance according to Melexis.

Comment:

May invest up to $100 mil into acquisition in 1999, with Japan as privileged target as co aims to reach sales of $5 mil by 2002

Publisher: L'Echo
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
Automotive Electronics, Other Motor Vehicle Electrical and Electronic Equipment Manufacturing, Melexis

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Le chocolatier Ferrero (re) construit ses halls de stockage Arlon

Article Abstract:

Ferrero, the Italian chocolate company has invested BFr 400mn in its production unit at Arlon in Belgium, which makes a turnover of BFr 8bn, and which exports 95% of its output. This money will be used to rebuild the storage unit which was destroyed by a fire in October 1994, and for the construction of a palletisation building. These two buildings will be entirely automated, and therefore will not result in the creation of new jobs.

Comment:

Invests BF400 mil in its prodn unit at Arlon, Belgium, which makes turnover of BFr8 bil, & which exports 95% of its output

Publisher: L'Echo
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
Chocolate & Choc-Type Confections, Chocolate and Confectionery Manufacturing from Cacao Beans, Chocolate candies, Ferrero S.p.A.

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Subjects list: Belgium, Article
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