ROYAL PHILIPS TO PULL OUT FROM NON-CERAMIC BUSINESS

Article Abstract:

Royal Philips Electronics (RPE) of Netherlands is to quit the non-ceramic passive components business. It will be selling this business to Compass Partners International. The non- ceramic passive components division of Philips India (PI) is known as Components Business Group. This division is at Lone in Pune. It accounted for 5 percent of PI's sales in 1997. This division employs around 700 people. (ag)

Comment:

Will sell non-ceramic passive components div of Philips India to Compass Partners Intnl as it is quitting the said business

Semiconductor and Related Device Manufacturing, Passive Devices, Koninklijke Philips Electronics N.V., Passive devices (Computers), Article, Philips India Ltd.

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RAYMOND PUTS STEEL ON THE BLOCK

Article Abstract:

Raymond Limited plans to sell its loss making steel division. It plans to focus on core areas of steel files and textiles. It has set up a Rs500 crore cold rolled steel strips project at Nasik. The unit posted sales of Rs105 crore during the first half of 1998-99. (vv)

Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Raymond Ltd.

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