RAP: it's a steal

Article Abstract:

RAP is a UK distributor of safety products and industrial equipment which acquired Welpac, a screws and fasteners concern, in summer 1995. The company aims to reduce costs by up to 2 million pounds sterling, but interest payments and other costs will arise from the Welpac acquisition, affecting the company's 1995 profit. Williams de Broe forecasts a profit of some 1.73 million pounds sterling for 1995, but this could rise to 3 million pounds for 1996 if Welpac performs well.

Industrial Machinery Whsle, Industrial Machinery and Equipment Wholesalers, Surgical Appliance and Supplies Manufacturing, Protective Clothing, Management, Machinery wholesalers, Safety equipment and supplies industry, Safety equipment industry, Rap Inc.

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BASF plans Asian growth

Article Abstract:

BASF is increasing investment in India, China and south east Asia due to the region's strong potential for growth rather than the low cost of labor. Investment is being increased to 30 billion German marks over five years with 7.5 billion marks going to these countries. The company invested 23 billion marks of which 5% went to Asia-Pacific in the previous five years. BASF is aiming for 20% of the group's turnover to come from Asia by 2010.

Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Investments, Chemicals, BASF AG, Chemical industry

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