The News Review:
- Outsourcing–To America
- Volkswagen sourcing from India
- Tribals fear displacement by ArcelorMittal
- Bloomberg.com: Investment Tools
- Euronext – Van genoteerde ondernemingen > Persberichten
- Two Tata Motors’ officials arrested for gas leak in Jamshedpur
Outsourcing–To America
Forbes – May 29, 2008
where they produce such parts as engines transmissions and wheels. Toyota also has a wholly owned subsidiary Bodine Aluminum an aluminum casting company which operates three factories in Tennessee and Missouri. BMW began operations in the U. in 1994 when it opened a plant in Spartanburg S. “Some natural hedging was always a part of the long-term strategy but also we have a corporate strategy of having production follow the market” says Robert Hitt BMW’s manager of public affairs… In South Carolina alone suppliers of BMW’s Spartanburg plant employ over 14000 people. Toyota uses roughly 500 major suppliers in North America. “We’ve always had the philosophy that we should build vehicles where they are sold so it makes sense to have suppliers close to your manufacturing operations” says Mike Goss external affairs manager for Toyota’s engineering and manufacturing division in North America. Foreign production in the U. however is not limited to the automotive industry. Just look at Cemex (nyse:.
Volkswagen sourcing from India
Economic Times – May 29, 2008
The German auto maker whichhas set up a plant with an investment of euro 580 million where it will rollout a string of small cars goes on stream next year starting with theproduction of SkodaAuto’s Fabia. The plant spans over 230 acres and has acapacity of about 1. “We are open to sourcing for all areas and parts forengines” Thomas Dahlem director manufacturing engineering VW India Pvt Ltdsaid. Mr Dahlem added that thecompany would look at assembling engines in the country… The plant spans over 230 acres and has acapacity of about 1. “We are open to sourcing for all areas and parts forengines” Thomas Dahlem director manufacturing engineering VW India Pvt Ltdsaid. Mr Dahlem added that thecompany would look at assembling engines in the country. The company would notdo any mechanical production but is in talks with suppliers for engine block andcylinder heads. “We are simultaneously looking for global suppliers so that wecan offer them first volumes for our India operations and then for the Pologlobally” he added. As perthe company’s transformed global policy VW in India plans to locate selecteight to ten supplier companies within its premises in an area designated as anIndustrial Park.
Tribals fear displacement by ArcelorMittal
Economic Times – May 29, 2008
Thedemonstrators submitted a memorandum to the staff at the Raj Bhavan gate asGovernor Syed Sibtey Razi was out of the state Barla said. ArcelorMittal is scheduled tocomplete its detailed project report for its proposed 12 mt steel plant byDecember this year and has already finished its survey at Kamdra (Gumladistrict) and Torpa (Khunti district) for its proposed plant. Citing the example ofdisplacement of people during the setting up of Heavy Engineering CorporationBokaro Steel Plant and other public sectors over 40 years the memorandum saidthey were allegedly still to get the compensation. It also warned againstflouting the Chotanagpur Tenancy Act which protects tribal land. getElementById(“storydiv”).
Bloomberg.com: Investment Tools
Bloomberg – May 29, 2008
Following the acquisition of EFC OCI immediately embarked onsynergy-building activities leveraging the location of the plant in AinSokhna by the Red Sea coast in the Suez Industrial DevelopmentCompany's industrial park an OCI majority held concession. Thesynergies will come from various cost-cutting and savings associatedwith the proximity to the Egyptian Basic Industries Corporation's (EBIC) ammonia greenfield which is located a few meters away from theEFC plant. Notore Chemical Industries Ltd (NCIL)in Nigeria expects to complete the rehabilitation of its nitrogenfertilizer plant in southeast Nigeria during Q4 2008. Our commissioningpipeline positions OCI as one of the largest nitrogen producers in theworld. We continue to assess several new investment opportunities inthe sector.
Euronext – Van genoteerde ondernemingen > Persberichten
euronext.com – May 29, 2008
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Two Tata Motors’ officials arrested for gas leak in Jamshedpur
Economic Times – May 29, 2008
Deputy General Manager of TataMotors (Safety) Samir Kumar Ghatak and Water Treatment Plant Chief B K Sarkarwere arrested on charges of negligence on Wednesday night Superintendent ofPolice Navin Kumar Singh said. The First Information Report(FIR) was registered under Telco police station against ten officials includingGhatak and Sarkar under section 308 338 337 278 and 284 Indian Penal Code(IPC). After the leakage onTuesday afternoon altogether 180 persons with breathing problems were admittedin hospital. Meanwhile the GeneralManager of Telco hospital M Roy said all patients barring two had beendischarged yesterday.