INSTRUMENTATION REVAMP TO FOLLOW `HYBRID' MODEL
Article Abstract:
Instrumentation Ltd, an ailing public sector unit, is being restructured, on a hybrid model, into a holding company, two joint ventures with foreign partners and a subsidiary without privatising operations. The Board for Industrial and Financial Reconstruction has sanctioned a unique rehabilitation plan for the company which involves hiving off its control valves and allied products business and its distributed digital control systems business into two separate joint ventures. Yamatake Honeywell of Japan will hold a 35 percent stake in the control valves venture at Palghat while Max Control System of the US will take a 50 percent stake in the digital control systems venture at Kota. Instrumentation Ltd will function as the holding company at Kota and will produce smart transmitters, analysers, recorders, panels, railway signalling and defence equipment. The company's UPS systems and allied industrial electronics business will be hived off into a subsidiary. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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JBA's results for 1999
Article Abstract:
JBA (Prague, Czech Republic), information technology supplier, increased its turnover by more than 46% to 254.5 mil Kc in 1999 compared to 173.9 mil Kc in 1998. The firm was awarded several important contracts on the supplies of the complex solution of company information systems and connected services in 1999. Global Express (Brno, Czech Republic), Karlovarska korunni kyselka (Straz nad Ohri, Czech Republic) and Trepon (Trebic, Czech Republic) became the firm's consumers, among others. JBA is a part of Geac Computer (Canada).
Publication Name: Technicky Tydenik
Subject: Business, international
ISSN: 0040-1064
Year: 2000
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