Samsung abandons 450m pounds sterling microchip investment in the North-east
Article Abstract:
Electronics concern Samsung is one of a number of South Korean companies being forced to review foreign investments in the light of the serious financial crisis in South Korea. It has decided to postpone indefinitely a facility manufacturing personal computers, semiconductors and fax machines at its plant at Wynyard Park, England. This scheme would have represented investment of $1.4 billion and employed 2,000 people. Theoretically, the project may be revived if the South Korean economy improves and semiconductor prices rise.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Northern Electric sparks 650m pounds sterling US bid
Article Abstract:
CE Electric, a UK-based energy group formed by US power generator CalEnergy, which does not have a very high profile, has made an unexpected 651 million pounds sterling hostile takeover bid for Northern Electric, which was not regarded as a likely takeover target by City analysts. It has been revealed that CE has already invested 81 million pounds sterling to take a 12.72% stake in Northern, which has seen a sharp rise in its share price. There has also been a rise in the shares of other regional electricity companies.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Germany's journey to health. Something rotten in the powerhouse. Berlin's public battle scars
- Abstracts: Missing: 7bn pounds sterling of our taxes. Gurus agree to differ on the risk of a Wall Street crash. Why the South must develop trade closer to home
- Abstracts: British Gas sues government for 1bn pounds sterling. Gas prices row set to end in MMC referral. Littlechild slashes 1bn pounds sterling from Grid revenues
- Abstracts: The social background. The development scene
- Abstracts: Cancer combat. The tragic lessons of the Holocaust. Sadness, siege and suspicion, but no relief