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Havells Sylvania to shut its doors and sell to Chinese?
Posted: Sat Dec 12, 2015 9:12 pm
by Danny
Re: Havells Sylvania to shut its doors and sell to Chinese?
Posted: Mon Feb 01, 2016 9:12 pm
by amtrakuk
Sadly the Chinese have so much cash laying around it only makes commercial scene to buy the opposition out.
Re: Havells Sylvania to shut its doors and sell to Chinese?
Posted: Tue Feb 02, 2016 12:28 am
by Kev
Does this mean that SLI German will shut?
Re: Havells Sylvania to shut its doors and sell to Chinese?
Posted: Tue Feb 02, 2016 9:55 am
by FrontSideBus
Hopefully there will be some clause in the contract of sale that prevents the existing factories from being shut down for a set amount of time to protect the workers ect.
Re: Havells Sylvania to shut its doors and sell to Chinese?
Posted: Sat Feb 20, 2016 2:44 pm
by James
I hope not! But you never know. Unlike most Chinese though, they seem rather more committed to not only keeping, but further expanding local manufacturing for each global region. In Europe it's already been announced to invest in local production with the opening of a vast new LED Luminaires factory of 60,000 sq.m. Building is about to start directly beside the TGV station in Meuse, north of France. Beside the factory will be an 18-floor tower for the laboratories, offices and lighting showrooms. Costing €100 million, it has been a few decades since any of the main lighting companies made such vast investment in new European facilities.