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Electrolux says no plans to shut facilities in India

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Even as the Swedish home appliances major AB Electrolux has said that it has no plans to shut down its three production units in India, there is something brewing at its Indian subsidiary Electrolux Kelvinator Ltd (EKL). The air was rife with speculation that its loss-making Indian subsidiary could face either closure of production facilities or a leveraged buy-out.

e4m Desk May 18, 2005 7:33 AM