December 23, 2008 - Modern Distribution Management

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December 23, 2008

ERIKS Group to Divest Part of French Operations

Dutch holding company ERIKS group has agreed to sell Baudoux Industrie sas to MB Industrie, based in Bourg-en-Bresse, France. Baudoux markets and sells a range of mechanical engineering components in the power transmission and tools markets.
The divested activities have not contributed to the group's operational results for the last two years. ERIKS realized a book loss for the sale, which was included in this year's results. ...

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A Few Bright Spots in Economic Picture

Optimism is a rare thing in today's economy. Companies around the world are shuttering plants or cutting production to combat the recession that began in the U.S. and has since spread to other countries and continents. But according to the results of McKinsey Quarterly's Economic Conditions Snapshot, December 2008, there are a few bright spots out there.
About 27% of companies responding to the survey are considering positive strategic moves, like introducing new products or expanding markets, in the coming months. About 13% are planning to do so without implementing any defensive measures, such as cutting capital spending.
And smaller and private companies appear to be doing better than their large and public counterparts. Executives of 62% of the small or ...

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