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Europe Daily Bulletin No. 7833

1 November 2000
Contents Publication in full By article 38 / 60
ECONOMIC INTERPENETRATION / (eu) electrical goods

The German group BSH and the Japanese HITACHI will ally in household electrical goods via the creation of a joint venture in which the German will be the majority shareholder with 60% of the capital. Based in Thailand, this company, called BHST WASHING APPLIANCES LTD, and in which will be invested USD 5 million will manufacture washing machines for the Asian market. Its annual production will not exceed 100,000 units as of April 2001.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION