France's SCHNEIDER ELECTRIC has created a 50-50 joint venture with Australia's CLIPSAL INDUSTRIES. Known as CLIPSAL ASIA HOLDINGS LIMITED, it will manufacture and sell electrical terminal equipment in Asia. SCHNEIDER is also buying (for EUR 450 million) the electrical terminal business of GERARD INDUSTRIES, which along with CLIPSAL INDUSTRIES, is part of CLIPSAL INDUSTRIES HOLDINGS. SCHNEIDER ELECTRIC's current turnover in the Pacific Rim totals EUR 1.2 bn or 12% of its global turnover. The...