Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Quebec Wants $2 Million from Electrolux
Dec 23, 2010
 Printable format
 Email this Article
 Search

Quebec has loaned Electrolux CAD$2 million since 2009 and wants the money back now that Electrolux is planning to close the plant near Montreal, according to several web site articles credited to QMI Agency.

Electrolux announced on Dec 15 that it will close the plant in l'Assomption, Quebec, Canada, in 2013. North American cooking appliance manufacturing will be consolidated in a new, $190 million facility, to be constructed in Memphis, TN.

The article said the $2 million loaned to Electrolux by Investment Quebec was intended to be used to upgrade its plants in Quebec. The economic development agency was originally planning to provide Electrolux $4.7 million in total. With the pending closure of the l'Assomption plant, with 1300 employees, Electrolux is not meeting the stipulations of the agreement, according to a spokesperson quoted in the media reports, and the economic development agency said it wants to recover the subsidy.

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows