Nippon Deal 'to Benefit' of Pilks

New CBI chief Richard Lambert says St Helens glass maker Pilkington can only benefit from its takeover by Japan's Nippon Sheet Glass.

He added that foreign investment in UK companies should be welcomed.Former Financial Times editor Mr Lambert, 62, was on a fact-finding tour of Merseyside yesterday in his third week since taking the reins of the bosses' organisation from former director general, Sir Digby Jones.He canvassed the views of 25 key business leaders at an informal dinner in Liverpool's Crowne Plaza hotel on Tuesday evening and yesterday visited Pilkington and Ellesmere Port chemical giant Innospec, formerly Octel, now American owned.Nippon bought Pilkington in a £2.2bn deal last month, but Mr Lambert said UK companies should not fear foreign investment.Read the entire news on the source link below.New CBI chief Richard Lambert says St Helens glass maker Pilkington can only benefit from its takeover by Japan's Nippon Sheet Glass.

He added that foreign investment in UK companies should be welcomed.

Former Financial Times editor Mr Lambert, 62, was on a fact-finding tour of Merseyside yesterday in his third week since taking the reins of the bosses' organisation from former director general, Sir Digby Jones.

He canvassed the views of 25 key business leaders at an informal dinner in Liverpool's Crowne Plaza hotel on Tuesday evening and yesterday visited Pilkington and Ellesmere Port chemical giant Innospec, formerly Octel, now American owned.

Nippon bought Pilkington in a £2.2bn deal last month, but Mr Lambert said UK companies should not fear foreign investment.

Read the entire news on the source link below.

600450 Nippon Deal 'to Benefit' of Pilks glassonweb.com
Date: 24 July 2006
Source: Icnetwork.co.uk

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