IMI's restructure bears fruit

Lee, Andrew
March 2004
Engineer (00137758);3/19/2004, Vol. 293 Issue 7647, p19
IMI PLC, the engineering group of Birmingham, Great Britain wants to further boost its presence in the fast-growing industrial economies of China and Eastern Europe after its restructuring phase, which is more or less complete. The three year flurry of activity has left the company unrecognizable from the IMI of the late 1990s, when it had a widely scattered range of activities, including construction and copper fittings. The group whose activities span pneumatics, severe service valves and merchandising systems, including drinks dispensers, is also looking to buy more businesses after spending � 62 million on acquisition last year.


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