JAPAN'S SUMITOMO ELECTRIC TO CUT CAPITAL SPENDING BY 15%.
Publication: AsiaPulse News
Publication Date: 29-OCT-01
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TOKYO, Oct 29 Asia Pulse - Sumitomo Electric Industries Ltd. (TSE:5802) announced that it will reduce consolidated fiscal 2001 capital spending from the 100 billion yen (US$815.33 million) figure set earlier in the year to 85 billion yen.
The 15 per cent reduction is aimed at dealing with serious...
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