Lindeteves-Jacoberg Limited

From Wikipedia, the free encyclopedia

Lindeteves-Jacoberg Limited is a manufucturing company with its main office in Singapore. It is a manufacturer of electric motors and owner of Brook Crompton (UK) and Schorch Germany).

Shares value at 29 December 1999 2.56 Sing Dollar Shares value at 5 August 2005 0.16 Sing Dollar

Moved motor production in 2004 and 2005 of Brook Crompton Motors UK in 2004 mainly to Poland.

Production facilities in Poland (Brook Crompton Motors), Germany (Schorch).

Since October 2006, LJL entered into separate conditonal sale and purchase agreements to sell its equity interest in BCW Electric Motor (Dalian) Corp. LTD.(Brook Crompton Western Electric Works), ("BCW") China to Dalian Motor CO., and An Xiao Dan, an Australian citizen who is a business associate of DM based in Australia.

With this deal, does have LJL the right to purchase motors from the BCW-plant with either Brook Crompton or Western Electric labeled electric motors.

During the years 2004 and 2005 Lindeteves-Jacoberg went in heavely Cash Flow problems and saved by the A-Tec group. Since April/May 2006 A-Tec and ATB will have more then 50% shares of LJ and therefore saved by bankruptcy!

A-TEC INDUSTRIES AG is a Vienna registered privately owned international industrial group with issued capital of EUR 5 million, and has successful electric motor and machine tool manufacturing, plant engineering and metal operations. In the end of 2004 the Group has about 7,200 employees in Austria, Croatia, Czech Republic, France, Great Britain, Germany, Italy, Serbia and Montenegro, Slovakia, Spain, Switzerland, the USA, China and India. Consolidated revenue was about EUR 1 billion in 2004. Total equity of A-TEC group exceeds € 90 million as of December 31, 2004. Part of the A-Tec group is ATB(Austria).