Shell has sold Stanlow refinery to Essar and Indian Co for £250m - about half of what Shell wanted.
Essar says no redundamcies and it wants to up production from 75% to 100% capacity - that would be easy if they knocked 10 p off a litre!
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they could a free litre away with every takeout curry?
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Been trying to sell Stanlow for two or more years - presumably not enough profit in refining?
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would be funny if they dismantled it and took it home
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I am not sure if it is a major deal with reallty, the Indians already own most of our steal industry and much of our car industry.
Very ironic really.
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And our government still gives them billions in aid!!!!!
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Well it is like China, massive population = massive econemy. It dosn't mean the normal people living there share any of that though :(.
No doubt there are some extremely poor people living in India and the aid is supposed help them, not the Indian government.
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>
>> No doubt there are some extremely poor people living in India and the aid is
>> supposed help them, not the Indian government.
>>
>>
>>
Of course it is Rattle, but every quid we send there is a quid less they've got to spend on their own problems. And we're not talking about the contents of an Oxfam collecting tin, we're talking about billions of pounds which could be better spent on sorting out our own economy.
Add to that the millions of pounds of government grants we've thrown to them to set businesses up which promptly move overseas when it suits them.
Post-colonial guilt trip, that's all it is.
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>>
>> Add to that the millions of pounds of government grants we've thrown to them to
>> set businesses up which promptly move overseas when it suits them.
>>
>> Post-colonial guilt trip, that's all it is.
>>
Which companies are these?
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>>
>> Which companies are these?
>>
Not specifically Indian ones, I'll grant you, but any number up in the Welsh valleys who were paid squillions of pounds to come here and set up, given tax breaks etc, and then moved production to central Europe and the Far East.
Most are Oriental or Asian in origin.
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...Most are Oriental or Asian in origin...
We had Samsung up here.
They bailed out when the grants ran out.
Think they had to pay some back in the end.
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>>Which companies are these?
Fujitsu? Rover?
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>> >>Which companies are these?
>>
>> Fujitsu? Rover?
>>
I think quite a few of the semiconductor companies joined in that 'game'.
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Government aid is about keeping rich companies rich and the poor poor the moment it used for making the poor rich the status quo is broken and that wouldn't do.
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>..the Indians already own most of our steal industry >>
So that's the reason for all those scam telephone calls...:-))
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...already own most of our steal industry...
Did they pay for it, or did they steel it?
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>> ............ the Indians already
>> own most of our steal industry .............
It was a steal at the price they paid for it.
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I think these grants to business should only ever been given if a new law could be passed to make them stay in the UK for x amount of years.
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Hyundai had a big wad of our cash and a load of infrastructure installed to build one of the biggest semi-conductor production plants in the country. It never opened and is soon to be demolished.
www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-11673919
Last edited by: Old Navy on Sat 19 Feb 11 at 19:16
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>>Hyundai had a big wad of our cash and a load of infrastructure installed >>to build one of the biggest semi-conductor production plants in the >>country. It never opened and is soon to be demolished.
£3,000,000,000 and 13 years wasted by the TPTB, but make sure you recycle your envelopes because TPTB say so.
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>> I am not sure if it is a major deal with reallty, the Indians already
>> own most of our STEAL industry and much of our car industry.
>>
Exactly.
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The litre of Stanlow fuel will mix with the half litre of Chinese fuel coming out of Grangemouth later in the year.... We wait to see what the Chinese / Indians think they can get out of these ageing refineries, or what strategic advantge owing them brings.
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or what strategic advantge owing
>> them brings.
>>
The ability to close and dismantle them; simple as that.
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Sounds pretty costly to me, buy something take apart then ship it all the way around the worls. A refinery is an enormus piece of kit. I would have thought it cheaper to build from new in china.
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>> I am not sure if it is a major deal with reallty, the Indians already own
>>
For many years, we "owned" an Empire and we owned all their assets and plundered them.
Since the demise of the empire, we have welcomed American, European and Japanese to set up factories here. On the other hand, our companies such as BP and Vodafone invest abroad.
Now increasingly the investors are Arabs, Russians, Indians and Chinese. So what is the problem?
As for aid going to India (and until last year to China), the aid acts as a "bribe" to those countries to trade with us, and encourages them to buy stuff from us. We need them more than they need us.
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