Thursday, November 23, 2017

Deal on wheels*

Govt pumps $35m into ‘mag rims’ business...


parliament
 
GOVERNMENT is getting into the “mag rims” (aluminium alloy wheel) business with a $35 million injection into a public-private partnership.  During the Parliament’s Standing Finance Committee session, Opposition MP David Lee yesterday noted an equity injection to Alutech Ltd from $661,000 to some $35 million in 2018 and asked what was the cause of this injection. Energy Minister Franklin Khan said the previous PNM administration had intended to get involved in the aluminium industry. 

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