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                    [ArticleID] => 163073
                    [Title] => Ionics shuts down US subsidiary
                    [Summary] => Ionics Inc., one of the leading publicly-listed technology firms at the Philippine Stock Exchange, will close down its US-based subsidiary "due to uncertain economic conditions in the industry and to stop continuing losses."


In a disclosure to the PSE, Ionics corporate secretary Manuel R. Roxas said the company’s board has decided to shut down the operations of Ionics USA Inc. and continue efforts to sell the company and/or its assets.


                    [DatePublished] => 2002-06-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
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IONICS V

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                    [ArticleID] => 163073
                    [Title] => Ionics shuts down US subsidiary
                    [Summary] => Ionics Inc., one of the leading publicly-listed technology firms at the Philippine Stock Exchange, will close down its US-based subsidiary "due to uncertain economic conditions in the industry and to stop continuing losses."


In a disclosure to the PSE, Ionics corporate secretary Manuel R. Roxas said the company’s board has decided to shut down the operations of Ionics USA Inc. and continue efforts to sell the company and/or its assets.


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abtest

Ionics shuts down US subsidiary

June 2, 2002 - 12:00am

Ionics Inc., one of the leading publicly-listed technology firms at the Philippine Stock Exchange, will close down its US-based subsidiary "due to uncertain economic conditions in the industry and to stop continuing...

Business