JEUMONT-SCHNEIDER SETS UP CANADIAN SUBSIDIARY
Jeumont-Schneider, a subsidiary of
Schneider SA <SCHN.PA>, announced in a statement the creation
of a Canadian subsidiary, Jeumont-Schneider of Canada.
    The new subsidiary will work on developing
Jeumont-Schneider's Canadian sales, particularly for its
electro-mechanical and electronics goods.
    The company also said it had signed a distribution
agreement with <Beel Electronics> for sales of the French
group's speed variators in Canada.
 Reuter
