Forest / Wood Products
Bergs Timber publ AB to Improve Efficiency and Profitability; Changes Include Staff Reduction
Bergs Timber publ AB announced that the Company has decided to improve its efficiency and profitability. In order to achieve this goal, the Company will concentrate sawing of normal size timber in its facility in Orrefors. As for Morlunda facility, the mill will focus on sawing of timber of small size, while the line for normal timber will be closed. Additionally, the Company intends to invest in a new, more efficient sawing line for the small logs. Apart from that, Bergs Timber has decided to rebuild the part of Bitus facility that was destroyed by fire in 2012 and plans a new major line there. The changes also include staff reduction, which is expected to affect 15 employees. Negotiations will begin immediately.
Yunnan Green-Land Biological Technology Co Ltd to Dissolve Subsidiary
Yunnan Green-Land Biological Technology Co Ltd announced that it has decided to dissolve a Shenzhen-based technology development subsidiary.
Eksons Corporation Berhad Announces Discontinuance Of Winding-up Petition
Eksons Corporation Berhad announced that Oval Rock Sdn Bhd, a wholly owned subsidiary of Vibrant Hub Sdn. Bhd., which is in turn a 60% owned subsidiary of the Company, had on February 22, 2013, received a notification that the winding-up petition presented against Azam Hartamas Sdn. Bhd. vide Kuala Lumpur High Court Petition No. 28NCC-1053-12/2012 has been discontinued.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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