Metso Oyj : Says to consolidate its US Pennsylvania locations to one facility at York . Consolidates minerals capital (MCA) and minerals services (MSE) business activities in Pennsylvania to current York office location and closing Danville and Canonsburg sites . Office consolidation is expected to be completed by end of Q2 2017 .Most of about 175 employees working at locations to be closed have been offered opportunity to relocate to York, PA.
Hirata Corp <6258.T>: Says it to buy remaining 4,900 shares of unit KOYA that engaged in electronic device related business, for about 63 million yen on Sep. 14 . Says it to hold 100 percent stake in the unit up from 50.5 percent .Says it to merge KOYA on Nov. 1 and KOYA to be dissolved after merger.
Nikkei: DMG Mori plans to close two factories -- one in Shanghai and one in Switzerland -- by the end of this month - Nikkei . DMG Mori expects to improve its annual earnings to the tune of 3 bln yen to 4 bln yen through reorganization - Nikkei . Also plans to consolidate production to other plants in China and Europe - Nikkei .
Chengdu Huaqi Houpu Holding Co Ltd <300471.SZ>:Says it completes dissolution of Tianjin-based gas equipment unit.
Nanjing Baose Co Ltd <300402.SZ> :Says it halts assets restructuring plan, shares to resume trade on Sept 1.
Ushio Inc <6925.T> :Says it plans to split its UV-LED device development business to its wholly owned optics semiconductor unit, effective Oct. 1.
Sumitomo Heavy Industries Ltd <6302.T>: Says its unit Sumitomo Heavy Industries Environment Co.,Ltd will undertake the merger with Sumiju Environmental Engineering,Co.Ltd. on April 1, 2017 .Says Sumiju Environmental Engineering,Co.Ltd. will be dissolved after the merger.
Santak Holdings Ltd : Initiated an ongoing business restructuring plan . Plan may involve, inter alia, the restructuring and/or disposal of the assets and/or business of its China operation, which was loss making. . Board will also review and restructure its Singapore operations, inter alia, improving its capabilities and business . Has commenced negotiation with third-parties for the potential disposal of certain assets and/or business of its China operation . Board will also review and restructure its Singapore operations, inter alia, improving its capabilities and business. . As at date of announcement co is still negotiating and finalizing terms with potential buyer and no definitive agreement have been entered into .
Finnair Oyj : Starts to plan 20 million euro ($22.5 million) cost-efficiency programme . Expects to finalise plans on main areas of cost-efficiency programme during next few months . Sustainable improvement in profitability is a prerequisite for Finnair's accelerated growth strategy announced in spring 2016 .Target is to achieve permanent savings through various efficiency-improvement measures, amounting to 20 million euros annually by end of June 2017.
Zhengzhou GL Tech Co Ltd <300480.SZ>:Says it to dissolve its Xuzhou-based mining technology subsidiary.