Construction Supplies & Fixtures
IS DONGSEO CO., LTD:To merge with a wholly owned subsidiary, SAM HONG TECH. CO.,LTD, which is engaged in the manufacture and sale of bidet business.Merger effective date of April 1 and registered date of April 4.The company will survive and the subsidiary will be dissolved after the merger.
TOSO CO LTD:To dissolve a subsidiary, which has been engaged in manufacture and sale of curtain rail and roll screen included window related products in France.The subsidiary is 99 pct owned by the company.Liquidation is expected to be completed in June.
Wuhu Conch Profiles and Science Co Ltd:Says revised record date to Dec. 31 from Sep. 30 for a merger between two wholly owned subsidiaries with previous release disclosed on Aug. 20.
Inwido publ AB:Plans additional structural measures in Denmark.Announces the start of negotiations on structural measures that could entail closure of production facility in Holstebro, Denmark.Says reason for measures is continuously increasing competition in industry segment in Denmark, where it is difficult to achieve profitability in operations.
Uponor Oyj:Starts transformation programme in its European segments to accelerate profitable growth.Transformation programme as planned is also targeted at contributing a minimum of 25 million euros in operational savings in consolidated financial accounts by end of 2017.Measures are expected to incur 32 million euros in non-recurring items, of which 13 million euros will be non-cash, to be booked in the 2016 accounts for the most part.Transformation will have a significant impact on personnel numbers Europe-wide.Estimates a maximum reduction of circa 300 full-time jobs in Europe.Decided to begin its own manufacture of building solutions in China in 2016.As for Uponor Infra, plans have been made to consolidate all plastic pipe and chamber manufacturing operations to Nastola, Finland, by end of 2016.Consolidation, mainly affecting Vaasa unit, would mean a reduction of close to 170 full-time jobs, or a net reduction of circa 80 jobs depending on final outcome.
Zhejiang Youpon Integrated Ceiling Co Ltd:Completes cancellation of registration of wholly owned Jiaxing-based subsidiary.Plan disclosed on April 28.
Inwido publ AB:Implements structural measures to improve efficiency and strengthen competitiveness.Says the measures will cost about 100 million Swedish crowns, for which a provision will be made in Q4 of 2015.Says group expects to gradually see annual savings of 50-60 million crowns, with full effect in year 2017.Says the affected units as of Oct. 20 are the production facilities in Bjurtrask, Sweden and Ugerlose, Denmark, as well as the sales organisation in Finland.Says the intention is to move existing volumes to other Inwido sites in each country.The employees will be offered new jobs at the receiving units.
Duratex SA:Says that its board of directors has approved the incorporation of its wholly-owned subsidiary Duratex Comercial Exportadora SA.Merger to be effective once it is approved by the company's shareholders at the meeting on Oct. 30.
Dvarcioniu Keramika AB:Says on September 16 Vilnius Regional Court has decided to initiate restructuring proceeding for AB Dvarcioniu Keramika.