Environmental Services & Equipment

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Lassila & Tikanoja Oyj Updates on 2013-2016 Reorganization Strategy

Friday, 7 Sep 2012 01:00am EDT

Lassila & Tikanoja Oyj (L&T) announced that it is renewing the Company strategy for 2013-2016. L&T will reorganize its business divisions and reporting segments to support the shift in core business focus and priorities. As of January 1, 2013, L&T’s reporting segments will be: Environmental Services division consisting of the waste management and recycling business; Industrial Services division covering solutions for industrial material flows and their utilization, industrial process cleaning solutions, collection and disposal of hazardous waste, and sewer system maintenance and repair solutions (these services are currently included in the Environmental Services division), as well as Facility Services division consisting of the current Cleaning and Office Support Services and Property Maintenance divisions. Renewable Energy Sources (L&T Biowatti) will no longer be included in L&T's core business portfolio. Profitability improvement will now be the main priority in this segment. For the strategy period 2013-2016, L&T’s priorities include organic growth in core businesses, and profitability and ROI improvement. L&T’s new financial targets are: organic growth of more than 5% a year, operating profit of 9%, Return on Investment (ROI) of 20% and gearing of between 30% and 80%.

United Envirotech Ltd Announces Liquidation Of Dormant Subsidiary

Thursday, 16 Aug 2012 05:21am EDT

United Envirotech Ltd announced that it is liquidating its dormant subsidiary, Novo Envirotech (Neijiang) Co. Ltd., a company incorporated in China.


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