United States

Industrial Conglomerates

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Mitsubishi Heavy Industries to transfer injection molding machines business to unit

Tuesday, 23 Aug 2016 12:31am EDT

Mitsubishi Heavy Industries Ltd <7011.T> : Says it plans to transfer its injection molding machines related business to its wholly owned unit Mitsubishi Heavy Industries Plastic Technology Co Ltd .Says effective date on Jan. 1, 2017.

Mitsubishi Heavy Industries to transfer aircraft engine business to unit

Thursday, 4 Aug 2016 01:26am EDT

Mitsubishi Heavy Industries Ltd <7011.T>: Says it to transfer its defense aircraft engine and related business to its unit Mitsubishi Heavy Industries Aero Engines, Ltd. .Says transaction planned effective on April 1, 2017.

GE releases details of plans for new Boston headquarters campus

Monday, 1 Aug 2016 10:29am EDT

General Electric Co : GE details plans for new Boston headquarters campus . First phase of construction includes "preservation and rehabilitation" of existing brick buildings, to begin in 4th quarter of 2016 .Second phase of construction will begin in 1st quarter of 2017 with occupancy of new building anticipated later in 2018.

Toshiba America announces relocation of hydro business unit to Charlotte NC

Monday, 1 Aug 2016 08:20am EDT

Toshiba Corp <6502.T> :Toshiba America Energy Systems Corp announces relocation of hydro business unit to Charlotte, NC from Littleton, Co, effective Aug. 1.

DOOSAN unit Clark Equipment to merge with Doosan Infracore International

Friday, 10 Jun 2016 03:46am EDT

DOOSAN CO.,LTD <000150.KS> : Says its sub-unit Clark Equipment Co. will merge with unit Doosan Infracore International, Inc. . Says merge ratio is 1:1 . Says merger effective date of June 30 .Says Clark Equipment will survive and Doosan Infracore International will be disoolved after the merger.

Grupo Kuo buys 34 pct stake in pork food factory

Tuesday, 7 Jun 2016 09:34am EDT

Group Kuo : Said on Monday buys from its partner Cargill a 34 percent stake in food factory that was part of supply chain for Kuo's pork business .Plant is located in Yucatan and has a capacity of 480,000 tonnes annually.

Mitsubishi Heavy Industries to transfer engine & turbocharger business to unit

Tuesday, 17 May 2016 12:45am EDT

Mitsubishi Heavy Industries Ltd <7011.T> : Says it will transfer its engine & turbocharger business to Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a wholly owned subsidiary .Says MHI takes the formal decision to conclude an absorption-type company split agreement with MHIET enabling the business transfer.

Toshiba announces result of early-retirement program

Friday, 15 Apr 2016 04:00am EDT

Toshiba Corp:Says totaling 3,449 employees took up the offer of the early-retirement program.Effective date of retirement is March 31.A premium will be added to the normal retirement allowance of eligible applicants.Says eligible applicants will also have the option to receive job-placement assistance.

Orkla to close at least one factory in Norway

Tuesday, 29 Mar 2016 09:00am EDT

Orkla ASA:Says is to close at least one factory in Norway.The Gimsøy Kloster factory at Skien will be closed down, and all beverage production will be moved to Kumla, Sweden.The Board has also made a decision regarding the intention to change the company's manufacturing structure at Rygge.At present, Orkla Foods Norge has two factories at Rygge in Østfold county.The proposal entails moving most of the ketchup, mustard and dressing manufacturing operations to Orkla's factory at Fågelmara, Sweden.Orkla Foods Norge wishes to continue to produce Nora vegetables at Rygge, concentrate its operations at one location and build up a logistics centre.A total of around 80 persons are currently employed at the two Rygge factories.If the intended changes are adopted, the plan is to gradually wind down production of ketchup, mustard and dressings at Rygge by the autumn of 2017.The intention is to relocate production of vegetables internally at Rygge in the spring of 2018.

Mitsubishi Heavy Industries to transfer compressor business to unit

Tuesday, 23 Feb 2016 11:30pm EST

Mitsubishi Heavy Industries Ltd:Signs agreement to transfer compressor business in Hiroshima area owned by the co to its Hiroshima-based wholly owned unit effective on April 1.


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