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Fiskars aims to transfer Helsinki ceramics product manufacturing outside Finland

Wednesday, 9 Sep 2015 02:00am EDT

Fiskars Oyj Abp:Plans changes in the ceramics production in Finland - continues investments in brands, design and product development.Says these plans are a part of the Supply Chain 2017 restructuring program.Plans to transfer ceramics product manufacturing from Helsinki ceramics factory to a partner network outside Finland during 2016.Employee consultations with Helsinki ceramics factory employees will commence on Sept. 16 covering altogether 130 employees at factory.Possible permanent reduction of employees is estimated to affect entire personnel in Helsinki ceramics factory.

Fiskars Oyj Abp continues supply chain optimization with restructuring program

Wednesday, 9 Sep 2015 01:00am EDT

Fiskars Oyj Abp:Continues the optimization of its supply chain with a restructuring program.To optimize its global supply chain network in Europe and Asia.Total costs of planned program are about 20 million euros ($22.33 million) in 2015-2017, which are planned to be recorded as non-recurring charges.Planned Supply Chain 2017-program aims to improve competitiveness of Fiskars manufacturing operations and distribution network.Targeted annual cost savings are about 8 million euros.Cost savings to be achieved gradually with majority of the savings to materialize in the Group's results after the program is completed, which is estimated to be by the end of 2017.Planned measures will be negotiated and communicated locally in each country when they become more concrete.

Guangdong Songfa Ceramics to dissolve Jiangxi-based subsidiary

Tuesday, 18 Aug 2015 08:00pm EDT

Guangdong Songfa Ceramics Co Ltd:To dissolve Jiangxi-based 70-pct-owned ceramic subsidiary.

Grand Hall Enterprise updates record date of water heater section transfer

Thursday, 30 Jul 2015 05:02am EDT

Grand Hall Enterprise Co Ltd:To transfer water heater section to a wholly owned subsidiary.Transfer record date Aug. 1.

Janome Sewing Machine announces merger between subsidiaries

Thursday, 30 Jul 2015 02:00am EDT

Janome Sewing Machine Co Ltd:Says its Yamanashi-based wholly owned subsidiary to merge with its Hyogo-based wholly owned subsidiary on Oct. 1.Says the Hyogo-based wholly owned subsidiary will be dissolved after the transaction.

Grand Hall Enterprise to transfer business to subsidiary

Wednesday, 6 May 2015 06:44am EDT

Grand Hall Enterprise Co Ltd:To transfer water heater section to a wholly owned subsidiary and to acquire 2,000,000 shares of the subsidiary at T$10 per share.Transfer record date July 31.

Midea Group to merge subsidiary

Tuesday, 28 Apr 2015 08:00pm EDT

Midea Group Co Ltd:Says to merge a wholly owned Foshan-based household appliances group subsidiary and its wholly owned Foshan-based investment subsidiary.Says the Foshan-based subsidiary and its subsidiary to be dissolved after transaction.

Star Comgistic Capital restructures subsidiaries

Friday, 24 Apr 2015 06:00am EDT

Star Comgistic Capital Co Ltd:A Zhangzhou-based subsidiary to set up a wholly owned investment sub-subsidiary in Hong Kong.The Hong Kong-based subsidiary to acquire 100 pct stake in an intelligence subsidiary of the company at $968,545.48.

Whirlpool Corp plans 500 million Euro Italy investment, 1,350 job cuts - Reuters

Thursday, 16 Apr 2015 12:42pm EDT

Whirlpool Corp:Says it would invest 500 million Euros ($535.25 million) over four years in Italy as part of a restructuring plan that would see 1,350 redundancies - Reuters.The plan aims at 'improving efficiencies and capacity utilization and integrating its manufacturing operations.It would include the closure of some sites with 400 extra layoffs in addition to 950 redundancies already planned at the time it acquired Indesit in July last year.Whirlpool said it would meet unions on April 20 for detailed discussion of the plans, which include the closure of the Carinaro site near Naples with the loss of 800 jobs.Says a large part of the 500 million Euros earmarked for the next four years would be aimed at building up production in Italy through a specialized network of factories and extra investment in research and development.

Toell to merge with wholly owned subsidiary

Monday, 16 Feb 2015 02:00am EST

Toell Co Ltd:To merge with a Yokohama-based wholly owned subsidiary on May 1.The subsidiary will dissolve after merger.

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