Appliances / Tools / Housewares
Fiskars Oyj Abp Introduces New EMEA Sales Organization to Accelerate Growth across Businesses
Fiskars Oyj Abp announced a new sales organization for the EMEA (Europe, the Middle East and Africa) region to accelerate growth. As of September 1, 2012 two new sales regions – North and Central – will assume responsibility for maximizing commercial opportunities for the whole Company within their respective regions. The sales regions will be headed by newly appointed Sales Region Presidents, who will report directly to the Company's President and Chief Executive Officer, Mr. Kari Kauniskangas. The establishment of a sales organization is a step in the execution of Fiskars Oyj Abp's integrated company strategy.
OSG CORPORATION CO., LTD. to Merge with Subsidiary
OSG CORPORATION CO., LTD. announced that it has decided to merge with its wholly owned subsidiary, OASIS Water Co., Ltd., engaged in importing, processing and sales of water cooler, based in Japan, effective June 1, 2012. After this, the Company will be the surviving company and OASIS Water Co., Ltd. will be dissolved.
GORENJE dd Shifts Its Facility from Finland to Czech Republic
GORENJE dd announced that by September 2012, it plans to move one of its facilities from Lahti, Finland to its cooking appliance factory Mora Moravia located in Czech Republic. The factory in Finland will be closed in July 2012. The shifting is a part of the Company's strategic plan for the period from 2012 to 2015.
Nortek Inc And OmniMount Systems Join To Create Supplier Of Display And Entertainment Mounting Solutions
Nortek Inc announced that it has completed the consolidation of its subsidiaries, Ergotron, Inc. (Ergotron) and OmniMount Systems, Inc., by officially merging the OmniMount legal entity into Ergotron. The merger of these two brands positions Ergotron as the supplier of display and entertainment mounting solutions for both the consumer and A/V pro markets. The OmniMount products will remain the consumer brand within Ergotron's product offerings. Under the umbrella of one company, the Ergotron and OmniMount brands are uniquely positioned to provide the global community with solutions designed to facilitate healthier and more interactive engagement for display and entertainment systems worldwide. Building on a shared history of excellence in customer service and product innovation, the unification will expand on the strengths of each company. With distinct channels to market, the consolidation of product development, customer service, manufacturing, operations and marketing will enable the Company to drive innovation as well as business efficiencies.
AB Electrolux Updates on Reorganization and Layoffs
AB Electrolux announced that it is reducing overhead costs in all regions. The savings from these measures will amount to SEK 680 million annually and incur a cost of SEK 630 million. The activities to reduce staffing levels in all regions were initiated in the fourth quarter of 2011 and will continue in the beginning of 2012. The total non-recurring costs for these measures of approximately SEK 630 million will be charged against the operating income in the fourth quarter of 2011. The savings are expected to amount to approximately SEK 680 million on a yearly basis, and the saving activities will be fully implemented in 2012. The annual savings are about SEK 180 million higher than previously estimated and communicated at the Capital Markets Day in November 2011, while costs are about SEK 130 million higher.
Hefei Rongshida Sanyo Electric Co., Ltd to Liquidate Subsidiary
Hefei Rongshida Sanyo Electric Co., Ltd announced that it plans to liquidate its wholly owned subsidiary, a Hefei-based industrial and commercial company.
Indesit Co SpA Announces Appointment of New Chief Financial Officer; The Company announces Reorganization in Three Divisions
Indesit Co SpA announced that on October 14, 2011, Mr. Stefano Cavancini has been appointed as the new Chief Financial Officer of the Company in replace of Mr. Andrea Crenna. The Company also announced that it has completed a structural reorganization of the Company. As consequence of the reorganization the Company will be structured in three divisions ad of January 1, 2012: Food Treatment; Home Care and Service and Consumer Care.
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| Industrials | -0.87% |
| Cyclical Goods & Services | -0.79% |
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| Financials | -1.06% |
| Healthcare | -0.06% |
| Technology | -1.18% |
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| Utilities | -1.23% |
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+36.40Analyst Research
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$10.00
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$10.00
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$10.00
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Provider: GlobalData
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$125.00
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