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Viking Offshore And Marine Ltd Announces Incorporation Of Two Wholly Owned Subsidiaries

Tuesday, 8 Oct 2013 05:14am EDT

Viking Offshore And Marine Ltd announced that it has established two wholly owned subsidiaries in Singapore known as Viking Capital Pte Ltd and Viking Asset Management Pte Ltd. Viking Capital and Viking Asset Management were both incorporated on October 7, 2013 each with a total issued and paid-up capital of SGD2.00 comprising two ordinary shares at SGD1.00 each. The principal activities of both Viking Capital and Viking Asset Management will be of an Investment Holding company.

Xilinmen Furniture Co Ltd to Set up Subsidiary

Tuesday, 19 Mar 2013 08:00pm EDT

Xilinmen Furniture Co Ltd announced that it will invest RMB 50 million to set up a wholly owned subsidiary in Shaoxing. The subsidiary will be with a registered capital of RMB 50 million and be engaged in the production, processing and sale of furniture, bedding, household metal products, and decoration materials.

Vilniaus Baldai AB Invests in New Facility

Monday, 11 Feb 2013 09:00am EST

Vilniaus Baldai AB (VB) announced that in 2012, it made an investment in the amount of LTL 12.3 million into modernization of equipment and implementation of new technologies. VB paid a lot of attention to modernization and maintenance of production equipment, optimization of technological processes and increase in work efficiency. In January 2013, VB completed installation works of new calibration and mortising line, the cost of which reached LTL 10 million, and started continuous production. Installation of this line was launched in November 2012. The installation was made by the German Homag Group. The facility is intended for processing of furniture part edges and mortising. At present, the line is under testing and adjustment works are carried out and also qualified operators are being trained and prepared. At the end of February 2013, VB intends to start mass production employing this equipment. In 2012, VB invested LTL 12.3 million of its own funds into equipment modernization. According to Mr. Renatas Rimkunas, Production Manager at VB, VB is currently not increasing its production output, as it still updates old and technologically outdated equipment. In 2013, VB intends to continue modernization of production equipment and plans to invest another LTL 15 million into new equipment from its own funds.

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