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Yotrio Group Co Ltd Completes Dissolution of Subsidiary

Friday, 18 Oct 2013 08:00pm EDT

Yotrio Group Co Ltd announced that it has completed the dissolution of a wholly owned subsidiary, which is engaged in production and sales of home goods, hotel goods, umbrellas and accessories in Shanghai, on September 26, 2013.

Natuzzi SpA To Shift Some Production To Italy From Romania-Reuters

Wednesday, 9 Oct 2013 07:44am EDT

Reuters reported that Natuzzi SpA will sign an accord to shift some production to Italy from Romania in an outsourcing deal with local companies that agree to hire most of the 1,700 workers facing planned layoffs. The new companies should start production in the spring, and they will gradually hire the employees who were about to permanently lose their jobs.

Nobia AB to Merge Myresjokok and Marbodal Brands

Monday, 9 Sep 2013 07:00am EDT

Nobia AB announced that the Company is to merge two of its brands, Myresjokok and Marbodal, to form a combined brand – Marbodal. Under the joint brand, Marbodal will offer a broader range and new digital investments that will simplify the purchasing process. In addition, further efforts will be directed to nurturing customer relations and developing the service offering and kitchen solutions. The conversion of Myresjokok will commence in the autumn of 2013 in close collaboration with customers.

Svedbergs i Dalstorp AB Closes Facility in Hallaback Resulting in 10 Redundancies

Wednesday, 12 Jun 2013 05:01am EDT

Svedbergs i Dalstorp AB announced that the Company has decided to move the assembly of its hydro-massage bathtubs to the Company's main production facility in Dalstorp and to close the facility in Hallaback outside Gislaved. The change is expected to result in savings of SEK 3 million and will include 10 redundancies.

Cacola Furniture International Ltd Announces De-Registration Of Wholly-Owned Subsidiary, Sincere Treasure Limited

Thursday, 2 May 2013 06:30am EDT

Cacola Furniture International Ltd announced the de-registration of the Company’s wholly-owned subsidiary, Sincere Treasure Limited with effect from May 1, 2013, as part of the Group’s rationalization exercise for overall cost-saving plan.


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