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Metso Corporation’s partial demerger has been registered

The Boards of Directors of Metso Corporation (“Metso”) and Outotec Oyj have resolved to complete the combination of Metso’s Minerals business and Outotec Oyj through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso’s partial demerger was registered today at the Finnish Trade Register.


Klingele acquires kraftliner factory in Brazil

The Klingele Paper & Packaging Group, one of the leading independent manufacturers of corrugated board base paper and corrugated board packaging, has signed an agreement with Klabin S. A., the largest producer of paper and corrugated board packaging in Brazil, to purchase the Kraftliner paper mill in Nova Campina in the state of São Paolo.

Clariant doubles capacity of its high-throughput catalyst R&D center in Palo Alto

Significant investment into extension of high-throughput catalyst R&D center in Palo Alto

The enlarged high-tech state-of-the-art facility will accommodate additional technical experts and cutting-edge equipment
Expansion will substantially accelerate catalyst discovery, development, and overall time-to-market

BOBST Group expects first half year loss due to Covid-19 lock-down impact and announces change in the Group Executive Committee

The spread of Covid-19 has caused major disruptions in the global supply chain and has impacted the international trade and service business in recent months. Most machine installations and service interventions scheduled for the second quarter of 2020 could not be performed as planned due to travel bans, which has a significant impact on revenue recognition. 2020 sales will be even less balanced than in previous years affecting negatively the first half-year’s profitability. Bobst Group expects its sales for the first half of 2020 to be more than CHF 200 million lower than the CHF 737 million achieved in the same period in 2019. The operating result (EBIT) for the first half of 2020 is expected to be around CHF 50 to 60 million lower than the CHF 15 million achieved in the same period of 2019.

International Manufacturing Technology Show Cancelled for First Time Since WWII

IMTS to continue to offer digital experiences to foster connections, networking and technical learning opportunities.

Because of health and safety requirements imposed by the state of Illinois for holding conventions, which include the availability of a vaccine for the COVID-19 virus or a highly effective treatment protocol, IMTS – The International Manufacturing Technology Show has announced that it has cancelled IMTS 2020.

Dividend on prior-year level resolved

At the virtual Annual General Meeting of Henkel AG & Co. KGaA on June 17, 2020, the shareholders approved all items on the agenda. In particular, they approved the proposed dividend resolution and the proposals for new elections to the corporate bodies. In total, about 90 percent of the voting capital stock was represented. Due to the spread of the Coronavirus in Germany and the governmental requirements for mass events, Henkel had decided to conduct this year's Annual General Meeting as an entirely virtual meeting that was broadcast on the internet.

Henkel reaffirms strategic focus on purposeful growth

Dividend proposal on prior-year level: 1.85 euros per preferred share
New elections to the Supervisory Board and Shareholders’ Committee
Four new members proposed for election to corporate bodies
Robust performance despite corona crisis
Clear growth agenda for the future
Ambitious targets for climate protection and avoiding plastic waste
Commitment to diversity and against racism

Financial performance, paper sector: 2019 was a good year for Fedrigoni Group with a positive Q1 2020 despite Covid19 crisis

The leading Italian company in Europe saw a drop-in sales in its paper and securities (banknotes) sectors, offset by a good performance in its labels sector, to close Q1 with its operating margin increasing by 1.1%. Annual financial statements recorded an adjusted EBITDA increasing by 18.7%, compared to stable revenue of more than €1,170 million

Metso's Board of Directors decided on performance measurement of top management performance share plans due to the planned partial demerger and the combination of Metso Minerals business and Outotec

Metso's Board of Directors has resolved on the performance measurement of the following Performance Share Plans directed to Metso's top management: PSP 2018–2020 and PSP 2019-2021.


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