latest news releases from the newsroom
Fidelity Management Research Corporation's Holdings in Metso to 4.97 Percent
HELSINKI, Finland, Dec. 14, 2005 (PRIMEZONE) -- Metso Corporation has been informed about a decrease in the holding of Fidelity Management Research Corporation and its subsidiaries of the paid up share capital of Metso Corporation. On December 12, 2005, Fidelity Management Research Corporation and its subsidiaries owned a total of 7,043,800 Metso shares, which corresponds to 4.97 percent of the paid up share capital and voting rights of Metso Corporation.
Metso to Supply World's Highest Capacity Pulp Drying Line to Suzano Bahia Sul in Brazil
HELSINKI, Finland, Dec. 14, 2005 (PRIMEZONE) -- Metso Paper will deliver a pulp drying line including three complete baling lines to Suzano Bahia Sul Papel e Celulose S.A. in Brazil. The world's highest capacity drying line is a part of Suzano Bahia Sul's expansion project at the Mucuri mill in the state of Bahia. The value of the order is approximately EUR 100 million. Start-up is scheduled for the second half of 2007.
Hydro's Acquisition of Spinnaker Completed
OSLO, Norway, Dec. 14, 2005 (PRIMEZONE) -- A special shareholders' meeting of U.S.-based Spinnaker Exploration Company today adopted the merger agreement with Norsk Hydro ASA, approved by the Board of Directors of both companies in September.
Converium Holding AG
Appointment of Inga Kristine Beale as CEO
ZUG, Switzerland, Dec. 14, 2005 (PRIMEZONE) -- The Board of Directors of Converium Holding Ltd. has appointed Inga Kristine Beale (42) as the new Chief Executive Officer of Converium. A British citizen, she is currently CEO and Chairman of the Board of Management of GE Frankona Ruckversicherungs-AG, Munich, Germany, as well as the leader of GE Insurance Solutions' Property & Casualty reinsurance business written in Continental Europe, the Middle East and Africa.
Northrop Grumman Corp.
Northrop Grumman Plays Critical Role in Successful Missile Defense Test
HUNTSVILLE, Ala., Dec. 13, 2005 (PRIMEZONE) -- Northrop Grumman Corporation's (NYSE:NOC) battle management software and launch control equipment, developed for the U.S. Missile Defense Agency's ground-based midcourse defense (GMD) system, successfully performed tonight during Flight Test 1. These systems play a vital role in launching the ground-based interceptor and orchestrating the overall engagement sequence.