latest news releases from the newsroom
SCA to Implement Extensive Efficiency Enhancement Program
STOCKHOLM, Sweden, Aug. 25, 2005 (PRIMEZONE) -- With the aim of strengthening conditions to regain a favourable profitability, SCA has decided to implement an extensive efficiency enhancement program. Measures to be implemented include phasing out of 350,000 tons of testliner and 100,000 tons of tissue, corresponding to 17% and 7% of SCA's European capacity respectively. Technology-enhancing investments are being made to achieve improved product quality. It is assessed that SCA's market share within corrugated board and tissue products will not be affected. The program, which will affect all business areas and 3,600 employees, is expected to result in annual savings of SEK 1,550 M when fully completed.
Volvo -- Truck Deliveries January-July 2005
GOTEBORG, Sweden, Aug. 25, 2005 (PRIMEZONE) -- Total deliveries of trucks from the Volvo Group's three truck companies increased 20% through July this year, compared with the year-earlier period.
Komax Holding AG
Komax Group: Business in the First Half of 2005
LUCERNE, Switzerland, Aug. 25, 2005 (PRIMEZONE) -- The first half of 2005 was a difficult period for the Komax Group. Although the Group was able to increase its sales in comparison with the first half of 2004, it saw a decline in operating profit (EBIT). Komax is expecting its result to show a marked improvement in the second half of 2005.
Bravo Resources Ltd.
Bravo Resources Ltd. and Woize Ltd. Sign Letter of Intent
VANCOUVER, British Columbia, Aug. 25, 2005 (PRIMEZONE) -- Bravo Resources Ltd. (OTCBB:BVOL) and Woize Ltd. announced today that they have entered into a letter of intent for the acquisition of Woize and all of its assets and properties by Bravo. The Company intends to complete the acquisition pursuant to an agreement and plan of merger.
Emulex Appoints Dean A. Yoost to Board of Directors
COSTA MESA, Calif., Aug. 24, 2005 (PRIMEZONE) -- Emulex Corporation (NYSE:ELX), the industry's preeminent source for a broad range of advanced storage networking infrastructure solutions, today announced that Dean A. Yoost has been appointed to the Emulex Board of Directors. Mr. Yoost brings more than 31 years of leadership experience and a solid record of spearheading corporate growth, driving increased revenue and establishing strong financial and tax advisory businesses worldwide.
Port of Houston Authority
Lawal Re-Appointed to Port of Houston Authority Commission
HOUSTON, Aug. 24, 2005 (PRIMEZONE) -- By unanimous vote, Houston City Council today re-appointed Kase L. Lawal to the Port of Houston Authority (PHA) Commission for another two years. Initially appointed to the commission in June 1999, Lawal serves as its vice chairman and is a member of the board of Pilot Commissioners. PHA commissioners serve two-year terms without pay.
TOUSA Declares Cash Dividend
HOLLYWOOD, Fla., Aug. 24, 2005 (PRIMEZONE) -- Technical Olympic USA, Inc. (NYSE:TOA) announced today that its Board of Directors has declared a cash dividend of $0.015 per share on the Company's outstanding common stock. The cash dividend will be payable on September 16, 2005, to shareholders of record at the close of business on September 6, 2005.