latest news releases from the newsroom
EQT Acquires Munksjo
STOCKHOLM, Sweden, Dec. 22, 2004 (PRIMEZONE) -- The EQT III fund ("EQT"), announced today that the fund has signed an agreement with Jefferson Smurfit Group to acquire Munksjo AB. Under EQT's ownership, Munksjo will comprise of decor and specialty paper and the Aspa mill, following the recent divestment of the tissue division to SCA and the retention of the packaging division by Jefferson Smurfit. Munksjo, headquartered in Jonkoping, Sweden, is the leading producer of decor and specialty paper in the world, with sales of approximately EUR 480 million (excluding the divested and separated divisions), 1 500 employees and nine mills in Sweden, Germany, Spain, Italy, USA and Norway.
StockPickReport: SBC Buy Rating
SHREVEPORT, La., Dec. 22, 2004 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates JDS Uniphase, Medtronic Inc., SBC Communications Inc.
Skandia IFRS Information
STOCKHOLM, Sweden, Dec. 22, 2004 (PRIMEZONE) -- The year 2005 will bring about important changes in financial reporting with company accounts being reported under IFRS. Skandia will present IFRS information according to the following announcements:
StockPickReport: Lucent Buy Rating
SHREVEPORT, La., Dec. 22, 2004 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates Lucent, PeopleSoft Inc., Micron Technology Inc., Home Depot.
International Fuel Technology Inc.
Philippines Department of Energy Begins Pilot Program Using International Fuel Technology Products
ST. LOUIS, Dec. 22, 2004 (PRIMEZONE) -- International Fuel Technology Inc. (OTCBB:IFUE), a fuel science and research company, today announced that the Philippines Government Department of Energy will begin a pilot program using IFT products. The program, which will include the consumption of approximately 7,500 tons of fuel, will be managed by National Power Corporation ("Napocor"), an energy company wholly owned and managed by the Philippine government's Department of Energy. The program will focus on DiesolIFT, a fuel additive IFT created which provides a significant gain in efficiency to diesel fuels and corresponding reductions in carbon dioxide emissions. Napocor will purchase the additive needed to complete the program from IFT. IFT's Asian distribution partner, First Asia Fuel Corporation, will coordinate the program on behalf of IFT.