latest news releases from the newsroom
Ratos: Camfil Farr Sells Part of U.S. Operations
STOCKHOLM, Sweden, May 24, 2002 (PRIMEZONE) -- Air filter manufacturer Camfil Farr sold its U.S. Engine division yesterday to the American company Parker Hannifin for just under SEK140m. The Engine division, which manufactures filters for trucks and other diesel-driven vehicles, was not a part of Camfil Farr's core business.
AorTech International Plc
AorTech International plc: Restructuring and Rationalization of Facilities
LANARKSHIRE, Scotland, May 24, 2002 (PRIMEZONE) -- AorTech International plc ("AorTech") (LSE:AOR), the Scottish-based developer and manufacturer of cardiovascular devices, announces a restructuring and rationalization program, which will result in a number of redundancies within the organization.The Company has signed a Sub-Contract Manufacturing Agreement with Becton Dickinson (BD) for the manufacture of its TruCCOMS System in Singapore and, as a result, there will be approximately 50 employees made redundant from the AorTech site in Scotland.
OTI On Track Innovations Inc.
OTI in Preparations for Listing on NASDAQ in Addition to Neuer Markt; Listing Approved By the Board
ROSH PINA, Israel, May 24, 2002 (PRIMEZONE) -- OTI (Neuer Markt:OT5) announced today the agenda for the annual general meeting of the company's shareholders to be held on June 14, 2002, at its headquarters in Rosh-Pina, Israel. Among the topics of the meeting will be approval of the Board's decision for an additional listing on NASDAQ in the United States. The Company's Board of Directors has approved the Company's management plan to register its shares for trading on the NASDAQ stock exchange in addition to its listing on the Neuer Markt in Frankfurt, Germany.