latest news releases from the newsroom
Volvo Aero and SAS Sign Contract Worth 1.8 Billion
GOTEBORG, Sweden, April 4, 2003 (PRIMEZONE) -- Volvo Aero and Scandinavian Airlines (Other OTC:SASDF) have signed a contract whereby Volvo Aero is becoming the principal supplier of engine overhaul services for Scandinavian Airlines' and Spanair's MD80 fleet of aircraft. The contract, which covers the period up to and including 2006, is expected to be worth SEK 1.8 billion to Volvo Aero.
Smedvig Secures Contract Extension for West Pelaut
STAVANGER, Norway, April 4, 2003 (PRIMEZONE) -- Smedvig (NYSE:SMVa) (NYSE:SMVb) has been awarded a new contract extension by Brunei Shell Petroleum for the semi-submersible self-erecting tender rig, West Pelaut. The production drilling assignment has a firm duration of five-years, with annual renewal options for another five years. The contract value for the firm period is estimated to approximately US $100 million.
Atlas Copco Finalizes Acquisition of DreBo
STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Atlas Copco (Other OTC:ATLKY): after approval from regulatory authorities, Atlas Copco Holding GmbH has today acquired DreBo Werkzeugfabrik GmbH, Altshausen, Germany, a manufacturer of carbide tipped masonry drilling products. DreBo's distribution center in the United States is included in the acquisition. The purchase price was not disclosed.
Industrivarden: Disclosure Notice Munters
STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Industrivarden today purchased 420,000 shares in Munters, corresponding to 1.68 percent of the company's votes and capital stock. Following this purchase Industrivarden's total holding amounts to 2,500,750 shares, corresponding to 10.00 percent of the votes and capital stock.This information was brought to you by Waymaker http://www.waymaker.net
MTG: RIX FM Becomes Number One Radio Station in Sweden
STOCKHOLM, Sweden, April 4, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY) (Stockholm:MTGa), the international media group, today announced that its RIX FM national station is for the first time now bigger than both P1 and P3, the two state-owned national public service radio stations. This is the first time in the history of the Swedish radio industry that a commercial station has attracted more listeners than the public service stations.
Norsk Hydro: Hydro Aluminium Inaugurates New Alumina Capacity
OSLO, Norway, April 04, 2003 (PRIMEZONE) -- Norsk Hydro (NYSE:NHY): Alumina do Norte do Brasil S/A, Alunorte, will inaugurate on Friday, April 4, its third production line, which makes Alunorte the largest producer of alumina in South America. Hydro Aluminium has a 34 percent stake in Alunorte.