latest news releases from the newsroom
Sectra Increases Customer Benefit Through New Partnership
LINKOPING, Sweden, Nov. 22, 2002 (PRIMEZONE) -- The Swedish IT and medical technology company Sectra (Other OTC:SSBBF) (Stockholm:SECTb) widens its Clinical Solutions Network by signing a cooperation agreement with Mirada Solutions Ltd., an Oxford U.K. based medical software development company. Through the agreement, Mirada's solution for image fusion is fully integrated into Sectra's system for handling digital x-ray images.
Biora: A New Indication for EmdogainGel Approved in EU
STOCKHOLM, Sweden, Nov. 22, 2002 (PRIMEZONE) -- Biora (Other OTC:BIORY) (Stockholm:BIOR) has received European Union approval for a new indication for EmdogainGel in the treatment of recession defects (exposed root surfaces). Biora plans to launch this new indication in April, 2003.
NCC Sues National Road Administration Regarding Southern Link Project
SOLNA, Sweden, Nov. 22, 2002 (PRIMEZONE) -- NCC (Stockholm:NCCa) today instigated legal proceedings at Stockholm District Court against the Swedish National Road Administration's Stockholm Region. According to NCC, the Road Administration should pay a further SEK 643 million for the tunneling work NCC performed as part of the Southern Link highway project in Stockholm. Value added tax accounts for SEK 242 million of the total amount claimed.
Sandvik Initiates Cooperation with Leading Japanese Manufacturer of Products to the Mining and Construction Industries
SANDVIKEN, Sweden, Nov. 22, 2002 (PRIMEZONE) -- Sandvik's (Other OTC:SDVKY) (Stockholm:SAND) Mining and Construction business area has reached an agreement with Furukawa Co. Ltd. in Tokyo, Japan, regarding products exchanges of rock-drilling and demolition tools and certain production cooperation. The intention in a first step is to be able to offer locally manufactured products in Japan and to supplement the existing product program. In addition to this, the two companies will define other areas for continued cooperation.
Autoliv Consolidates Seat Belt Production
AUBURN HILLS, Mich., Nov. 22, 2002 (PRIMEZONE) -- Autoliv (NYSE:ALV) (Stockholm:ALIV), the world's largest supplier of automotive safety systems, today announced that it will minimize costs and maximize efficiency by concentrating its North American seat belt production in just three plants. As a result, Autoliv's plant in Indianapolis, Indiana, will be phased out during the next 12 months.
lastminute.com plc: Fourth Quarter and Preliminary Results
LONDON, Nov. 22, 2002 (PRIMEZONE) -- lastminute.com (Nasdaq:LMIN) (LSE:LMC) today announces fourth quarter results completing a year of transformation. In Quarter 4 the Group has delivered, for the first time, positive operating cashflow, Group EBITDA of 2.8 million pounds and Group pre tax profit (pre exceptional items and goodwill amortisation).
Autoliv Continues Cost Reduction Actions -- Consolidates Production
STOCKHOLM, Sweden, Nov. 22, 2002 (PRIMEZONE) -- Autoliv Inc. (NYSE:ALV) (Stockholm:ALIV), the worldwide leader in automotive safety systems, today announced that it will consolidate its North American manufacturing base and phase out two plants. As a result, the company expects to save $5 million during 2003 and over $20 million annually starting in 2004 when the consolidation program has been fully implemented. The cost for the program amounts to approximately $15 million. Most of the cost will be offset by a combination of unrelated one-time revenues and releases of previously established accruals. The net effect on the fourth quarter earnings will therefore be less than $5 million.