latest news releases from the newsroom
Elanders Makes Adjustments in Operations in Stockholm
KUNGSBACKA, Sweden, Oct. 4, 2002 (PRIMEZONE) -- Elanders makes adjustments in operations and has therefore given notice of termination to some eighty persons employed in inner city Stockholm. Employment Act negotiations concerning the redundancies will commence next week. Reducing personnel is part of the action plan that began during the third quarter and is aimed at making Elanders profitable in 2003.
Viscount Systems Inc.
Viscount Concludes Successful Tradeshow
BURNABY, B.C., Oct. 4, 2002 (PRIMEZONE) -- Viscount Systems Inc. (OTCBB:VSYS) President and CEO, Stephen Pineau, is pleased to announce The Company achieved a number of milestones relating to its participation in the recent ASIS (American Society for Industrial Security) tradeshow in Philadelphia. The ASIS tradeshow is the largest such show in the world with over 2000 exhibits and is the primary venue for Fortune 500 and government security officials to learn more about new security technologies.
Securitas Acquires CGS Customer Ground Services SA in Switzerland
STOCKHOLM, Sweden, Oct. 4, 2002 (PRIMEZONE) -- Protectas SA, the Swiss operations of the Securitas Group, has acquired 85 per cent of CGS Customer Ground Services SA in Zurich with annual sales of MCHF 10 (MSEK 62) and 100 employees. The company is active in security services, mainly document verification in the airports in Zurich, Geneva and Basel. The company has a good growth and good profitability.
Metso Minerals' Operational Integration Concluded as Planned
HELSINKI, Finland, Oct. 4, 2002 (PRIMEZONE) -- Metso (NYSE:MX) (Other OTC:MXTOF) reports that the timing of the integration of the Svedala businesses into Metso Minerals has proceeded as planned since their acquisition in September 2001, while results have been better than anticipated. At the beginning of the integration process it was estimated that the annual synergy benefits would amount to EUR 70 million, to be realized in full during 2003. During the integration process, the target has been revised upwards to in excess of EUR 90 million, of which half is expected to be realized already in 2002.