latest news releases from the newsroom
Semcon Signs an Agreement with ABB in Olofstrom
GOTEBORG, Sweden, Nov. 21, 2002 (PRIMEZONE) -- Semcon (Stockholm:SEMC) and ABB's business areas for the auto and manufacturing industry in Olofstrom have joined forces in respect of construction and manufacturing. Semcon will be the Preferred Supplier in the areas of construction and manufacturing for the auto industry production equipment, known as Body-in-White and Press Automation.
Appointment at Proha plc
HELSINKI, Finland, Nov. 21, 2002 (PRIMEZONE) -- Ms. Sirpa Haavisto, M.Sc.(Econ.), APA, has been appointed the Chief Financial Officer of Proha Plc beginning December 2, 2002. Prior to joining Proha Ms. Haavisto worked as Authorized Public Accountant and head of international accounting standards (IAS and U.S. GAAP) group at Ernst & Young Oy, Finland.
Frontline Ltd. Agreement
HAMILTON, Bermuda, Nov. 21, 2002 (PRIMEZONE) -- Frontline Ltd. (NYSE:FRO) signed an agreement today, which includes the sale of one of the Company's VLCCs to a German K/G promoted by Dr. Peters GmbH. The vessel is expected to be delivered to the new owners before year end. The vessel will be chartered back on a 13 year charter arrangement, including an option for the Company to buy back the vessel at the end of the charter period. The sale is expected to generate cash to the Company in excess of USD 25 million.
Internal Changes in TietoEnator Group Management
ESPOO, Finland, Nov. 21, 2002 (PRIMEZONE) -- The Senior Vice Presidents in charge of two of TietoEnator's (Other OTC:TTNTF) (Stockholm:TIEN) business areas, Lars Gahnstrom, Public & Healthcare, and Carl-Johan Lindfors, Resource Management, are to exchange their responsibilities. Mr. Gahnstrom has been appointed Senior Vice President, Resource Management, and Mr. Lindfors Senior Vice President, Public & Healthcare, effective from January 1, 2003. Both will continue as members of TietoEnator Group Management.