Kone liittoutuu japanilaisyhti n kanssa

Article Abstract:

The Finnish lift and escalator manufacturer Kone will team up with the Japanese electrical engineering manufacturer Toshiba. The cooperation is to help strengthen the companies' position in the global markets. The ownership of the companies is not affected. Toshiba will immediately begin licensed production of lifts with no machine rooms as developed by Kone. In accordance with the agreement, Toshiba has the sole right to produce and market the lifts in Japan as well as a right to market them alongside Kone in China, Hong Kong, Taiwan, Singapore, Indonesia and Malaysia. Kone does not reveal the amount of the licensing fee but the value of the lifts produced by Toshiba is estimated to be hundreds of millions of Fmk a year. In future the cooperation will be expanded to escalators, express lifts and servicing. Kone says the cooperation is an important strategic move and success factor since the number of lift manufacturers will diminish from the present ten to five within 5-10 years. The future lift and escalator markets are in Asia.

Comment:

Will team up w/ lift & escalator mfr (Finland) to help strengthen their position in the global markets

Japan, Strategic alliances, Elevators & Escalators, Elevator and Moving Stairway Manufacturing, Toshiba Corp., Kone A/S

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Patria ammusyhteisty h n Ruotsin ja Norjan kanssa

Article Abstract:

The Finnish Patria Industries, Swedish Celsius and Norwegian Raufoss have signed a letter of intent on establishing a Nordic ammunition company. The company is initially called Nammo. With a turnover of Fmk 1.1bn (US$ 0.2bn) it will become one of the largest ammunition companies in Europe, with over 1,400 employees. Additionally, Patria and Celsius have signed a letter of intent on founding a powder and explosive company, Nexplo. The company turnover will amount to Fmk 300mn, with 400 employees. Patria has also signed a letter of intent to sell their mining operations to Forcit. According to the MD of Patria Industries, Jorma Eloranta, the joint restructuring will in the long run allow for a stronger market position for the ammunition sector and a more active role in the reorganization of the international ammunition industry.

Comment:

Reaches deal with Finnish Patria Industries & Swedish Celsius over creation of Nordic ammunition co called Nammo

Joint ventures, Organizational history, Scandinavia, All Other Fabricated Metal Product Manufacturing, Ordnance & Accessories, Explosives Manufacturing, Explosives, Raufoss A/S, Patria Industries, Nexplo, Nammo, Celsius AB

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Kone myy hissielektroniikan Elcoteqille

Article Abstract:

Kone of Finland will sell their lift electronics company to Elcoteq Network. The letter of intent has been signed and the final agreement will be made by the beginning of October 1998. The value of the operations to be sold is approx. FIM 100mn (USD 18mn). The deal came as a surprise to the employees. Elcoteq is considering transferring the operations from Hyvink to Helsinki. Elcoteq and Kone are planning a long-term delivery agreement.

Comment:

Will purchase the the lift electronics operation of Kone, of Finland, for approximately FMk100 mil, or $18 mil

Asset sales & divestitures, Acquisitions & mergers, Facilities & equipment, Material Handling Equipment Manufacturing, Lift Platforms NEC, Lift platforms, KONE Corp., Elcoteq Network

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