Valmet Oyj’s press release on February 15, 2024 at 2:05 p.m. EET ESPOO, Finland, Feb. 15, 2024 /PRNewswire/ — Valmet starts change negotiations on February 15, 2024 that affect certain parts of Services and Paper business lines, EMEA (Europe, Middle East, Africa) area organization and corporate functions. These negotiations include a plan to consider measures aimed at… Continue reading Valmet to start change negotiations regarding Services and Paper business lines, EMEA area organization and parts of corporate functions
Tag: Contract Manufacturer
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
AURORA, Ontario, Feb. 13, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 300,000 Magna Common Shares (the “Bid”), representing approximately… Continue reading TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. Just Missed EPS By 19%: Here’s What Analysts Think Will Happen Next
Shareholders might have noticed that Magna International Inc. (TSE:MG) filed its full-year result this time last week. The early response was not positive, with shares down 5.0% to CA$74.84 in the past week. It was not a great result overall. While revenues of US$43b were in line with analyst predictions, earnings were less than expected,… Continue reading Magna International Inc. Just Missed EPS By 19%: Here’s What Analysts Think Will Happen Next
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Magna International Inc. AURORA, Ontario, Feb. 13, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 300,000 Magna Common Shares (the… Continue reading TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Valmet Automotive received top CDP rating for climate work
Valmet Automotive has systematically developed its processes and reporting to meet the Paris Agreement target of limiting global warming to 1.5 degrees Celsius. In the CDP assessment, the company received full marks in the categories of Scope 1 and 2 emissions reporting, risk assessment and management processes, and good governance. Valmet Automotive achieved the A-… Continue reading Valmet Automotive received top CDP rating for climate work
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
AURORA, Ontario, Feb. 13, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange (“TSX”) had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 300,000 Magna Common Shares (the “Bid”), representing approximately… Continue reading TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
Valmet to deliver electrostatic precipitators to Nordic Paper’s Bäckhammar mill in Sweden
Valmet Oyj’s press release February 13, 2024 at 9:30 a.m. EET ESPOO, Finland, Feb. 13, 2024 /PRNewswire/ — Valmet will deliver electrostatic precipitators (ESP) for the existing recovery boiler in Nordic Paper’s Bäckhammar mill in Kristinehamn, Sweden. The take over is scheduled to be in the end of 2025. The order is part of Nordic Paper’s investments… Continue reading Valmet to deliver electrostatic precipitators to Nordic Paper’s Bäckhammar mill in Sweden
Eltek Announces Pricing of Public Offering of Ordinary Shares.
PETACH TIKVA, Israel, Feb. 12, 2024 /PRNewswire/ — Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today the pricing of an underwritten public offering of 625,000 ordinary shares at a public offering price of $16.00 per share, for gross proceeds of $10,000,000,… Continue reading Eltek Announces Pricing of Public Offering of Ordinary Shares.
CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook
In a release issued under the same headline on Friday, February 9th by Magna International Inc. (TSX: MG; NYSE: MGA), please note that some of the information in the Consolidated Statements of Cash Flows and Supplemental Data tables has been updated. The corrected release follows: Fourth Quarter 2023 Highlights Sales increased 9% to $10.5 billion,… Continue reading CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook
CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook
Magna International Inc. Swamy Kotagiri, Magna’s Chief Executive Officer “I am pleased with our 2023 operating performance, highlighted by strong execution on higher sales, success in offsetting inflationary pressures, and the benefits from operational excellence activities across the company. We completed the acquisition of Veoneer Active Safety, and are on track to deliver meaningful synergies… Continue reading CORRECTION – Magna Announces Fourth Quarter 2023 Results and 2024 Outlook