Uusi emo Alkon tuotannolle ja viennille

Article Abstract:

The board of directors of Finland's state-owned Alko Group has accepted the plan to divide the Group, thus Alko Group will be divided in three companies and the present parent company will cease to exist. The plan will be carried out at the very beginning of 1999. The 50 employees of the parent company will transfer to Alko Kauppa Oy (retail monopoly), Altia Group Oy (alcohol production, export, import and wholesale) or Arctia-Invest Oy (financial administration). The management of the new companies has not been decided upon yet. Primalco (production) and Havistra (wholesale and distribution) will act as Altia Group subsidiaries. The above companies are an intermediate state of the change. Alkon Kauppa and the present Alko Oy will be merged in future. Arctia-Invest will be made a subsidiary of a state-owned real estate holding company to be established. Only Altia Group will be a permanent company.

Comment:

Forms Finnish alcohol mfr Altia Group when the company is divided into three companies & it will cease to exist

Retail Trade, Liquor, Distilleries, Parent-to-subsidiary activities, Alko Kauppa Oy, Alko Group, Altia Group Oy

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Uusi sellutehdas mieluummin Latviaan kuin Saksaan

Article Abstract:

Having researched the north German wood situation the Finnish Mets liitto has come to the conclusion that Latvia will be a better place for a new pulp mill. In Germany, there would be enough raw material but receiving it to industrial usage is uncertain. Over 50% of the wood would have to be bought from private woods the owners of which are not experienced in wood trade and forestry. Moreover, high harvesting and transportation costs would increase the prices close to the Finnish level even if the pulpwood stumpage prices are lower in northern Germany than in Finland. Signing the letter of intent between Mets liitto and Swedish S dra on the Latvian cooperation project will still take months. Also Latvia's forthcoming elections will postpone the agreement as Latvia's negotiators represent the country's government.

Comment:

Germany: Mets liitto concludes that Latvia will be a better place for a new pulp mill

Germany, Woodpulp & Related Products, Pulp Mills, Public affairs, Wood pulp industry

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Cultorin entsyymituotanto laajenee Kiinaan

Article Abstract:

Finnish Genencor owned by Finnish Cultor and American Eastman Chemical will establish a joint venture in China. Genencor has acquired an existing enzyme plant which will be transferred to it at the beginning of August 1998. The present Chinese owner will hold a 20% share of the new company, Genencor Wuxi Bio-Products. Cultor considers transferring Genencor production manner to China as the greatest risk of the project. Genencor will gradually begin applying their own enzyme technology to enhance production. The purchase price is not revealed. The Chinese plant will increase Genencor's turnover of over Fmk 1.5bn (US$ 0.3bn) by Fmk 50-80mn. According to Cultor, Genencor manufacturing network is now starting to be sufficient enough.

Comment:

To establish a JV in China by acquiring an existing enzyme plt which will be transferred to it at the beginning of 8/98

China, Asset sales & divestitures, Foreign operations, Enzymes, Other Basic Organic Chemical Manufacturing, Genencor, Genencor Wuxi Bio-Products

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