Displaying items by tag: environmental

Metso, the second largest company in the Tampere region, will relocate its more than one thousand energy and environmental technology experts currently working in Tampere to modern premises in the Rantaperkiö and Lahdesjärvi sections of Tampere. The target is to improve general operating conditions. These arrangements will also mean savings in fixed costs, including rents.

The “Metso House” in Rantaperkiö will become an internationally notable cluster of boiler and automation expertise for bioenergy solutions when the vast majority of Metso’s Power business line employees in Tampere, approximately 440 persons, move there in July 2010.

-Energy is one of Metso’s strategic growth areas. There is growing worldwide demand for know-how related to renewable energy sources, and in Tampere we can get the making of bioenergy solutions in Metso's Power and Automation businesses under one roof. The two business units already have joint customers and development projects. In the Metso House we want to strengthen cooperation and easy collaboration between different business areas, says Kai Mäenpää, Vice President, Capital Projects, Power business line.

The building already seats more than 500 Automation business line employees, so the Metso House will become a joint base of operations for more than one thousand energy and environmental technology experts.
The addition of several hundred commuters will also have an effect on public transportation planning in the area.

Production Competence Center in Lahdesjärvi
Metso’s Power business line also plans to establish a Production Competence Center at the property previously used by Metso’s Tampere Roll Factory in Lahdesjärvi. Relocating the majority of the current production lines of Power business line’s Tampere factory in Messukylä to the new Production Competence Center is planned for the turn of 2011.

The conversion of the Lahdesjärvi factory site for Power business line’s needs means a 6 million euro investment in redemption of the factory property, expansion of the production facilities, as well as production equipment.

- The new location is optimal for the transport of boiler prefabricates and central for personnel mobility. The production premises are planned to be expanded by about 3,000 square meters, says Olli Aalto, General Manager, Tampere Works, Power business line.

In addition to the production function, the new Production Competence Center will develop new and efficient production technology for boiler production and support Metso’s global production network with its production know-how. An extensive personnel training program will be implemented for this purpose.

The factory property was vacated by Metso’s Paper business line in 2009.

Metso is a major employer in the Tampere region

Metso is the second largest company by employees in the Tampere region. It has over 3,100 employees in Tampere and in Valkeakoski.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries. www.metso.com

For further press information, please contact:

Kai Mäenpää, Vice President, Capital Projects, Power business line, tel. +358 20 141 2410
Juha Parvela, Vice President, Production, Power business line, tel. +358 20 141 2600

Newfoundland and Labrador's environmental claims against insolvent AbitibiBowater Inc. have been stayed by a Quebec judge, removing a likely hurdle to the company's restructuring process.

The claims, which would have required AbitibiBowater to clean up five sites that it owns or once owned, could have cost hundreds of millions of dollars. Newfoundland wanted them treated like claims from other creditors under the Company Creditors Arrangement Act and therefore eligible for available money.

In dismissing Newfoundland and Labrador's motion, Quebec Superior Court Justice Clement Gascon urged both sides to find "an appropriate forum" in which to settle their differences. The company has been under creditor protection since last April.

source: canada.com Canwest News Service
Judge dismisses Newfoundland's claims against AbitibiBowater

Intermost Corporation (OTC Bulletin Board: IMOT, which filed an application to change its name to Uni Core Holdings Corporation, and referred to as "UCHC"), an experienced 'company doctor' and aggressive 'incubator' of mid- to large-size companies in China, is pleased to announce that IMOT is in the process of acquiring one of the leading Environmental Paper Products companies in China, APT Paper Product Company (referred to as "APT").

APT is based in Shenzhen, with over 19 years history in the industry in China. Being an OEM, APT manufactures "Honey Comb packaging materials" for LED and Plasma products for a lot of big companies and expensive and fragile product clients, such as Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense and other well-known companies.

Background of the Acquisition
In March 2009, one of the investors, FFBC Group from Taiwan, approached IMOT to discuss this acquisition which was concluded in September 2009.

IMOT considered this project to have good potential since all the products are environmentally designed and will never become obsolete. Besides, the products are made according to clients' designs and requirements, so they will always meet client needs.

Honeycomb paper products packing industry has a huge market with big potential and wide prospects, and considering APT's industry knowhow, experience and the advanced machinery from Holland, we are confident that the company can be groomed as the market leader in "Honey Comb" products. This is the common goal of both APT and IMOT in this acquisition.

Return on Investment (ROI)
IMOT shall take over an estimated total asset value of around US$22 million, depending on the final audit and valuation result, with additional share issuance.

Based on the forecast of US$6 million profits after tax per annum, the ROI is around 27% per annum. For details, please refer to the Financial Forecast posted on the IMOT website.

This acquisition represents a breakthrough of IMOT's business to become an incubator for the modern green packing and honeycomb paper products packing industry in the next three years. Again, we expect to spin this project off for IPO within a 3-year period.

About Intermost Corporation (with plans to change its name to Uni Core Holdings Corporation)
Founded in the USA in September 1998, Intermost Corporation was the first Chinese Internet company listed on the US OTC Bulletin Board (stock symbol: IMOT) in December 1998. Intermost Corporation (with plans to change its name to Uni Core Holdings Corporation) has evolved into a 'company doctor' and 'incubator' of mid- to large-size companies that have good potential and profitable products in the market which are desperate for help from experts who can help them grow by assisting them in obtaining public or private financing in China, including company diagnosis services; consulting services; mergers and acquisitions; incubating; raise fund or financing; assistance to get public listing for mid- to large-size companies, etc.

Safe Harbor Statement
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.

SOURCE Intermost Corporation

UPM has launched two new websites to promote its Biofore message to its stakeholders. The sites www.upmbiofore.com and www.upmcarbonlife.com offer enhanced applications as well as highlight business cases with environmental advantages.

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The Portucel Soporcel Group has just launched the new Inacopia Office 75 g/m2, a product which seeks to respond to the needs of a segment of consumers with a high level of environmental awareness, adopting a stance focussed on the advantages of a product manufactured using renewable raw materials and energy.

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