PKC Group käynnistää tänään yt-neuvottelut Kempeleen yksikössä henkilöstön lomauttamiseksi johdinsarjojen kysynnän heikennyttyä. YT-neuvottelut koskevat PKC Group Oyj:n koko henkilöstöä, noin 300 henkilöä. Lomautusten kestot ja ajoitukset voivat vaihdella ja ne täsmentyvät neuvottelujen kuluessa.
PKC Group Oyj
Harri Suutari
toimitusjohtaja
Lisätietoja antaa:
toimitusjohtaja Harri Suutari, PKC Group Oyj, puh. 0400 384 937
Glaston Oyj Abp:n tytäryhtiössä Tamglass Lasinjalostuksessa käynnistetään 15.1.2009 yhteistoimintalain mukaiset neuvottelut rakennuslasiliiketoiminnan sopeuttamisesta nykyiseen markkinatilanteeseen.
Rakennuslasiliiketoiminta työllistää tällä hetkellä noin 110 henkilöä Tampereella ja Lempäälässä. Suunnitelman henkilöstövaikutukset täsmentyvät, kun yhteistoimintaneuvottelut henkilöstön edustajien kanssa on käyty.
Tamglass Lasinjalostuksen edelliset YT-neuvottelut päättyivät 10.9.2008 Neuvottelujen tuloksena yhtiö lopetti työkone- ja erikoisajoneuvolasiliiketoiminnan.
Lisätietoja:
Glaston Oyj Abp, toimitusjohtaja Mika Seitovirta
Puh. 010 500 500
Tamglass Lasinjalostus Oy, toimitusjohtaja Timo Rautarinta
Puh. 010 500 510
Puhelinkeskustelu rahoitusjohtajan kanssa:
Yt-neuvottelut ovat jatkoa aiemmille neuvotteluille, jolloin lopetettiin kaksi lasinjalostusliiketoimintoa. Liiketoimintaympäristö ei ole parantunut syksyn aikana. Lasinjalostuksessa tällä hetkellä rakennuslasi- (lähes pysähtynyt) sekä aurinkoenergiatuotantoa (hidastunut).
Glaston Finlandin (eli Heat Treatment toiminto) yt: tuotantoihmiset ovat näillä näkymin 8 viikkoa lomautettuna. Myynnin ihmiset töissä normaalisti.
Eurooppa hidastunut alkusyksynä. Yhdysvallat jo aiemmin (2007). Lähi-Itä pysähtyi lähellä alkutalvesta/vuodenvaihdetta. Kiina pysähtyi olympialaisten aikaan. Etelä-Amerikka vetää vielä.
Arkkitehtuurilasin osuus liikevaihdosta on 70%, autolasi tullut hieman alas. Palveluliiketoiminta ja softapuoli pitää yhtiötä tulosmielessä pinnalla.
Markkinatilanteen nopean heikkenemisen vuoksi positiivisen tuloksen
saavuttaminen on muodostunut yhä epätodennäköisemmäksi kuluvan vuoden aikana.
YT-neuvottelut on yhtiössä käynnissä ja tilanteen edellyttämiin korjaaviin
toimenpiteisiin on jo ryhdytty.
Lisätietoja: toimitusjohtaja Esko Teerikorpi, puh. 040 580 6111,
esko.teerikorpi@honka.com.
North American truck orders plummeted by almost two-thirds in December on the year, with weakening US business reinforced by slowing exports and the abrupt reversal of Canada’s oil sands boom.
The unexpectedly severe fall has further darkened prospects not only for truckmakers and their suppliers, but also the wider US economy. Trucking is widely viewed as a key leading indicator of broader economic activity.
“The industry is going to be forced to slash build rates or to take significant downtime in the first quarter”, says Kenny Vieth, analyst at Indiana-based ACT Re-search. “Customer demand is not there.”
Analysts at UBS predicted in a report on Wednesday that Volvo, the world’s second-biggest truckmaker, would cut its dividend in response to disappointing orders, margin pressure and a worsening outlook.
However, Tim Kraus, director of the US Heavy Duty Manufacturers Association, which represents parts makers, said that his members were better equipped to weather the downturn than their counterparts in the car industry.
According to Mr Kraus, the truck sector has grown accustomed to “spike-and-cliff” conditions, and can adjust to some extent by shedding temporary workers, cutting overtime and reducing shifts. Truck parts makers are also shielded by a big market in replacement components.
ACT estimates heavy Class 8 orders at 9,000 units in December, down 59 per cent for a year earlier and more than a fifth lower than November. Orders for medium-duty Class 5-7 vehicles were 65 per cent lower.
The 2009 forecast for Class 8 retail sales, including exports, has been scaled back to 170,000 units, down from 205,000 in 2008 and 238,000 the previous year.
Mr Vieth said that hopes had largely evaporated that truck operators would order briskly this year in advance of stricter emissions regulations due to take effect in 2010.
Instead, high manufacturing inventories, disappointing retail sales and a slide in imports are all set to depress freight volumes, dampening truck demand. Furthermore, a slump in used truck prices has discouraged trade-ins.
Exports of new and used trucks had been an important prop for North American truckmakers over the past two years.
On the brighter side, Mr Vieth said that many vehicles bought during the industry’s last boom in 2006 are likely to be replaced this year.
http://www.ft.com/cms/s/0/5abca954-dce3-11dd-a2a9-000077b07658.html
Puhelu 9.1.2008:
Tj:n mukaan lomautusten purkaminen johtui varastojen täyttämisestä aiempaa nopeammin, sahalla ilmeisesti odotettu tilausten jaksottumista vuoden alkuun. Yhtiökohtaisuutta lisää myös, että Saha on erikoistunut ja ”hoitanut hommansa hyvin”. Yleinen markkinatilanne sahoilla on edelleen heikko – arvioi 2008 vuoden Suomen sahuumäärän olevan noin 9.5m kuutiota ja 2009 vuonna putoavan noin 7.5 miljoonaan. Erityisesti sahat, jotka hoitaneet hommansa huonosti tullevat kärsimään. Ruotsalaisilla sahoilla on kilpailuetu heikentyneen kruunun vuoksi.
KL 2.1.2008
Luvian Saha on käynnistänyt tuotantonsa uudelleen runsaan kuukauden tauon jälkeen.
Satakunnan Kansan mukaan yhtiön tuotanto alkaa tässä vaiheessa pyöriä noin 75 prosentin teholla.
– Lomautusten purkaminen mahdollistui kaupan pienen piristymisen ja raaka-aineiden halpenemisen ansiosta. Tilanne on parantunut nimenomaan viennissä ja jatkojalosteiden saralla, sanoo toimitusjohtaja Harri Huhtamaa toteaa.
Luvian Sahan työntekijävahvuus on reilut 130, ja töissä on nyt runsaat sata. Lomautettaviksi jää edelleen niin toimihenkilöitä kuin tuotannollisiakin työntekijöitä.
http://www.kauppalehti.fi/5/i/yritykset/yritysuutiset/?oid=2009/01/17657
The reduction in orders is due to the global economic slowdown, Larne, Northern Ireland-based FG Wilson said in an e-mailed statement today. In December, the company cut 185 temporary jobs.
FG Wilson’s products are not very comparebly to Componenta;ProductsFrom 10 to over 2,200 kVA – from standby domestic use to power modules supplying electricity to national grids – we can meet your power needs
January 07, 2009
Moventas, producer of wind turbine gears and industrial gears, starts negotiations regarding personnel reductions and lay-offs in its Industrial Gears business in Karkkila and Jyväskylä.
The Moventas Industrial Gears business area will adapt its operations and starts negotiations regarding personnel reductions and lay-offs at Moventas Santasalo Oy in Karkkila and Jyväskylä.The extent of reductions and lay-offs will be specified during the negotiations. The need for personnel reduction has been estimated to be around 120 employees.
Industrial gear manufacturer Moventas Santasalo Oy employs 300 persons in Karkkila and 77 persons in Jyväskylä. The results of personnel negotiations will be announced after the statutory negotiation period.
Jukka Jäämaa, President & CEO, Moventas Corporation: “It is very disappointing that we have to start personnel negotiations in Moventas Santasalo Oy. The profitability of Moventas Santasalo Oy is unsatisfactory. Several of our customers’ projects in process industries have been postponed or cancelled during the last months and this has resulted in a weakened outlook in the industrial gears business. Therefore the cost structure of the Industrial Gears business is too heavy and measures have to be taken.”
For further information, please contact:
Jukka Jäämaa, President & CEO, Moventas Oy. Tel. +358 50 526 7665
Ahti Ahonen, Executive vice president, Industrial Gears. Tel. +358 40 506 2361
Moventas
Moventas is one of the leading experts in mechanical power transmission. The company designs, manufactures and markets mechanical power transmission solutions and services for the process and energy industries. In 2007 Moventas generated net sales of 291million Euros, representing 40% growth from the previous year. The company has over 1400 employees in Finland, Germany, Sweden, Canada, the USA, Singapore and China. European private equity investor IK Investment Partners holds the majority of the shares in Moventas.
Porsche on Tuesday came closer to its goal of controlling a €130bn ($175bn) European car and truck empire as it increased its stake in Volkswagen to more than 50 per cent, sparking a mandatory takeover offer for the truckmaker Scania.
Porsche, the financially nimble German sports carmaker that builds only a 60th of the cars of VW, reiterated that it had no strategic interest in Sweden’s Scania and was likely to make a low offer.’
VW owns 69 per cent of Scania, and Porsche is now required by Swedish law to make a mandatory offer for the truckmaker.
Swedish regulators are expected to name the bid price for Porsche shortly. After a period of at most five weeks, shareholders in Scania should receive the published bid.
Porsche’s takeover offer for Scania is likely to be about 15 per cent under the current share price, according to analysts at Morgan Stanley.
Porsche has hinted that any shares it would gain in the offer would be sold on to VW. That would mirror the approach Porsche took when forced to bid for Audi, the luxury car unit of VW that has a small free float.
The increase of Porsche’s stake in VW, Europe’s largest carmaker, from 42 to 50 per cent moves the drama surrounding many of Europe’s biggest names in cars and trucks forward a step, but a lot remains to be decided.
Porsche will be in control of not just VW’s well-known stable of car brands, ranging from Bugatti and Lamborghini to Skoda and Seat, but also Scania and its German rival, MAN, in which VW has a controlling stake of nearly 30 per cent.
Industry executives and analysts expect MAN and Scania to merge one day, especially as MAN owns about 20 per cent of its Swedish rival. But, following MAN’s purchase late last year of VW’s truck assets, it is unclear what the complicated structure will look like.
Porsche is also blocked from gaining full control at VW by the German regional government of Lower Saxony, which holds a blocking minority stake of 20 per cent.
It is supporting a challenge to the legality of that blocking minority in the European courts, but a decision could be more than a year away.
Porsche needs 75 per cent to enforce a domination agreement on VW, which would give it access to VW’s large cash flows.
Porsche caused turmoil in the markets last year when the carmaker revealed it held nearly 75 per cent through a direct stake and share options. But it waited several months, until VW’s shares fell from a high of €1,005 to about €250, before increasing its stake to 50.8 per cent.
Porsche officials have given conflicting signals as to when the company could take a 75 per cent stake, with some suggesting it would come this year while others say it would wait for the European court decision.
SAO PAULO, Dec. 25, 2008 (Viewpoint) – Across much of Latin America, the past few years have seen strong aggregate demand growth, relatively low interest rates, better controlled inflation and direct foreign investment flowing into the region. While many of these improvements were driven purely by local developments, the strong international economic climate over this period certainly played an important role as well, especially strong global prices for Latin America’s raw material exports. So, although the international economic downturn is not likely to affect the region’s economies as severely as has historically happened, the reduction of credit availability and falling commodities prices will expose significant Latin American economic weakness in 2009.
Latin American demand for paper and paperboard accelerated in 2008, due to the optimism in local markets during the first half of the year, consumer inventory purchasing and strong print advertising. But the global financial crisis has affected paper demand throughout the world and the situation is no different in Latin America.
The global economic crisis started affecting containerboard and boxboard demand in the last quarter of 2008. The segments of the paper packaging industry that experienced a decline in demand include those related to sales in supermarkets, such as food and hygienic and cleaning products. Demand for boxboard and packaging papers has been weaker as consumer product companies have been working off these inventories. This has lead to high cartonboard inventories for producers that supply these segments. Graphic paper inventories have also been building as a result of weakness in advertising in magazines and commercial printing.
However, it is also true that an economic downturn can change consumption habits in ways that support demand for paper and packaging. For example, some people will reduce consumption of durable goods and increase consumption of nondurable goods, which use more packaging relative to the value of the product. People will spend less money eating in restaurants, but will buy more packaged and foods, such as hamburger and pasta, to eat at home, thus increasing cartonboard consumption. Still, for the coming months, market participants seem to be very apprehensive about what is going to happen given the weakness of the global markets.
One of the major dramatic impacts of the global crisis on Latin America has been the correction in exchanges rates. The Brazilian Real has depreciated 30% against the US dollar, for example. It is fair to say that the recent weakening of the local currencies will help to minimize the share of imports in the trade balance, and, consequently, the high cost of imported paper will cause consumers to drain existing inventories and cut back on any potential inventory buying in the next year. Paper and paperboard net imports into Latin America are already on pace to decline by 5% in 2008, and total 6.2 million tonnes for the year.
It is difficult to anticipate how exactly the ongoing turbulence in financial markets will proceed and how this will impact Latin America. Our most recent projections show that total Latin American paper and paperboard demand growing by just 2% in 2009, down from 5% in 2007 and an estimated 4% in 2008. Demand growth is expected to pick up modestly during 2010. Apparent consumption is expected to surpass 30 million tonnes by 2013, after registering a 2.7% average annual pace from 2009 onward.
Even though the Latin America paper market is growing, has high operating rates and is highly dependent upon imports, investments in capacity expansion in Latin America has for the most part been limited to smaller rebuilds of existing paper machines. There have been some major investments in Brazil, however, such as the new 350,000-tonnes-per-year boxboard machine at Klabin’s Monte Alegre mill, which started in 2007, and International Paper’s new 200,000-tonnes-per-year uncoated woodfree paper machine scheduled to start up next quarter. The main reason for the lack of large investment is the low capital availability because any available capital is allocated to the market pulp business which maximizes the return on investment. The strength in local currencies has also played a key role. With the currencies having corrected, at least for now, paper and paperboard capacity is expected to accelerate, advancing at a 4.5% annual average pace in the next five years, up from the 3.0% average rate observed since the beginning of the decade.
Dec. 19 (Bloomberg) — Komatsu Ltd., the world’s second- largest maker of earthmovers, will slash capital spending on facilities used to make construction and mining equipment due to the severe business outlook, Executive Officer Kunio Noji said.
The Tokyo-based company will spend about 30 billion yen ($338.8 million) on plant and equipment used to produce construction and mining machinery, which accounts for 85 percent of annual revenue, Chief Executive Officer Kunio Noji said in an interview. Komatsu invested a record 70 billion yen in this business in the current period.
“We’ll need about 30 billion yen to maintain safety levels and replace old machines, but we won’t invest to expand output,” Noji, 62, said in the interview in Tokyo. “These tough times will probably continue next fiscal year.”
The slumping global economy and strong yen are threatening Tokyo-based Komatsu’s earnings outlook. Komatsu was targeting a fifth straight year of record profits this year until the effects of the global credit crisis undermined demand for construction and mining equipment, prompting the company to cut its forecasts on Oct. 29.
The company now expects to earn 2.38 trillion yen in revenue, 300 billion in operating profit and 190 billion yen in net profit.
Komatsu shares fell 4.5 percent to 1,073 yen on the Tokyo Stock Exchange
