SecoTools: Changed Global Manufacturing Structure.STOCKHOLM, Sweden -- In order to further strengthen the global competitiveness of Seco Tools (STO:SECOB) products and services, the number of global production units for cemented carbide carbide, any one of a group of compounds that contain carbon and one other element that is either a metal, boron, or silicon. Generally, a carbide is prepared by heating a metal, metal oxide, or metal hydride with carbon or a carbon compound. products will be reduced while at the same time the capability to serve local demand for specific customer designed tooling will be reinforced. A decision has been made to discontinue the carbide manufacturing in Warren, US, by mid 2006. The change will affect up to 100 people. The global production will principally be concentrated to the carbide plants in Czechia and Sweden. Administrative and warehousing units presently located in Warren will continue to operate from the Warren facility. Steel Tooling manufacture for NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's will remain unchanged in Lenoir City, Tennessee Lenoir City is a city in Loudon County, Tennessee, United States. Its population was 6,819 at the 2000 U.S. census. It is included in the Knoxville, Tennessee Metropolitan Statistical Area. Lenoir City is located in eastern Tennessee, southwest of Knoxville, on the Tennessee River. . "2005 was a record year for Seco Carboloy in NAFTA, which we view as a key growth region for the Seco Tools Group. A further increase of Seco Carboloy's support capability to serve customer requirements while at the same time utilizing state of the art global production technology is imperative for further strengthening our market position" says CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Kai kai Noun NZ informal food [Maori] kai noun N.Z. (informal) food, grub (slang) provisions, fare, board, commons, eats (slang Warn. Fagersta, Sweden, April 10, 2006 SECO TOOLS AB; (publ) Kai Warn President and CEO Previously published information can be found under the heading "Investor Relations Investor relations The process by which the corporation communicates with its investors. " on Seco Tools' website (www.secotools.com). Seco Tools AB's corporate registration number is 556071-1060 and the company's address is Seco Tools AB, SE-737 82 Fagersta, Sweden. The telephone number to the group head office is +46 (0)223-400 00. This information was brought to you by Waymaker http://www.waymaker.net |
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