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Kyro Corporation to merge two subsidiaries.

NORDIC BUSINESS REPORT-31 May 2006-Kyro Corporation to merge two subsidiaries(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish safety glass technology and energy group Kyro Corporation said on Wednesday (31 May) that it would merge the operations of Tamglass Insulating Glass Ltd and Tamglass Safety Glass Ltd.

Behind the arrangement is the need to boost both companies' production by reducing fixed costs and improving the productivity of personnel, production units and machinery.

The need for reductions is estimated to be 5-7 people out of 25 administrative staff.

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Title Annotation:Tamglass Safety Glass Ltd., Tamglass Insulating Glass Ltd.
Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUFI
Date:May 31, 2006
Words:101
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