![]() ![]() ![]() ![]() The changes take place in Asia and Europe, in machine tools and other businesses. At worldwide exhibitions in the latter half of 2016 (IMTS, Chicago AMB, Stuttgart JIMTOF, Japan) the company has launched models of the successors to the ecoLine series: modular, configurable CMX milling machines and CLX lathes. The days are numbered for the DMG Mori’s ecoLine budget range. The document continues: “We have decided to reorganise our global production capacity, following the exit from our middle-class product ecoLine series, and in order to respond more flexibly to the fluctuation of foreign exchanges.” A third-quarter 2016 consolidated financial results Q&A document from early November explained that the former deal proved impractical for the Japanese Co: “It was still difficult for our company to directly control AG, both operationally and financially, under the German governance regulations, which delayed optimisation of management resources.” The reason for this action, less than two years after the Co had acquired 50% voting rights in the AG through a 52% stake, was control. In August, Japan-headquartered DMG Mori Co’s “Domination, Profit and Loss Transfer Agreement” with German firm DMG Mori AG became effective, after the former amassed a 76.03% stake in the AG. As a result, the company has posted a one-off charge for this “clean-up of negative legacies” of JPY 13 billion (£100 million) in the current financial year.įirst, the integration. ![]()
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