Marel has reached an agreement on the sale of its Scanvaegt Norfo sawing system division in Bornholm Denmark to Nienstedt G.m.b.H. The transaction price is at the request of Nienstedt G.m.b.H. kept confidential. While the sale will have an insignificant effect on the turnover and profit of Marel Food Systems in 2008, it is nevertheless important in terms of sharpening the focus on the company’s core activities. Under the agreement, Nienstedt G.m.b.H will be offering customer support to the Norfo sawing system equipment already in service.
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.
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