The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital intensive and competitive nature of the steel industry. Steel margins are relatively weak and in our ...
Tags: OAO Severstal, steel industry, Russia, steel
US-based Consolidated Container Company (CCC) has announced its proposal to buy all of the assets of Roffe Container, a plastic container manufacturer in Moorhead, Minnesota, US. CCC, which develops and manufactures rigid plastic ...
Tags: CCC, Roffe Container, US
Talks between Woolworths and Australia's competition watchdog over the creation of a streamlined acquisition process have collapsed with the retailer arguing it should apply to all industry participants. A statement by the Australian ...
Tags: hardware, liquor, supermarkets, Woolworths
Oldest surviving Ford production car, a 1903 Model A, recently purchased at auction by Bill Ford; car unveiled as part of an employee event to kick off the 150th anniversary celebration of Henry Ford's birth in 2013. The 1903 Model A was ...
Tags: ford 150 anniversary, ford anniversary, Ford vehicle, henry ford
Labels multinational CCL Industries is to acquire John Watson & Co, the Scottish spirits label specialist The acquisition is not expected to complete until the start of 2014 and the cost of the transaction will depend ...
Russian meat processor Cherkizovo has reported a jump in first-half earnings as profits from each of its three businesses increased. Net income was up 56% to RUB2.95bn (US$94.4m) for the period to the end of June. Operating income ...
Tags: Meat, meat processor, Net income, meat processing
ON BSE,0.653 million shares were traded in the counter as against average daily volume of 1.194 million shares in the past one quarter. The stock hit a high of INR 139.90 and a low of INR 136.90 so far during the day.The stock had hit a ...
Tags: BSE, Hindalco, Aditya Birla, aluminium rolling
Netherlands insurer Achmea Insurance Group has implemented Sapiens IDIT software suite for conducting core general insurance business in Australia. Selection follows the company's decision to deploy Sapiens IDIT as the strategic software ...
Tags: insurer, software suite, core general insurance business
US convenience retailer Casey's General Stores has signed a deal to acquire 22 convenience stores from US retailer Kum & Go. The outlets are located in Iowa, Missouri and North Dakota. "These stores are an excellent fit to our existing ...
World Bank Group’s member, International Finance Corporation (IFC) plans to invest around $45m in SRF Industries (Thailand) and another $40m in the company’s South African business. The proposed investment in the Thailand's ...
Tags: Foreign Arms, bi-axially-oriented polyethylene terephthalate
Germany-based fast moving consumer goods (FMCG) has announced plans to set up a greenfield facility for manufacturing flexible packaging material and haircare productsfor manufacturing flexible packaging material and haircare products. ...
Tags: Henkel, Packaging Material, flexible packaging material
BS reported that TATA Steel, which is developing a 6 million tonne Greenfield steel plant at Kalinganagar in Jajpur district of Odisha, hopes to commission first phase of the project with a capacity of 3 million tonne by August 2014. Mr ...
Fixed asset investment in China's refining industry totaled Yuan 130 billion ($20.9 billion) from January to October, the National Development and Reform Commission said on its website Thursday. This was an 18.2% increase from the same ...
Tags: refining industry, China's refining industry, Refinery Sector Investment
Givaudan has opened a new a savoury flavours production facility in Makó,Hungary,with an investment of€130m. The 50,000m2 facility has a total capacity of 40,000 tonnes and commercial production is expected to begin in the ...
Tags: flavours, investment, growth strategy
Invista has entered into a development agreement with biotechnology firm LanzaTech for bio-based butadiene, a chemical used in the production of various plastics. The companies will jointly work on projects to develop one-step and ...