In March this year, seasonally-adjusted industrial production increased by one percent in the euro area and by 0.9 percent in the EU-27, as compared with February, when production had increased by 0.3 percent month on month in both zones. ...
Tags: Industrial Output, Mineral
Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed in 2011, has announced its financial results for the first quarter of 2013. In the first quarter, Aperam ...
Tags: Aperam Records, Mineral
The world's largest steelmaker Luxembourg-based ArcelorMittal has announced that it is targeting cost cuts of $3 billion by the end of 2015. As of March this year, the company had achieved $200 million in cost improvements. According to ...
Tags: Arcelormittal, Mineral
Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
The largest ever gathering of Lamborghini supercars will set off in Italy today, as 350 cars take part in the brand’s 50th anniversary grand tour from Milan to the Raging Bull’s headquarters in Sant’Agata Bolognese. ...
Tags: Lamborghini, sport cars
Paccor, Britton Group, Kobusch and Paragon Print & Packaging will merge with Luxembourg-based Exopack Holdings Sarl, Paccor announced in a statement Monday. After the merger, the combined business will have 63 plants, 8,650 employees and ...
Tenaris, Luxembourg-based energy pipe and tube maker launched its financial results for the quarter of this year. The company posted a net profit of US$423 million for the first quarter of this year, falling by 6% year on year. In the first ...
Tags: energy pipe, tube maker
Indian flexible packaging films producer Jindal Poly Films has announced the acquisition of the Global biaxially-oriented polypropylene (BOPP) films business of the US-based ExxonMobil Chemical for about $235m. With the latest ...
Tags: Packaging Films, Packaging
Luxembourg-based tubular producer Tenaris reportedly has predicted that the demand of pipes consumption was likely to remain sluggish in 2013. However, Tenaris expects to make product mix improvements to help offset the impact of lower ...
Tags: Tenaris, Tubes Market
Luxembourg-based energy pipe and tube manufacturer Tenaris has announced its financial results for the first quarter of 2013, registering a net profit of $423 million, down six percent compared to the corresponding quarter of 2012. In the ...
Tags: Tenaris, Net Profit
The business will be headquartered in Luxembourg and will comprise Britton Group, Paragon Print & Packaging, Paccor, Kobusch and Exopack, creating a plastics business with both rigids and flexibles operations in 70 countries and turnover of ...
Tags: Global Plastics Giant, Packaging
Private equity firm Sun Capital Partners has announced merging of five of its plastic packaging portfolio companies to form a single company Exopack Holdings, which will be based in Luxembourg. The combined revenue of all the merging ...
Tags: Sun Capital, Plastic Packaging
The overall tax-to-GDP ratio, meaning the sum of taxes and social contributions in % of GDP, in the EU27 stood at 38.8% in 2011, from 38.3% in 2010 and 38.4% in 2009. The overall tax ratio in the euro area (EA17) increased to 39.5% in 2011, ...
Tags: European Union, Tax-to-GDP
On April 30, Eurostat, the Statistical Office of the European Communities, reported that in March this year the seasonally adjusted unemployment rate in the European Union member states (EU-27) was 10.9 percent, unchanged from February. The ...
Tags: Mineral, EU-27 Unemployment
Luxembourg-based steelmaker ArcelorMittal has announced that its Romanian unit ArcelorMittal Galati will supply 7,500 mt of steel plates for a new, 32-tower wind farm in Romania, which has the potential to generate the most megawatts of any ...
Tags: Wind Farm, Metallurgy, Mineral, Energy