The relentless rise in raw materials costs, which has been hitting European coatings producers over the last 2-3 years, has at last been easing. But the relief from the constant pressure of rising input prices may be short lived. The ...
Tags: raw materials costs, European coatings producers, input prices
US food manufacturer Lancaster Colony has recorded an increase in first-half profits, boosted by sales growth in both of its divisions. Earnings in the six months to the end of December amounted to US$61.9m, a 20% increase on the ...
US meat giant Tyson Foods said fiscal 2013 is off to "a good start" after it booked an increase in first-quarter earnings. Net profit in the three months ended 29 December amounted to US$173m, an 11% increase on last year, it reported ...
Tags: Tyson Foods, meat giant, profits
Emirates Fibre, a subsidiary of bedding material producer Safetex Group, recently commissioned its polyester staple fibre (PSF) plant. Emirates Fibre hopes to cater to demand from the domestic market and the region. “The US$ 10 ...
Tags: Emirates Fibre, polyester staple fibre, bedding producers
On January 31, Beijing-based Chinese steelmaker Shougang Co., Ltd issued its preliminary financial results for 2012. Accordingly, Shougang has posted an estimated net loss of RMB 300-400 million ($48-64 million) for 2012, compared to a ...
Tags: Beijing, steelmaker, Shougang, preliminary financial results
On January 31, Shandong Province-based Shandong Iron and Steel Co. issued its anticipated financial results for 2012. Accordingly, Shandong Steel has estimated a net loss of RMB 3.57 billion ($568 million) for 2012, compared to a net ...
Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has issued its estimated financial results for 2012, announcing a total net loss of RMB 4.16 billion ($662 million), compared with a net loss of RMB 2.146 billion in ...
Tags: Ansteel, steelmaker, steel prices
On January 31, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co., Ltd issued its preliminary financial results for 2012. Accordingly, Hebei Steel has posted an estimated net profit of RMB 13.8-345.7 million ($2.2- 55 ...
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On January 31, Qinghai Province-based Chinese steelmaker Xining Special Steel Co. issued its estimated financial results for 2012. Accordingly, Xining Special Steel has estimated a net profit of RMB 20-50 million ($3.2-8.1 million) for ...
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On January 31, Anhui Province-based Chinese steelmaker Ma’anshan Iron and Steel Co. (Masteel) issued its anticipated financial results for 2012. Accordingly, Ma’anshan Steel has estimated a net loss of RMB 3.72-3.95 billion ...
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On Tuesday, Nucor Corporation announced net earnings of $504.6 million for the full year 2012, down from $778.2 million in 2011. Meanwhile, Q4 2012 income totaled $136.9 million, down slightly from net earnings of $137.1 million in Q4 2011 ...
Tags: Nucor Corporation, scrap, Steel mill
Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Group Co. has issued its estimated financial results for 2012, indicating a net loss in the range of RMB 3.1-3.3 billion ($494-525 million), compared to a net profit of RMB ...
On January 29, Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Co., Ltd issued its financial results for 2012. Accordingly, Liuzhou Steel has posted an estimated net profit of RMB 121 million ($19 million) ...
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It’s reported that the Korean steel giant Posco announced that its net profits slumped by 45% year on year to KRW561 billion in the fourth quarter of 2012. In the fourth quarter of 2012, Posco realized sales revenues of KRW15.06 ...
South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced that in the fourth quarter of 2012 its net profit decreased by 45 percent to KRW 561 billion ($518 million), compared to the same quarter of the previous year. The ...
Tags: steelmaker, net profit, steel industry