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 ...
It's reported that the majority of the steel mills in China posted lower profits in steel production in 2012, suffered by high raw material cost, weak market demand and oversupply problem. As results, the profit of steelmakers in Hebei ...
Tags: Steel, Steel Mills
Indian steel giant Tata Steel forecasted that its sales would rise in the fiscal year 2013/14 (during April 1st, 2013 through March 31st, 2014), stimulated by increased demand. It’s learned that steel demand from India and Europe ...
Tags: India, steel giant Tata Steel, fiscal year
China Steel Corp.(CSC),the largest carbon steel producers in Taiwan announced to remain its list prices for electric furnace(EF)Al-killed wire rods unchanged at NT$21,200/ton for next January,in spite of high raw material prices. Also,the ...
Europe's coatings companies, especially the multinational ones, are reasonably confident they can continue to increase their sales in the short- to medium-term, unless the world is plunged into a second recession. But they are much ...
Tags: coating, Europe, recession, sales, interim results
Dutch food group CSM reported a decline in third-quarter profits today (25 October) as one-off costs hit earnings. In the three months to the end of September, EBITA fell to EUR20.9m (US$27.1m) from EUR28.3m a year earlier. One-off ...
Canadian food and drink manufacturer Lassonde Industries has booked an increase in first-half profits. In the six months to the end of June, earnings climbed 16.8% to C$21.6m (US$21.7m). The acquisition of juice firm Clement and Pappas & ...
Tags: food manufacturer, drink manufacturer, profits, food, drink
Belgian food group PinguinLutosa has reported a profit for the first half of its current financial year as it prepares for business without potato division Lutosa. PinguinLutosa, which has agreed to sell Lutosa to McCain Foods, booked a ...
Dow Corning Corp. announced sales of $4.64 billion and net income of $288 million through the first three quarters of 2012. Dow Corning's year-to-date sales and net income were down 5 percent and 47 percent, respectively, compared to 2011 ...
Tags: net income, Polysilicon prices, Polysilicon
Dutch food ingredients firm CSM expects to make a major progress on the sale of its bakery unit by early 2013. The company is currently undertaking preparatory work to divest the unit. CSM's bakery unit, which supplies ready-made muffins ...
Tags: ready-made muffins and croissants, bread and pastry mixes
Lassonde Industries Inc.(TSX:LAS.A)(Lassonde)posted sales of$255.1 million in the third quarter of 2012,a 21.0%increase year over year.Profit attributable to the Company's shareholders for this period totalled$10.3 million,up$2.1 million ...
Tags: Lassonde, fruit juice, fruit drink, financial results
Much of Europe is now in the midst of an economic downturn,which is likely to plunge the region into its second recession in four years. But most of Europe's large and even medium-sized coating companies,as well as many of their raw ...
Tags: A Double-Dip Recession, Economic Downturn, The Coatings Sector
Metsä Wood has posted first-half operating profits of €16m from sales of €471m but the company hinted that its third-quarter performance would be hit by a number of factors. The company said that seasonal fluctuations in ...
Tags: market view, wood
In their annual results for 2011, coatings producers in Europe have been predicting that 2012 will be much the same overall as last year in terms of growth in sales and profits. There would, nonetheless, be one major difference between the ...
Tags: News Update, Industry Trends, coating
The business trend among Scandinavian forestry and timber groups has weakened further overall in the fourth quarter of 2011. Most companies also showed declines in turnover and results from October to December, after the previous two ...
Tags: market view, timber