US food group Campbell Soup Co. has recorded a drop in first-half profits as costs related to its acquisition of Bolthouse Farms hit earnings. Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the ...
VF Corporation reported financial results for its fourth quarter and full year ended December 29, 2012. All per share amounts are presented on a diluted basis. All references to “Timberland” include the Timberland and Smartwool ...
UPM-Kymmene had to put up with an operating loss of €1.350bn in 2012 in spite of a rise in turnover by around 4% to €10,438. In 2011 the group had still booked an operating profit of €459m. UPM-Kymmene blames the losses ...
Tags: UPM-Kymmene, turnover, operating profit
ArcelorMittal South Africa has announced that on Saturday, February 9, a fire occurred at its Vanderbijlpark plant, causing extensive damage to its steelmaking facilities and resulting in their immediate shutdown. No injuries were reported. ...
Tags: Arcelormittal, South Africa, Mineral
Two billion tonnes of food never makes it on a plate – this was the headline that grabbed the nation’s attention mid-January, putting the food industry and its practices under the microscope again, re-igniting the debate on ...
Tags: Christopher McCuin, food, IME
The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's ...
With an all-new Toyota Corolla launched with a $19,990 price tag, we find out which is the best entry-level small car for the money, putting the world’s best selling small car up against the Ford Focus, Hyundai i30 and Mazda3. Words: ...
Tags: Toyota Corolla, Hyundai i30, Mazda3, Ford Focus
Oracle may have had its hands full lately dealing with Java security issues, but the company's acquisition of Java founder Sun Microsystems three years ago this month still has paid off, company President Mark Hurd said. An investment ...
Tags: Oracle, Java security, acquisition, Sun Microsystems
Novozymes acquires Iogen Bio-Products, industrial enzyme business of Ottawa-based Iogen Corporation for CAD 67.5 million (approximately DKK 370 million) and potential earn-out payments of up to CAD 12.5 million (approximately DKK 70 ...
Tags: Novozymes, Bio-Products, enzyme business
On Tuesday, West Chester, Ohio-based flat rolled steelmaker AK Steel reported a net loss of $230.4 million for Q4, following a $60.9 million net loss in Q3 and a $193.9 million loss in Q4 2011. This was AK Steel's sixth consecutive ...
Tags: AK Steel, flat rolled steelmaker, steel
China-based LED firms Sanan Optoelectronics entered the Taiwan market in 2012, heating up competition and causing LED chip prices to fall. Some firms believe Sanan may become relatively slower in improving technology and others believe the ...
Tags: LED firms, LED, LED market
Rattled with economic woes, several Egyptian textile producers are being forced to close down their manufacturing units or operate at reduced capacities due to high cost of imported raw materials and a decline in demand for garments in ...
Tags: Economic Crisis, Egypt, Textile Industry
USAgain, a for-profit textile recycling company, announced that it diverted nearly 58 million pounds of unwanted clothing and shoes last year that would have otherwise been thrown into the trash and ultimately buried in landfills. In ...
Tags: USAgain, textile recycling, Clothing, Shoes
In 2012, Sika lifted sales by 5.8% to CHF 4.82 billion. This was largely attributable to Sika's strong global presence, which enabled the company to offset fall-offs in demand in European markets. 10.7% growth was achieved in the emerging ...
Portland, Oregon-based Schnitzer Steel Industries reported Tuesday adjusted operating income of $3 million and a loss per share of $0.02 for its fiscal 2013 Q1 ended November 30, 2012. During Q1, export and domestic sales prices for ...
Tags: Portland, Schnitzer Steel Industries, operating income, fiscal 2013 Q1