Indorama Ventures Public Company Limited (IVL), the world’s leading vertically integrated Polyester Value Chain producer, has successfully completed the refinancing of a US$640 million term loan for its business in the U.S.A. The ...
Tags: Indorama Ventures, Textile
Indian polyester yarn makers witnessed a sharp drop in their bottom-line during second quarter ended September 2013, hit by rise in prices of raw materials such as Purified Terephthalic Acid (PTA) and Monoethylene Glycol (MEG), which the ...
Tags: polyester yarn, High Raw Material
Following an announcement in June this year, AkzoNobel has agreed to the sale of 67 of its 72 German decorative paints stores to five independent wholesale distributors. Financial details were not disclosed. As a result of the ...
Tags: decoration, paints
Chiyoda Corporation (“Chiyoda”) (TSE: 6366; ISIN: JP3528600004), one of Japan’s leading engineering and construction firms, announces that its subsidiary in Qatar, Chiyoda Almana Engineering LLC (“Chiyoda ...
December US monoethylene glycol contracts will move lower following a decrease in benchmark price announcements by several major producers. US contracts for fiber and polyethylene terephthalate makers were assessed at 49.25 cents/lb ...
Tags: Monoethylene Glycol, Moving Lower
HP is to axe 1,124 UK jobs at the start of 2014 in a move that union Unite claimed was a result of "a long-term addiction to a culture of job cuts". The systems giant is cutting 29,000 jobs worldwide - some eight per cent of its workforce ...
While Chinese polyester players are emerging as "too big to fail", their closest rivals from India have hit the slowdown wall as they struggle with poor economies of scale in the event of weak demand from major markets like Europe. The ...
HP's fourth quarter results saw its shares jump seven per cent, after sales in its enterprise division grew, reinforcing CEO Meg Whitman's belief that revenue lost from HP's ailingPC business can be clawed back by the enterprise group. ...
Hewlett-Packard reported results for the last quarter of its fiscal year on Tuesday, and although sales were down from a year earlier there were some much-needed signs of improvement. HP's enterprise division, which sells servers, storage ...
Tags: Hp, Improvement, sales growth
Salesforce1 is nothing more than an attempt by Salesforce to smooth over its customer message in the face of falling share value, a Gartner analyst has accused. Speaking to Computing at Salesforce's Dreamforce 2013 conference in San ...
Tags: Dreamforce, salesforce1, branding, exercise, Gartner
Indorama Ventures Public Company Limited (IVL), the world’s largest Polyester value chain company, saw an improvement in its business in the third quarter of 2013, with revenue climbing by 11% to US$1.9 billion from US$1.7 billion in ...
Tags: Polyester
Ethylene glycol manufacturer MEGlobal has kept its Asian Contract Price (ACP) for monoethylene glycol (MEG) for November 2013 unchanged at October contract prices. The company has announced its Asian contract price for MEG at US$ ...
Bioplastics are emerging as viable alternatives to petroleum-based polymers. This quiet revolution goes well beyond the standard drivers for sustainably sourced and/or compostable materials. I attended the 2013 BioPlastek conference in San ...
Tags: Bioplastic Revolution
It doesn’t take much to please Hewlett-Packard’s investors these days. HP confirmed Wednesday that its revenue will decline slightly next year, but the mention of “pockets of growth” sent hearts aflutter. HP is ...
Tags: HP, Hewlett-Packard
MEGlobal on Monday nominated its October Asian contract price for monoethylene glycol at $1,220/mt CFR, up $10 from its price for September, a company source said in an email. The October ACP reflects the short-term supply and demand ...
Tags: Chemicals