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restructuring process
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Banks Have Begun Restructuring The Loans Worth Around INR 1,300 Crore
Dec 14, 2012Following the go ahead by the Reserve Bank, banks have begun restructuring the loans worth around INR 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines. The Goa Chamber of Commerce and ...
Tags: mining sector, iron ore miners, Loan servicing, Mining
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Judge Says Vitro Worked to Prevent Creditors From Collecting Funds
Dec 10, 2012An opinion handed down by Judge Harlan Hale in the U.S.Bankruptcy Court for the Northern District of Texas orders 10 units of Vitro SAB be put into involuntary bankruptcy.In the opinion written Tuesday,Binswanger Glass Co.and VVP Auto Glass ...
Tags: bankruptcy, involuntary bankruptcy, VVP Auto Glass Inc
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Vitro Announced 3Q'12 Unaudited Results Net Sales Rose 4.7%,Ebitda Increased 24.7%
Dec 6, 2012Vitro, S.A.B. de C.V. (BMV: VITROA) (“Vitro” or the “Company”), one of the world's largest producers and distributors of glass products, today announced 3Q’12 unaudited results. Third Quarter 2012 ...
Tags: EBITDA, Vitro, glass products, sales
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Albany International France S.A.S. Initiated Discussions with The Employee Works Council
Nov 29, 2012ROCHESTER, N.H. - November 21, 2012 - Albany International Corp. (NYSE:AIN) announced today that its subsidiary, Albany International France S.A.S., has initiated discussions with the employee Works Council regarding a proposal to ...
Tags: Clothing production facilities, Clothing market, Clothing Machine
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Albany Has Initiated Discussions with The Employee to Restructure Operations
Nov 28, 2012Albany International Corp. announced that its subsidiary, Albany International France S.A.S., has initiated discussions with the employee Works Council regarding a proposal to restructure operations at the Company’s Machine Clothing ...
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UPM-Kymmene Achieved an Improved Operating Profit
Nov 14, 2012Finnish timber-giant UPM-Kymmene achieved an improved operating profit of m in its Forest and Timber business division in spite of lower sales and shipments in the third quarter. Without consideration of extraordinarycosts for the ongoing ...
Tags: market view, timber
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Apple Pays Two Per Cent Corporation Tax Outside US in Its Form 10-K Filing with The US
Nov 5, 2012Apple,the world's most valuable firm,has revealed that it Securities and Exchange Commission(SEC).To put this into context,the UK corporation tax rate is 24 per cent,while Germany's is 29.48 per cent and China's is 25 per cent. The form ...
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Holcim Is to Close Its Cement Factory in The Hungarian City of Labatlan by Next Year
Oct 11, 2012Holcim is to close its cement factory in the Hungarian city of Labatlan (N Hungary) by next year, communications director of Holcim Hungaria Zrt., Iren Marta told local press on Monday. According to reports in MTI, Holcim originally planned ...
Tags: market view, cement
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The French Maritime-Pine Plywood Manufacturer Rolpin Aims to Take Over Xilofrance
May 3, 2012The French maritime-pine plywood manufacturer Rolpin aims to take over Xilofrance, a company which has been the subject of a court restructuring process (“procédure de sauvegarde”) since August 2011. According to Benoit ...
Tags: market view, plywood
