Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...
Tags: steel production, overcapacity
Operating profit excluding special items was strong at $97m despite the third quarter being seasonally the weakest due to the summer holiday period in the northern hemisphere and the scheduling of annual maintenance work during the period. ...
Sun Chemical has agreed to acquire Flint Group’s European publication gravure ink business. Flint Group has decided to divest its European publication gravure business, as part of the long-term strategy to increase focus on its core ...
Tags: Sun Chemical, gravure ink, core web offset
Mondi announced half-yearly results for the six months ended 30 June 2016. Highlights Continued strong financial performance on all key metrics Underlying operating profit of €529 million, up 8% Underlying earnings of ...
Tags: metricsUnderlying, Uncoated Fine Paper, Fibre Packaging
Frigoglass SAIC announces audited results for the quarter and six months ended 30 June 2016. Second Quarter 2016 Highlights Sustained recovery in West Europe (+27% y-o-y) driven by ICOOL’s penetration in Coca-Cola bottlersOngoing ...
Tags: Frigoglass SAIC, beer market, Glass business
For second-quarter 2016, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $75.3m, down 8.6% on $78m last quarter and 42.7% on $131.4m a year ago, consistent with ...
Tags: Veeco, LED industry
Silgan, a supplier of rigid packaging for shelf-stable food and other consumer goods products, reported second quarter 2016 net income of $33.3m, or $0.55 per diluted share, as compared to second quarter 2015 net income of $42.2m, or $0.70 ...
Tags: rigid packaging, shelf-stable food
UK-based packaging company Macfarlane Group has agreed to acquire Leicester based Nelsons for Cartons and Packaging (Nelsons) for a maximum of £6.75m. The deal, which is subject to certain trading conditions, is part of ...
Tags: Macfarlane Group, Macfarlane
Coveris Holdings, a portfolio company of funds advised by Sun Capital Partners, announced that it has received the necessary consents to certain proposed amendments to Coveris’ existing senior secured term loan facility, which will ...
Tags: Coveris Holdings, term loan
Avery Dennison Corporation announced preliminary, unaudited results for its second quarter ended 2 July 2016. All non-GAAP financial measures referenced in this document are reconciled to GAAP in the attached tables. Unless otherwise ...
Tags: Avery Dennison
French dairy giant The Bel Group has agreed to engage in exclusive negotiations to acquire a majority stake in fruit snacks and dessert maker MOM Group. Owned by a private equity LBO France, the MOM Group has significant presence in the ...
Daimler has trialed a semi-autonomous Mercedes-Benz bus on a 20km drive through Amsterdam in the Netherlands. The Future Bus undertook a manned trip via a section of a bus rapid transit (BRT) line at speeds of about 70km/h using the ...
Tags: Daimler, Semi-Autonomous, Mercedes-Benz Bus
Ford Motor and the Massachusetts Institute of Technology (MIT) are working together on a new research project that measures how pedestrians move in urban areas to improve certain public transportation services for ride-hailing and ...
Tags: Ford Motor, Electric Shuttles
Tokyo-based Solar Frontier – the largest manufacturer of CIS (copper indium selenium) thin-film photovoltaic (PV) solar modules – has provided solar panels to Projecto YOSI, an organization working to keep Bolivia's Salar de ...
Tags: Solar Frontier, Solar Panels, PV
Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) says that its board of directors has declared a quarterly cash dividend of $0.28 per share of common stock (an 8% increase from the prior ...
Tags: Skyworks, semiconductors