For its fiscal fourth-quarter 2016 (to 2 July, a 14 week quarter), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $125.2m, up 24% on $101.1m last ...
Tags: Oclaro, optical communications, DFB
CCL Industries, a specialty label and packaging solutions for global corporations, small businesses and consumers, reported 2016 second quarter results. Sales for the second quarter of 2016 increased 33.1% to $960.2 million, compared to ...
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
Swedish contract development and manufacturing organization (CDMO) Recipharm plans to invest €18m to boost its blow fill seal (BFS) capacity at its site in Kaysersberg, France. As part of the investment plan, a new blow fill seal ...
American Packaging (APC), a flexible packaging converter in North America, is investing $50m in the first phase of a new satellite facility. Scheduled to be completed in 2017, Phase 1 of the gravure satellite project includes: 26.3 acres ...
Tags: APC, satellite facility, new jobs
New Zealand-based dairy co-operative Fonterra is set to test online sales of its Tip Top ice cream brand in China. The company plans to sell Tip Top ice creams online through TMall platform operated by Chinese e-commerce major Alibaba. ...
Tags: Tip Top ice creams, TMall, Fonterra
McLaren Packaging, which operates from four sites across Scotland has completed a significant investment in its manufacturing capabilities. The company has just finalised a £350k investment in its Stirling-based operation Blue Box ...
Tags: McLaren Packaging, Blue Box Design
Flexible liquid packaging solutions provider Liqui-Box has signed an agreement to acquire both the engineering and flexible operations of South Africa-based Maverick for undisclosed amount. Liqui-Box is a portfolio company of private ...
Tags: Liqui-Box, Flexible Operations
Global ice machine and dispenser manufacturer Ice-O-Matic has launched its new Ozone Delivery System: the O3-Matic. This new groundbreaking device infuses ozone into incoming water, killing microbes on every surface it touches and ...
Tags: Ice-O-Matic, O3-Matic Ozone
IATA’s latest quarterly survey of airline CFO and heads of cargo points to further year-on-year gains in profitability during Q1 2016, following a record year in 2015. However, expectations of further gains in profitability over the ...
Tags: passenger volumes, Airlines
Nordstrom, Inc. (NYSE: JWN) plans to eliminate approximately 350 to 400 positions by the end of the second quarter to reduce costs by approximately $60 million in fiscal 2016. In an announcement Monday, the Seattle company said the cuts ...
Tags: Nordstrom
Eyeking, a maker performance sunglasses, including the licenses for Under Armour Eyewear and Hobie Polarized, named Scott Betty as its new senior vice president of product and design. Betty brings more than 20 years of product and design ...
Tags: Eyeking, Sunglasses, Under Armour Eyewear, Hobie Polarized
Holman Automotive will acquire Kuni Automotive to create one of the largest privately owned dealer networks in the US. The acquisition, expected to be finalized this summer, will create a bi-coastal dealer network with 33 dealerships and ...
German luxury automaker Mercedes-Benz has announced that it will invest €170m for expansion and modernisation of its Kuppenheim press shop. The investment will also create 200 additional jobs at the press shop. Kuppenheim press ...
Tags: Mercedes-Benz, Investment, Kuppenheim press shop, Expansion
Commodities trading company Glencore has entered into definitive agreement with Canada Pension Plan Investment Board (CPPIB) to sell 40% equity interest of Glencore Agricultural Products for $2.5bn in cash transaction. Glencore's ...
Tags: Glencore, Canada Pension Investment Board, CPPIB, Agricultural Products