Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, semiconductor and optical industries) has announced plans to cease all production activities at its plant in Penang, ...
Tags: Rubicon, Malaysia plant, PSS
TDK Corporation and Toshiba Corporation have agreed to establish a joint venture, TDK Automotive Technologies Corporation, to develop and manufacture automotive inverters for hybrid vehicles, plug-in hybrids and electric vehicles. I. ...
Tags: TDK, Toshiba, joint venture
At a time when dairy companies have struggled with the continued European oversupply of milk, Arla has strengthened the quality and profitability of its business. Arla’s strategic branded sales grew 6.1 per cent in the first half of ...
Tags: Arla, dairy, positive results
The US Department of Agriculture (USDA) will support dairy producers by buying around 11 million pounds of cheese at $20m through its Margin Protection Program (MPP). The announcement from USDA is aimed at reducing a cheese surplus which ...
Tags: USDA, dairy producers, MPP
Hung Hing Printing Group announced its interim results for the six months ended 30 June 2016, reporting a 6.2% decline in revenue to HK$1,323 million. Book and Package Printing, the Group’s largest business unit, and the Paper ...
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. ...
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
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
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
The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
Swiss chocolate company Lindt & Sprungli has opened a new $60m facility at Marsden Park in Sydney, as part of its plans to capitalize on the chocolate makers strong growth in the Australian market. The purpose built facility, which is ...
The A2 Milk Company has revised its expected profits for the 12 months ended 30 June 2016. It now expects its revenue to be between NZ $350 million – $360 million. It also expects its earnings before interest, taxes, depreciation ...
Tags: A2 Milk, infant formula
Makers in the handset supply chains in Taiwan and China are becoming more conservative about building up inventories for parts and components due to intensifying competition in the China market as a result of the release of the iPhone SE, ...
Tags: handset, iPhone, camera modules
Kingsdown, Inc. has announced that they have signed a lease for a new, 7,800-square-foot showroom at the International Home Furnishings Center at M-528 in High Point. The new space is being remodeled to showcase the latest sleep technology ...
Tags: Kingsdown, International Furnishings Centre, High Point Market