AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) reported fourth quarter 2013 revenue of $284.0 million, a 3% increase from $275.2 million in the fourth quarter 2012. EBITDA decreased 45% to ...
Tags: AMG Advanced Metallurgical, EBITDA
CP Kelco, a US-based specialty hydrocolloids producer, plans to expand its manufacturing facility in Limeira, Brazil, to meet the fast-growing global demand for pectin. The plans come on the heels of the company's projects underway at ...
Tags: Pectin Production, Limeira Plant
American automaker General Motors (GM) is set to invest EUR250m in its GM Manufacturing Poland plant in Tychy for production of a new generation midsize diesel engine family. With this new investment, the company will set up additional ...
Tags: General Motors, Engine Production
The Management Board of Henkel AG&Co.KGaA has decided in its meeting to propose a future dividend payout ratio of between 25 and 35 percent of net income after non-controlling interests and adjusted for exceptional items,depending on ...
French steel pipe producer Vallourec has announced that it has inaugurated its new premium finishing plant for oil and gas tubes (OCTG) in Dammam, Saudi Arabia. The new finishing plant built with a total investment of $200 million will ...
As President and CEO of GAZ Group Vadim Sorokin will be in charge of strategic and operational management of the Company. In parallel he will also stay at the helm of LCV Division. Mr. Sorokin has been working in GAZ Group since 2008. ...
Tags: Transportation, Auto Parts
German automaker Audi is set to invest EUR22bn to develop new models, innovations and for the expansion of the worldwide production network between 2014 and 2018. Almost 70% of the investment is intended for new models and technologies. ...
Tags: Audi, Vehicle Development
Rosneft announces that it signed an agreement with NOVATEK to swap assets. 40% of shares in Artic Russia B.V. held by Rosneft will be swapped for 51% shares in Sibneftegas held by NOVATEK. The transaction does not involve any cash payments. ...
OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Board of Directors of Yamal LNG approved a final investment decision (“FID”) for the Yamal LNG project, consisting of the development ...
German automakerC has entered into agreement with Aston Martin Lagonda for a technical partnership between Daimler, its subsidiary Mercedes-AMG, and Aston Martin. This agreement follows the signing of a letter of intent in July 2013 ...
Tags: Daimler, Aston Martin, Technical Partnership
Following several negotiation sessions, the Management Board and Works Council of Lenzing AG agreed on a comprehensive package of social measures designed to cushion the effects of the recently announced cost reduction plan. A ...
Tags: Redundancy Program, Textile
Henkel successfully completed the refinancing and amendment of two credit facilities with a total amount of 1,500 million euros. The transaction includes the replacement of the company's 700 million euros revolving credit facility with a ...
Tags: Henkel, refinancing, credit facilities
German carmaker Mercedes-Benz has commenced the production of GLA compact premium SUV at its Rastatt plant in Germany. The company has rolled out the first GLA off the production line. This new car expands the carmaker's product line ...
Tags: Mercedes-Benz, GLA Car Production
On December 2, 2013 Igor Sechin, Rosneft President and Chairman of the Management Board, and Arthur Alaverdyan, President of Oil Techno, signed a Shareholder Agreement as part of the plan to set up a joint venture. The JV’s primary ...
The scent of diesel, rusting anchors and fish slurry hung in the humid air of the harbor. I was in Puntarenas on the western shore of Costa Rica, waiting to leave on a scuba-diving trip to Cocos Island – often called an "underwater ...
Tags: Costa Rica, Agriculture