After the exports of the Turkish textile and apparel sector to Greece went up 9.1 per cent to $116 million in 2014, the first five months of 2015 concluded with a 19 per cent decline, according to Istanbul Textile and Apparel Exporters ...
Kazakhstan’s food and beverage producer RG Brands will receive $49.2m in loan from the European Bank for Reconstruction and Development (EBRD) to enhance its product offerings. The investment is in line with EBRD's strategy to ...
Pork producer and processor Smithfield Romania has secured $60m in loan from the International Finance Corporation (IFC) to expand its operations in the country. The loan amount will be spent on restructuring its debts and to expand its ...
Tags: Pork producer, Smithfield Romania
Ireland-based paper and plastic bags firm AB Group Packaging is set to foray into the US with a manufacturing unit in Delaware. The new plant will make paper bags and industrial packaging products, and is expected to generate around 100 ...
Tags: AB Group Packaging, paper bag, plastic bags
For the for the thirteen weeks period ended May 2, 2015, GAAP net loss soared at apparel retailer and NYSE listed Abercrombie & Fitch Co. First quarter of fiscal 2016 GAAP net loss surged to $63.2 million or $0.91 loss per diluted share ...
Tags: Abercrombie&Fitch, Apparel
Environmental Recycling Technologies (ERT) has signed an agreement with Metallis Recycling (MRL) to form a 50-50 joint venture in the UK. ERT will give the JV exclusive rights to manufacture flat sheet using its proprietary powder ...
Tags: Environmental Recycling Technologies, Metallis Recycling
Federal Treasurer Joe Hockey last night handed down the government’s 2015 – 2016 budget with some surprises and minor wins for some people in the food sector. The government has stepped away from the harsher politically ...
Tags: Federal Budget, food sector
TreeHouse Foods has recorded first quarter earnings of $0.41 per fully diluted share when compared to $0.38 per fully diluted share reported for the first quarter of 2014. The Company reported adjusted earnings per share in the first ...
Tags: TreeHouse Foods, Q1 Results
Phoenix Footwear Group, Inc., the parent of Trotters and SoftWalk, reported first-quarter sales grew 16.7 percent to to $6.7 million from $5.7 million a year ago. The company saw growth in both its Trotters and Softwalk brands during the ...
Tags: Phoenix Footwear, Footwear
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a ...
Tags: diamond market, diamond industry
Columbus Exploration Corporation has entered into a memorandum of understanding to acquire organic food company Agricola Nuova Terra Guatemala for more than $6.5m. Agricola currently offers fresh organic and conventional products to ...
Tags: Organic Food, food packaging
Ethiopia based Awassa Textile will undertake an expansion project under which it will double its production through an investment of Birr 168 million. According to a leading Ethiopian daily, to undertake the expansion, Awassa Textile ...
Tags: Awassa Textile, textiles
Volkswagen has secured a €400m loan from the Export Development Canada (EDC), to facilitate expansion of its operations in southern US and Mexico. The financing will allow the automotive giant to offer business opportunities to small ...
Sportsman's Warehouse Holdings Inc. reported same store sales decreased by 5.3 percent in the fourth quarter, compared with a 6.2 percent decline in the prior quarter and an 8.4 percent decline for the full year. The Utah-based retailer ...
Tags: Sportsman, Sporting Goods
The US Department of Energy has given conditional commitment loan worth $259m to Alcoa to manufacture high strength aluminum for light weight vehicles. The loan will support the aluminum makers Tennessee manufacturing facility, where the ...
Tags: Alcoa, aluminum makers, Auto Parts