DFS has secured a new £230m funding package from a banking syndicate led by Lloyds Bank Commercial Banking following its recent stock market listing. The funding includes a £200m term loan that will be used to repay existing ...
Li Ning widened its loss in 2014 to RMB743.5 million ($125 mm) from RMB359.4 milion a year ago. Revenues rose 15.6 percent to RMB6.73 billion ($1.13 bn) from RMB5.82 billion. Li Ning warned in January that it expected to post a loss for ...
Tags: Li Ning, growth phase, Sporting Goods
China's declining use of coal may be felt from Australia to the United States, especially the US state of Wyoming where coal is major part of the economy. Last week Premier Li Keqiang said China wanted to reduce its energy intensity ...
Tags: Metallurgy, coal, Coal Consumption
UK-based gourmet popcorn manufacturer, Joe & Seph’s, has installed one of Allen Coding’s marking and coding specialist’s RX-S continuous small character inkjet printers at its facility in Watford. The equipment is ...
Tags: Inkjet Printers, Food Packaging
German automaker Mercedes-Benz has announced a plan to invest $500m to build a new plant to manufacture vans in Charleston, South Carolina. The Charleston plant will produce the next-generation Sprinter for the North American market. ...
Tags: Mercedes-Benz, van markets
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
Honda has announced the addition of a second US production location dedicated towards Acura MDX luxury SUV. Starting from 2017, Honda is expected to add production of Acura MDX at its East Liberty, Ohio plant, where the company invested ...
Tags: Honda, Acura, Auto Parts
The distilled spirits sales by suppliers in the US increased by 4% to $23.1bn in 2014, according to the Distilled Spirits Council. The Distilled Spirits Council is a trade association representing producers and marketers of distilled ...
Tags: Distilled Spirits, Food
Philippines abaca fibre market is expected to register a Compound Annual Growth Rate (CAGR) of around 5.7 per cent from 2014 to 2019, according to a recently published TechSci Research report titled “Philippines Abaca Fibre Market ...
Tags: abaca fibre, global market
Closely-held Outdoor Tech has engaged Wunderlich Securities of Newport Beach, CA for financial and strategic advisory services to help support the company’s current and future growth. Based in Lost Angeles in 2010, Outdoor Tech ...
Carlsberg has announced a ground-breaking agreement to develop the world’s first fully biodegradable wood-fiber bottle for beverages. Carlsberg has initiated a three-year project with packaging company ecoXpac, with the ...
Tags: Wood-Fiber Bottle, Beverages, Agriculture
Hawley LLC of Lexington, SC has taken over distribution for Look Cycle International in the United States under an exclusive distribution agreement, the two companies announced. Under the agreement, Hawley has exclusive rights to sell, ...
Tags: triathlon frames, mountain bike pedals, mountain bike frames
The coming year could be pivotal for the global LED industry, given the growing market share of Chinese LED companies throughout the value chain. In order to compete with international companies and maintain their growth, China vendors must ...
Mohawk Industries has entered into a definitive agreement to acquire the IVC Group. IVC is a major manufacturer of sheet vinyl, luxury vinyl tile (LVT) and laminate, with operations in Europe and the U.S. and sales of approximately $700 ...
Tags: customary closing conditions, regulatory approvals, Construction
SMC Ltd., a medical device contract manufacturer with locations in California, Wisconsin, Massachusetts, Ohio, Costa Rica, and India, announced an expansion and move to a 210,000 sq. ft. facility in Devens, MA. The expansion will ...
Tags: high-speed automation, testing, kitting, Health