For fiscal second-quarter 2015 (ended 28 December 2014), Cree Inc of Durham, NC, USA has reported revenue of $413.2m, down 3.4% on $427.7m last quarter but similar to $415.1m a year ago and in the upper half of the target range of $400-420m ...
Tags: LED Demand, LED Lighting Offsets, Electrical
International Finance Corporation (IFC) will provide a senior loan of $8.5m and mobilize a parallel senior loan of €5m from Rabobank to help Georgia’s glass bottle manufacturer Mina expand its business. The financial help from ...
Tags: Glass Container, financial help, Packaging
Sany Heavy Industry Co Ltd is planning to increase investments in emerging markets like Venezuela, as the heavy machinery maker seeks ways to sustain growth amid tough market conditions at home. The company said on Thursday that its auto ...
Tags: Heavy Industry, Emerging Markets
The Cutrale and Safra Group has extended its previously announced tender offer for the acquisition of US-based banana producer Chiquita Brands International until 12:00 midnight, New York City time, at the end of the day on January 5, 2015. ...
Tags: farming, processing, technology, sourcing, Agriculture
Australian miner Sundance Resources has announced that it has undertaken a number of cost reduction measures to ensure the management of its cash position while retaining the ability to move its Mbalam-Nabeba iron ore project into ...
Tags: cash position, Metallurgy
NYSE listed clothing retailer, Delta Apparel said its net sales dropped 6.23 per cent from the previous fiscal year for the fiscal year ended September 27, 2014. Net sales slipped $452.9 million for fiscal 2104 as against $483.0 million ...
Tags: strategic initiatives, Apparel
Armstrong World Industries has decided to exit its European flooring business and cease further funding of its DLW subsidiary effective immediately. As a result of this decision, local DLW management filed for insolvency in Germany. ...
This was supposed to be the diamond decade. Back in 2010, De Beers executives were touting that the coming 10 years would bring unprecedented demand and growth to the industry. Almost halfway through, it feels anything but, especially for ...
Tags: Diamond Decade, diamond dealers
Gildan Activewear Inc., which is the largest supplier of branded athletic socks in the United States, reported record fourth quarter adjusted earnings per share of $1.00, up 20.5 percent compared to last year, but projected a loss for the ...
The ISM is the important data announced by the institute for supply management that leading indicator of economic health. According to ISM,business can quickly respond to market conditions. It can also reflect the degree of economic ...
Austria based, Lenzing said looking at the challenging conditions, it will not undertake any new expansion projects at any of its viscose staple fibre (VSF) production sites across the world. Although Lenzing continues to anticipate good ...
Tags: viscose staple fibre, Textile
The UK retail and property sectors are poised to hear whether the Chancellor will use his final chance to make meaningful reforms to the business rates burden in his Autumn Statement, according to the British Council of Shopping Centres ...
Tags: Property Sectors, Retail, Furniture
The Toll Group (Toll) has announced a range of transactions to “drive improved returns for shareholders and rationalise its portfolio of businesses”. The actions announced today by Toll include: Earning more money off its ...
Tags: marine freight business, Service
In the third quarter ending September 30, 2014, higher sales volume of high margin ethane-based products, helped net profit at Petronas Chemicals climb 4.1 percent, from a year ago quarter. Net profit in the third quarter of 2014 rose to ...
Venture unites the complementary product ranges and management skills of both IMC Toys and Rubie’s to form one trading base. IMC Toys and Rubie’s have revealed the incorporation of its new Italian companies, IMC Italia srl and ...
Tags: IMC Toys, complementary product, Toys