EBMag has learned David Seeger, president of JMC Steel Group, announced the reorganization of JMC Steel Group's commercial and operation groups into distinct business units by product lines. "I am very pleased to announce Jim Hays as the ...
Tags: Construction, Decoration, Metallurgy, Mineral, Energy, steel
CRAiLAR Technologies Inc., which produces and markets CRAiLAR Flax fiber The Friendliest Fiber On The Planet, reported a net loss for the fourth quarter ended December 31, 2012 of $3.1 million or $0.07 per share compared with a net loss of ...
Tags: CRAiLAR Technologies, Flax fiber, Textile
Interpret, translate, tell. The Calia Italy sofas express the lifestyles of today's customers by using all the languages of Italian design. The continuous survey of the tastes and trends is combined with high quality craftsmanship of ...
Tags: Relaxing, Italian Design Sofa, Furniture
Sony Chairman and former CEO Howard Stringer, who has been at the company since 1997, will be leaving the company in June. Stringer led Sony for seven years, facing harsh criticism as losses mounted before he was replaced last year. ...
Tags: Sony, Howard Stringer, Japan Society
A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that it has made a proposal to the Board of Directors of Ferro Corporation (NYSE: FOE) to acquire all of the outstanding shares of Ferro common stock for per-share consideration of $6.50, ...
Tags: A.Schulman, Ferro Corporation, proposal
Company sells production site in China’s Shaoxing As part of the corporate reorganization initiated last year, Osram has reached another milestone and agreed the sale of its production site in Shaoxing. The buyer is Hong Kong based ...
Tags: Osram, LED assembly plant, LED
Amurrio, Spain-based group Tubos Reunidos has announced that in 2012 its core business, i.e., seamless steel pipe manufacturing, generated a net profit of €25.4 million and an EBITDA of €59.6 million. These figures respectively ...
Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
Sulzer achieved order intake and sales of over CHF 4 billion in 2012. Profitability remained stable in the double-digit range. The company continued to focus on customer partnership and profitable growth. Driven by the major pump ...
Tags: Sulzer, pump acquisition, pump
Excluding $51 million in pre-tax transaction charges and a net $69 million tax benefit related to certain U.S. foreign tax credits in the fourth quarter of 2012, net income was $638 million, or $1.49 per fully diluted share, down two ...
Tags: tax credits, transaction charges, US
Residential and commercial tufted carpet manufacturer Gulistan Carpet Inc., Aberdeen, N.C., has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code for the Middle District of North Carolina. The ...
Tags: tufted carpet, Gulistan Carpet, company news
The U.S. Food and Drug Administration announced on January 28 in the Federal Register a reorganization for the Foods and Veterinary Medicine (FVM) program that was implemented on October 1, 2012. Under the reorganization, the Office of ...
Tags: Foods, Food Safety, Packaging
Cisco Systems' sale of its home networking business to Belkin International marks the end of a 10-year odyssey through the world of consumer products, but the company plans to keep reaching consumers through their carriers and cable ...
Security software provider Symantec is reworking its sales strategy, reorganizing software lines, slimming middle management and increasing marketing and research efforts. Symantec will make these changes over the next 6 to 24 months, the ...
Tags: Symantec, Security software, oftware lines
China's Ministry of Industry and Information Technology (MIIT), the National Development and Reform Commission (NDRC) and the State-owned Assets Supervision and Administration (SASAC) have launched a merger and reorganization scheme for ...
Tags: steel sector, steel, cement