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Cost Cutting
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Brexit, Commodities Force Arla Foods to Launch Cost-Cutting Plan
Apr 24, 2018European dairy giant Arla Foods has initiated an internal transformation program in an effort to realize more than €400m of savings by the end of 2020. The program, dubbed Calcium, seeks to strengthen the company's performance to the ...
Tags: Brexit, Arla Foods
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Unilever Plans to Sell Certain Food Brands for £6bn
Mar 27, 2017British-Dutch multinational company Unilever is reportedly planning to divest certain food brands from its consumer goods portfolio for £6bn. Flora margarine spread and Stork butter brands are among the brands that are likely to be ...
Tags: Unilever, food brands
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Multi Packaging Solutions Announces Q1 Fiscal 2017 Results
Nov 11, 2016Multi Packaging Solutions International announced results for its first quarter ended 30 September 2016. 1Q FY 2017 vs. 1Q FY 2016: GAAP sales of $407.8 million vs. $459.1 millionNegative foreign exchange impact of $17.4 millionGAAP ...
Tags: Multi Packaging, Packaging
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Associated British Foods Looks to Sell Unprofitable Sugar Business in China
May 13, 2016Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
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Worldwide IT Spending Forecast to Decline 0.5% in 2016
Apr 11, 2016Worldwide IT spending is forecast to total US$3.49 trillion in 2016, a decline of 0.5% over 2015 spending of US$3.5 trillion, according to Gartner. This is down from last quarter's forecast of 0.5% growth. The change in the forecast is ...
Tags: device market, printers
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Crisis-Hit Toshiba to Announce Record Losses Amid Major Restructuring Push
Dec 22, 2015Toshiba Corp. said on Saturday its group net loss for the business year ending in March will far outweigh that of the previous year's and may top its record of 398.8 billion yen (3.29 billion U.S. dollars) logged in the year through March ...
Tags: Toshiba, Record Losses
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10 Major Trends in The Future LED Industry Market
Nov 24, 2015LED manufacturers had an especially tough year in 2015. Despite rising LED lighting market demands, and large scale replacements of traditional luminaires, the oversupply situation in the market has caused average sales price (ASP) of LEDs ...
Tags: LED Industry, LED package
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Abu Dhabi Seeks 25% Cost Savings on Major Oil Projects: Report
Nov 6, 2015State-owned Abu Dhabi National Oil Co, (Adnoc) is seeking to cut 25% off its operating and capital spending, a senior official at the company was quoted as saying Thursday. "...we are trying to bring down operating expenditures and also ...
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Do Australia's Supply Chains Face a Looming Crisis?
Aug 27, 201548% of supply chain managers in Australia say they are inadequately trained, according to respondents of a global survey of professionals. Supply chain managers increasingly focus on protecting vulnerable people further down the chain ...
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Oclaro's CFP 100G Client-Side Transceiver Capacity Expansion Compensates for Drop in 40G Telecom Sales
Aug 10, 2015For fiscal 2015 (ended 27 June), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $341.3m, down 12.7% on fiscal 2014's $390.9m. This is due to a 25% ...
Tags: laser product, telecom products
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American Apparel Has Announced The Next Phase of Its Strategic Turnaround Plan
Jul 10, 2015In order to shore up its topline and bottomline, clothing retailer American Apparel has announced the next phase of its strategic turnaround plan. “This plan includes a redesigned fall merchandise line, approximately $30 million in ...
Tags: American Apparel
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China's Effort in Expanding Module Capacity Abroad
Jul 6, 2015At the start of this year, the United States Department of Commerce conducted a preliminary review of the anti-dumping and countervailing (AD/CVD) measures against Chinese photovoltaic (PV) cell imports for 2012 and reduced the overall ...
Tags: PV Cell, Solar Cell
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EU Coatings Companies Have Good Perspective
Apr 21, 2015After a slowdown in demand in the second half of last year in many parts of Europe, coatings companies in the region have become less confident about the short-term future. However, despite economic forecasts of relatively slow growth in ...
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Treasury Wine Estates Puts up Victorian Wineries, Close Packaging and Warehousing Facility
Apr 2, 2015Treasury Wine Estates has put up several of its wineries for sale and is planning to close packaging and warehousing facility near Mildura, Australia as part of a major cost-cutting initiative. Treasury Wine Estate's T'Gallant winery ...
Tags: Treasury Wine, warehousing facility, Food
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Oclaro's Core Communications Revenue Increases by 4% Quarter-to-Quarter
Feb 6, 2015For its fiscal second-quarter 2015 (ended 27 December 2014), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $86.8m, down 15.6% on $102.9m a year ago and ...
Tags: end-market, Telecoms
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