French dairy major Danone is planning to shut down three of its plants in Europe, a move which will eliminate 325 jobs. The decision comes amid declining fresh dairy sales in the continent. Although, European sales volumes are now ...
Tags: Dairy Plants, Danone
US Gulf Coast crude stocks climbed to their highest level on record in the week that ended Friday, hitting 200.3 million barrels, as growing pipeline capacity from Cushing, Oklahoma, sends barrels surging south, according to data released ...
Tags: Crude Stocks, pipeline capacity, refinery
Danish Crown has decided to close its deboning department and its subsidiary Tulip food’s ready meals production in Faaborg due to non-competitiveness in the current production set-up and as part of its comprehensive structural plan ...
Tags: Danish Crown, deboning department
Chinese rare earth miners are being forced to phase out excessive production capacity as rising overseas suppliers chip away at their dominance in the global market. Russia announced in April its plan to invest $1 billion in rare earth ...
Tags: Rare Earth, Mineral
Talisman Energy Inc. (Talisman) (TSX:TLM)(NYSE:TLM) today announced that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent ...
In another sign of the government's resolve to tackle the problem of excess industrial capacity, the Ministry of Land and Resources will reject applications for land acquisition by companies in sectors with low capacity utilization ratios. ...
Tags: Surplus Capacity, Mineral
China's Ministry of Land and Resources Monday suspended land applications for new projects in the aluminum, cement, steel and glass sectors with immediate effect due to surplus capacity in these industries. "For new projects involving ...
China has introduced measures to curb photovoltaic overcapacity while seeking to expand domestic deman. China has put forth new rules to tackle overcapacity in its solar power industry. A document released by the Ministry of Industry and ...
Tags: Solar Power, Chemicals
President Xi Jinping's visit to a recycling company Monday drew renewed attention to environmentally friendly industries. Xi said recycling is a sunrise industry and that garbage is a misplaced resource, during his visit Monday to a ...
Good rains that are likely to remain strong for the rest of the monsoon are set to keep cement demand under pressure in the ongoing July-September quarter. While demand for cement between May-end and June was supported by pre-monsoon ...
Tags: Cement, Construction
International credit rating agency Standard & Poor's has announced that it has raised the long-term corporate credit rating of Turkish steelmaker Eregli Demir ve Celik Fabrikalari T.A.S. (Erdemir) to 'B+' from 'B', with the outlook being ...
Tags: Turkey-Based Erdemir, Mineral
The value of Pakistan s cement exports has certainly picked up thus far this fiscal, with the latest figures showing a 22.79% increase in the first three quarters of the current financial year. In the period July 2012 C March 2013, exports ...
Tags: cement, Construction
Many denim producers in India, who have increased their production capacity in the past anticipating a rise in demand in future, are facing a problem of surplus capacity. “Currently, the denim industry is facing a situation of ...
Tags: denim producers, India, surplus capacity, textile industry
Grasim Industries Limited, an Aditya Birla Group company, announced its results for the second quarter ended 30th September 2012. Revenue for the quarter grew by 15 per cent from Rs.5,755 crore to Rs.6,602 crore. PBIDT for the quarter was ...
Tags: Grasim Industries Limited, Viscose Staple Fibre, Chemical business
What was until now the biggest pellet plant in Scandinavia, with annual technical capacity of 450,000 t, will be shut down by the end of the year. The executive board of the Norwegian pellet producer BioWood Norway AS, AverØya, made ...
Tags: pellet plant, shut down, pellet market