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Lower Capacity Utilisation Drives Down Operating Earnings by 23% at Eastman
May 5, 2015Lower capacity utilisation drove down operating earnings by 23 per cent year over year at the fibre division of Eastman Chemical in the first quarter ended March 31, 2015. “First quarter of 2015 operating earnings dived to $90 ...
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Nestle Zimbabwe Renovates Its Milk-Drying Tower
Feb 26, 2015Nestlé Zimbabwe is planning to modernise its milk-drying tower, as part of strengthening its business in the country. As told to News Day, Nestle's regional manager Ben Ndiaye said: "In 2015 the major project will be the upgrade of ...
Tags: Milk-Drying Tower, Food
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Economic Growth in The EU Has Remained Soft So Far This Year
Nov 4, 2014Economic growth in the EU has remained soft so far this year, with a particularly disappointing performance of the euro area in the second quarter, according to the Economic and Steel Market Outlook 2014-2015/Q4 2014 Report from the ...
Tags: Steel market, Steel Demand
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Mitsubishi Fuso Has Introduced a New Class 3 Canter Model That Offers Higher Payload
Mar 10, 2014Mitsubishi Fuso has introduced a new Class 3 Canter model that offers higher payload and gross vehicle weight rating than the model it replaces. The manufacturer launched the Canter FE130 here during the Work Truck Show conference and ...
Tags: Transportation, Truck
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Ssangyong Motor Achieves Its Highest Revenue in 2013
Feb 25, 2014Ssangyong Motor (CEO Lee Yoo-il;www.smotor.com), part of the Mahindra Group, today announced that the company achieved its highest revenue last year since its establishment, driven by global sales growth despite the overall sluggish demand ...
Tags: Ssangyong Motor, Auto Parts
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Hewlett-Packard Plans to Slash 5,000 More Jobs
Jan 2, 2014Struggling US computer giant Hewlett-Packard plans to slash 5,000 more jobs than previously announced because of a difficult business environment, a regulatory filing shows. HP will eliminate 34,000 positions by the end of its fiscal year ...
Tags: Hewlett-Packard, unemployment
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Zumbotel 1q13 Financial Result:LED Products Continues Increase
Sep 16, 2013Zumbotel 1Q13 Financial Result Highlights: Dynamic growth with LED products continues (+49.7%) First-quarter revenues 4.4% down at EUR 309.3 million (prior year: EUR 323.4 million) Adjusted EBIT rises 40.7% to EUR 17.7 million (prior ...
Tags: LED, LED lighting, Lights, Lighting
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A Well-Known Group Company in China Possesses Several Production Bases in Guangzhou
Sep 6, 2013A well-known group company in China possesses several production bases in Guangzhou, Wuhan and Zhengzhou, etc., while the trading companies and services centers under Baosteel International providing services to it amount to dozens. ...
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Retailer-Producer Relationship Was Focused in IMTF Conference
Sep 6, 2013The International Textile Manufacturers Federation (IMTF) Annual Conference 2013, which brings together various textile associations from around the world, would focus on the changing relationship between producers and retailers in the ...
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Russell Will Close Alexander City Custom Print Facility
Jun 5, 2013Alexander City, AL, once the site of as many as 7,000 jobs in the textile industry, will see the last 200 manufacturing jobs disappear starting Jul. 29 at a facility there that had laid off 200 persons only in January. A distribution center ...
Tags: Russell, Custom Print Facility
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Sports Goods and Equipment in Pimpri-Chinchwad Has Been Constantly Increasing
Apr 15, 2013The sale of sports goods and equipment in Pimpri-Chinchwad has been constantly increasing at about 15 percent annually. However, traders believe that the difficult business environment and shrinking profit margins will deteriorate the ...
Tags: Sports Business, sports equipment
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Fallen 1.8 % by Revenue
Mar 13, 2013Zumtobel’s revenue has fallen by 1.8 per cent for the period May 2012 to January 2013 when compared to the same period a year before. The lighting manufacturer’s nine-month report for the 2012/13 financial year, shows a ...
Tags: Zumtobel, revenue, LED product
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Zumtobel's Revenue Has Fallen by 1.8 Percent
Mar 12, 2013Zumtobel CEO, Harald Sommerer Zumtobel’s revenue has fallen by 1.8 per cent for the period May 2012 to January 2013 when compared to the same period a year before. This is in spite of a strong performance in LED product sales. The ...
Tags: Zumtobel, revenue, LED product sales
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Sumitomo Chemical Will Close Down an Ethylene Plant at Its Chiba Works Located in Ichihara
Feb 4, 2013Sumitomo Chemical has decided that it will close down an ethylene plant at its Chiba Works located in Ichihara, Chiba, Japan, in or before September 2015 when the next periodic shutdown maintenance will take place, to reinforce the ...
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Welspun India Announced That The Merger Scheme Had Come Into Effect
Jan 4, 2013Welspun India Ltd., a part of the $ 3.5 billion Welspun Group announced that the merger scheme has come into effect. The consolidated results post merger, for FY 2012 has also been announced. The High Court of Gujarat at Ahmedabad by its ...
Tags: Welspun, India, Welspun Group, textile business