letters of credit articles & resources on Made-in-China.com

Veeco's Q3 Revenue up 51% Year-on-Year, But MOCVD Orders Slump Due to LED Oversupply for Display Backlighting and China Slowdown

Nov 2, 2015

For third-quarter 2015, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $140.7m, up 51% on $93.3m a year ago although up only 7% on $131.4m last quarter (which was the ...

Tags: LED market, LCD TVs

China PV Module Firms Ask for Taiwan Cell Supplies

Apr 16, 2015

Some first-tier China-based PV module firms have asked Taiwan solar cell makers to supply products on credit from, and the suppliers are considering whether to accept the requests, according to industry sources. These China-based PV ...

Tags: PV Module, solar cell

Wells Fargo Opened a Commercial Banking Office to Expand Services to The Apparel Industry

Jan 21, 2015

In a bid to hike its commitment to apparel finance, Wells Fargo said it has opened a new Commercial Banking office in New York City to expand its services to the apparel industry. Spearheading the Commercial Banking apparel initiative is ...

Tags: banking, insurance, investments, Apparel

a Comprehensive Strategy Aimed at The Textile and Clothing Industry

Jan 9, 2015

A comprehensive strategy aimed at the textile and clothing industry, allowing secure employment for more than 450,000 families belonging to the sector, and to promote competitiveness of enterprises, as well as to create legal and equitable ...

Tags: free trade agreements, apparel imports, textile

China-Based PV Module Makers Are Considering Resuming Orders

Oct 1, 2014

China-based PV module makers have drastically reduced orders released to Taiwan-based crystalline silicon solar cell makers who are subject to US anti-dumping tariffs at an average rate of 24.23%, but some of them are willing to resume ...

Tags: PV solar cell, Taiwan, PV, Solar Cell, PV Module

Hancock Fabrics, Inc Climbes Nearly 27% of Net Loss in Q2 Ended July 26, 2014.

Sep 11, 2014

Net loss climbed nearly 27% from a year earlier at Hancock Fabrics, Inc., a retailer of fabrics, sewing materials, etc, in its second fiscal quarter ended July 26, 2014. Hancock reported a net loss of $3.3 million, or negative $0.16 per ...

Tags: Textile, Fabric, Hancock Fabric

Abercrombie & Fitch Co Initiated a Process to Refinance Its Existing Credit Facilities

Aug 12, 2014

Abercrombie & Fitch Co. announced that it has initiated a process to refinance its existing credit facilities. The existing credit facilities consist of a $350 million unsecured Revolving Credit Facility maturing July 27, 2016 and a $150 ...

Tags: Abercrombie&Fitch, Apparel, Accessories

Buyers Had Refrained From Purchasing Imported Cargoes Because of The Monsoon Rains

Jun 13, 2014

Monsoon rains limited Indian buying of Indonesian thermal coal, while lending restrictions muted demand from China, market sources said on Friday. An Indian end user said buyers had refrained from purchasing imported cargoes because of ...

Tags: Thermal Coal, Limited Demand

A Credit Agreement Refinancing Was Completed and Announced by BGS

Jun 9, 2014

B&G Foods (BGS) announced today that it has completed a refinancing of its senior secured credit facility by terminating the facility and replacing it with a new senior secured credit facility, consisting of $300 million of tranche A term ...

Tags: Agriculture, Food

Iranian Petrochemical Traders Sell Products on a CFR Basis to Avoid Payment Issues

May 29, 2014

Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...

Tags: Petrochemical

The Platts Australian Alumina Assessment Fell 50 Cents/Mt to $315.50/Mt

May 21, 2014

The Platts Australian alumina assessment fell 50 cents/mt from Friday to $315.50/mt FOB Monday, weighed down by supply overhang, tight cash flows and lack of buyers. Alumina bid/ask levels were around $310-312/mt against $316/mt FOB ...

Tags: alumina, Australian-origin cargoes

Chinese Iron Ore Importers Denied They Were Under Pressure to Sell Their Port Stocks

Apr 24, 2014

Chinese iron ore importers on Monday denied they were under pressure to sell their port stocks so that they repay their debts to the country's banks, refuting recent local media reports. The importers added that the price of the more than ...

Tags: Iron Ore, steel mills

YRC Has Completed $1.15 Billion in New Financing, Including Term and Asset-Backed Loans

Feb 14, 2014

YRC Worldwide Inc. said it has completed $1.15 billion in new financing, including term and asset-backed loans that will reduce borrowing costs by $40 million to $50 million annually and extend debt maturities to 2019. The $700 million ...

Tags: Transportation

Chinese Thermal Coal Buyers Were Concluding Deals for March-Delivered Imported Shipments

Feb 7, 2014

A few Chinese thermal coal buyers were reportedly concluding deals for March-delivered imported shipments, even as most of them were getting ready to wind up for the upcoming holidays, sources said Monday. A mini-Capesize cargo of ...

Tags: FOB, CFR, NAR, Coal

RMB Overtakes Euro in Trade

Dec 4, 2013

China's Yuan has surpassed the EURO to become the world's 2nd-most widely used currency in global trade finace, China Daily reported. The yuan captured an 8.66% share of letters of credit and collections in October, while the euro's was ...

Tags: RMB, economy

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