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Sodra Recorded an Operating Result of -Sek929m for Its Business Year 2012

Mar 7, 2013

The Swedish company Sodra recorded an operating result of -SEK929m for its business year 2012. The bulk of this was borne by the “Timber” division with an operating loss of -SEK469m. Interim CEO Gunilla Saltin attributes the ...

Tags: Sodra, Timber, company news

Carlsberg Group Acquires Additional 30.29% Shares in Chongqing Brewery Company

Mar 7, 2013

Denmark-based Carlsberg Group has decided to acquire additional 30.29% shares in Chongqing Brewery Company in China. At RMB 20 per share, the total purchase price for the additional 30.29% stake in CBC will be around RMB 2.9bn ($461.49m). ...

Tags: Carlsberg Group, shares, Chongqing Brewery Company

Kosovo's Llamkos Planned to Restart Its Hot-dip Galvanized Sheet Production in March

Mar 7, 2013

It is reported that Kosovo's Llamkos GalvaSteel planned to restart its hot-dip galvanized sheet production of in March after two months temporary shutdown during January-February. Meanwhile, the company has purchased approximately ...

Tags: HDG production, HDG, Kosovan Llamkos

NSSMC Announced to Hike Its Steel Plate Export Prices to Asia for April and May

Mar 7, 2013

Japanese Nippon Steel & Sumitomo Metal (NSSMC) announced to hike its steel plate export prices to Asia by US$20/ton for April and May. The new prices are at US$670/ton CFR. Recently, the demands for steel plates from construction and ...

Tags: steel plate export, steel plate, steel

Audi Is Planning to Make Performance Models More Involving

Mar 7, 2013

Audi is aiming to make its performance cars more involving for drivers, says the company’s technical boss. The German brand’s sporty models have struggled to match the dynamics and driver engagement offered by many of its ...

Tags: Audi, Performance Models, performance cars

Ferrari Is Planning to Ripen Relationship with Apple

Mar 7, 2013

The relationship between Ferrari and tech giant Apple is set to expand, with the Italian supercar maker’s CEO hinting at future endeavours during the Geneva motor show. Bloomberg reports Ferrari CEO Luca di Montezemolo confirmed the ...

Tags: Ferrari, Relationship, Apple

NLMK's Main Production Site in Lipetsk,Completed 120 Environmental Projects

Mar 7, 2013

According to a company statement, in 2012, Novolipetsk, Russian steelmaker NLMK's main production site in Lipetsk, completed 120 environmental projects as compared to 100 in 2011, with investments totaling approximately RUB 1.3 billion ...

Tags: NLMK, steelmaker, steel

The Swedish Mechanical Engineering Company Vitech Is Bankrupt

Mar 7, 2013

The Swedish mechanical engineering company Vitech is bankrupt. A declaration to this effect was made on 11 February before the competent court inongermanlands. The supplier of sawmill-mechanisation plant, as well as its parent company ...

Tags: mechanical engineering, Vitech, Bankruptcy

American Air Filter Co., Inc. has Introduced The Megapleat M8 Premium Pleated Filter

Mar 7, 2013

American Air Filter Co., Inc. has introduced the MEGApleat M8 premium pleated filter. AAF International says that when compared to the leading MERV 8 pleated filter in the market, the MEGApleat M8 filter reduces energy costs by up to ...

Tags: American Air Filter, pleated filter, filter

Amiad Water Systems Ltd Has Secured a US$7.7 Million Contract to Provide RO

Mar 7, 2013

Amiad Water Systems Ltd has secured a US$7.7 million contract from Nirosoft Industries Ltd to provide reverse osmosis (RO) pre-filtration membrane protection for a desalination project in Colombia’s oil & gas sector. The contract ...

Tags: Amiad Water Systems Ltd, pre-filtration membrane protection

Zepol Corp. Launched Phase Two of Its U.S. Export Bill of Lading Database

Mar 7, 2013

MINNEAPOLIS — Trade intelligence source Zepol Corp. has launched phase two of its U.S. export bill of lading database, TradeIQ Export, expanding it to carry data for 20 shipping carriers. The database, which previously had ...

Tags: Zepol Corp, lading database, company news

Sears Canada Continued to Lose Ground in Its Fiscal Fourth Quarter

Mar 7, 2013

TORONTO — Sears Canada continued to lose ground in its fiscal fourth quarter as revenue fell 5.0% and same store-store sales decreased 3.8%. Earnings were flat and continued to be driven by factors other than the basics of being a ...

Tags: Sears Canada, fourth quarter sales, company news

The Property of Winston-Salem, N. C. Was Bought by Merino's Home Furnishings

Mar 7, 2013

Michael Bay WINSTON-SALEM, N.C. — Merinos Home Furnishings has closed on the former Hanesbrands textile mill property here, paying $3.2 million for what will become its fourth large showroom. The retailer, which opened in a ...

Tags: Merinos Home Furnishings, furniture, home furnishing

Bumble Bee Is Recalling Certain Codes of 5-Ounce Chunk White Albacore and Chunk

Mar 7, 2013

US-based food firm Bumble Bee Foods is voluntarily recalling certain codes of 5-ounce Chunk White Albacore and Chunk Light Tuna products as they do not meet the company's standards for seal tightness. The products subject to the recall ...

Tags: Bumble Bee, Albacore and Tuna Products, Loose Seals

Russian Pipemaker TMK Saw Its Net Profit Fall by 27% Year on Year

Mar 7, 2013

According to its financial results for 2012 in line with international financial reporting standards (IFRS), Russian pipemaker TMK saw its net profit fall by 27 percent year on year to $282 million in the given year. In 2012, the company's ...

Tags: TMK, net profit, pipemaker