With declining orders and halved profits this year, shipbuilders and steelmakers, the two new pillars of the country’s exports, are trimming down both their work forces and production as a last resort to overcome their ongoing slumps. ...
Tags: Hyundai, Heavy Industries, restructuring
Appropriately named the Wake Up Light, Philips has given you a way to awaken naturally. In what starts out as a dim light that gradually increases from soft morning red, then an orange influenced sunrise and then finally a bright yellow ...
Tags: wake up light, light, bright light
Scandinavia's leading luxury retailer Georg Jensen, founded by the eponymous Danish designer in 1904, was sold to Investcorp group for $140 million. As part of this transaction, Investcorp has teamed up with David Chu, the luxury brand ...
South African retailer Shoprite Holdings has booked an increase in full-year like-for-like sales. In the 12 months to the end of June, the group saw like-for-like sales climb 8.5%. Total turnover increased 14.4% to ZAR82.7bn (US$10.04bn). ...
Tags: Shoprite Holdings, South African, increase
Engaged in the furniture industry for nearly 25 years, Kuang Shin Enterprise Co., Ltd.C, OA chairs and children's furniture, having built an image of quality and innovative products globally. To ensure product quality, the company ...
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: Magnit, grocery, profit, company news, sales
US canned food firm Seneca Foods has announced it could buy local peer Independent Foods. Seneca Foods said it had signed an MOU "contemplating an acquisition" of the company, which makes branded and own-label canned fruit. Any deal ...
Tags: Seneca Foods, canned food, Independent Foods
Sheraton Hotels will grow its portfolio of signature hotel spas across Asia, the Middle East and Eastern Europe as the brand continues to expand its footprint in the world's fastest growing markets. In tune with the resurgence of the ...
Tags: Sheraton Hotels, world's fastest growing markets, hotel spas
Established in 1988, Yungli Traffic Equipment Co. is a veteran developer and manufacturer of wide-ranging auto lamps including head lamps, auxiliary lamps (spot, driving, and off-road driving lights) for both the aftermarket (AM) and ...
Tags: Yungli Traffic Equipment Co., AM, OE, Satuga, quality lamps
Ruiz Food Products has announced the appointment of Rachel Cullen as CEO. Cullen joins the company with over 25 years of experience with companies including Unilever, Kraft Foods and most recently Dean Foods. She replaces Bryce Ruiz who ...
Tags: Ruiz Food Products, Rachel Cullen, CEO, company news
Premier Foods plc has become the latest company to launch a range of breakfast biscuits in the UK. The group is hoping to tap into the GBP33m (US$52.4m) breakfast biscuit market with the launch of Hovis Breakfast Bakes. It has ...
Tags: Premier Foods, breakfast biscuit market, Hovis Breakfast
A growing metallurgical company in Florida was feeling the pains of increased demand throughout its facility. In the heat treat area, workers unloading the treated metal simply could not move parts fast enough to keep up with demand without ...
Tags: Lifting Device, metallurgical products, gears, bridge crane
A Federal High Court sitting in Lokoja has summoned the Sole Administrator of the Ajaokuta Steel Company, Engr Joseph Isa Onobere to show why he should not be punished for contempt. Assistant Commissioner of Police, Innocent Okeanonife, ...
Tags: steel scrap buyers, court, steel company, steel industry
Founded in 2006, Suntec Global Co., Ltd. is young and backed by a group of experienced professionals with years of know-how in auto-parts trading. The company offers wide-ranging auto parts, including body (engine hood, door panels, ...
Tags: Suntec Global Co., Ltd., auto parts, auto-parts trading
Japanese food group House Foods has snapped up US soy products firm El Burrito Mexican Food Products. The deal, announced for an undisclosed sum, will see the Japanese manufacturer expand its portfolio to include soy lines. "Adding ...
Tags: House Foods, soy products, El Burrito, food