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Ltd Is Expediting One of Its Long Pending Projects a Cement Grinding Unit

Dec 6, 2012

Business Line reported that Rashtriya Ispat Nigam Ltd is expediting one of its long pending projects a cement grinding unit to make use of the slag generated by blast furnaces and flyash. The company has allocated 100 acres for the ...

Tags: Rashtriya Ispat Nigam, cement grinding unit, RINL

Scholle Has Announced The Sale of Its Vacumet Plastics Division in Austell

Dec 6, 2012

Scholle has announced the sale of its Vacumet Plastics Division in Austell, Georgia to Indian Polyester film producer Polyplex’s US subsidiary, as part of an agreement. The acquisition, which is expected to close in July 2012, is ...

Tags: Vacumet Plastics, packaging solutions, bag-in-box packaging

Ardagh Has Agreed to Acquire US-Based Anchor Glass Container From Private Investment Funds

Dec 6, 2012

Glass container manufacturer Ardagh has agreed to acquire US-based Anchor Glass Container from private investment funds managed by Wayzata Investment Partners in a deal worth €721m ($880m). Ardagh chairman Paul Coulson said the ...

Tags: Anchor Glass Container, Glass container, food and beverage industries

The Specialty Sleep Assn. Is Moving to a New Space at The Las Vegas Market

Dec 6, 2012

The Specialty Sleep Assn. is moving to a new space at the Las Vegas Market, on the 15th floor of World Market Center Building C. The group said it expects 30 to 40 of its members to participate in showing in a 13,000-square-foot space, ...

Tags: SSA, sleep category, product innovation

Ahlstrom Has Signed a Pact with Munksjo'S Principal Owner EQT to Combine Bussiness Unit

Dec 6, 2012

Finnish materials company Ahlstrom has signed an agreement with Munksjö’s principal owner EQT to combine its Label and Processing business area with Munksjö to form a single company Munksjö Corporation through two ...

Tags: Business Unit, Label and Processing business, Coated Specialties plant

Chubb Group of Insurance Companies Has Rolled out an Insurance Product

Dec 6, 2012

The Chubb Group of Insurance Companies has rolled out an insurance product with an aim to assist small to mid-size health care organizations to manage their data breaches and health care fraud. The product, ForeFront Portfolio 3.0 for ...

Tags: Chubb Group, insurance product, cyber liability insurance

Schmitt Furniture of New Albany, Ind. Joined The Furniture First Buying Group

Dec 6, 2012

Schmitt Furniture of New Albany, Ind., has joined the Furniture First buying group. With the addition of Schmitt, a family-owned full-line furniture retailer with a 76-year history in New Albany, Furniture First now has 194 members with ...

Tags: Furniture, Schmitt Furniture, Furniture First buying group

The Introduction of The BlackBerry 10 Ready Program to Help Prepare Business Customers

Dec 6, 2012

Research in Motion Thursday introduced the BlackBerry 10 Ready Program to help prepare business customers for the launch of the next-generation operating system Jan.30. Participants in the program can get a free BlackBerry 10-based ...

Tags: RIM, BlackBerry 10 smartphone, BlackBerry Enterprise Server 10

PLC Registered 13% Downfall in Net Income Available to PLC's Common Shareowners to $76.2 M

Dec 6, 2012

Protective Life Corporation (PLC) has registered 13% downfall in net income available to PLC's common shareowners to $76.2 m, or $0.91 per average diluted share for the second quarter of 2012, against $87.6m, or $1.00, during the same ...

Tags: Protective Life Corporation, net income, operating income, insurance

The Sales of Mattress Firm Jumped More Than 50% in The Quarter Ended Oct. 30

Dec 6, 2012

HOUSTON - Bedding retailer Mattress Firm said sales jumped more than 50% in the quarter ended Oct. 30 due largely to acquisitions and store openings. Same-store sales, however, also rose 6.6% in the quarter as the company continued to ...

Tags: Bedding, Mattress Firm, Mattress

TVS Motor Company's Total Sales in November Dropped Marginally To1,71,873 Units

Dec 6, 2012

Business Line reported that TVS Motor Company's total sales in November dropped marginally to1,71,873 units from1,75,535 units in the same period last year. The company's 2 wheeler sales dropped 3.5% to 166,783 units. Domestic sales saw a ...

Tags: TVS Motor, wheeler, motorcycle

Mattress Firm Agreed to Acquire Mattress Source

Dec 6, 2012

HOUSTON - Fast-growing bedding retailer Mattress Firm has agreed to acquire Mattress Source, a 28-store bedding specialty chain based in Charlotte, N.C. The deal, which is valued at about $11.2 million, will result in Mattress Source's ...

Tags: Mattress, bedding, Mattress Firm

Ambac Financial Has Posted a Second Quarter 2012 Net Loss of $811.1m

Dec 6, 2012

Ambac Financial has posted a second quarter 2012 net loss of $811.1m, or $2.68 per share, against $102.4m, or a net loss of $0.34 per share during the same period earlier year. According to the company, second quarter 2012 results were ...

Tags: Ambac Financial, loss deepens, portfolio repositioning

Willis Group Holdings Has Hired Nils Arne Fagerli as CEO of Willis

Dec 6, 2012

Insurance broker Willis Group Holdings has hired Nils Arne Fagerli as CEO of Willis Norway effective immediately. Based in Oslo, Fagerli will report to Adam Garrard, Willis International CEO of Europe. Garrard said, "With a wealth of ...

Tags: Willis Group Holdings, insurance broker, Nils Arne Fagerli

Glaciallight Has Added The GL-FL60

Dec 6, 2012

GlacialLight, a division of the Taiwanese technology manufacturer, GlacialTech Inc., has added the GL-FL60, a 60W AC-input LED Flood Light with Philips Lumileds LED chips, to its energy efficient LED flood light series. The GL-FL60 ...

Tags: LED Lighting, Led Flood Light, Philips Lumileds LED chips