Company News
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Company News
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Kongsberg Automotive Has Received Two Contracts Worth Eur10.4m
Nov 30, 2012Kongsberg Automotive (KA) has received two contracts worth EUR10.4m to supply lumbar support systems and seat actuation cables for an American and a Japanese OEM respectively. The contracts are for a five-year model lifetime of two cars ...
Tags: kongsberg automotive, lumbar support systems, seat actuation cables
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Towers Watson Has Acquired Extend Health
Nov 30, 2012Towers Watson has acquired Extend Health, which operates the largest private Medicare exchange in the US. The firm said that the deal will enable it to offer employers with health care solutions that combine specialized retiree medical ...
Tags: Towers Watson, Extend Health, Medicare exchange, health insurance
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Rio Tinto Expects Chinese Annual Steel Production Will Increase by Around 30%
Nov 30, 2012Rio Tinto, the second-biggest iron ore exporter in the world, expects Chinese annual steel production will increase by around 30% to reach to 1 billion tons within the next two decades. Rio Tinto's chief economist Vivek Tulpule said that ...
Tags: Steel, Steel Output, iron ore
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RayBiotech Has Signed a Master Services Agreement to Provide Custom Services
Nov 30, 2012RayBiotech has signed a master services agreement with a West Coast-based biopharmaceutical company to provide custom services in the area of preclinical research diagnostic testing. RayBiotech will leverage its antibody array ...
Tags: company cooperation, clinical technology, clinical service
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USI Has Acquired York-Based Kelly Insurance Brokerage
Nov 30, 2012Property and casualty insurance company, USI Insurance Services (. Terms of the transaction were undisclosed. Emerson Reid and Company's CEO Arthur Hall said, "Through our acquisition of Kelly Insurance Brokerage, we have attained an ...
Tags: Usi Insurance Services, Kelly Insurance Brokerage, acquisition
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Spee-Dee Packaging Has Announced That The Company's All Servo Driven Rotary Filler
Nov 30, 2012Spee-Dee Packaging Machinery has announced that the company’s all servo driven Rotary Filler will be featured during Pack Expo, to be held during October 28 – 31, 2012, at McCormick Place in Chicago, Illinois. The Rotary ...
Tags: Packaging Machinery, mechanical adjustments, dry products
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United Fire Group Has Appointed Corey Ruehle as Midwest Region Branch Manager
Nov 30, 2012United Fire Group has appointed Corey Ruehle as Midwest region branch manager, effective 1 July 2012, following the retirement of the current branch manager Doug Penn. In his new role, Corey will be responsible for commercial lines ...
Tags: United Fire Group, Corey Ruehle, branch manager, insurance
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NFP Has Had The Preactor Group's Advanced Packaging and Scheduling APS Solutions
Nov 30, 2012UK-based foils and containers firm Nicholl Food Packaging (NFP) has had the Preactor Group's Advanced Packaging and Scheduling (APS) solutions rolled out at the French facility, while implementation is underway at the firm's German site. ...
Tags: foils and containers firm, NFP, APS
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United Insurance Holdings Has Appointed John Forney as Its New Chief Executive Officer
Nov 30, 2012Property and casualty insurance provider, United Insurance Holdings has appointed John Forney as its new chief executive officer, effective from 14 June 2012. Forney will also serve as a director on the company's Board. United's Board ...
Tags: United Insurance Holdings, John Forney, insurance company, insurance
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Operating Income Was $48.23m, or $1.56 Diluted Income Per Share
Nov 30, 2012US based property and casualty firm ProAssurance has reported a net income of $55.6m, or $1.80 diluted income per share, for the first quarter of 2012, compared to $47.7m, or $1.55 diluted income per share, for the same period in 2011. ...
Tags: ProAssurance, net income, quarter 1, revenue
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Fireman's Fund Insurance Company Has Named Travis Bethune as The New Vice President
Nov 30, 2012Fireman’s Fund Insurance Company has named Travis Bethune as the new vice president for its distribution management and services leader. Based in the firm's Corporate Office in Novato, California, Bethune joined Fireman earlier this ...
Tags: Fireman, Travis Bethune, vice president, distribution management
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Agennix Will Reduce Its Staff by Nearly 55% to Conserve Cash
Nov 30, 2012Agennix will reduce its staff by nearly 55% to conserve cash, as part of its restructuring plan. Agennix chief financial officer and the management board spokesperson Torsten Hombeck said Agennix objective of conserving cash has ...
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Fireman's Fund Insurance Has Appointed Arun Chanana as New Senior Vice President
Nov 30, 2012Fireman’s Fund Insurance has appointed Arun Chanana as new senior vice president of distribution and agency management. Heading the company's Liberty Corner office in New Jersey, Chanana will provide strategic and operational ...
Tags: Fireman, Arun Chanana, vice president, insurance
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Flour Mills of Nigeria Plans to Invest N200bn($1.25bn)in Various Projects
Nov 29, 2012Flour Mills of Nigeria plans to invest N200bn($1.25bn)in various projects,in order to boost food production in Nigeria. The plan was disclosed by the company's chairman George Coumantaros at its 52nd annual general meeting in Lagos. ...
Tags: Flour Mills, food production, pasta
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Levi Strauss & Co. Announced Financial Results for The Third Quarter Ended August 26, 2012
Nov 29, 2012Levi Strauss & Co. announced financial results for the third quarter ended August 26, 2012. Third quarter 2012 net revenues declined 9 percent on a reported basis and 4 percent on a constant currency basis. These results reflect the ...
Tags: Levi Strauss, revenues, financial results, third quarter
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