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JISCO's Gansu-Based Subsidiary Hongxing Steel Recorded an Net Loss of RMB 2.35 Billion

Feb 20, 2014

Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Group (JISCO) has announced that in 2013 its Gansu-based subsidiary Hongxing Steel recorded an estimated net loss of RMB 2.35 billion ($385.2 million), as compared with a net ...

Tags: Hongxing Steel, Mineral, steelmaker

Shanxi Accounted for More Than One Quarter of The Country's Total Coal Output in 2013

Feb 20, 2014

Shanxi, China's second largest coal producing province, accounted for more than one quarter of the country's total coal output in 2013, according to the Shanxi Coal Industry Bureau. China produced a total of 3.692 billion mt of coal in ...

Tags: Coal Output, Mineral

The Shafts in Question Are Manufactured Using Wire Rod Produced by Baosteel

Feb 20, 2014

According to Shanghai-based Chinese steel giant Baosteel Group, locking shafts for car shock absorbers produced by Shanghai Best Fastening Systems Co. have been approved by Tenneco (Beijing) Ride Control Systems Co. The shafts in question ...

Tags: Wire Rod, Shock-Absorber

Longstanding Myer CEO and Managing Director Bernie Brookes Has Put Pen to Paper

Feb 20, 2014

Longstanding Myer CEO and managing director Bernie Brookes has put pen to paper on a new, open-ended contract worth $2 million per annum, plus performance based cash and equity bonuses. At the same time, the experienced retail head as ...

Tags: Consumer Electronics, Myer

Shagang Group Plans to Construct Bonded Warehouse Facilities

Feb 20, 2014

Jiangsu Province-based Chinese steelmaker Shagang Group has announced that it plans to construct bonded warehouse facilities as well as shearing facilities in Jiulong Steel Logistics Park in Jiangsu. Accordingly, Shagang Group will invest ...

Tags: Shagang, steelmaker

Hebei Steel Mining Produced 694,600 Mt of Iron Ore Concentrate in January This Year

Feb 20, 2014

On February 17, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced that its subsidiary Hebei Iron and Steel Group Mining Co. (Hebei Steel Mining) produced 694,600 mt of iron ore concentrate in January this year, ...

Tags: Iron Ore, Concentrate

Daye Special Steel Co. Announced Its Results for 2013

Feb 20, 2014

On February 18, Hubei Province-based Chinese steelmaker Daye Special Steel Co. announced its results for 2013, stating that its operating revenues for the year amounted to RMB 7.44 billion ($1.23 billion), decreasing by 8.43 percent, while ...

Tags: Daye Special Steel, steelmaker

BlueScope Agreed to Acquire The Downstream Long Product Rolling and Marketing Operations

Feb 20, 2014

Australian flat steel producer BlueScope has announced that it has agreed to acquire the downstream long product rolling and marketing operations of Fletcher Building's Pacific Steel Group (Pacific Steel), based in Auckland, New Zealand. ...

Tags: Pacific Steel, flat steel

a New Production Facility for Assembled Cylinder-Head Modules Will Be Built

Feb 20, 2014

German steelmaker ThyssenKrupp has announced that it has begun the construction of a new automotive supply plant in Brazil. Accordingly, in the coming months a new production facility for assembled cylinder-head modules will be built in ...

Tags: Thyssenkrupp, Automotive Supply Plant

Ruukki Has Issued Its Financial Results for The Fourth Quarter and The Full Year of 2013

Feb 20, 2014

Finland-based steelmaker Ruukki has issued its financial results for the fourth quarter and the full year of 2013, reporting an operating profit of €8 million in the fourth quarter, compared to an operating loss of €34 million in ...

Tags: steelmaker, Ruukki

Toray Has Purchased Approximately 400 Acres of Land for Its Future Business

Feb 19, 2014

Toray Industries, Inc. has purchased approximately 400 acres of land for its future business expansion in Spartanburg County, SC. The Japanese company said it made the investment because it expects the United States to regain its ...

Tags: Sporting Goods, Recreation, Industrial Renaissance

UNFI Is Set to Establish a New Distribution Center in Prescott, Wisconsin

Feb 19, 2014

US-based United Natural Foods (UNFI) is set to establish a new distribution center in Prescott, Wisconsin, with an investment of $37.8m. Located in Eagle Ridge Business Park, the 300,000ft2 center will be the company's second distribution ...

Tags: United Natural Foods, Agriculture

CP Kelco to Expand Its Manufacturing Facility in Limeira, Brazil

Feb 19, 2014

CP Kelco, a US-based specialty hydrocolloids producer, plans to expand its manufacturing facility in Limeira, Brazil, to meet the fast-growing global demand for pectin. The plans come on the heels of the company's projects underway at ...

Tags: Pectin Production, Limeira Plant

Cal-Maine Foods Signed a Deal to Take Over 50% Stake in Delta Egg Farm

Feb 19, 2014

Cal-Maine Foods, a US-based egg producer, has signed a deal to take over the remaining 50% stake in Delta Egg Farm from Sunbest Foods of Iowa for $17m. With this development, Delta Egg Farm will become a wholly owned subsidiary of ...

Tags: Cal-Maine Foods, Delta Egg Farm

United Biscuits Acquired a Stake in A & P Foods

Feb 19, 2014

United Biscuits (UBUK), a UK-based manufacturer of biscuits and cakes, has acquired a stake in A & P Foods, a Nigeria-based biscuits manufacturer, for an undisclosed sum. The investment is in line with the company's overseas expansion ...

Tags: United Biscuits, Nigerian Biscuit