The global economy seems to be turning the corner and now heading upwards, with developing economies clearly in the front seat, as stated by Kim Marti Subirana of Celsa Group at the SteelOrbis 2013 Spring Conference & 68th IREPAS Meeting ...
Tags: Raw material, Steel Prices, Steel
The zero excise duty on cotton textiles at fibre, yarn, fabric and garment stages announced in the Union Budget 2013-14 will help reduce prices of end products, according to India Ratings & Research (IRR), a Fitch Group Company. The ...
Tags: cotton textiles, fibre, yarn, fabric, garment stages
On February 28, Jiangsu Province-based Chinese steelmaker Shagang Co., Ltd issued its financial results for 2012. Accordingly, Shangang Co. achieved an operating revenue of RMB 12.143 billion ($1.9 billion) in 2012, down 19.04 percent ...
Tags: Shagang, steelmaker, steel
The Competition Commission of India (CCI), the country’s fair trade regulator, has closed the case against the Coimbatore-based textile machine maker Lakshmi Machine Works (LMW). The case against LMW was filed by Shahi Exports ...
Tags: CCI, textile machine maker, LMW
The wide-ranging survey, covering the whole UK plastics sector, also looked into areas such as profitability, exports and skills needs. A total of 100 companies participated and it asked how they saw 2013 shaping up. According to the BPF, ...
Tags: wide-ranging survey, UK plastics sector, profitability
China Steel Corp. (CSC) and Chung Hung Steel, the two major carbon steel producers in Taiwan will announce new price separately next week. Market participants expected that CSC might hike its price for April and May. Stimulated by ...
Tags: Chung Hung Steel, Steel, steel producers
US pasta and pesto manufacturer Armanino Foods has recorded an increase in full-year earnings, despite battling rising raw material prices as a result of the US drought. Net profit amounted to US$2.88bn in the 12 months to the end of ...
Tags: Armanino Foods, full-year earnings, raw material prices
Swiss meat processing company Bell Group has booked an increase in full-year profits, despite what it claims has been a "demanding" market environment. In the 12 months to the end of December, net profit climbed 5.9% to CHF75.8m ...
Tags: meat processing company, Bell Group, full-year profits
The relentless rise in raw materials costs, which has been hitting European coatings producers over the last 2-3 years, has at last been easing. But the relief from the constant pressure of rising input prices may be short lived. The ...
Tags: raw materials costs, European coatings producers, input prices
Indian state-owned steel producer Steel Authority of India Limited (SAIL) has announced its financial results for the third quarter and the first nine months ended December 31, 2012 of the Indian fiscal year 2012-13. Accordingly, in the ...
Tags: steel producer, Steel, Mineral
Reportedly, Finnish stainless steel producer Outokumpu and ThyssenKrupp Nirosta planned to align alloy surcharge price lists from March this year while they were quoted separate alloy surcharge price lists for February this year. ...
CALHOUN, Ga. — January 28, 2013 — Mohawk Industries, Inc. (NYSE: MHK) announced today that it has entered into an agreement to purchase Spano Invest NV ("Spano"), a Belgian panel board manufacturer, for €125 million ($168 ...
On January 29, Jiangsu Province-based Nanjing Iron and Steel Union Co.(NISCO) issued its anticipated financial results for 2012. Accordingly, Nanjing Steel has estimated a net loss of RMB 580 million ($92 million) for 2012, compared to a ...
Tags: Steel, Iron, steel market
Russian steelmaker Novolipetsk Steel (NLMK) has announced its production and sales data for the fourth quarter and full year ended December 31, 2012. According to the company statement, NLMK's crude steel output in the fourth quarter ...
Tags: crude steel output, crude steel, Steel
Scottish food manufacturer Browns Food Group has acquired the Hall's brand from Dutch multi-national Vion for an undisclosed sum, safeguarding 50 jobs. Browns' aquisition of the Hall's brand has saved 50 jobs Browns finance director ...
Tags: Food Group, food manufacturer, meat industry