Renesas has announced an early retirement programme for 7,511 employees. The company says it will"have little impact on on the Renesas Group's business operations including sales and production." Renesas has revenues of$10bn and 42,700 ...
The UK's largest dairy processor Dairy Crest has made a full-year net loss after incurring impairment charges at its dairies business. For the 12 months to the end of March, Dairy Crest made a pre-tax loss of GBP10.1m (US$5.8m) compared ...
Tags: Costs, Profits, dairies business
The global prestige beauty products brand Elizabeth Arden announced that it has made an investment in Red Door Spa Holdings, the operator of the Elizabeth Arden Red Door Spas and the Mario Tricoci Hair Salons privately owned by North Castle ...
Tags: celebrity fragrance, Elizabeth Arden, prestige beauty brands, Red Door
Like any maintenance supervisor at a busy stamping plant, 30-year manufacturing veteran Mike DeWitt's goal at Radar Industries in Warren, MI, is to keep his presses up and running. With per-press downtime costing $250 to $1,000 an hour, ...
Tags: maintenance supervisor, busy stamping plant, better equipment solution
Another quarter of lower sales of consumer products has hit overall revenue at Del Monte Foods. The US company today (22 June) reported a 1.7% fall in fourth-quarter net sales after sales of its consumer brands, which include canned ...
Tags: Consumer Brands, Del Monte, pet products
Russia meat producer Cherkizovo has booked an increase in nine-months earnings but warned of a "risk of pressure on pork prices" going into the fourth quarter. In the nine months to the end of September, net income grew 51% to US$158.7m, ...
Tags: pork prices, meat producer, meat processing
Spanish chocolate group Natra has returned to profitability in the first nine months of the year. In the January to September period, the cocoa and chocolate firm said it earned EUR1.9m (US$2.5m) compared to a net loss of EUR2.6m in the ...
Tags: Profit, net loss, business operations
Taiwan,China LED industries facing shuffle,says Epistar chairman Siu Han,Taipei;Jackie Chang,DIGITIMES[Monday 1 October 2012]The LED industry has been seeing rising sales but profitability has been decreasing in 2012.Biing-Jye Lee,chairman ...
Tags: Taiwan, China LED industries, shuffle, LED lighting market
French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Swiss chocolate maker Barry Callebaut has reaffirmed its mid-term guidance, depsite booking a drop in full-year profit. In the 12 months to the end of August, the company reported a net profit of CHF142.6m (US$151.7m), down from CHF178.6m ...
Tags: chocolate maker, chocolate, gourmet business, chocolate products
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
Dutch organic food specialist Wessanen has seen its second-quarter profits slide as a result of lower sales volumes and higher marketing spend. The company today (25 July) booked net profits of EUR3.1m (US$3.8m) in the quarter, down from ...
Tags: Wessanen, second quarter profit, marketing spend, sales volume
Spies Hecker has recently introduced Permasolid Spectro Sealer 5450, a premium 2K high solid system that can be used as a wet-on-wet sealer, underhood color or as a flexible sealer for plastic repairs. Fast and easy to apply, this low VOC ...
Taipei, Dec. 7, 2012 (CENS)--Hota Industrial Manufacturing Co., Ltd. of Taiwan, a major automotive transmission parts maker, recently said that it has just won two big, long-term orders, including a seven-year order from an Australia-based ...
Tags: Hota Wins Big, Transmission Parts Orders, transmission gears
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs