Foton announced that DONGFANG Precision will make acquisition of 10% Pride Power Company stock held by Foton with the price of 475 million Yuan. And they will pay for the acquisition with stock and cash. In 2010, Foton equity invested 10 ...
Tags: Foton, DONGFANG, Pride Power Shares
Grundfos has appointed Thomas Morrison as executive vice president of the company’s US Water Utility business. Reporting directly to Jonathan Hamp-Adams, the recently appointed general manager of Grundfos USA, Morrison will have ...
Tags: Grundfos, executive vice president
Operating profit excluding special items was strong at $97m despite the third quarter being seasonally the weakest due to the summer holiday period in the northern hemisphere and the scheduling of annual maintenance work during the period. ...
Mondi announced half-yearly results for the six months ended 30 June 2016. Highlights Continued strong financial performance on all key metrics Underlying operating profit of €529 million, up 8% Underlying earnings of ...
Tags: metricsUnderlying, Uncoated Fine Paper, Fibre Packaging
CCL Industries, a specialty label and packaging solutions for global corporations, small businesses and consumers, reported 2016 second quarter results. Sales for the second quarter of 2016 increased 33.1% to $960.2 million, compared to ...
Frigoglass SAIC announces audited results for the quarter and six months ended 30 June 2016. Second Quarter 2016 Highlights Sustained recovery in West Europe (+27% y-o-y) driven by ICOOL’s penetration in Coca-Cola bottlersOngoing ...
Tags: Frigoglass SAIC, beer market, Glass business
The payoff of Taiwanese fastener makers' effort on going upmarket is a major growth drive for the industry's sustainable development (in the photo are the high-strength, quality-approved bolts and fixings for rail construction). Although ...
Tags: Fastener, industrial parts
For second-quarter 2016, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $75.3m, down 8.6% on $78m last quarter and 42.7% on $131.4m a year ago, consistent with ...
Tags: Veeco, LED industry
BMW has reported a 11% increase in its profits for the second quarter of this year due to strong sales of its three car brands. The net profit for the period between April and June end was €1.94bn, compared to €1.74bn for the ...
Glatfelter reported second-quarter 2016 net income of $2.0m, or $0.04 per diluted share compared with $2.8m or $0.06 per diluted share in the second quarter of 2015. Adjusted earnings for the second quarter of 2016 were $2.8 million, or ...
Tags: Glatfelter, Specialty Papers
Greiner Packaging has established a joint venture (JV) company in India, in a bid to expand its operations in the country. The European company, along with Indian plastic packaging firm Century Ultrapack, has established a new JV firm ...
TriMas announced financial results for the quarter ended 30 June 2016. The Company reported second quarter net sales from continuing operations of $203.3 million, a decrease of 9.6% compared to second quarter 2015. The Company reported ...
UK-based packaging company Macfarlane Group has agreed to acquire Leicester based Nelsons for Cartons and Packaging (Nelsons) for a maximum of £6.75m. The deal, which is subject to certain trading conditions, is part of ...
Tags: Macfarlane Group, Macfarlane
YPB Group has expanded its Protect solutions suite with the introduction of anti-theft solutions for retail business. The company will deliver anti-theft solutions such as radio frequency (RF) and acousto-magnetic (AM) pricing and product ...
Tags: YPB Group, self-alarming tags
South Korea’s paper manufacturer Hansol Paper will speed up deleveraging effort to improve financial state that includes rights offering to be able to afford to venture into new areas for growth. Debts shot up as the company shifted ...
Tags: Hansol Paper, Paper