Luxembourg-based glass and metal products firm Ardagh Group is delaying its previously planned initial public offering (IPO) for its wholly-owned subsidiary Oressa citing challenging IPO market conditions. Announced in June this year to ...
Tags: glass, metal products, metal can packaging
While Ford has made inroads into increased usage of aluminum sheet in its vehicles, it is still "too early" to expect additional steel-to-aluminum announcements from other major automakers such as Toyota and General Motors, Sean Stack, CEO ...
Tags: Ford, aluminum sheet, Steel
Crude oil shipments by Kirby's inland barge fleet continued to slide in the third quarter of 2015, as did the price that transporting those volumes can command, executives said during the company's Q3 earnings call Thursday. Kirby moved ...
The 849 MW FitzPatrick nuclear power plant in Scriba, New York, will be shut permanently by late 2016 or early 2017, due to "the continued deteriorating economics of the facility," Entergy said Monday in a statement. The unit is licensed to ...
Xcel Energy is confident it can cut carbon emissions by 60% by 2030 from 2005 levels at a negligible cost to customers, mainly by building two new natural gas plants, adding more than 2,000 MW of renewables and keeping its nuclear plants ...
Tags: Xcel Energy, Carbon Emissions, natural gas
Shell is to operate a standalone integrated gas division from the start of 2016 -- given the business's increasing importance to the overall group -- in a move that will also help Shell to integrate BG Group which it agreed to buy in April ...
Tags: Shell, Integrated gas, BG
Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
China's state-owned oil giants Sinopec and PetroChina reported a modest 1.73 million mt or 0.7% increase in their domestic oil products sales in the first nine months of 2015, but exports rose by 2.59 million mt or 12% in the same period, ...
For third-quarter 2015, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $140.7m, up 51% on $93.3m a year ago although up only 7% on $131.4m last quarter (which was the ...
Tags: LED market, LCD TVs
For third-quarter 2015, deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany has reported revenue of €54.6m, up 35% on €40.4m last quarter and up 19.7% on €45.6m a year ago due to increased scheduled ...
Tags: Aixtron, lighting market
Essentra has signed an agreement to acquire the pharmaceutical packaging assets of Kamsri Printing & Packaging for an undisclosed consideration, funded from the company’s existing facilities. Completion of the transaction is ...
Tags: Essentra, Printing Packaging
General Motors (GM) has announced its plan to add a second shift at Detroit-Hamtramck Assembly Plant in the US, creating 1,200 new jobs. The addition of second shift comes as the company plans to meet the expected market demand for the ...
Tags: General Motors, cars
Sonoco, one of the largest diversified global packaging companies, today reported consolidated financial results for its third quarter, ending 27 September 2015. Sonoco president and CEO Jack Sanders said: "We are encouraged by the ...
Irish food ingredients company Kerry Group has acquired three U-based companies Red Arrow Products, Island Oasis and Biothera Inc’s Wellmune for $735m, a move that will usher the company’s growth in nutritional solutions market. ...