The Kellogg Company, a US-based food company, has outlaid a four-year global strategy, Project K, to amass considerable savings to be invested in core business areas of the company. With this project, the cereal maker expects pre-tax ...
Tags: Kellogg, food company
voestalpine AG plans to build 15 new plants with an investment of EUR 450 million in China by 2020, which include a special profile plant in neighbouring Shanghai, an automotive steel plant in Qinhuangdao and the second rail steel plant ...
Tags: steel, Construction
Teijin Limited announced today the establishment of Teijin Corporation (Thailand) Limited, a wholly owned subsidiary that will produce and sell newly developed meta-aramid fiber starting in July 2015. Production will be handled at a new ...
Tags: Textile
General lighting LED lamp sales taking off in US and APAC 29 Aug 2013 Although unit prices will drop off, both markets set for absolute growth over next 5 years, says analyst. Sales volumes of general lighting LEDs will flourish over ...
It is reported that General Electric intends to nearly double its LED lighting business in Asia next year from last year, ing the trend towards light-emitting diodes as the new primary lighting source. "This year we'll improve LED sales ...
Tags: LED lighting, GE
Glaston adjusts its outlook for 2013. We expect 2013 net sales to be on the 2012 level and both the EBIT excluding non-recurring items and EBIT to be positive. (Earlier forecast: Glaston expects 2013 net sales to be on the 2012 level and ...
Tags: Construction, Glass
BASF increased sales by 3% in the second quarter of 2013 to just under €18.4 billion thanks to higher sales volumes in all segments. Income from operations (EBIT) before special items decreased by 5% to around €1.8 billion. In the ...
Tags: Construction, Decoration
Georg Fischer generated sales of CHF 1,837 million during the first half-year of 2013, slightly lower than in the previous year. Adjusted for currency effects, divestments and acquisitions, the figure is equivalent to last year?s first ...
Tags: Processing Machinery
Tesco continues to struggle across Europe, with like-for-like sales excluding petrol down 5.5% as “tough economic conditions, challenging competitors and over-dependence upon out-of-favour hypermarkets” take their toll. ...
Tags: chilled convenience meals, frozen beef, Tesco, Darren Shirley
Propelled by a 25% increase in the first quarter at Vans and stronger gross margins, VF net income rose 26% to $270,417,000 from $215,216,000 for the three months ended Mar. 31 on a 2% revenue increase to $2,582,230,000 compared to ...
Tags: Vans, Outdoor&Action Sports
Clariant reported first quarter sales 2013 from continuing operations of CHF 1.526 billion compared to CHF 1.513 billion in the previous-year period, an increase of 2% in local currencies and 1% in Swiss francs. Organic growth of 2% was ...
Tags: Clariant, Construction
Energized by a surge of shipments in Asia, the global PV inverter market in 2012 bucked weak worldwide solar industry conditions to expand by 5% and break the US$7 billion level for the first time. Global PV inverter market revenue last ...
Tags: PV, PV inverter market, Lighting
US spot paraxylene jumped $55/mt this past week amid stronger demand from Asia, industry sources said Friday. Thursday's spot PX assessment of $1,445/mt FOB US Gulf Coast marks the highest level since March 25, when it was assessed at ...
Tags: US Spot PX, Chemicals
Despite a clear market slowdown in Europe, Georg Fischer generated a turnover of CHF 3.6 billion in 2012, 3 percent above the 2011 figure. On a like-for-like basis, sales reached the same level as in 2011. All three divisions both ...
Tags: Georg Fischer, turnover, sales in Asia
Pentair Ltd. announced fourth quarter 2012 sales of $1.8 billion, an increase of 103 percent from the prior year quarter excluding 1 point of foreign exchange impact, reflecting the Flow Control acquisition. Adjusted fourth quarter 2012 ...
Tags: Pentair, Flow Control, company news