U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products. The ...
Tags: U.S.Factory, Solid Gains
The European aluminum foil market was stable but largely flat in 2013, with output edging up from 2012 levels, according to figures released by the European Aluminium Foil Association. "The outlook for 2014 is viewed optimistically, with ...
The U.S. textile industry has seen a surge in foreign direct investment over the past 8 months. No less than 8 foreign companies have made public announcements over that period to invest more than $700 million in new U.S. textile facilities ...
Tags: Textile Sector, Yarn-Forward Rule
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas developer, has become the first Chinese firm licensed to look for oil in the Arctic, a landmark step for overseas energy exploration for the world's ...
Tags: Arctic Oil, Mineral
IT spending by oil and gas companies across the Middle East and Africa in 2014 will primarily be driven by ambitious infrastructure investment plans, the modernisation of operational processes, and the quest to add more value to the ...
Tags: Oil, Gas, Computer Products, IT
Twice as many businesses intend to increase their levels of capital investment in the months ahead compared to those which will reduce their spending, with Australia’s record low borrowing costs and steady levels of confidence about ...
Tags: Economic Growth, logistics
Taiwan technology giant Foxconn group has signed a letter of intent to invest up to $1 billion in Indonesia as it seeks to diversify production away from China, officials said Sunday. Foxconn, also known by its Taipei-headquartered mother ...
The Steel Chamber Argentina reported that steel production in November was 18.7 percent higher (395,400 tons) compared to November last year.The increase is largely explained by some plant outages made last year resulting from investment ...
Tags: steel, metallurgy
UK-based dairy farmer co-operative First Milk has decided to invest £7m to construct a new effluent treatment plant and equip new boilers that will use natural gas at its Haverfordwest Creamery in Pembrokeshire. The new projects ...
Tags: First Milk, Effluent Treatment
SuperGroup Plc (‘SuperGroup’ or ‘the Group’), owner of the Superdry brand, announces interim results for the 26 weeks ended 27 October 2013. Financial highlights: • Retail revenue up 19.3%; like-for-like ...
Tags: Supergroup, Apparel
Volkswagen of America (VWoA), a subsidiary of Volkswagen AG, has reported sales of 30,727 units in November 2013, compared to the sales of 36,727 units in the same period last year. The luxury carmaker has also reported year-to-date sales ...
Tags: Volkswagen, luxury carmaker
Vale announced Monday that it plans to invest $14.8 billion next year, the third consecutive decline as the company focuses on lower-risk projects. The $18 billion spent on investment in 2011 was a budgetary peak. According to a company ...
Tags: investment, mineral
Cargill, a US-based agribusiness company, is set to invest £35m to upgrade and enhance its poultry processing business in the UK. The three-year investment is a part of Cargill's strategy to focus the business on the retail sector ...
Company profit expectations have reached their highest level since 2003, with Australian businesses anticipating a jump in takings in the New Year on the back of stronger sales and firming selling prices. Continuing initial positive ...
Tags: Business Earnings, economy
Mack Trucks says it is reducing the CO2 output from its Macungie truck plant by 215.3 tons per year, as a result of working with Environmental Defense Fund (EDF) to identify ways to reduce its energy consumption. This is the third year ...
Tags: Transportation, auto parts, Truck