Textured Jersey Lanka PLC (TJL) recovered and bounced back in the second fiscal quarter of 2014-15, by reporting a quarter-on-quarter top line growth of 29% and its bottom line skyrocketing 72%. In the reporting quarter, TJL posted ...
Iconic denim apparel marketer - Levi Strauss & Co has partnered with IFC, a member of the World Bank Group to provide financial incentives for garment suppliers in developing countries. This new supplier finance program, which was ...
Tags: denim apparel marketer, Global Trade Supplier Finance, Apparel
Pakistan-based International Textile Ltd (ITL) has deployed SAP’s business software solutions by entering into a partnership with SAP, to bring technology-driven success across its international textile manufacturing. To support ...
The man-made fibre (MMF) industry in India has demanded that the Union Government implement a fibre neutral excise policy and remove bias and anomalies against the MMF industry. The MMG producers, represented by the Association of ...
Bangladesh based, Far East Industries Ltd will set up the country’s first compact yarn manufacturing facility. “The plant to be set up in Habiganj will be operational in 18 months at an approximate investment of Tk 150 ...
In the second quarter of fiscal 2014-15, revenues and EBITDA surged 22% and 21%, respectively, from a year ago quarter, at Welspun India, a part of the $3 billion BK Goenka led, Welspun Group. Steered by strong volume growth, revenue at ...
Tags: EBITDA margin, Welspun India, Textile
Denim jeans marketer, Levi Strauss & Co., will shed 500 jobs, primarily from signing a five-year strategic agreement with Wipro Limited, to outsource certain global business services. This decision comes in the new phase of its global ...
Bolton-based family-run furniture and home accessories company, Global Interiors, is set to dramatically expand its operation after receiving a £80k BFS Business Loan which is drawn from a £24m fund delivered by Business Finance ...
Tags: family-run furniture, Furniture
Pundits are again speculating about the future of the Affordable Care Act, more widely now referred to as Obamacare. Now that Republicans are poised to take over the Senate in January, while widening their control of the House, they are ...
Tags: Medical Device Tax, Medical Device
Revenue growth: Revenue grew by 2.3% in 3Q14 and by 5.3% in 9M14, with revenue per hl growth of 5.0% in 3Q14 and 4.5% in 9M14. On a constant geographic basis, revenue per hl grew by 4.9% in 3Q14 and by 5.2% in 9M14. Total volumes in 3Q14 ...
Tags: Beer volumes, Revenue growth, Agriculture
UK-based Plastics Capital has agreed to acquire packaging manufacturer, Flexipol Packaging, for a maximum consideration of £10.64m. Based in Lancashire, Flexipol produces plastic packaging products like vacuum bags, block bottom ...
AGI Global Holdings Coöperatief and AGI-Shorewood Group US Holdings, which together form ASG, will sell their North American and Asian print businesses to Multi Packaging Solutions (MPS) for an undisclosed amount. With this ...
Tags: Print Businesses, Multi Packaging Solutions, Agriculture
US-based Catalyst Paper Corporation will acquire the Biron paper mill and the Rumford pulp and paper mill for around $74m. The company has entered an asset purchase agreement with NewPage Corporation, NewPage Wisconsin System and Rumford ...
Visteon Corporation has completed the first and largest phase of the sale of its remaining automotive interiors business to Reydel Automotive Holdings B.V., an affiliate of Cerberus Capital Management, L.P. Headquartered in Michigan and ...
Wellspring Capital Management today announced that it has acquired Qualitor, a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. Financial terms ...
Tags: Wellspring Capital Management, asset-lite business model, Auto