Global packaging company Sonoco has announced that it has acquired Germany-based Weidenhammer Packaging Group for $360m (€286m) in cash. Weidenhammer specializes in producing composite cans along with composite drums and rigid ...
China New Borun Corporation has announced its unaudited financial results for the third quarter of 2014. Mr. Jinmiao Wang, Chairman and Chief Executive Officer of Borun, commented on the results, "We're pleased that this third quarter ...
Tags: China New Borun Corporation, financial results, Agriculture
One Equity Partners (OEP) will go ahead with the sale of Austrian flexible packaging company Constantia Flexibles after it failed to list the company on the stock exchange. JP Morgan owns 50% of OEP and has received expressions of ...
Tags: One Equity Partners, packaging company Constantia, Agriculture
Lassonde Industries posted sales of $315m in the third quarter of 2014, a 22.3% increase year over year. Profit attributable to the Company's shareholders for this period totalled $10.6m, down $0.6m from the third quarter of 2013. "Our ...
Tags: Financial results, Apple&Eve, Agriculture
Ahead of the Chancellor’s Autumn Statement in December, national business group the Forum of Private Business (FPB) has written to George Osborne with a list of top business wants that will provide much needed the short-term support ...
Tags: tax, late payment, Autumn Statement, Furniture
Industrial & Commercial Bank of China (601398.SHA) will become a clearing bank for RMB transactions in Canada, The Wall Street Journal reported, citing a statement from China's central bank. The announcement comes one day after China and ...
Tags: ICBC, RMB Transactions, Service
The high level of government savings deposits could prove detrimental to long-term economic growth, even as concerns mount over ballooning local government debt in China, a report said on Wednesday. Total bank deposits held by government ...
Chinese steelmaker Shandong Iron and Steel Group (Shandong Steel) has announced that on November 14 it plans to issue short-term bonds worth RMB 3 billion ($0.49 billion) for a term of 365 days, in its fifth short-term bond issue in the ...
Tags: steelmaker, Shandong Steel
Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of ...
Tags: Bike Components, Sporting Goods
Renewable-energy power plant developer Focusic New Energy Holding Co Ltd of Zhengzhou, China and concentrating photovoltaic (CPV) solar system maker Soitec of Bernin (Grenoble), France, have announced that the second phase of the Hami ...
Spot import premiums for London Metal Exchange-registered brands of copper cathode on a CIF China basis generally remained steady but displayed signs of slipping amid persistent weakness in the physical buying interest, market sources said ...
The State Council of China decided to open the bank-card clearing business to both domestic and foreign investors to open wider to the outside world. A statement released by the The State Council said that the qualified domestic and ...
Tags: Bank-Card Clearing
Intel Corporation, America’s top semiconductor chips manufacturing company, has launched Intel Data Protection Technology for Transactions solution for end-to-end encryption of consumer and financial data for online retailers. The ...
Tags: Intel Corporation, Technology, Textile
The UK Green Investment Bank (GIB) is financing energy efficiency improvements at the Royal Brackla Distillery, run by John Dewar & Sons, in Nairn, Scotland. The funds will be utilized, among others, for the installation of a biomass ...
Tags: UK, Green Investment Bank, Food
US media reported that Apple sold 10 million iPhones in the opening week, breaking its previous record. Apple is now the second most profitable company by selling highly sophisticated products with high profits. The Industrial and ...
Tags: Most Profitable Company, ICBC