Osram has signed a contract with the Wuxi New District Administrative Committee to build a new assembly plant in the Chinese province of Jiangsu. LED chips will be packaged in housings at the new backend facility starting in late 2013; with ...
Tags: Osram, LED, China, lighting sector, LED chips
Europe's coatings companies, especially the multinational ones, are reasonably confident they can continue to increase their sales in the short- to medium-term, unless the world is plunged into a second recession. But they are much ...
Tags: coating, Europe, recession, sales, interim results
South African packaging company Nampak has announced that the group revenue for the year ended 30 September 2012 increased by 12% to R17.6bn ($1.9bn). Revenue from the rest of Africa rose by 55% to over R2bn ($223m) with a contribution ...
Tags: Nampak, 2012, group revenue
Slovenian retailer Mercator has warned of rising raw materials costs and "profound recession" in many of its key markets after swinging to a net loss in the first half of 2012. For the six months to the end of June, Mercator reported net ...
Tags: Mercator, raw materials, key market, food market, net loss
Slovenian food retailer Mercator revealed yesterday (13 November) that it generated a loss in the first nine months of the year despite flat sales. Mercator booked a loss of EUR22m (US$27.96m) in the first nine months, down from a net ...
Tags: Mercator, flat sales, loss, company news
UK cake manufacturer Finsbury Food Group today (24 September) reported an increase in full-year profits after seeing sales exceed GBP200m (US$324.3m) for the first time. The company booked profit after tax of GBP4.9m for the year to the ...
Tags: Finsbury Food Group, pension scheme, share option charges
Expects revenue of $14.3bn, plus or minus $500m for Q3 2012 Intel has reported 3.6% increase in second quarter revenue in 2012 to $13.5bn from $13.03bn it reported during the corresponding period in 2011. Intel's operating income was ...
Tags: Intel, operating income, multiple product introductions, smartphones
The company expects revenue of about $13.6bn, plus or minus $500m for Q4 2012 Intel has reported a revenue of $13.5bn for the third quarter of 2012, compared to $14.23bn it reported during the corresponding quarter in 2011. The ...
Tags: Intel, net income, operating income, Ultrabooks, phones
Irish food group Glanbia said today (7 November) it expects full-year profits to come in at the upper end of its guidance. In an interim management statement, Glanbia said that earnings per share, excluding currency exchange, are expected ...
Tags: Dairy, profits, nutritionals business
UK-listed Chinese sauce firm China Food Co. has insisted it has a "robust platform" for growth despite reporting a loss for the first half of the year. A jump in selling and marketing costs pushed China Food Co. into the red in the six ...
Tags: Chinese sauce, robust platform, "premium"soya sauce brand Xaka
"Weak" global consumption of chocolate hit profits at Singapore chocolate and cocoa group Petra Foods in the third quarter. Petra said its cocoa ingredients division started the year on a "positive" note but said the industry is facing ...
Tags: Petra Foods, chocolate, Singapore chocolate, cocoa
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
Russian retailer Dixy has booked an increase in nine-month sales, boosted by its acquisition of rival Victoria. Group sales in the January to September period climbed 56.2% to RUR106.74bn (US$3.41bn), while like-for-like sales grew 5.35%. ...
Tags: retailer Dixy, Dixy, sales, hypermarket
PTI reported that Essar Energy plc, an India focused integrated energy company, reported a 18% rise in core earnings in the 6 months ended September 30th 2012 on back of its British Stanlow refinery turnaround. The London listed firm said ...
German carmaker Audi Group has reported 16.2% rise in its revenue to EUR25bn when compared to the same period in 2011 boosted the increase in vehicle sales. The carmaker's operating profit increased to EUR2,876m reporting a 13.2% rise ...
Tags: Audi, revenue up, boost