Cleveland, Ohio-based Cliffs Natural Resources Inc. has announced that it is further reducing its expected 2014 capital spending range by approximately 25 percent, or $100 million, to $275-325 million. Cliffs indicated that the lower ...
Tags: Iron Ore, Natural Resources
Evraz Highveld Steel and Vanadium, South African subsidiary of Russia-based steelmaking and mining giant Evraz, has announced its financial results for the first quarter this year, posting a net loss of ZAR 105 million ($10 million), ...
Tags: Steel, Highveld Steel
Major Indian steelmaker JSW Steel (JSW) has announced its financial and operational results for the fourth quarter ended March 31 of the financial year 2013-14, posting a net profit of INR 4.62 billion ($78.4 million), up 40.8 percent year ...
Tags: JSW Steel, steelmaker
Iranian petrochemical traders currently sell all their products on a CFR basis in Asia instead of FOB to avoid payment issues, trade sources in Iran and Dubai said Tuesday. "We sell products on a CFR basis in countries like China so as to ...
Tags: Petrochemical
China-based polysilicon and solar wafer maker LDK Solar has obtained syndicated loans of CNY2 billion (US$321 million) from 11 local banks to ease its financial troubles, according to a report. State-run China Development Bank arranged ...
Tags: polysilicon, solar wafer
Automobile components manufacturer JBM Group is reportedly planning to invest INR7bn ($118.77m) in automobile component business in India over the next two years. The move is part of the company's plans increase its annual revenues from ...
Tags: Automobile Component, JBM Group
SAP AG announced the SAP Fashion Management application, developed in collaboration with leading fashion brands and retailers, as well as through a collaboration with attune consulting. Initially announced in January 2014, SAP Fashion ...
Superior Uniform Group, Inc., announced Michael Benstock, CEO of Superior Uniform Group, is a finalist for the EY Entrepreneur of the Year 2014 Award, Florida, in the Distribution and Manufacturing category. Award recipients will be ...
Tags: Superior Uniform
Q1 net income rose 203% to TWD349,244,000 from TWD115,473,000 in the period ended Mar.31. Quarterly revenues were 10% higher at TWD3,662,531,000 versus TWD3,317,348,000. Matrix Fitness, the commercial fitness arm of Johnson Health Tech, ...
Tags: Johnson Health Tech
Net income rose 8% to $28,388,000 from $26,214,000 for the period ended May 3 despite decelerating monthly comps during the period. Revenues increased 9% to $261,909,000 from $239,993,000 as the retailer opened a record 16 doors and ...
Tags: Hibbett, product margins
LED epitaxial wafer and chip maker Epistar has obtained orders for high-voltage (HV) LED chips from Philips Lumileds Lighting, Osram and General Electric, with shipments to begin in second-quarter 2014, according to the Chinese-language ...
Tags: HV LED Chips, chip
In its financial results according to international financial reporting standards (IFRS) for the first quarter of the current year, Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest posted a 58.2 ...
Tags: hot briquetted iron, iron ore
In its financial results according to international financial reporting standards (IFRS) for the first three months of the current year, the net loss of Russian pipemaker TMK totaled $16 million compared to a net profit of $85 million in ...
Tags: TMK, TMK's sales
Fila Korea generated a 36% increase in consolidated operating income to KRW29,603 million from KRW21,705 million. Consolidated revenues rose 17% to KRW199,264 million from KRW170,564 million. Amongkey segments, Outdoor sales rose 17% to ...
Tags: Fila Korea
LCD monitor shipments are expected to reach 135 million units in 2014, according to market observers. The number represents an on-year decline, down from 140 million in 2013. TPV is expected to hold a 37.4% share in 2014 followed by ...
Tags: LCD Monitor, LCD