Nigeria has emerged as the second-largest importer of US jet fuel and has also started bringing in atypical US kerosene barrels, according to data released Tuesday by the US Energy Information Administration. Nigeria imported 864,000 ...
Tags: Jet Fuel, jet trader
Luxottica Group reported net sales fell 1.2 percent to €1.8 billion in the first quarter ended March 31, but were up 4.2 percent in currency-neutral (c-n) terms as unfavorable exchanger ates, North America's harsh weather and weak ...
Tags: Sporting Goods, Recreation
David Beeby, chief executive officer of Innovia Group, made an announcement on April 28: "We are delighted that we will be partnering again with Arle who have worked closely alongside us since 2009. They share our vision for the future and ...
Mexico-based food company Grupo LALA has posted a 69.8% increase in its Q1 2014 net income to MXN795.7m ($60.6m), compared to MXN468.6m ($35.7m) in the same quarter last year. The company reported a 6.7% rise in year-on-year sales, and ...
Tags: Agriculture, Food
U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil, and most of the world’s other major economies. So says a new private study, which found that rising wages and higher ...
Tags: Chinese electricity
The speciality films manufacturer was bought by Candover in 2004. According to Innovia, Arle's acquisition means "ownership remains with funds managed by the same international private equity company". David Beeby, chief executive of ...
Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom Rack at Winrock Town Center in Albuquerque, N.M. The approximately 33,500-square-foot store is scheduled to open in fall 2015. The new Nordstrom Rack will be the company's ...
US-based auto components supplier Modine Manufacturing is planning to shut down its manufacturing plant in McHenry, Illinois. The move, which would result in loss of about 135 full-time employees, is part of Modine's proactive plan to ...
Tags: Automotive Parts, auto components
The Secretariat of Economy (SE) of Mexico published a resolution this week that announces the antidumping investigation on imports of cold rolled steel sheet originating in China, regardless of the country of origin. The document ...
Chicago Board of Trade May soybean oil futures Thursday were down 11 points to 42.39 cents/lb despite weekly data from the US Department of Agriculture showing a slight rise in net export sales. For the reporting week ended April 17, ...
Tags: Soybean, Oil Futures
US natural gas prices will remain in the $4/MMBtu range this year while production growth in Appalachian shales will continue to be feverish, a consultant's new study and Barclays said Thursday. The energy consultants at Arlington, ...
Tags: Natural Gas, natural gas prices
Alacero, the Latin American steel association, has reported that in the first two months of this year apparent finished steel use in Latin America and the Caribbean totaled 10.8 million mt, up one percent year on year. The highest increases ...
Tags: Finished Steel, crude steel
Louisville, Kentucky-based Steel Technologies LLC announced Tuesday its agreement to purchase Stripco LLC, Stripco Sales Company, LLC, and Stripco Express Inc. (collectively, “Stripco”). Stripco is a premier value-added steel ...
Tags: Steel Technologies, Steel
The Mexican National Chamber of the Iron and Steel Industry (CANACERO) denied this week that there is injury to the US steel industry, since all steel trade with the US is part of the North America Free Trade Agreement (NAFTA) and total ...
Tags: Rebar Market, Iron, Steel Industry
Packaging firm Sonoco's rigid plastics facility in the US has secured LEED (Leadership in Energy and Environmental Design) Silver Certification from the US Green Building Council. Located in the Beauty and Home Care Campus of New ...