Hostess Brands has won permission from the US Bankruptcy Court for the wind down of its business and the sale of its assets. A New York judge yesterday (21 November) approved the company's motion for the wind down after the firm was ...
Tags: bidders, assets, bakery union
PTI reported that L&T Infrastructure Development Projects has achieved financial closure for 2 of its road projects in Maharashtra. The company in a statement said that financial closure for the projects which will be funded by an ICICI ...
Tags: PTI, L&T Infrastructure Development Projects, road projects
Philips Lighting plant in Bath has held a meeting on Wednesday, and told workers of the impending closure. It wasn't immediately clear when layoffs will begin, but the company told employees that the plant will close by the end of 2013, ...
Tags: Europe Philips Lighting, Lighting
Russia meat producer Cherkizovo has reported higher sales from both its poultry and pork divisions in the first nine months of the year. In a regulatory filing yesterday (31 October), the company said poultry sales volumes increased by ...
Tags: meat producer, poultry and pork, product mix
Posted by Rick Lingle, Technical Editor -- Packaging Digest, 11/26/2012 10:04:01 AM As packaging professionals well know, the words "high-end packaging" and "short-run" typically do not appear in the same sentence. To achieve the highly ...
Tags: short-run packaging, high-end packaging, digital die-cutting
French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon. The sale, announced today (31 October), was made for an enterprise value of EUR250m (US$324.1m). The transaction, Carrefour said, is part of its ...
Tags: Carrefour, retail giant, Aeon, transaction
Shares in Kettle Chips owner Diamond Foods tumbled today(10 December),the first day of trading after the US snack group reported a fourth-quarter loss. Diamond's stock was down almost 9%today after the company booked a loss of US$32.9m ...
Tags: Diamond Foods, stock, financial results, loss
Swiss meat processing company Bell Group said it is "holding up well", despite booking a drop in first-half profits today (9 August). The company said it faced a "difficult" trading environment in the six-month period as net profit ...
Tags: Bell Group, meat processing company, meat, meat processing
General Motors has announced a plan to buy back 200 million shares of its stock currently held by the US government,purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 global financial crisis. ...
Tags: GM, buy back US government bailout stock, Dan Akerson, stock buyback
APTMA Punjab Chairman Shahzad Ali Khan has said that textile industry in Punjab is under serious threat of capacities closure due to gas supply suspension on the one hand and six to eight hours announced/unannounced electricity load ...
Tags: APTMA Punjab, textile industry, gas supply suspension, Punjab
Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
UK own-label firm Bakkavor has reported an "improvement" in its revenue and margins in a set of mixed half-year numbers. The company booked a 3% increase in like-for-like revenue for the first six months of 2012 to GBP853.3m (US$1.34bn), ...
Tags: Bakkavor, improvement, H1
South Korean beverages producer Lotte Liquor has selected lightweight, tamper evident AS-Lok mini 28mm closures from Closure Systems International (CSI) for its Soju line of liquors. The new one-piece linerless AS-Lok mini closure is ...
Tags: Lotte Soju, short-height bottle, PET bottles, AS-Lok
Health insurer Independence Blue Cross (IBC) has expanded its relationship with Inovalon (the new name of MedAssurant). Under the expanded partnership, the health insurer will implement Inovalon's Star Advantage and INDICES solutions to ...
Tags: health insurer, Independence Blue Cross, Inovalon, measurement system
Paper and packaging giant in the US, International Paper (IP) has announced the closure of its Santa Paula container plant by the middle of June. IP regional general manager Shawn Todino said that the company's acquisition of ...