Apparel exporters from Sri Lanka must try to further expand into emerging markets like India and China,A Sukumaran,former chairman of Joint Apparel Association Forum(JAAF)has said. Speaking at the 9th Annual General Meeting of ...
Tags: emerging markets, apparel exporters, JAAF
Reuters reported that Norwegian aluminium group Norsk Hydro hopes to pay an unchanged dividend on 2012 earnings as the global market continues to recover from a slump. The market outside China could grow 2% to 4% next year after this ...
Tags: Norsk Hydro, metal, aluminium
UK-based pulp‚ paper and packaging group Mondi has announced that it successfully acquired Nordenia‚ a worldwide operating manufacturer of flexible packaging‚ technical films‚ and product components for €259m. ...
Tags: packaging, Mondi, technical films
To Provide Manufacturers Greater Flexibility, Reduced Cost of Ownership and Improved Efficiency KLA-Tencor Corporation (NASDAQ: KLAC) today announced its next-generation light-emitting diode (LED) patterned wafer inspection tool, the ICOS ...
Tags: LED KLA-Tencor Corporation, LED, wafer inspection tool, defect inspection
Following the investment of 25 million euros in Beneq by RUSNANO in April 2012, and as a part of its planned expansion into existing and emerging markets, Beneq is opening a subsidiary company in Russia. The company’s operations in ...
Tags: Beneq, subsidiary company, Russia, existing and emerging markets
As a result of the extravagant flacons, jars and bottles that it manufactures and the first-rate service it provides, the Gerresheimer Group has evolved into one of the fragrance and cosmetics industry’s most significant glass ...
Swiss food company Nestlé has reported an 8.9% increase in profit to CHF 5.1bn ($5.2bn) for the first half of 2012, compared to CHF4.7bn ($4.8bn) in 2011, helped by higher pricing and strong demand from emerging markets. Sales ...
Swiss food company Nestlé's $11.85bn deal to acquire Pfizer's infant nutrition business has received approval from the Chinese Ministry of Commerce, a move which brings the company closer to completing the acquisition. ...
Tags: infant nutrition business, anti-trust bodies, baby food market
The Competition Commission of India (CCI) has approved Nestlé's proposed acquisition of Pfizer Nutrition business. CCI said that considering the instance that Pfizer is not involved in the Indian nutrition marketplace, it is not ...
Tags: acquisition, nutrition marketplace, business of nutrition
Principal Financial has signed a definitive agreement to acquire 100% of Chile's AFP Cuprum for $1.51bn, in an effort to widen its presence in emerging markets. The deal involves sale of 63% ownership in Cuprum held by Empresas Penta and ...
Tags: Principal Financial, Chile's AFP Cuprum, publicly traded shares
Dutch dairy cooperative Royal FrieslandCampina has reported that its profit for the first half of 2012 increased 8.7% to EUR138m, up from EUR127m in 2011, helped by volume growth and focus on international operations. Revenues increased ...
Tags: dairy cooperative, volume growth, international operations
US-based foodservice equipment company Middleby has acquired Stewart Systems Global, a manufacturer of baking systems for the food processing industry. Stewart Systems Global, based in Texas, US, specializes in the production of highly ...
Tags: foodservice equipment company, baking systems, food processing industry
Swiss chocolate products manufacturer Barry Callebaut has reported that its net profit for the fiscal year 2011/12 declined 8.5% to CHF241.1m ($255.49m), compared to CHF263.6m ($279.34m) in the same period the previous year, due to higher ...
Tags: chocolate products manufacturer, developed and emerging markets
ACE Group, a provider of insurance and reinsurance services has made new appointments to its Continental Europe team in a bid to boost investment in its information technology insurance segment. ACE Continental and Central and Eastern ...
Tags: ACE Group, insurance and reinsurance services, insurance services
Reuters reported that Italian car components maker Sogefi has ended talks to buy ThyssenKrupp's suspension business, Eibach Federn. Mr Rodolfo De Benedetti chairman of Sogefi said that "We have decided not to continue. We are focused on ...