Major players in Indonesia's cement industry have each posted solid growth in revenue in the first half of the year on the back of solid demand for the building material, but that has not translated into profitable results for all of them. ...
Tags: Cement, Construction
In the course of the first half of 2013, Titan further strengthened its fundamental financial metrics, increasing sales, generating positive free cash flow and further reducing net debt. The robust recovery in the USA and resilient demand ...
Tags: Construction, Decoration
PGT Industries (PGT), a supplier of residential impact-resistant doors and windows, has promoted Brad West to vice president and controller. In his new role, West will oversee PGT’s accounting and finance departments, as well as its ...
Tags: PGT Industries, Brad West
American International Group (AIG) has reported net income attributable to the company of $2.7bn, or $1.84 per share, for the quarter of 2013, up by 17% compared to $2.3bn, or $1.33 per share during the corresponding period earlier year. ...
Cache Inc., a specialty chain of women’s apparel stores, announced that Anthony DiPippa (“Tony”) will join the Company as Executive Vice President, Chief Financial Officer on August 7, 2013. Mr. DiPippa, succeeds Margaret ...
Tags: Anthony Dipippa, Cache
Dr A Sakthivel, Chairman AEPC has written to Union Finance Minister, Shri P Chidambaram, on the demand of Garment Exports to give separate chapter for interest rates in export sector. In his letter Chairman AEPC wrote, “Reserve Bank ...
Tags: Export Sector, AEPC
The government has announced increase in the rate of interest subvention from 2% to 3% to the exporters belonging to various sectors. It has been mentioned that all pending claims would also be cleared immediately. Welcoming the decision, ...
UK-based pork products supplier Karro Food has secured a new £60m funding from finance firm GE Capital to invest further in its operations and strengthen its presence in the market. This development comes after Karro Food carried ...
Tags: Pork Processor, Karro Food
Solvay announces Bernard de Laguiche's decision to end his 26-year career at Solvay of which 7 years as Group Chief Financial Officer and has appointed Karim Hajjar as his successor. Bernard de Laguiche, a Brazilian and French national, ...
Tags: Solvay, Karim Hajjar
Celtica Foods, an associate company of Castell Howell, is set to invest £2.8m to expand its meat processing facility at Cross Hands Food Park, Wales, a move which will create 32 new jobs over the next five years. Celtica Foods ...
In the second quarter of 2013, we generated a profit of $201 million compared to profit of $186 million for the second quarter of 2012. The increase was primarily due to lower finance costs in the second quarter of 2013. For the six ...
Tags: Profits, NOVA Chemicals
Dr A Sakthivel, Chairman, AEPC has welcomed the increase in rate of interest subvention from 2% to 3 %. In his statement issued Dr. Sakthivel thanked Union Finance Minister Shri P Chidambaram and Union Commerce Minister Shri Anand Sharma. ...
Tags: AEPC Chairman, Apparel
The Men's Wearhouse announced that Allen I. Questrom, who has more than 40 years of executive management experience in the retail industry, has been appointed to the Board of Directors, effective July 30, 2013. Doug Ewert, Men's Wearhouse ...
Tags: Men's Wearhouse, Allen Questrom
True Religion Apparel, Inc announced the appointment of David Conn as Chief Executive Officer and named a new leadership team that, together with the Company’s new owner, TowerBrook Capital Partners L.P. (“TowerBrook”), ...
Tags: True Religion
The Penske Automotive Group, Inc. has signed an agreement to acquire the Commercial Vehicles Group from Transpacific Industries Group Ltd. for a purchase price of $219 million. The completion of the transaction is subject to normal closing ...
Tags: Australian Truck