In China, surplus capacity and sliding prices are sounding the death knell for half of the companies making light emitting diode (LED) chips used in Samsung television panels and Sharp computer monitors, with only the large, state-backed ...
Tags: led chip
Setra intends to close down its Horndal pine sawmill in Avesta. The company announced on 14 May 2012 that associated negotiations with employee representatives were to begin on the basis of the Swedish Co-determination Act (MBL). Closure of ...
Tags: market view, pine sawmill
Anchor store Sears Appliances and Hardware will lock its doors for good this Friday, right before Memorial Day weekend. A fixture in North Lindenhurst since opening in 1997, Sears Hardware officially closed it doors to the general public on ...
Tags: Market View, hardware
AAF International is planning to close its 340 000 sq ft Hutchins plant in Texas by the end of September 2012. The closure will result in the loss of a majority of the jobs at the Hutchins facility. The AAF Hutchins plant, which produces ...
Tags: market view, AAF
Italian employees of injection moulding machine company Romi Sandretto have been staging a protest at the company’s stand at the Plast 2012 exhibition taking place in Milan this week. The protests have been peaceful Around 20 ...
Tags: market view
Surteco stopped making plastic edgebanding at a plant in Taicang,China run by its subsidiary Surteco Decorative Material at the end of 2011.This facility is still part of its Paper division.The firm linked this decision to sustained cost ...
Tags: Surteco Ceases Edgebanding Production, subsidiary Surteco in China
Associated British Foods has insisted it expects the performance of its grocery division to improve in the medium term as investments made to reduce its cost base begin to feed through to the bottom line. The company today(24 April)booked ...
Tags: investments, cost, EBITA
UPM-Kymmene intends to dispose of its Kajaani sawmill and its Heinola and Aureskoski processing plants by the end of 2012. The restructuring plans for the business units “Timber” and “Living” announced on 11 April ...
Tags: market view, sawmill
Stanley Black & Decker announced first quarter 2012 financial results. -- 1Q'12 Revenues Increased 12% To $2.7 Billion; Organic Revenues Up 3% -- 1Q'12 Diluted GAAP EPS, Including M&A Charges, Was $0.72 -- Excluding M&A Charges, 1Q'12 ...
Tags: Market View, hand tool
A joint venture between Engel, the Austrian injection moulding machine company, and Plastisud, the French mould maker, will offer turnkey systems for the production of sealing caps for water and soft drinks containers in China. The partners ...
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Husky Injection Molding Systems is not done pushing the envelope of thinner and faster, when it comes to packaging and medical moulding. A Husky official also said the company would break ground on a new plant in China. At NPE2012 in ...
Tags: market view
VANCOUVER, BC - Canfor said it has completed the acquisition of the Tembec Industries Ltd. 's southern British Columbia interior wood products assets. The $60 million deal, first announced Nov. 28, 2011, includes Tembec's Elko and Canal ...
Tags: market view, lumber
According to a Reuters calculation based on data released by World Steel Association, the daily rate of global crude steel production rose slightly in February 2012 from a month earlier, helped by a seasonal demand pickup in top producer ...
Tags: Industry Trends, fastener
The NPE 2012 exhibition takes place in Orlando, the US, on 1-5 April. Our preview takes a look at a selection of the machinery, materials and service companies that will be exhibiting at the fair. American Kuhne Stand 3551 American Kuhne is ...
Tags: market view
Corporate officials with the Flushing-based Gill-Roy's Hardware chain of stores say they have closed both of their Flint locations. They say the stores had been suffering from poor sales and deteriorating neighborhoods for more than a ...
Tags: Market View