The National Board of Revenue (NBR) has decided to run a check on the tax payment of foreign workers in the garment factories in Bangladesh. The board has asked its field officers to prepare a list of workers who are illegally working in ...
Tags: NBR, Foreigners, Apparel
The Pakistan textile exporting industry has received a bonanza from the government in the form of a duty drawback on customs duty paid on import of raw materials used in manufacture of textile products meant for export. Through a ...
Tags: Pakistan Textile, Import, Textile
Lextar Electronics Corp of Hsinchu Science Park, Taiwan (a vertically integrated manufacturer of high-brightness LED epitaxy, chips and packages, as well as smart lighting products) and LED chip, lamp and lighting fixture maker Cree Inc of ...
Tags: Cree, Taiwanese LED Maker Lextar, Electrical
Universal Display Corporation (UDC), manufacturer of UniversalPHOLED technology and materials, has ranked 25th on the 2014 Fortune magazine list of the 100 fastest-growing public companies. Universal Display was New Jersey’s ...
Jiangsu Province-based Chinese steelmaker Shagang Co. has stated that in the first half of the current year it achieved an operating revenue of RMB 5.302 billion ($0.86 billion), up 2.75 percent year on year, while it recorded a net profit ...
Belgium-based Picanol Group, which is celebrating its 50th anniversary in China, saw its revenue plunge 28% year-on-year in the first six months of 2014, in what it called a significant slowdown period. Picanol reported sales of Euro ...
Tags: Sales, Picanol Group, Textile
Consumer goods suppliers continue to report growing business challenges. Yes, money is tight and market conditions are changing. But a new report from Honeywell has found that millions of dollars can be saved by evaluating and improving ...
Tags: Suppliers, Challenges, Packaging
Brazil’s Votorantim posted BRL 6.8 billion ($2.9 billion) in net revenue in the second quarter of 2014, the company said on Monday. Votorantim reverted a BRL 307 million ($134.66 million) loss registered a year ago to BRL 514 ...
Tags: Votorantim, Revenue, Metallurgy
Fujian Province-based Chinese steelmaker Fujian Sangang (Group) Co. issued its financial results for the first half of the current year on August 25, announcing a net loss of RMB 43.1284 million ($7.01 million) compared to a net loss of RMB ...
American packaging company Sonoco has agreed to acquire Germany-based Weidenhammer Packaging for an amount of approximately $383m (€286m). Sonoco president and chief executive officer M Jack Sanders believes the acquisition will help ...
Hain Celestial Group has reported strong fourth-quarter and fiscal-year sales and higher profits, mainly aided by distribution gains, new products and international acquisitions. Net sales for the fourth quarter ended 30 June totaled ...
Tags: Hain Celestial, Sales, Food
The company’s upholds a positive outlook, having made a production capacity breakthrough in June 2014, lowered costs in 3Q14 and optimized utilization rates and product portfolio. Optimistic about the emerging LED lighting market, ...
Tags: Lextar, Production Capacity, Lights
Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first half of the current year, stating that in the given period it achieved an operating revenue of RMB 97.598 billion ...
Tags: Baosteel, Financial Report, Metallurgy
Revenues rose marginally by 1.8 percent at China-based sportswear marketer Xtep International Holdings Limited for six months ending June 30, 2014. At a press conference attended by Ding Shui Po and Terry Ho, CEO and CFO, respectively at ...
US-based private-equity firm Oak Hill Capital Partners will acquire Berlin Packaging, a supplier of plastic, glass and metal containers for an amount close to $1.43bn, including debt. Oak Hill will pay a price for Berlin Packaging that is ...