Finland-based stainless steel producer Outokumpu has announced that it expects to reduce up to 2,500 jobs globally between 2013 and 2017, as part of its intention to significantly reduce its operating expenses and return the company to ...
Tags: Metallurgy, Mineral, Energy
Spanish food processing firm Ebro Foods has reported that its net earnings for the first quarter of 2013 increased by 2.1% to €32.9m, compared with €32.2m for the same period in 2012. For the quarter, the company posted a 5.4% ...
Tags: Ebro Foods, Foods
Austria-based cellulosic fiber manufacturer Lenzing AG has announced it will sell 85 percent of its shares in Lenzing Plastics GmbH to an Austria-based bidding consortium led by Invest AG, the investment arm of the Raiffeisen Banking Group ...
Tags: Textile
Iconix Brand Group, Inc announced financial results for the first quarter ended March 31, 2013. Q1 2013 Results for Iconix Brand Group, Inc.: Total revenue for the first quarter of 2013 was approximately $105.1 million, a 19% increase ...
Tags: Iconix Brand, Apparel
The announcement comes as the corrugated firm said it expects its revenues to be close to £3.7bn for the full-year to 30 April. SCA's former Shenstone facility produces point of sale and point of display products made from ...
Ennis, Inc. reported financial results for the quarter and fiscal year ended February 28, 2013. Highlights for the quarter include: Consolidated sales increased 1.7% - Print sales increased $7.4 million - Apparel sales declined $5.2 ...
Tags: Apparel, Ennis Apparel
April 22, 2013 - ABB announced it is acquiring Power-One Inc.—a provider of renewable energy and of energy-efficient power conversion and management solutions—for $6.35 per share in cash or $1028 million equity value. The ...
Tags: ABB, Consumer Electronics, Solar PV
The Etam Group generated sales of €1,216.9 million in 2012, including a positive currency impact of €40.3 million relating mainly to the appreciation of the yuan against the euro. This represents an increase of 2.8% versus 31 ...
Tags: Etam Group, Apparel
Sault Ste. Marie, Ontario-based flat rolled sheet and plate steelmaker Essar Steel Algoma announced Wednesday that its parent companies will provide $50 million of credit support to reinforce the company's liquidity position. The Company ...
Tags: Essar Steel, Liquidity
Reportedly, Fitch Rating has affirmed the long-term Foreign Currency Issuer Default Rating of Tata Steel Limited as "BB+." Tata Steel UK Holding is also affirmed "B+" that reflects the negative outlook for the Indian based steel maker. Tata ...
Tags: steel, Metallurgy, Mineral, Energy
In spite of difficult market conditions in its core fiber business, the Lenzing Group succeeded in achieving the second-best business result in its history in the 2012 financial year. This can be attributed to new record fiber sales volumes ...
Tags: Textile, Textile Industry
International credit ratings agency Fitch Ratings has affirmed the credit rating of the Indian steel giant Tata Steel Limited at BB+, while the outlook remains negative. The negative outlook continues to reflect Fitch's expectations of ...
Tags: Fitch Affirms, Tata Steel
The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) released its financial results for 2012, MMK posted a net loss of US$94 million for 2012, rising from a net loss of US$125 million in a year ago. In 2012, the company realized ...
Tags: steelmaker, Iron, Steel
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong same-store sales growth at Hudson's Bay in Canada and early progress on cost reduction ...
Tags: Hudson's Bay, Apparel
Russian mining and steel group Mechel has announced its financial results for 2012. In 2012, Mechel saw a net loss of $1.66 billion compared to a net profit of $727.9 million in the previous year. In 2012, the company's operating income ...