Two of China's largest home appliances manufacturers are predicting huge losses for 2015. Sichuan Changhong Electric Co Ltd has forecast it will slip 1.97 billion yuan ($300.3 million) into the red, a staggering 3,455 percent fall ...
Tags: home appliances, TV
Chinese home appliance makers are giving dimensions of reality to the "Internet Plus" strategy championed by Premier Li Keqiang. Slowly but surely, they are pressing ahead with the task of integrating Internet technologies with their ...
The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...
Tags: Trafigura, oil prices, crude oil
Australian leading walnut producer Webster Limited yesterday announced that a ‘nut set issue’ will likely impact the company’s 2016 crop yield. Although Webster says the impact on the 2016 yield is still being assessed, ...
Tags: Webster, nut, walnut cropS
Chinese LED manufacturer Mason Technologies intends to acquire OML Technology for RMB 30 million (US $4.8 million). According to Mason Technologies, about RMB 28.2 million will be used to increase capital, while RMB 27.1 million will be ...
Tags: Mason Technologies, OML Technology, lighting
Aucksun’s financial statement for first half of 2015 revealed, the company’s revenue rose 9.73% from a year earlier in 2Q15 to RMB 732 million (US$ 126 million), with RMB 137 million net profit, translating into 31.27% ...
Tags: Aucksun, LED lighting, LED chips
Nestlé Lanka, a leading nutrition, health and wellness company in Sri Lanka, posted revenue of LKR 27.1 billion for the nine months period ending 30 September 2015 recording a growth of 8.6% vs previous year. The company reported a ...
Tags: Nestle Lanka, Dairy, milks
Up to 80% of the Chinese companies listed on the Over-the-Counter Bulletin board (OTCBB) reported significant revenue growth as of Aug. 3, 2015, according to LEDinside observations. Four LED companies listed on the OTCBB reported an ...
Tags: LED lighting, LED industry
As of Aug. 21, 2015, 14 Chinese manufacturers have released their financial results for the first half of 2015. Some have become more profitable, while others have continued to incur heavy losses. LEDinside takes a closer look into these ...
Nestle India has re-launched Maggi Noodles across store shelves in India just ahead of the festive season and the Swiss food giant is leaving no stone unturned to capitalize on the lost time as it seeks to expand the sales through ...
Tags: Nestle, instant noodles, Maggi
The world's largest wind turbine maker, Denmark-based Vestas', third- quarter results on Thursday were boosted by strong orders for its turbines as analysts reported the group was obtaining higher prices for its products. Vestas CEO ...
Tags: wind turbine, Vestas
Lighting vendor Tons Lightology had 10-15% of consolidated revenues for first-half 2015 coming from own-brand device sales and aims to increase the revenue proportion to 15-20% in the second half and over 20% in 2016, according to the ...
Tags: sales, Tons, Lightology
Wistron has announced its third-quarter financial results, reporting a drop in net profit by 54.7% on year to reach only NT$657 million (US$20.26 million) due to exchange losses from selling its service center in the Netherlands. Compared ...
China-based LED epitaxial wafer and chip maker San'an Optoelectronics saw revenues of CNY3.602 billion (US$576 million) and net profit of CNY1.447 billion for January-September 2015 increase 3.55% and 37.82% respectively on year, while ...