General Motors is planning to invest $200 m at two of its plants in Michigan to prepare for its future vehicle program. In Orion Assembly plant, the compnay will invest $160 m for tooling and equipment while $40m will be invested in ...
Tags: Michigan Plants, General Motors, Auto
Nampak will sell its paper business to Ethos Private Equity on behalf of the Ethos Fund IV for around $14m (R1.575bn). The sale will include Nampak's corrugated, sacks and tissue divisions, but will exclude its shareholding in Sancella ...
Tags: Paper Business, Private Equity, Agriculture
Perry Ellis International reported sales declined 5.3 percent in the third quarter to $203.3 million, but managed to cut its loss in the period to $437,000, or 3 cents a share, from $3.0 million, or 20 cents, a year ago. Executives said ...
The private hospital sector is an emerging part of China’s healthcare market, and is expected to maintain double-digit growth over the coming years, driven by regulatory changes, market demand and capital investments. Specialty ...
Tags: Specialty Hospitals, Medicine
GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has appointed Darren Ma as VP & chief financial officer. Ma replaces Curt Sacks, who ...
Tags: fiber-optic, wireless networks, Electronics
By including five key items, Ashland Inc, posted a loss from continuing operations for the fourth fiscal quarter ended September 30, 2014 of $26 million, or $0.35 per diluted share. The fourth fiscal quarter of 2014 results include, five ...
Tags: key items, continuing operations, Apparel
In CMAI’s Apparel Index for the July to September 2014 quarter, ‘Big Brands’ scored an impressive growth of 9.98 points, while ‘Small Brands’ reached a meagre 4.24 points. “In fact, Small Brands low ...
Tags: Big Brands, CMAI's Apparel Index, Apparel
One of the biggest global PTA producers, BP said it plans to invest over $200 million to upgrade its PTA plants at Cooper River, South Carolina and Geel, Belgium. “Once completed, the investments will position these assets amongst ...
The free trade agreement (FTA) to be signed by Australia and China is expected to provide the former's dairy farmers tariff-free access to the latter's infant formula market over the next four years. Australian Government sources were ...
Tags: dairy farmers tariff-free, infant formula market, Agriculture
Mondelez International, the maker of Oreo biscuits and Cadbury's chocolate, posted a 11% decline in earnings in the third-quarter of fiscal 2014 compared to the same period a year ago, as a result of weaker revenues and higher expenses. ...
The Agricultural Marketing Service of the US Department of Agriculture (USDA) is calling for public opinion regarding the new beef ‘checkoff program’. This industry-funded research, promotion and information order will bolster ...
Tags: Beef industry, beef producers, Agriculture
Premium Brands, a producer, marketer and distributor of branded specialty food products, announced its results for the third quarter of 2014. * Revenue for the quarter increased by 15.2% to $330.4 million as compared to $287.0 million for ...
Tags: Premium Brands, Adjusted EBITDA, Agriculture
NASDAQ-listed and US based online retailer – eBay said in the third quarter ended September 30, 2014, its revenue rose 12% from a year earlier quarter. Global commerce platform and payments leader eBay reported third quarter of 2014 ...
Tags: online retailer, revenue growth, Apparel
ACIMIT, a trade body representing Italian textile machinery manufacturers says that new orders in the third quarter of 2104 rose sequentially by 4 percent or from the previous quarter. However, Italian textile machinery producers reported ...
Centro Seta, the Florentine textile maker, has come up with a sustainably produced new generation of Autumn/Winter 2015-2016 silk fabric range made exclusively in Italy entitled Bacx. A result of innovative sustainable technological ...
Tags: easy-to-care silk fabrics, high-tech eco-silk collection, Textile