After years of growth in a row, Chinese medium and heavy truck market suffer dramatic decline since the second half of 2012. The decline rate outnumbers 30%. Is it a cold winter or a rational fall? People hold different opinions on it. ...
Tags: HD Trucks, heavy truck
Carmanah Technologies Corporation announced that it has filed a final prospectus in respect of a shareholder rights offering (the “Offering”). Under the Offering, Carmanah will seek to raise up to approximately $6 million. The ...
Tags: Carmanah Rights Offering
China has introduced measures to curb photovoltaic overcapacity while seeking to expand domestic deman. China has put forth new rules to tackle overcapacity in its solar power industry. A document released by the Ministry of Industry and ...
Tags: Solar Power, Chemicals
The top executive of one of the world's biggest mining drilling companies said he believes the industry has bottomed out, but that he doesn't expect a return to peak cycle levels soon. Moreover, there has been "a fundamental shift in what ...
Tags: mining drilling, Metallurgy
RPM International Inc. today said that outstanding performance in the company's consumer segment and more modest gains in its industrial segment resulted in significant increases in sales, net income and diluted earnings per share for the ...
Tags: RPM, Financial Position
On September 25, Chinese steelmaker Chongqing Iron and Steel Co.(Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., announced that its major asset restructuring plan has received conditional or preliminary approval from ...
Tags: Iron and Steel, Mineral
German lighting manufacturer Franz Sill has succumbed to difficult market conditions and filed for preliminary insolvency. The company, which manufactures floodlights, luminaires and projectors, now has three months to come up with a way ...
David Price Food Services, a chilled and frozen foods supplier, has entered administration, putting more than 100 jobs at risk. The company stated that it appointed Howard Smith and Mark Firmin of KPMG's restructuring practice as joint ...
Tags: David Price Food, frozen foods
The restructuring of the Austrian office furniture manufacturer Bene, introduced at the beginning of the year, has caused considerable declines in turnover and results figures in the first half of the 2013/2014 financial year (31 January). ...
Tags: Construction, Decoration
Premier Foods, a UK-based food company, said that it is not planning to sell its Hovis bread business, and it seeks to further strengthen the unit. The company has faced a series of transactions such as management changes, refinancing and ...
Tags: Premier Foods, Hovis Bread
Oclaro Inc of San Jose, CA, USA, which provides lasers and optical components, modules and subsystems for optical communications, has announced underwhelming financial results for its fourth-quarter and fiscal year 2013 (ended 29 June). ...
Tags: Oclaro, Electrical, Electronics, optical communications
Founder Securities (SHSE: 601901), suspending trade due to planning a significant assets restructuring from August 27, has preliminarily decided to absorb and merge with Minzu Securities through issuing shares after consultation with ...
China Great Wall Computer Shenzhen Co., Ltd. (SZSE: 000066) and Shenzhen Kaifa Technology Co., Ltd. (SZSE: 000021) revealed that they have received notices from controlling shareholder Great Wall Technology Co., Ltd (Great Wall Tech and ...
Tags: Electrical, Electronics
At its meeting, the Supervisory Board of Evonik Industries AG unanimously passed resolutions relating to the successful focusing of the Group on specialty chemicals and its future growth targets. Over the past five years Evonik has been ...
Tags: Evonik, Restructuring Operations
At the announcement of the Q2 results in July, AkzoNobel indicated that it had identified further efficiency and cost saving measures that would require €120 million of restructuring charges in the second half of 2013. In addition to ...
Tags: AkzoNobel, Restructuring Charges