Fortescue deferred the Kings iron ore project in September 2012 in response to volatile market conditions but with a recent marked improvement in iron ore prices and market outlook, along with a number of measures undertaken by Fortescue ...
Tags: iron ore, iron ore project, iron ore prices, Fortescue
India Inc's aspiration for manufacturing sector is to be the Germany of the East and not Factory to the west CII-BCG Manufacturing Leadership Survey 2012 During CII’s 11th Manufacturing Summit 2012, the Confederation of Indian ...
Tags: Manufacturing sector, Manufacturing, GDP, global manufacturing
METALLOINVEST has announced its shareholders' restructuring on December 29th 2012. It said “Following a series of transactions among the companies of METALLOINVEST and its shareholders, including VTB Group, Metalloinvest Ltd, a ...
Tags: Metalloinvest, restructuring, METALLOINVEST Holding Company OJSC
Prosperity Minerals has revealed it will take longer than originally planned to conclude the master restructuring process. The company, an iron ore trading business serving China, which also owns real estate, revealed back in October that ...
Tags: Prosperity Minerals, restructuring process, Zhong Cheng group
On 22nd October, Prosperity's announced details of a conditional master restructuring agreement with members of the Zhong Cheng Group of companies. A key part of this proposal is to utilize part of the prepayment cash to buy an iron ore ...
Tags: Zhong Cheng Group, iron ore processing, iron ore, company news
China's Inner Mongolia Baotou Steel Rare-Earth Group one of the largest producers of rare earth minerals in the world, announced that it has signed agreements with 12 Inner Mongolia based upstream rare earth enterprises and their ...
VTB Group has sold its 20% stake in OJSS "HC "Metalloinvest", a leading manufacturer and supplier of iron ore and products with high added value. The structures of USM Holdings purchased the shares, while VTB Capital, the Investment ...
Tags: VTB Group, Metalloinvest, iron ore, added value
Business Line reported that Mr MP Purushothaman chairman of Empee Distilleries’ as saying that with Empee Distilleries’ major projects going on stream and a restructure at an advanced stage, the company hopes to do better in the ...
Tags: Empee Distilleries, MP Purushothaman, commercial development
Suzlon Energy rallied as much as 9% to touch an intraday high of INR 19.60 on December 28th Friday as the lenders will meet to discuss CDR package. According to the reported, the lenders to debt ridden Suzlon will meet on Friday to ...
Tags: Suzlon Energy, CDR package, restructuring package, company news
Finland-based meat group HKScan has streamlined its subsidiaries in its home country as part of a cost savings programme. HKScan said today (2 January) that HK Ruokatalo Oy has become a wholly owned subsidiary of HKScan Corp. The ...
Tags: HKScan, cost savings programme, meat, company news
China's competition officials are still weighing Dole Food Co's deal to sell its global packaged food and Asian fresh businesses to Japan's Itochu Corp, forcing the two firms to delay completion of the sale. Dole had hoped to sign-off ...
Tags: Dole Food Co, global packaged food, fresh businesses, company news
Hewlett-Packard reduced its workforce last year by 17,800 employees, more than half way to the restructuring goal it announced last year. Most of the departures came via layoffs, though some key IT workers left unexpectedly. The company ...
Tags: HP, workforce, employees, IT workers, GM
Hewlett-Packard will continue to evaluate potential divestitures of underperforming parts of its business, and the process could get messy, the company warned its investors in its annual 10-K document, which was filed in late December. ...
Tags: HP, potential divestitures, business, underperforming parts
Worthington Industries,Inc reported net sales of USD 622.6 million and net earnings of USD 31.8 million,or USD 0.45 per share,for its fiscal 2013 second quarter ended November 30,2012.In the second quarter of the prior year,the Company ...
Tags: Worthington, Westerman, McConnell
Welspun India Ltd., a part of the $ 3.5 billion Welspun Group announced that the merger scheme has come into effect. The consolidated results post merger, for FY 2012 has also been announced. The High Court of Gujarat at Ahmedabad by its ...
Tags: Welspun, India, Welspun Group, textile business