China's top maker of copper tubes, Golden Dragon Precise Copper Tube Group expects 2013 production to rise by 14% from a year ago as signs of an improving economy inspire cautious optimism boosting orders at home and abroad. China is the ...
Tags: maker of copper tubes, main export market, precise copper tube
Appointed on 1st November 2012 Jörg Gertz (mechanical engineer) is the new General Sales Manager at Börger GmbH. This central position is a result of restructuring the Westphalian pump experts’ sales department. After ...
Tags: engineering, Jörg Gertz, pump, sealing technology
Moody’s Investors Service has affirmed Vedanta Resources Plc’s corporate family rating at Ba1 and its senior unsecured rating at Ba3. The outlook for both ratings remains negative. Vedanta’s rating reflects its earnings ...
Tags: Vedanta, rating, acquisition, cash flow
PepsiCo has booked a drop in first-quarter profits as restructuring costs weighed on earnings. Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April). Reported EPS in the ...
Tags: PepsiCo, drop, first-quarter profits, restructuring costs, earnings
National Aluminium Company may call off its proposed INR 16,000 crore aluminium smelter and captive power plant project in the island nation of Indonesia if they manage to get clearances and coal linkages for a similar project in Odisha. ...
Tags: National Aluminium Company, aluminium smelter, aluminium, power plant
45 Infrastructure Sector CEOs gathered under the auspices of Confederation of Indian Industry in New Delhi to interact with Dr Montek Singh Ahluwalia deputy chairman of Planning Commission and discuss issues facing the private sector in the ...
Tags: government, government of india, investment risks, india news
Dutch food group Vion, which last week announced it wants to quit the UK, has set out plans to cut jobs from its domestic business. More than 100 staff within Vion's operations in the Netherlands could be affected from a move to improve ...
Tags: Vion, cut jobs, domestic business, food group
Glass segment sales from 2012 fell$11 million from the year prior to$262 million,according to PPG Industries'third-quarter report.Lower pricing and a negative foreign currency translation counterbalanced rising flat glass volumes.Segment ...
Tags: glass segment sales, flat glass, PPG
Mondelez International, the snacks group spun off from Kraft Foods last month, has reported a fall in underlying third-quarter sales amid problems in Brazil and Russia. The company, which produces brands including Cadbury chocolate, ...
Tags: Mondelez International, Kraft Foods, sales, comapany news
Chiquita Brands International has swung to a first-half loss as a drop in sales and higher sourcing costs hit profits. In the six months to the end of June, the US produce giant booked a net loss of US$6m compared to earnings of $102m ...
Tags: Chiquita Brands International, sales, sourcing cost, net loss
Reuters reported that ThyssenKrupp chief executive Mr Heinrich Hiesinger wants to examine all options regarding the future of its German steel business, including a spin off and a public flotation. German magazine citing supervisory board ...
Tags: stainless steel, carbon steel, steel mills
With declining orders and halved profits this year, shipbuilders and steelmakers, the two new pillars of the country’s exports, are trimming down both their work forces and production as a last resort to overcome their ongoing slumps. ...
Tags: Hyundai, Heavy Industries, restructuring
OAO Mechel of Russia's largest coking coal producer won a tender for 55% of OAO Vanino Commercial Sea Port on the Pacific coast outbidding investor Mr Oleg Deripaska's En+ Group. VTB Capital the sale organizer said that Mechel offered RUB ...
Swiss food manufacturer Huegli has blamed higher commodity costs for a plunge in half-year profits. The firm, which makes organic consumer brands and supplies other food manufacturers, as well as retailers and foodservice operators, ...
Tags: Huegli, commodity costs, plunge, half year profits
Bangkok Post reported that a debt of THB 43 billion owed by Thailand's largest hot rolled coil steelmaker, Sahaviriya Steel Industries is placing pressure on its major lenders' share prices. The three major lenders are Krung Thai Bank, ...
Tags: debt loan, hot rolled steel, steel coil, steel industry