US-based Dole Food has announced that it has received stockholder approval for the sale of its worldwide packaged foods and Asia fresh businesses to Japanese trading house Itochu for $1.685bn in cash. Currently, the deal has received ...
Tags: Dole Food, stockholder approval, packaged foods, food industry
Carrefour CFO Pierre-Jean Sivignon has insisted he expects a series of measures to help improve the retailer's performance after it reported another quarter of falling sales in its domestic market. Speaking on the firm's earnings call ...
Tags: Carrefour, hypermarkets, retailer, market
Automaker Ford has reported a 56% rise in sales in China to 67,505 vehicles in November 2012, compared to the same period in 2011. Ford sells passenger cars in the country which include the imported Ford Edge, increased 74% to 51,602 ...
Tags: automaker, Ford, the split of joint venture
Finnish paper and pulp company Mets Board has announced plans to invest EUR1.3m in the development of Chromolux at its Gohrsmühle mill in Germany, to address the increased customer demand for cast-coated papers and boards in reels in ...
Tags: cast-coated papers, self-adhesive labeling, Chromolux paper
Aon has reported that its total revenue during the first quarter of 2012 grew by 3% to $2.8bn from the prior year quarter backed by a 4% increase in organic revenue, partially offset by a 1% decrease from unfavorable foreign currency ...
Tags: Aon, net income, organic revenue, insurer
Stora Enso Renewable Packaging is set to restructure its converting operations at Páty in Hungary and plans for efficiency measures in the consumer board mill at Barcelona, Spain to address the customer needs. By the end of the ...
Tags: Hungary Plant Operations, Renewable Packaging, restructuring cost
Cascades has announced plans to consolidate the Norampac division's corrugated product plants in Ontario, Canada. The consolidation includes a $30m investment in the Vaughan, St Mary's, Etobicoke and Belleville plants and the closure of the ...
Chongqing Iron & Steel Co Ltd plans to take over relocated assets of Chongqing Iron and Steel (Group) Co Ltd. by a private placement, paying cash and undertaking debts. The deal reaches nearly CNY 17 billion, being equivalent to five times ...
Plastic packaging company Quinn Plastics & Packaging said it has acquired a Kiefel KMD 85 thermoformer in an effort to become a major player in rigid food packaging. The machine is the first major investment by the company into packaging ...
Tags: packaging, machine, packaging machinery
Indian Tata Steel announced that they will cut jobs across Britain as part of a restructuring plan. The company will cut 580 jobs at its Port Talbot plant in south Wales and 12 steel finishing and processing sites in England and Wales. ...
For its fiscal fourth-quarter 2012 (to end-August), LED chip and component maker SemiLEDs Corp of Hsinchu Science Park, Taiwan has reported revenue of $5.5m, up 3% on $5.3m a year ago but down 40% on $9.2m. last quarter. Revenue for ...
Tags: SemiLEDs, LED chip, LED component, LED projects, metal vertical photon LED
Vitro, S.A.B. de C.V. (BMV: VITROA) (“Vitro” or the “Company”), one of the world's largest producers and distributors of glass products, today announced 3Q’12 unaudited results. Third Quarter 2012 ...
Tags: EBITDA, Vitro, glass products, sales
Australian confectionery firm Darrell Lea has been sold to Quinn family,which owns the Queensland-based VIP Petfoods. Darrell Lea,which operated company-owned stores and sold confectionery products to network of 1,200 licensed ...
Tags: petfoods, acquisition, distribution capabilities, financial details
WELSH Secretary David Jones has been challenged to join the fight to defend the Welsh steel industry in the wake of the devastating job losses in Port Talbot. Aberavon MP Hywel Francis said the Welsh Office should follow the lead of the ...
Tags: steel industry, TATA Steel, Hywel Francis
Vion Food UK has announced it could be forced to close its loss-making pork processing plant in West Lothian, Scotland, putting nearly 1,700 jobs at risk. According to the company, the Hall's of Broxburn continued to record unsustainable ...