French carmaker PSA Peugeot Citroen is planning to shut down its Aulnay automobile manufacturing facility and reduce 6.7% of jobs in the country by 2014 to pare its operational losses. As part of the plan, the automaker, will stop ...
Tags: PSA Peugeot Citroen, automobile manufacturing facility, car production
French carmaker PSA Peugeot Citroen is planning to shut down its Aulnay automobile manufacturing facility and reduce 6.7% of jobs in the country by 2014 to pare its operational losses. As part of the plan, the automaker, will stop ...
Broder Bros. Co. announced its third quarter results for its quarter ended September 29, 2012. Third Quarter 2012 Results Compared to Third Quarter 2011 Results Third quarter 2012 net sales were $205.1 million compared to $220.5 ...
Tags: Broder Bros, third quarter, results, net sales
MWW Automotive, a global design, engineering, and manufacturing company that serves the automotive manufacturers, has started production for the painting and fulfillment of interior partsfor the GM's new 2012 Chevrolet Sonic. As part of ...
Tags: MWW Automotive, Chevrolet Sonic, door trim, window console covers
US-based food manufacturer Ralcorp Holdings plans to consolidate its cereal,pasta,and snacks,sauces&spreads businesses into a single firm. Through the restructuring,the company expects to gain annual pre-tax cost savings of about$26m ...
Tags: cereal, pasta, snacks, sauces, consolidate
Macquarie Group, Principal Financial Group (PFG) in the US and Singapore based United Overseas Bank have submitted their bids to takeover ING’s Asian asset management business. The deal is expected to be valued at $500m to $600m, as ...
Andrew Price has been appointed as a non-executive director of troubled paper company Paperlinx. Price earlier this year tried to unseat Harry Boon as chairman of Paperlinx, which has been the subject of a far-reaching strategic review ...
Tags: Paperlinx, Andrew Price, paper company
Checkpoint Systems Inc. reported financial results for the third quarter ended September 23, 2012. Net revenues decreased 12.5%, 7.8% on a constant currency basis, to $188.2 million from $215.1 million in the third quarter 2011. The ...
Avery Dennison Corporation announced preliminary, unaudited third quarter 2012 results. “In the third quarter, we delivered the strongest organic sales growth since first quarter 2011,” said Dean Scarborough, Avery ...
Tags: Avery Dennison, third quarter 2012, financial results, net sales
Australasian food company Goodman Fielder plans to sell or shut down nearly 15 factories across Australia and New Zealand over the next three years,as a part of its efforts to generate A$100m($102.56m)in savings. In an investor ...
Tags: savings, factories, closures, bakery division, product lines
Times of India reported that the visit of a 4 member diligence study team from the Steel Authority of India Limited corporate office has once again raised curiosity about the fate of the proposed industrial complex at Sindri. Although the ...
Tags: Steel Authority of India, Indian steel, steel industry, Sindri
Swedish bus, truck and construction equipment manufacturer AB Volvo has signed a letter of intent (LOI) with MAPE to sell its crankshaft plant located in Leganes, Spain, as a part of restructuring and cost-cutting plan. The LOI includes ...
Tags: bus, truck, construction equipment, AB Volvo, crankshaft
The crisis ridden textile industry heaved a sigh of relief consequent to the announcement of textile debt restructuring package of Rs.35,000 crores by the Finance Ministry following the concerted efforts made by The Southern India ...
Tags: textile industry, textile market, textile, subsidy benefits
Albany International Corp., a global advanced textiles and materials processing company with core businesses in machine clothing and engineered composites, reported Q3 2012 income from continuing operations of $9.1 million ($0.29 per ...
Spartan Motors has reported 25% increase in revenues to $118.8m for the first quarter of 2012 when compared to $95.1m in the same quarter previous year. The growth was primarily attributed to the revenue growth in the delivery and service ...
Tags: Spartan Motors, revenue growth, vehicles segment, net income