Premier Li Keqiang has pledged "firmer resolve and greater efforts" to tackle the long-standing problem of industrial overcapacity as "old growth drivers" such as manufacturing and investment continue to struggle. China is experiencing a ...
Tags: high-tech industries, Overcapacity
First Milk has agreed to sell its Glenfield Dairy business to Graham's The Family Dairy. The financial details of the transaction have not been disclosed. The Glenfield Dairy sale is intended to allow First Milk to focus on its hard ...
Tags: First Milk, Glenfield Dairy, Family Dairy
Alcoa has entered into a three-and-a-half-year agreement with New York state to increase the competitiveness of its Massena West smelter, previously been earmarked for shutdown, the US lightweight metals producer said Tuesday. Earlier ...
Tags: Alcoa, lightweight metals, aluminum
Dick's Sporting Goods reported adjusted earnings per share rose 10 percent in the third quarter, coming in at the lower end of its guidance. Same-store sales inched up 0.4 percent. The retailer also lowered its EPS and same-store guidance ...
Tags: Dick, Sporting Goods, athletic footwear
British Polythene Industries has indicated in the Interim Statement that volumes were slightly ahead of the previous year, and that we were seeing polymer price reductions. These reductions coincided with lower demand from certain ...
Plastic consumer packaging specialist Berry Plastics has restructured its operations to better serve its customers and drive future growth. As part of the restructuring, the company created three new market-focused divisions including ...
Tags: Berry Plastics, flexible packaging, Plastic consumer packaging
Cree, a market leader in LED lighting, announced revenue of US $382 million for its fourth quarter of fiscal 2015, ended June 28, 2015. This represents a 12% decrease compared to revenue of $436 million reported for the fourth quarter of ...
Tags: Cree, LED lighting, Business Restructure
Taiwanese LED manufacturers have been affected by Chinese manufacturers’ low pricing strategies, even the Taiwanese LED stock market was hit hard, reported SET News. A lot of market rumors speculate Lite-On will be shutting down its ...
Tags: LED Business, low pricing
Touch panel maker TPK has announced net loss of NT$19.4 billion (US$600 million), or loss per share of NT$55.15 for the third quarter of 2015. The operating loss was primarily attributable to one-off asset impairment charges on ...
Tags: 3Q15, loss, touch panel, TPK
Sonoco, one of the largest diversified global packaging companies, today reported consolidated financial results for its third quarter, ending 27 September 2015. Sonoco president and CEO Jack Sanders said: "We are encouraged by the ...
The Ministry of Commerce held the 2015 National Conference on Import and Export on February 5, 2015. The main task of this conference was to convey and implement the important instructions of central leaders on foreign trade, implement the ...
On January 15, 2015, the journal Qiushi published a signed article by Minister of Commerce Gao Hucheng, titled “Grasp the World Situation and Promote the Level of Opening—Understanding of Studying and Implementing Important ...
On the morning of August 24, Chinese Minister of Commerce Gao Hucheng, who led a delegation to attend the series meetings of East Asia Economic Ministers in Kuala Lumpur, Capital of Malaysia, attended the 3rd EAS Economic Ministers’ ...
Tags: EAS, Development and cooperation, trade liberalization
“The (Chinese) LED industry is in deep waters, and only a few manufacturers will survive in the next few years,” said several industry insiders during recent interviews with LEDinside’s editorial team in China. With the ...
Tags: LED industry, Chinese LED market
Quirky (“Quirky”) and its affiliates (together, the “Company”) announced today that it filed a voluntarily petition under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern ...