Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...
Tags: packaging, label industries
Lenovo has announced results for its third fiscal quarter ended December 31, 2016. Quarterly revenues were US$12.2 billion, a 6% decrease year-on-year. Third quarter pre-tax income was US$101 million, a 68% decline year-on-year. Net income ...
Tags: Lenovo, smart devices
Austria based paper and packaging company Mayr-Melnhof Karton has reported 5.9% rise in Q3 results. The Mayr-Melnhof Group was able to increase sales as well as profit in the first three quarters of 2016 compared to the reference period ...
Tags: paper packaging, packaging
Detroit-based auto-parts maker American Axle & Manufacturing (AAM) has agreed to acquire Metaldyne Performance Group (MPG) in a transaction worth about $3.3bn. MPG provides lightweight components for use in powertrain and suspension ...
Tags: American Axle, Metaldyne
PV market demand plunged rapidly as expected as it entered in the third quarter, driving significant price decline across the PV supply chain. Prices of solar cells and wafer have reached new low for consecutive weeks. Consequently, ...
Tags: PV market, PV industry
Frigoglass SAIC announces audited results for the quarter and six months ended 30 June 2016. Second Quarter 2016 Highlights Sustained recovery in West Europe (+27% y-o-y) driven by ICOOL’s penetration in Coca-Cola bottlersOngoing ...
Tags: Frigoglass SAIC, beer market, Glass business
Tembec reported that consolidated sales for the three-month period ended 25 June 2016, were $376m, as compared to $365m in the same quarter a year ago. The Company generated net earnings of $9 million or $0.09 per share in the June 2016 ...
Faurecia has agreed to sell its auto exterior business to Plastic Omnium for an enterprise value of €665m. The sale covers Faurecia's bumpers and front-end modules business, which had sales of €2bn in 2015. The business employs ...
Tags: Faurecia, Plastic Omnium
For the second quarter ended June 30, 2015, apparel sales at German sports goods and sportswear marketer Puma were broadly flat at € 263.3 million from the same quarter of previous year. “This is against high comparables in the ...
Tags: sports goods, sportswear
Net income at US based value-added and recycled fibres producer Unifi, Inc climbed 46.52 per cent year over year for fiscal ended June 28, 2015. A Unifi press release informed that net income for fiscal 2015 totaled to $42.2 million or ...
Tags: textile manufacture, fibres
Magna International has inked a pact to purchase automotive transmissions supplier Getrag Group of Companies (Getrag) in a deal valued at 1.75bn Eur. Likely to close by this year-end, the transaction for the 100% equity incorporates ...
Tags: automobile manufacture, company acquision, Getrag Group
Textile segment sales in the first quarter ended June 30, 2015 grew 10.74 per cent year over year at diversified Indian manufacturer, Sintex Industries Ltd. In a BSE filing, the textile division of Sintex Industries reported sales of Rs ...
Tags: Textile Segment, Sintex Industries, Textile
Teijin Group's fibre product converting company, Teijin Frontier has developed a new, highly comfortable and functional polyester material that achieves the pile structure of toweling. “The material made from 100 per cent ...
Tags: Polyester Fabric, Teijin Polyester Fabric Shows, Toweling
Chicken producer Scandi Standard has agreed to acquire Finnish food producer Huttulan Kukko for €10m. Huttulan, which started operations in a newly built facility last year, has developed a concept based on Finnish chicken which it ...
Tags: Huttulan Kukko, Scandi Standard
In 2014, although sales fell marginally, operating result or EBITA more than doubled as compared to the previous year at the Logwin Group. In a press release, Logwin Group said EBITA surged to €25.1 million in financial year 2014 as ...
Tags: Logwin Group, Textile