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Tesla Misses out Model 3 Production Targets
Apr 10, 2018Electric car-maker Tesla Motors has missed its Model 3 targets for the first quarter of this year. Last week it produced 2,020 of Model 3, against the target 2,500 vehicles. For the next week, the company forecasts to produce 2,000 ...
Tags: Tesla, Tesla Motors
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NeoPhotonics Agrees New Five-Year $50m Credit Facility with Wells Fargo Bank
Sep 13, 2017NeoPhotonics Corp of San Jose, CA, USA (a vertically integrated designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for high-speed communications networks in telecom and data-center applications) ...
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Berlin Packaging Launches New Website for Freund Container & Supply
Jul 25, 2017Berlin Packaging has launched a newly-designed website for Freund Container & Supply, a division focused on convenience quantities of packaging and industrial supplies. Built to provide an unparalleled user experience,FreundContainer.com ...
Tags: Berlin Packaging, Packaging
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ZF Increases Profitability in The First Half of 2016
Aug 15, 2016Friedrichshafen. ZF Friedrichshafen AG has continued its good business development in the first half of 2016. In the first six months of 2016, sales increased to €17.8 billion and the adjusted operating profit (EBIT) rose to €1.1 ...
Tags: ZF, EBIT margin
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Orchids Paper Announces 2016 Second Quarter Results
Aug 3, 2016Orchids Paper Products Company reported results for the second quarter of 2016. Jeff Schoen, President and Chief Executive Officer, stated, "I am encouraged by Orchids year-to-date 2016 performance, as converted product sales have ...
Tags: Orchids Paper, converted product
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Mcrae Industries Shows Modest Revenue Gain in Q1
Dec 21, 2015McRae Industries, Inc., the maker of military, work and western boots, reported consolidated net revenues for the first quarter of fiscal 2016 of $31.7 million as compared to $29.2 million for the first quarter of fiscal 2015. Net earnings ...
Tags: McRae Industries, Inc., footwear brandes, Sporting Goods
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Kerry Group Acquires Three US Companies for $735m to Expand Its Nutritional Offerings
Oct 20, 2015Irish food ingredients company Kerry Group has acquired three U-based companies Red Arrow Products, Island Oasis and Biothera Inc’s Wellmune for $735m, a move that will usher the company’s growth in nutritional solutions market. ...
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Diamond Manufacturers Are Entering an Era of Fierce Competition
Dec 15, 2014Diamond manufacturers are entering an era of fierce competition as the looming decline in rough diamond supply is expected to place additional pressure on their already razor-thin profit margins. Manufacturer always operates with a ...
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China's Steel Production Has Plateaued and Mills Complys with Tougher Anti-Pollution Ways
May 11, 2014China's steel production has plateaued and mills are focusing on complying with tougher anti-pollution measures instead of expanding capacity, a senior official at the China Iron and Steel Association (CISA) said on Wednesday. The fight ...
Tags: Steel Production, Iron, Steel
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Saputo Has Acquired The Fluid Milk Business of Scotsburn Co-Operative Services for $61m
Apr 15, 2014Dairy products maker Saputo has acquired the fluid milk business of Scotsburn Co-Operative Services for $61m. Scotsburn Co-Operative offers fluid milk, cream, sour cream, ice cream mix and cottage cheese, primarily under the Scotsburn ...
Tags: Milk, Agriculture, Food, Dairy
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Continental and Carlyle Group Acquire Veyance Technologies for EUR1.4bn
Feb 12, 2014German autoparts maker Continental has entered into an agreement with The Carlyle Group to acquire US-based Veyance Technologies, which operates in operates rubber and plastics technology business, for EUR1.4bn. Veyance Technologies, ...
Tags: Continental, Auto Parts
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Saputo Has Signed an Agreement to Acquire The Fluid Milk Business of Scotsburn Services
Jan 21, 2014Canadian dairy products maker Saputo has signed an agreement to acquire the fluid milk business of Scotsburn Co-Operative Services for $61m to expand its presence in Atlantic Canada. Scotsburn Fluid Milk Business operates two processing ...
Tags: Milk Business, Food
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Henkel Completes The Refinancing and Amendment of Two Credit Facilities with 1,500mn Euros
Dec 16, 2013Henkel successfully completed the refinancing and amendment of two credit facilities with a total amount of 1,500 million euros. The transaction includes the replacement of the company's 700 million euros revolving credit facility with a ...
Tags: Henkel, refinancing, credit facilities
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Dixie Group's The Third Quarter Sales Improvement Was a Robust 37%
Oct 31, 2013The Dixie Group, Inc. reported financial results for the third quarter ended September 28, 2013. In the third quarter of 2013, the Company had sales of $90,210,000 and income from continuing operations of $1,432,000, or $0.11 per diluted ...
Tags: Dixie Group, Apparel
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Europe's Economy Is in The Doldrums
Oct 29, 2013Europe's economy is in the doldrums. Yet companies are still looking to the future with a positive mindset. 76% of survey respondents expect a return to robust economic growth in 2015. But the prospects for European competitiveness are not ...
Tags: Competitive Edge, Europe's economy