Volkswagen has unveiled its Transform 2025+ strategy, further detailing the company's plans for the decade ahead. This plan aims to reduce the capex ratio and the development cost ratio to a competitive level in the next few years – ...
Tags: Volkswagen, Electric Car
Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...
Tags: Olam, IFC, Food Processing Facilities
SK Capital, a private investment firm with a disciplined focus on the specialty materials, chemicals and healthcare sectors, is expected to close the acquisition of the Textile Chemicals, Paper Specialties and Emulsions businesses from ...
Tags: specialty materials, Textile
Sydney-based underwriter QBE Australia is to divest its National Credit Insurance Brokers (NCIB) business and professional indemnity authorized representative Invivo by the end of 2013. Following completion of listing process, the ...
Tags: Insurance Brokerage, QBE
Ulf Henriksson, originally from Sweden, joins Dematic as new Group CEO effective immediately. He brings more than 20 years of leadership experience and has proven to consistently achieve strong results for global businesses. Ulf Henriksson ...
Belgian food retailer and foodservice group Colruyt has announced its new CFO will be Marc Hofman, the current CEO of fellow Belgian food firm Ter Beke. Hofman will take up the role on 1 April, Colruyt said yesterday (7 January). He ...
Tags: food retailer, foodservice group, Colruyt, CFO, Marc Hofman, Ter Beke
On Thursday, Camp Hill, Pennsylvania-based diversified global industrial company Harsco Corporation announced a new multi-year contract valued at more than $225 million for onsite services to India's largest steel producer, JSW Steel. ...
Tags: Harsco Corporation, contract, JSW Steel, India
Diversified global industrial company Harsco Corporation announced a new multi year contract valued at more than USD 225 million for onsite services to JSW Steel. Harsco will provide resource recovery and slag management services at ...
Tags: Harsco Corporation, onsite services, steel, stee market
Live Mint reported that the Orissa government is preparing to start electronic auctions for iron ore in the new financial year,aiming for equitable distribution in addition to greater transparency. A state official,said that,but this may ...
Business Standard reported that JSW Steel Limited is likely to take further cuts in steel production if the iron ore supply situation does not improve in the next one month. As per report,JSW is currently working with an inventory ...
Tags: JSW Steel, Iron Ore, Production
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government
ccdirector & group CFO of JSPL said that a number of companies are coming out with initial public offers but, JSPL at the moment does not have any plans to list Jindal Power in the near term. He added that they have provided all the ...
Tags: JSPL, Jindal Power, mining operation, mining
Canadian retailer Metro Inc has appointed François Thibault as group CFO. Thibault takes over from Richard Dufresne from 1 August, who quit the role in February to take up a position at an unnamed company. Thibault joins Metro ...
Tags: Metro Inc, François Thibault, group CFO, food
ABB has appointed Eric Elzvik, the chief financial officer of its Discrete Automation and Motion division, as Group CFO and member of the Executive Committee, succeeding Michel Demaré as previously announced. Elzvik will take up his ...
Tags: ABB, Eric Elzvik, CFO
US dairy giant Dean Foods raised its full-year earnings outlook after booking better than expected third-quarter profits. Dean Foods said third-quarter net income rose to US$36.4m,up from a loss of$1.5bn last year when the company booked ...
Tags: earnings outlook, net income, change