Wednesday, October 23, 2019
All News
BizVibe Textile and Apparel News: Ups and Downs of Emerging Textile and Apparel Markets in Africa
February 2, 2017
LONDON--(BUSINESS WIRE)--Several emerging markets in Africa have become the new popular sourcing hubs in the global textile and apparel industry in recent years – namely Ethiopia and Kenya are leading the trend. However, other nations in the region, for example Nigeria, may experience some turbulences in the sector. Details about apparel
Sam Locklear Elected to Fluor’s Board of Directors
February 2, 2017
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Sam Locklear, president of SJL Global Insights LLC, and retired U.S. Navy Admiral, was elected to its board of directors effective Feb. 1, 2017. In addition, Joseph W. Prueher, who has served on Fluor’s board since 2003, has elected to retire effective May 3,
Cabot Corp Reports First Quarter Fiscal 2017 Results
February 2, 2017
BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) today announced results for its first quarter of fiscal year 2017. Key Highlights Diluted EPS up $0.96 over prior year Adjusted EPS up 65% year-over-year, driven by higher volumes in all segments and improved Reinforcement Materials margins Purification Solutions EBIT up $9M year-over-year
Ascend Performance Materials Announces Price Increases For FlexaTrac™-NTA-100 and
February 2, 2017
HOUSTON--(BUSINESS WIRE)--Ascend Performance Materials announced today a price increase for two of its specialty chemicals, FlexaTrac™-NTA-100 and FlexaTrac™-NTA-200. The price increase takes effect March 1, 2017, or as contracts allow, and includes the following materials and price changes:   Material     Price Increase
Savage Acquires Industrial and Environmental Field Services Company Sunpro
February 2, 2017
SALT LAKE CITY--(BUSINESS WIRE)--Savage has increased its service capabilities by acquiring Midwest-based industrial and environmental field services company Sunpro, Inc. Founded in 1989, Sunpro provides emergency response and planned services including spill response, remediation and transportation of environmental waste, across a variety of
Tredegar Corporation Announces Agreement to Acquire Aluminum Extruder Futura Industries
February 1, 2017
RICHMOND, Va.--(BUSINESS WIRE)--Tredegar Corporation (NYSE:TG) announced today that its subsidiary, The William L Bonnell Company, Inc. (“Bonnell Aluminum”), has agreed to acquire 100% of the equity interests of Futura Industries Corporation (“Futura”) on a net debt-free basis for approximately $92 million. The acquisition,
Bonnell Aluminum Announces Agreement to Acquire Futura Industries
February 1, 2017
NEWNAN, Ga.--(BUSINESS WIRE)--The William L Bonnell Company Inc., (“Bonnell Aluminum”) announced today that its parent company, Tredegar Corporation (NYSE:TG), has agreed to acquire 100% ownership of Futura Industries (“Futura”). Upon the closing of the transaction, which is expected by mid-February, Futura will become an
The Manitowoc Company Reports Fourth-Quarter 2016 Financial Results and Full Year 2017 Guidance
February 1, 2017
MANITOWOC, Wis.--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (“Manitowoc”) today reported fourth-quarter 2016 net sales of $378.2 million versus $543.1 million in the comparable period in 2015. On a GAAP basis, the Company reported a net loss of ($33.4) million, or ($0.24) per diluted share, in the fourth-quarter 2016
Tetra Tech Reports First Quarter 2017 Results
February 1, 2017
PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK) today announced results for the first quarter ended January 1, 2017. First Quarter Results Revenue in the first quarter totaled $669 million, up 19% year over year. For ongoing operations1, revenue totaled $661 million, and revenue, net of subcontractor costs2 (net revenue), was
Rexnord Reports Q3 FY2017 Financial Results and Affirms FY2017 Operating Outlook
February 1, 2017
MILWAUKEE--(BUSINESS WIRE)--Rexnord Corporation (NYSE:RXN) Third Quarter Highlights Net sales were $452 million and down 2% year over year. Core sales(1) declined 5%, excluding a 1% impact from the RHF product line exit. Acquisitions contributed 5% to net sales; currency translation deducted 1%. GAAP diluted EPS was $0.02, compared with $0.24 in
Tenneco Announces Quarterly Dividend and New Share Repurchase Authorization
February 1, 2017
LAKE FOREST, Ill.--(BUSINESS WIRE)--Tenneco (NYSE: TEN), announced today that its board of directors has approved a dividend program under which the company intends to pay a regular quarterly cash dividend to holders of its common stock. Tenneco intends to pay a quarterly dividend of $0.25 per share on its common stock, representing a planned
Babcock & Wilcox to Webcast Discussion of Its Fourth Quarter 2016 Results
February 1, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to webcast a discussion of its fourth quarter 2016 results on Wednesday, March 1, 2017 at 8:30 a.m. EST. Chairman and Chief Executive Officer E. James (Jim) Ferland and Senior Vice President & Chief Financial Officer Jenny L.
Triumph Appoints New Business Development Lead
February 1, 2017
BERWYN, Pa.--(BUSINESS WIRE)--Triumph Group (NYSE:TGI) today announced that Gary Tenison is joining the company as its Vice President of Business Development effective February 13, 2017. Tenison joins Triumph from Kaman Aerospace Corporation, where he last served as Vice President of Marketing and Business Development. He brings more than 30 years
PTC Promotes Craig Hayman to Chief Operating Officer
February 1, 2017
NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (NASDAQ: PTC) today announced the appointment of Craig Hayman to a newly created role of chief operating officer (COO), effective immediately. Hayman has served as group president of the Solutions Group at PTC since late 2015. In this new COO role, Hayman will be responsible for engineering, marketing, and sales
Arconic Chairman and CEO Klaus Kleinfeld to Present at Cowen and Company’s 38th Annual
February 1, 2017
NEW YORK--(BUSINESS WIRE)--Arconic Inc. (NYSE: ARNC) announced today that Chairman and Chief Executive Officer Klaus Kleinfeld will present at Cowen and Company’s 38th Annual Aerospace/Defense & Industrials Conference on Wednesday, February 8, 2017 in New York. Mr. Kleinfeld’s presentation will begin at 2:50 PM EST. The presentation
CACI Reports Results for Its Fiscal 2017 Second Quarter
February 1, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI), a leading information solutions and services provider to the federal government, announced results today for its second fiscal quarter ended December 31, 2016. CEO Commentary and Outlook Ken Asbury, CACI’s President and CEO, said, “We had excellent operational,
Nestlé USA to Bring Major Functions and 300 Jobs to Its Solon, Ohio Campus
February 1, 2017
SOLON, Ohio--(BUSINESS WIRE)--Nestlé USA, a subsidiary of Nestlé S.A., a leading global nutrition, health and wellness company, today announced that it will move its Technical & Production organization and all Supply Chain teams to its multi-functional Solon, Ohio campus. This decision moves these critical functions closer to
Nordson Corporation Acquires Plas-Pak Industries, Inc.
February 1, 2017
WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation (Nasdaq: NDSN) has acquired Plas-Pak Industries, Inc., a Norwich, Connecticut designer and manufacturer of injection molded, single-use plastic dispensing and packaging products including two-component (2K) cartridges for industrial and commercial do-it-yourself (DIY) adhesives, dial-a-dose
Enviva Partners, LP Announces Sixth Consecutive Distribution Increase
February 1, 2017
BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced today that the board of directors of its general partner declared a quarterly distribution of $0.5350 per common and subordinated unit for the fourth quarter of 2016, representing a $0.005 increase from the
Columbia Sportswear Company to Announce Fourth Quarter and Full Year 2016 Financial Results On
February 1, 2017
PORTLAND, Ore.--(BUSINESS WIRE)--Columbia Sportswear Company (Nasdaq: COLM) plans to release financial results of its fourth quarter and full year 2016 at approximately 4:00 p.m. ET on Thursday, February 9, 2017. At approximately 4:15 p.m. ET, a commentary by Tom Cusick, Executive Vice President and Chief Financial Officer, reviewing the company's
Materion Corporation Announces Annual Meeting Date and Declares Dividend
February 1, 2017
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) today announced March 7, 2017 as the record date for shareholders' voting at its Annual Meeting to be held in Cleveland, Ohio on May 3, 2017. DIVIDEND The Company also announced today the declaration of its first quarter dividend of $0.095 per share payable on March 3, 2017
Entercoms to Partner with Siemens PLM Software
February 1, 2017
IRVING, Texas--(BUSINESS WIRE)--Entercoms today announced that it has partnered with Siemens PLM Software for go-to market offerings to provide joint solution bundles, Siemens PLM software and services to current and prospective clients. Under this agreement, Entercoms and Siemens would invest and build joint solution bundles, creating and
Revolutionary Skin Protectant Finally Gives Nurses the Power to Stop, Reverse and Prevent
February 1, 2017
ST. PAUL, Minn.--(BUSINESS WIRE)--As our aging population grows, nurses are continuing to see more instances of tough-to-manage skin breakdown due to incontinence. Skin damage associated with urine and/or fecal exposure, otherwise known as incontinence associated dermatitis (IAD), is a resource-intensive condition that can be very painful for
R.L. Schreiber, Inc. Completes Strategic Growth Plan, Announces Additional $1.6 Million Investment
February 1, 2017
POMPANO BEACH, Fla.--(BUSINESS WIRE)--R.L. Schreiber, Inc., a family owned manufacturer and distributor of professional flavor solutions, announces its plan to invest an additional $1.6 million in 2017 to further enhance its network of over 100 independent distributors. This investment will fund upgraded field technology, greater marketing support,
Prince William County Logs $1.3 Billion of Intended Capital Investment and 596 New Jobs from
February 1, 2017
PRINCE WILLIAM COUNTY, Va.--(BUSINESS WIRE)--Prince William County, one of Virginia’s largest and fastest growing counties, today announced it logged $1.3 billion in intended capital investment, added 596 new jobs and retained 80 existing jobs from 23 economic development projects in calendar year 2016. The 23 projects consisted of 18 new
ParkOhio Announces Quarterly Dividend
February 1, 2017
CLEVELAND, OHIO--(BUSINESS WIRE)--The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on March 1, 2017, to shareholders of record as of the close of business on February 15, 2017. ParkOhio is a diversified international company
QAD Named 2017 Global Excellence Awards® Finalist
February 1, 2017
SANTA BARBARA, Calif.--(BUSINESS WIRE)--QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB), a leading provider of enterprise software and services for global manufacturing companies, today announced that it is a finalist in Info Security Products Guide’s 2017 Global Excellence Awards® in the Compliance category. These prestigious global awards
USG Corporation Reports Fourth Quarter and Full Year 2016 Results and Announces $250 Million Share
February 1, 2017
CHICAGO--(BUSINESS WIRE)--USG Corporation (NYSE:USG), an industry leading manufacturer of building products and innovative solutions, today reported results for the fourth quarter and full year of 2016. The company also announced a $250 million share repurchase program. “We are in a stronger financial position than we have been in for many
NatureWorks Partners with the Ellen MacArthur Foundation to Support the Foundation’s New Plastics
February 1, 2017
MINNETONKA, Minn.--(BUSINESS WIRE)--NatureWorks has formalized its engagement with the Ellen MacArthur Foundation’s New Plastics Economy initiative by finalizing a three-year partnership agreement. The foundation’s initiative, which was first elucidated last year in a joint report with the World Economic Forum and analytical support
Vertex Wireless Acquires Conversa Solutions, a leading engineering and software development firm
February 1, 2017
WEST CHICAGO, Ill.--(BUSINESS WIRE)--Vertex Wireless, a leading distributor serving the wireless industry, has recently completed the acquisition of Conversa Solutions, an engineering services and software development firm based in Orion, Michigan. Conversa specializes in customized engineering projects such as Android OS modifications, Software
CORRECTING and REPLACING PHOTO Patheon Announces Completion of its Acquisition of State-of-the-Art
February 1, 2017
DURHAM, N.C.--(BUSINESS WIRE)--Please replace the photo with the accompanying corrected photo. The release reads: PATHEON ANNOUNCES COMPLETION OF ITS ACQUISITION OF STATE-OF-THE-ART MANUFACTURING SITE Company Gains Additional API Capacity and Major Supply Agreement with Roche Patheon N.V (NYSE: PTHN), a leading global provider of high-quality drug
Sea-Land Chemical Co., Specialty Chemical Distributor, Announces Internal Promotion
February 1, 2017
WESTLAKE, Ohio--(BUSINESS WIRE)--Sea-Land Chemical Co. is pleased to announce the promotion of Matthew Mapus to the position of Director of Marketing. In his new leadership role, Mapus is responsible for supporting revenue growth through execution of the company marketing strategy, as well as management of the marketing, product management,
NI Upgrades Oscilloscope and Function Generator Performance for VirtualBench All-in-One Instrument
February 1, 2017
AUSTIN, Texas--(BUSINESS WIRE)--NI (Nasdaq: NATI), the provider of platform-based systems that enable engineers and scientists to solve the world’s greatest engineering challenges, announced today the VB-8054 instrument, a new higher performance model of VirtualBench. VirtualBench plays a key role in reducing the cost and footprint of test
Arizona Polymer Flooring Hires Industrial Sales Representative for Southeastern United States
February 1, 2017
PHOENIX--(BUSINESS WIRE)--Arizona Polymer Flooring (APF), a manufacturer of high-performance flooring products and concrete coating systems, announced Grant Huber joins the company as a sales representative overseeing the Southeastern United States. He is focused on building relationships with contractors, architects and end-users in the industrial
Molex Launches BiPass™ I/O and Backplane Cable Assemblies at DesignCon 2017
February 1, 2017
LISLE, Ill.--(BUSINESS WIRE)--Molex will debut its new BiPass™ I/O and Backplane Cable Assemblies in Molex booth 619 at the DesignCon 2017 Expo, to be held February 1-2 at the Santa Clara Convention Center in Santa Clara, CA. Combining QSFP+, Impel™ or near-ASIC connectors with thin twinax cables, the BiPass I/O and Backplane Assemblies
Nordson Corporation Announces Earnings Release and Webcast for First Quarter Fiscal Year 2017
February 1, 2017
WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation (Nasdaq: NDSN) today announced it will release first quarter fiscal year 2017 earnings on Monday, February 20, 2017 after the close of the market. Nordson will host its quarterly webcast on Tuesday, February 21, 2017. Date:   February 21, 2017 Time: 8:30 AM ET Listen via Internet:
Ecolab Closes on Purchase of Anios
February 1, 2017
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc. announced today that it has closed on its previously announced acquisition of Laboratoires Anios. Based in Lille, France, Anios is a leading hygiene and disinfection products manufacturer primarily for the healthcare market. 2016 sales of the acquired business were approximately €228 million ($245
Praxair Starts Up Hydrogen Facility for The Dow Chemical Company in U.S. Gulf Coast; Signs Long-Term
February 1, 2017
DANBURY, Conn.--(BUSINESS WIRE)--Praxair, Inc. (NYSE:PX) announced it has started up a hydrogen facility that will recover by-product streams from The Dow Chemical Company’s (Dow) Freeport, Texas operations. Under a long-term contract, Praxair is supplying high-purity hydrogen back to Dow in order to meet the company’s needs across
Ford F-Series, SUVs and Lincoln Drive January Retail Sales Gains; Overall U.S. Sales Down 1 Percent
February 1, 2017
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company’s U.S. retail sales of 120,400 vehicles are up 6 percent in January, while total sales declined 1 percent. Fleet sales of 52,212 vehicles, including daily rental, commercial and government segments, declined 13 percent. The fleet decline reflects a strong year-ago comparison, with fleet
Emerson Closes on the Sale of Leroy-Somer and Control Techniques to Nidec Corp
February 1, 2017
ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) announced that the sale of its Leroy-Somer and Control Techniques businesses to Nidec Corporation has been completed for a purchase price of $1.2 billion. The deal strengthens Emerson’s balance sheet and increases the company’s capacity for investment. “This transaction marks another
Space Florida Names FedEx Preferred Logistics Provider
February 1, 2017
MEMPHIS, Tenn.--(BUSINESS WIRE)--Space Florida today announced that it has named FedEx as its preferred provider of logistics, transportation and cargo related services. Space Florida maintains and operates the historic launch and landing strip—15,000 feet long and 300 feet wide—at the Shuttle Landing Facility at Kennedy Space Center
EnvisionTEC Celebrates 15th Anniversary as a Leading Manufacturer of 3D Printers and Materials
February 1, 2017
DEARBORN, Mich.--(BUSINESS WIRE)--In celebration of its 15th year anniversary, EnvisionTEC has planned for a full year of activities that will include a new look for its brand, new products, a social media contest and the launch of an E-Team user community. The company’s “15 Years Better” campaign will culminate with an open house
L3 Appoints Richard Foster as Corporate Vice President of Canada Operations
February 1, 2017
NEW YORK--(BUSINESS WIRE)--L3 Technologies (NYSE:LLL) announced today that it has appointed Richard Foster as corporate Vice President of Canada Operations. Based in Ottawa, Mr. Foster will be responsible for overseeing all of L3’s Canadian business and coordinating with the business development team to broaden L3 Canada’s customer
Thomas E. (Tom) Salmon Appointed Berry Plastic Group's Chief Executive Officer
February 1, 2017
EVANSVILLE, Ind.--(BUSINESS WIRE)--The Board of Directors of Berry Plastics Group, Inc. (NYSE: BERY) announced today that it has unanimously elected Thomas E. (Tom) Salmon as the Company’s Chief Executive Officer and appointed him to the Board of Directors, effective February 3, 2017. Salmon, who most recently served as the Company’s
Avery Dennison Declares Quarterly Dividend
February 1, 2017
GLENDALE, Calif.--(BUSINESS WIRE)--The Board of Directors of Avery Dennison Corporation (NYSE:AVY) has declared a quarterly cash dividend of $0.41 per share. The dividend is payable March 15, 2017, to shareholders of record on March 1, 2017. About Avery Dennison Avery Dennison (NYSE: AVY) is a global leader in pressure-sensitive and functional
Avery Dennison Announces Fourth Quarter and Full Year 2016 Results
February 1, 2017
GLENDALE, Calif.--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its fourth quarter and year ended December 31, 2016. All non-GAAP financial measures referenced in this document are reconciled to GAAP in the attached tables. Unless otherwise indicated, comparisons are to the same periods in
Jacobs Providing Strategic Policy Development Support to Transport for London
February 1, 2017
DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) has been awarded a two-year contract by Transport for London (TfL) to provide integrated impact assessment (IIA) services to support development and finalization of the revised Mayor’s Transport Strategy (MTS) for London, United Kingdom. The MTS is one of the key plans for the
CACI Awarded Prime Position on $47 Million Multiple-Award Contract to Support Army Night Vision and
February 1, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE:CACI) announced today that it has been awarded a prime position on a multiple-award, indefinite delivery/indefinite quantity contract, with a ceiling value of $47 million, to support the U.S. Army's Research Development and Engineering Command (RDECOM) Communications-Electronics Research
Xometry Secures Investment from GE Ventures
February 1, 2017
GAITHERSBURG, Md.--(BUSINESS WIRE)--Xometry, the leading on-demand manufacturing marketplace, has secured new funding from GE Ventures and existing investors, including Highland Capital Partners, to reach a total of $23 million raised. The infusion of capital will allow Xometry to accelerate investment in its software platform powering its
Axalta Coating Systems to Acquire Century Industrial Coatings
February 1, 2017
PHILADELPHIA--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, announced today that it has entered into an agreement to acquire Century Industrial Coatings, a leading manufacturer of high performance industrial coatings for structural steel, oil and gas, rail cars and other OEM