3:11 min
Management
Milacron reaches definitive agreement with investor group for $175 million asset sale
Milacron Inc. (MZIAQ.PK), a leading global supplier of plastics-processing technologies and industrial fluids, has signed a definitive agreement to sell substantially all of its assets to a company formed by certain affiliates of Avenue Capital Group, certain funds and/or accounts ...
1:40 min
Management
Court confirms Constar’s plan of reorganization
Constar International Inc. announced today that the U.S. Bankruptcy Court for the District of Delaware indicated its approval of Constar’s emergence from Chapter 11 in accordance with the Plan of Reorganization for Constar and its affiliated debtors. At the hearing, the Court ruled ...
4:40 min
Facts & Figures
2008 business year: Krones' profits up againFirst quarter 2009: Global recession hits performance
Global recession hits performance in 2009’s first quarter – Krones proposes 0.60 euros-per-share dividend for 2008Krones AG, the world’s market leader for beverage filling and packaging technology, had another highly successful year in 2008. At 2,381.4 million euros, consolidated ...
2:39 min
Facts & Figures
LyondellBasell adds holding company to Chapter 11 protection
LyondellBasell Industries today announced that LyondellBasell Industries AF S.C.A. has been voluntarily added to Lyondell Chemical Company's reorganization filing under Chapter 11 of the U.S. Bankruptcy Code to protect the European holding company against claims by certain financial ...
2:16 min
Facts & Figures
LyondellBasell increases fixed-cost reduction target to $700 million and initiates development of plan of reorganization
LyondellBasell today announced that it has increased its fixed-cost reduction target to $700 million by year-end 2010. The new target is part of a total performance improvement plan of $1.3 billion, which also encompasses variable and energy cost reductions, as well as revenue ...
2:20 min
Management
Coca-Cola is new minority investor
Innocent is pleased to announce that they have been successful in their search for a new minority investor to help fund their mission to get more natural healthy products to more people across Europe.The business is to receive £30m from The Coca-Cola Company. The money will be used ...
1:16 min
Management
New Board of Directors member for the Greiner Group
The Greiner Group Supervisory Board has appointed Dipl.-Bw. Axel Kühner as an additional member of the Board of Directors to join Dr. Axel Greiner. Born in Karlsruhe, Germany Mr. Kühner will take on the function from 01.04.2009. Dkfm. Dr. Peter Greiner, who has been an interim Board ...
2:10 min
Management
The ENGEL Scrapping Premium
In times like these in particular, a machine's economy and energy efficiency play an extremely important role. Old machines that have seen many years of service can quickly become energy hogs. And new investments typically pay their way in a very short time. For this reason, ENGEL is ...
3:52 min
Facts & Figures
Krones publishes its provisional figures for the 2008 business year
Krones AG, the world’s market leader for beverage filling and packaging equipment, has yet again turned in a very good result for the 2008 business year, as demonstrated by the provisional figures involved. Consolidated sales were up by 10.5 % over the previous year, to reach 2,381.4 ...
6:46 min
Facts & Figures
Strong results for 2008
Key figures for 2008 compared with 2007: Operating cash flow (EBITDA) : EUR 31.8 million (+ 40%) Recurrent Operating cash flow (REBITDA) : EUR 26.4 million (+ 16%) Net Financial Debt : EUR 34.3 million (minus EUR 16.3 million) Ratio Net Financial Debt ...