3:53 min Management

Successful customer days at KraussMaffei:

All-electric injection moulding machines, direct extrusion and processing PUR composites were the three topics in the spotlight at the parallel customer events held by KraussMaffei’s three technology divisions. Over 1000 customers gathered at the company’s main plant in Munich to ...
1:40 min Management

Kevin Kwilinski joins Portola Packaging as President and Chief Executive Officer

Portola Packaging, Inc .announced that Kevin Kwilinski has been hired as its President and Chief Executive Officer.Mr. Kwilinski comes to Portola from a 10 year career with Graphic Packaging International, a $4.5 Billion global paperboard packaging company, where he served in ...
1:20 min Facts & Figures

Clariant with strong cash flow despite continuing weak demand

Sales down 19% in local currencies and 24% in CHF on weak demand Operating loss before exceptionals of CHF 13 million due to low capacity utilization and inventory devaluations Cash flow from operations up to CHF 156 million from CHF – 6 million in Q1, 2008 due to strong ...
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 ...