3:20 min Management

Constar International Inc. Receives Delisting Notice from NASDAQ Stock Market

Constar International Inc. (NASDAQ: CNST) today announced that on December 30, 2008, the Company was given a notice by The NASDAQ Stock Market that in connection with the Company's filing of Chapter 11 cases that day, and in accordance with Marketplace Rules 4300, 4450(f) and ...
4:49 min Management

Constar International Inc. Receives Court Approval on First Day Motions in its Reorganization Filing

Constar International Inc. (NASDAQ: CNST) announced the approval of its operational first day motions by the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court) on December 31, 2008. The Company received, among other things, interim Bankruptcy Court approval of ...
7:47 min Management

Chesapeake Corporation reaches agreement to sell all of its business operations as a going concern to affiliates of Irving Place Capital Management, L.P. and Oaktree Capital Management, L.P.

Chesapeake Corporation (OTCBB: CSKE.PK) today announced that it has reached an agreement to sell all of its operating businesses to a group of investors including affiliates of Irving Place Capital Management, L.P. and Oaktree Capital Management, L.P., who intend to continue ...
1:40 min Facts & Figures

LANXESS responds to global economic crisis and shifts investments

Specialty chemicals group LANXESS AG responds to the global economic crisis by taking further measures. “We have decided to put off some investment projects given the decline in demand for chemical products we are seeing throughout the world. In addition, this will ensure the ...
1:16 min Management

Mold-Masters Expands its Direct Sales Network into France

Mold-Masters is pleased to announce that it has completed the purchase their French distribution agency in order to serve the growing French customer base with a direct Sales and Service office for hot runner products and services.“We are excited by the future opportunity to ...
1:40 min Management

Organizational Announcement

I regret to announce the resignation of Thomas Anderegg, effective of January 31, 2009. After more than five years with Corvaglia, Thomas has decided to leave the company and to accept a new challenge. His commitment and enthusiasm during the impressive growth period have been of ...
1:32 min Management

Lars Olofsson leaves Nestlé

Lars Olofsson, Executive Vice President in charge of Strategic Business Units, Marketing and Sales, has decided to pursue other interests outside Nestlé and will therefore leave the company at the end of the month. During his 32 years at Nestlé, Mr. Olofsson was successively General ...
1:13 min Management

New CEO for MHT USA

MHT USA LLC., subsidiary of MHT Mold & Hotrunner Technology AG in Hochheim/Main, has appointed a new CEO effective immediately.Witold Neter, who has already been working since 2005 for MHT USA LLC. and was amongst other duties responsible for the technical development, is leading the ...
1:16 min Facts & Figures

Krones' growth continues strong in the first three quarters of 2008

During the first nine months of 2008 Krones remained on course for growth, despite the cyclical downturn. On a like-for-like basis, sales rose by 12.5 % to reach Euro 1,765.9 m. During the period under review, the company benefited from the increasing number of clients looking for ...
1:46 min Management

Constar International Inc. and Pepsi Sign a New Four Year Agreement

Constar International Inc. (NASDAQ:CNST) today announced that it has executed a four year agreement for supply of PET packaging products to Pepsi. The agreement covers supply of both bottles and preforms for cold fill applications beginning on January 1, 2009. As expected, compared ...