PFB Corporation Announces Third Quarter Results for 2009 and Declares Regular Quarterly Dividend Nov 4, 2009
Plasti-Fab, EPS Product Solution are products, manufactured using expanded polystyrene (EPS) as base raw materials, that are delivered to customers in five segmented markets. Advantage ICF Systems are insulating concrete forming systems that are employed to build insulated foundations and walls from concrete in both residential and commercial markets. (CCNMatthews Press Releases)
Representing Germany Nov 4, 2009
Despite some of these challenges, Langedyke said Germany is still a world leader in consumer goods and raw materials. Langedyke's group spent 14 hours in two weeks researching Germany. (Pocatello Idaho State Journal, ID)
Index points to higher unemployment Nov 4, 2009
"Supply managers reported that prices for raw materials and supplies declined by an average of 0.4 percent over the past year," Goss said. "However, recent growth in the prices-paid index due to a weak dollar and record low Federal Reserve interest rates will result in elevated inflationary pressures at the consumer level as early as the middle of 2010.". (Casper Star-Tribune, WY)
Standard Chartered 79% Return Overtakes HSBC With Asian Investment Rebound Nov 4, 2009
Until recent decades, Standard Chartered was the quintessential colonial bank; its role was to facilitate the shipment of manufactured goods to the U.K.s far-flung colonies and to finance the movement of raw materials back to Britain. It was a gentlemanly club with immense loyalties, says John Brinsden, 67, who retired in 1999 as resident director for Indochina after 38 years with the bank. (Bloomberg)
Losses wane at Louisiana-Pacific Nov 4, 2009
However, much of the credit is due to the focus on cost containment, managing our operations more efficiently and lower raw materials costs. Because the fourth quarter is historically a weak part of the year for demand, our goal for the remainder of the year is to conserve cash and improve liquidity so that when this economic downturn subsides, we will be well positioned to compete," Frost said. LP manufactures wood materials for interior and exterior use in residential, industrial and light... (Nashville Business Journal, TN)
Funding for top projects tops agenda for meeting Nov 4, 2009
Project backers say the spur line, a $300 million project, would reduce transportation costs for mining companies hauling raw materials such as coal and bentonite from Interior Alaska to tidewater for export. The borough, with $10 million in state money approved in 2007, is seeking federal permission to build the line. (Anchorage Daily News)
Gold hits record as India buys IMF bullion Nov 4, 2009
Indias purchase buoyed gold as industrial metals slumped on concern that governments will remove economic-stimulus measures, crimping demand for raw materials. Copper and lead both fell as much as 2. (Sydney Morning Herald -- Business)
Necco Goes All-Natural Nov 4, 2009
The changeover will result in slightly higher costs for raw materials for Necco, but no additional manufacturing costs, she said, and it will not affect the shelf life of the candy. The company won't say if the move to all-natural might eventually extend to other product lines, including Valentine's Day favorite Sweethearts and Clark bars. (Fox News)
World Bank: Malaysia'a 2009 GDP to contract 2.3%, grow 4.1% in 2010 Nov 4, 2009
4 per cent growth in China this year and the country's domestic demand racing ahead global demand, countries exporting consumer durables, electronic components and raw materials to China have felt the positive flow-on effects. As a result, the World Bank is projecting 6. (The Star Online, Malaysia)
Timminco Provides Update on Class Action Lawsuits Nov 4, 2009
Timminco cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Timminco's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to: global economic conditions; liquidity risks; credit risks; customer commitments for solar grade silicon; customer deposits; solar grade silicon production costs; quality of solar grade silicon; selling... (CCNMatthews Press Releases)
Canadian Currency Strengthens From One-Month Low as Gold, Crude Oil Gain Nov 4, 2009
Raw materials including gold and crude account for more than half of Canadas export revenue. The loonie earlier fell against its U.S. counterpart as a wider-than-estimated loss at UBS AG pushed down stocks. (Bloomberg -- Canada)
China: U.S. partner, or rival? Nov 4, 2009
6: China's breathtaking economic expansion has led to a voracious demand for raw materials around the world and the rapid expansion of China's presence in countries as far apart as Venezuela ... Human rights groups say China is propping up repressive regimes in order to secure its access to critically important raw materials, including much sought after "rare earth" minerals which are a key component in consumer electronics such as cell phones ... 7: China is also a strong influence in the... (CNN -- International)
Housing's Hot On Davis Ballot Nov 3, 2009
"People will be driving to town; they won't be riding their bikes, and people just don't do that from the edge of town. The houses are still built with raw materials that are taken from the ground from forests," said Fraser Shilling, a UC Davis professor, ecologist and opponent of the measure. "Sprawling subdivisions at the edge of town on agricultural lands have to end.". (KCRA 3, CA)
Brazilian Stocks Trading in N.Y. Jump on U.S., China Manufacturing Growth Nov 3, 2009
Vale and Petrobrass American depositary receipts climbed more than 1 percent as the Reuters/Jefferies CRB Index of 19 raw materials advanced ... The Baltic Dry Index, a measure of commodity shipping costs, extended last months 40 percent surge as steadying Chinese steel prices boosted demand for raw materials to make the alloy. (Bloomberg -- Latin America)
Rio Tinto softens stance on ore talks Nov 3, 2009
"Although many steelmakers have seen poor profits, they are not taking any initiative to curb production," said Ye Xiaofeng, general manager of Jiangxi-based Nanchang Changli Iron & Steel Co's raw materials division. "The price of domestic iron ore has limited room to fall further, and given the fact that European and Asian steel markets are reviving, next year's benchmark price may remain high.". (Xinhuanet, China)
Throwing his voice: RBA governor's secret weapon Nov 3, 2009
The share prices of our resource companies may soar because China demands our raw materials. A boom does not always equal a bubble. (Sydney Morning Herald -- Business)
Ridley Inc. Reports Financial Results for Fiscal 2010 First Quarter Nov 3, 2009
5% decline in gross profits, reflecting the decline in feed demand in the troubled livestock economy, and lower unit margins following a softening of raw materials prices from a year ago ... Cash flows last year were significantly affected by the substantial rise in raw material costs and the accumulation of raw materials in expectation of volatile markets which increased inventory and accounts receivable balances ... Commodity-based agricultural raw materials constitute a significant component... (CCNMatthews Press Releases)
Canadian Currency Drops as Officials Say It's Too Strong, Oil, Stock Slump Nov 2, 2009
Raw materials account for more than half of Canadas export revenue, and crude is its biggest export. Doesnt Feel Complete. (Bloomberg -- Canada)
Muru Dam: More than 100 wildlife species at risk Nov 2, 2009
(The construction of the Murum Dam has already begun in ernest, with site clearing, road clearing, hill blasting and transportation of raw materials and workers in full-swing). A field survey of 15 sites in the forests affected by the Murum project found 99 species of birds and at least 19 species of mammals. (The Star Online, Malaysia)
Swisscanto Buys Australian Bonds to Limit on Bet Currency Will Advance 6% Nov 2, 2009
More than half of the nations overseas shipments are made up of raw materials. Australias economy will expand 1. (Bloomberg -- Australia & New Zealand)
Stocks Drop Most in Month on Stronger Yen, Weaker Commodities; Canon Falls Nov 2, 2009
Japans largest trading company which generates more than half of its profit from raw materials, declined 3. 1 percent on lower commodity prices. (Bloomberg -- Japan)
Hindustan Unilever Profit Falls 22% on Increased Spending for Marketing Nov 1, 2009
9 percent a year earlier on lower costs of raw materials. Profit before interest and tax from personal care products such as skin creams and toothpaste rose 23 percent to 3. (Bloomberg -- Asia)
Iranian Lawmakers Reject Uranium Plan Nov 1, 2009
Otherwise, they should offer to trade finished fuel rods for the raw materials in a simultaneous exchange. Neither side trusts the other, so the Iranian comment regarding not trusting the West is a simple smoke screen. (CBS News)
Zimbabwe: Mugabe Accuses PM's Party of Dishonesty Nov 1, 2009
"Our companies can no longer do business there, the markets no longer exist. "Raw materials and spare parts from Europe are no longer coming. "Masanctions, handi masanctions anorambidza vanhu vakasarudzwa kufamba asi mabusiness edu haakwanisi kutengeserana. "Zvinorwadza nekuti nyika yedu yanga ine economy yangayakatarisa kunyika idzodzo. (allAfrica.com)
Maoist insurgents extend their campaign of violence in India Nov 1, 2009
Maoists accuse the government of trying to push tribal groups off their land to gain access to raw materials and have sabotaged roads, bridges, and even an energy pipeline. If the Maoists political goals seem unattainable, analysts warn, they will not be easy to uproot, either. (Boston Globe)
Survey finds optimism at health-care firms Oct 31, 2009
The survey also found that 83 percent of health-care CFOs are more concerned about paying for employee benefits, including health care and pensions, than other costs, such as energy, insurance or raw materials. Most Read Stories. (Triangle Business Journal)
Canadian Currency Tumbles as Report Shows Economy Unexpectedly Contracted Oct 31, 2009
Raw materials account for more than half of Canadas export revenue, and crude is the nations biggest export. Government bonds rose, pushing the Canadian two-year notes down nine basis points, or 0. (Bloomberg -- Canada)
EDCI Holdings, Inc. Announces 3Q2009 and YTD 3Q2009 Results Oct 31, 2009
Some of these results and uncertainties are discussed in EDCI's most recently filed Annual Report on Form 10-K. These factors include, but are not limited to the current global and economic downturn; declining nature of CD and DVD industries; potential intellectual property infringement claims; variability of quarterly results and dependence on key customers; increased costs or shortages of raw materials or energy; international business risks; foreign currency translation and transaction risks;... (Yahoo! Wire -- Entertainment News)
Canberra gives green light for Aquila purchase Oct 31, 2009
The deal is Baosteel's first big international strategic investment in a public company and secures it a long-term supply of raw materials. It will have a preferential opportunity to invest directly in most of Aquila's projects and will provide support in sourcing financing from Chinese institutions, Aquila has said. (Sydney Morning Herald -- Business)
Brazil Stocks Drop, Cap Worst Week in Eight Months, on Oil Slump, Embraer Oct 31, 2009
The of 19 raw materials dropped 2. 1 percent. (Bloomberg -- Latin America)
Sims Metals Profit Drops 77% on Demand Slump in North America, Europe Oct 30, 2009
Mitsui Raw Materials holds a 19 percent stake in Sims. Sims agreed to buy Metal Management Inc. for $1. (Bloomberg -- Australia & New Zealand)
Analysis: SABMiller gives new meaning to home-brewing in Africa Oct 30, 2009
Currently about 82 percent of the raw materials used in the final product are imported. Mark Bowman, the managing director of SABMiller Africa, said at a press briefing earlier this week: "The long supply chains offer opportunity to localise and to take out costs.". (Business Report, South Africa)
Warm welcome signals diplomatic thaw Oct 30, 2009
In a speech to the Australian National University's China Institute, Mr Smith said the relationship between China and Australia was based on mutual respect and mutual benefit and was underpinned by China's demand for raw materials, food and energy. "We have been going through some tense times but we're very confident that we're now effectively back to business as usual," Mr Smith said. (Sydney Morning Herald -- Australia)
Norbord Reports Third Quarter 2009 Results Oct 30, 2009
Note 4 - Inventory ------------------ Sep 26 Dec 31 (US $ millions) 2009 2008 ------------------------------------------------------------------------- Raw materials $ 16 $ 20 Finished goods 34 32 Operating and maintenance supplies 25 29 ------------------------------------------------------------------------- $ 75 $ 81 ------------------------------------------------------------------------- ------------------------------------------------------------------------- At period end, the provision... (Canada Newswire)
Baosteel to acquire part of Aquila Oct 30, 2009
It is Baosteel's first strategic investment in a public company and secures it a long-term supply of raw materials. Baosteel will have a preferential opportunity to directly invest in most of Aquila's projects and will provide support in sourcing financing from Chinese institutions for the projects, Aquila said in a statement in August. (Sydney Morning Herald -- Business)
Avon Calling Emerging Market Investors at 13% Discount to Brazil's Natura Oct 30, 2009
The less advanced markets are leading the global economy out of its first recession since World War II as gains in raw materials from oil to copper boost earnings from producers such as Brazil. Stimulus plans led by Chinas 4 trillion-yuan ($586 billion) package are fueling demand for real estate, automobiles and appliances. (Bloomberg -- Latin America)
Otter Tail Corporation Announces Third Quarter Earnings; Board of Directors Declares Dividend Oct 30, 2009
We are committed to maintaining a strong balance sheet and an appropriate cost structure that provide Otter Tail Corporation with significant financial flexibility," said Moug. Segment Performance Summary Electric Electric revenues and net income were $73.6 million and $9.5 million, respectively, for the quarter ended September 30, 2009 compared with revenues of $82.9 million and net income of $6.5 million for the quarter ended September 30, 2008. Wholesale electric revenues from company-owned... (Primezone Releases)
Silicon Motion Announces Third Quarter Results for the Period Ended September 30, 2009 Oct 30, 2009
Potential risks and uncertainties include, but are not limited to, our belief in the outcome of any claim or lawsuit, including those uncertainties relating to litigation filed against the Company relating to whether its products are covered by patents not owned by the Company; unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or... (Primezone Releases)
Are Investors Ready for Higher Interest Rates? Oct 30, 2009
Of course, a weak dollar can also push higher the prices of commodities like raw materials or oil. An Inflection Point. (BusinessWeek)
* [BUSINESS BRIEFS] Oct 30, 2009
2 billion in write backs for stockpiles and raw materials in the third quarter, it said on Wednesday. Nine-month net income dropped to NT$3. (Taipei Times, Taiwan -- World)
Evraz Says Pipe Orders May Spur Oregon Plant Restart as Steel Demand Gains Oct 30, 2009
China has high-cost steel production as it relies on imports of raw materials, he added. China has no reason to export its steel below the cash costs. (Bloomberg -- Europe)
Ethnic Uighur journalist detained in China Oct 30, 2009
Beijing is sending a top-level official to Australia this week for the first time since a series of rows sent relations plummeting between the Asian giant and one of its key suppliers of raw materials. In a sign that tensions between the two countries are finally easing, Chinese Vice Premier Li Keqiang - considered a potential future president - was to arrive late Thursday in Sydney and be greeted by Deputy Prime Minister Julia Gillard. (Fresno Bee -- Local)
Canadian Dollar Climbs From 3-Week Low as Stocks, Oil Gain on U.S. Growth Oct 30, 2009
The Reuters-Jefferies of 19 raw materials rose 2 ... Raw materials generate more than half of Canadas export revenue, and crude is the nations biggest export. (Bloomberg -- Canada)
W.G. to save big bucks with utility piggyback Oct 29, 2009
Depending on the cost of raw materials, Winter Garden s bill could rise or fall. In other business, the elected officials. (Winter Garden West Orange Times, FL)
Rwanda: Country Set to Lead in Biodiesel Production - IRST Director General Oct 29, 2009
They have the capacity to produce 2000 litres per day, currently we are producing less than that because of power problems and lack of enough raw materials but we are thankful to government for easing procurement procedures and waiving tax on the importation of these raw materials ... Talking about raw materials, there is a danger of feeding the biodiesel industry at the expense of human consumption, what is your take on this. (allAfrica.com)
Canadian Currency Weakens as Global Equities and Crude Oil Post Losses Oct 29, 2009
The Reuters/Jefferies CRB of 19 raw materials fell 2 percent. Raw materials account for more than half of Canadas export revenue. (Bloomberg -- Canada)
Zimbabwe: Housing Woes Poised to Ease Oct 29, 2009
"Critical productive sectors such as agriculture, manufacturing and mining were operating below full capacity utilisation due to foreign currency constraints in the importation of critical raw materials and inputs such as fuel and electricity. "Further, as the world is increasingly beginning to accept, our poor economic performance had part of its origins in the illegal declared and undeclared sanctions unilaterally imposed against our country, by those still craving for racial imbalances in the... (allAfrica.com)
* Outlook upbeat for chip testers, Siliconware says Oct 29, 2009
4 percent a year ago, as prices of gold X used in raw materials for chip packaging X soared and the New Taiwan dollar appreciated against the greenback, Lin said. Business prospects in the fourth quarter are projected to be as strong as the third. (Taipei Times, Taiwan -- World)
What Are Coral Reef Services Worth? $130,000 To $1.2 Million Per Hectare, Per Year Oct 29, 2009
Food, raw materials, ornamental resources: average 1,100 (up to 6,000). Climate regulation, moderation of extreme events, waste treatment / water purification, biological control: average 26,000 (up to 35,000). (Science Daily)
* China Steel sees surge in Q3 profit Oct 29, 2009
Other favorable factors affecting the companys third-quarter profit were declines in undelivered raw materials and inventories at China Steel, which helped the company cut sales costs by reversing a NT$1. 24 billion loss on undelivered raw materials and a NT$9. (Taipei Times, Taiwan -- World)
Do not rush to impose goods and services tax Oct 28, 2009
Exporters under the GST regime getting refunds on tax paid on raw materials must also be refunded quickly to ensure that the flow of capital and money is not stuck. In the current scenario, getting a refund on taxes can be a challenging task. (The Star Online, Malaysia -- Business)
Steel demand growing in India: Tata Steel MD Oct 28, 2009
A slowing steel market in Europe amid growing resentment from labour unions, rising prices of raw materials, tackling local opposition jittery about an Orissa plant and battling environmentalists at a forthcoming port project, Mr Nerurkar has his plate full ... The growth in demand has put pressure on raw materials. (India Times)
Tata Steel net profit dips 49% Oct 28, 2009
Tata Steel saw a rise in raw materials costs to Rs 1,426 crore during the period under review mainly due to imported coal. However, it sold more steel during the quarter with volumes growing by a fifth to 1. (India Times, India -- Intl Business)
Fed Bank: Texas factory output contracts Oct 27, 2009
Selling prices remained consistent between September and October, while the raw materials price index rose with companies saying they're dealing with higher input prices. Many manufacturers are still seeing net price declines on their goods, the report added. (Dallas Business Journal, TX)
Leinie's, other brewers trying to reduce water use Oct 27, 2009
The inaugural Great Lakes Craft Brewers & Water Conservation Conference comes in the midst of a recession when consumers are trying to stay loyal to their brands and their budgets and when brewers have been socked by steep increases in the price of raw materials. The price of hops, for instance, rose 100 percent in 2008. (Chippewa Falls Chippewa Herald, WI)
Africa: What Will China's Legacy in Africa Be By 2049? Oct 27, 2009
"Africa exports 80 percent of its oil and minerals to China. But Africa should not just be seen as a source of raw materials. "Its economies should be diversified to take advantage of the huge Chinese market with its need for other products as well. There is, for example, great potential for agricultural products to be exported to China," he suggested. The world is seeing a new "coupling" of Southern countries and China, with the latter's insatiable demand for minerals underpinning the growth of... (allAfrica.com)
Russia's GDP contracts 10% in first 9 months of 2009 Oct 27, 2009
Russia's economy, heavily dependent on exports of energy and raw materials, has been hit hard by the international financial crisis, especially by fluctuating oil prices and lower capital inflow. Editor: Mu Xuequan. (Xinhuanet, China)
Agriculture Deserves a Second Look (19) Oct 27, 2009
For the more entrepreneurially spirited individuals, I would highly encourage you to recognize the growing list of opportunities for creating value-added products from the raw materials that agriculture has to offer. I direct the state s newly created Wisconsin Agricultural Education and Workforce Development Council, in which the 34-person council and I are tasked with the mission of advocating for more people to pursue careers in Wisconsin agriculture due to such shortages being reported by... (Agri-View, WI)
SPoly offers HND in Ceremic, Brick and Tile production Oct 26, 2009
Sunyani (B/A) Oct. 25 GNA - The Sunyani Polytechnic (S-Poly) has introduced a Higher National Diploma (HND) programme in Ceramic, Brick and Tile to facilitate, encourage and promote the use of local raw materials in the building and housing industry ... He said students would acquire theoretical and practical knowledge to equip them either as building contractors with emphasis on the use of locally produced raw materials or employees of companies in the building construction industry. (Ghana Web, Ghana)
Wash. wineries getting bigger as production grows Oct 26, 2009
The business leaders see dozens of rail cars loading and off-loading raw materials and agriculture products each day. They envision warehouses and other buildings carved out of the grape fields west of Kingsburg. (Fresno Bee -- Business)
Putin Says Russia Will Delay Wood Export Duty Hike Oct 26, 2009
"It's in the interests of our cooperation to have raw materials, machinery and other products move freely across the border," Vanhanen said. "The high export duty will make raw timber too expensive for us.". (ABC News -- Wire)
Cost cuts help Electrolux profits Oct 26, 2009
The company said that cost savings and reduced prices of raw materials had both helped to improve profitability. It added that raising prices and an improved product mix had contributed. (BBC News -- Europe)
Bull's Eye: AEL, Bajaj Auto, Hero Honda, Asian Paints, Yes Bank Oct 26, 2009
Thus, 40% of steel will be re-priced from October and margins will be affected by increases in prices of other key raw materials eg, aluminium and tyres from the coming quarter ... With HH having got the full benefits of lower input prices in 1Q, raw materials per vehicle as well as RM/sales were flat QoQ in 2Q.. (India Times)
Touradji Beaten by Commodity Indexes Shows Hedge Funds Losing Edge in 2009 Oct 26, 2009
1 percent in its raw materials fund. Commodity lost 3. (Bloomberg -- UK)
The Penang experience Oct 26, 2009
Consistent review of quotations based on the latest pricing of raw materials is needed to lower the cost of government projects, Tan said. News Poll. (The Star Online, Malaysia)
