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Category:
Press
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Score One to Tap into China's US$120 Billion Auto Parts Exports Industry (Popularity:  )
Score One Inc. (OTC Bulletin Board: SREA) announced today that according to a recent article published by Michael Wen of Taiwan Economic News, Chinese authorities had marked the Chinese auto and auto-parts sectors as part of the official agenda by their reassuring performance in 2006. According to the article, Wei Jian-guo, vice minister of commerce, announced that China will boost its auto and auto-parts exports to US$120 billion in 10 ...
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Dresser-Rand Agrees to Acquire Arrow Industries, Inc. and Completes Acquisition of Assets of Enginuity LLC (Popularity: )
http://www.dresser-rand.com
Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC), a global supplier of rotating equipment to the oil, gas, petrochemical, and process industries, announced today that its affiliates have entered into two acquisition agreements. Each is consistent with the company's strategy of acquiring products, services, and technologies that offer access to new markets or enhance current market positions, and each will enable Dresser-Rand to expand services to its clients. The ...
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Federal Signal Corporation Approves a Plan to Sell E-ONE (Popularity: )
http://www.federalsignal.com
The Board of Federal Signal Corporation has approved a plan to sell E-ONE, a leading manufacturer of fire rescue and other mission critical vehicles. In February, Federal Signal announced that it was exploring strategic alternatives for E-ONE and was in discussions with prospective buyers. Peter Guile, president of E-ONE, stated, "The Board's approval of a plan to sell E-ONE is an important step for the Company and reinforces our commitment ...
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Wheeling-Pittsburgh Corporation Reaches Agreement in Principle on the Refinancing of Its Existing Credit Facilities (Popularity: )
http://www.wpsc.com
Wheeling-Pittsburgh Corporation (Nasdaq: WPSC), the holding company of Wheeling-Pittsburgh Steel Corporation, confirmed today that it has reached an agreement in principle with its lead banks on the terms of a $350 million revolving credit facility to replace its current $225 million facility, and a new $135 million term loan to replace its existing government guaranteed term loan. Wheeling-Pittsburgh expects to close on the new credit facilities prior to its pending ...
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LDK Solar Signs an Eight-Year Wafer Supply Agreement with Hyundai Heavy Industries Co., Ltd. (Popularity: )
http://www.ldksolar.com
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that it has signed an eight-year "Take or Pay" contract to supply multicrystalline solar wafers to Republic of Korea-based Hyundai Heavy Industries Co., Ltd (HHI). Under the terms of the agreement, LDK Solar will deliver 450 MW of multicrystalline solar wafers to Hyundai Heavy Industries Co., Ltd. over an eight-year period commencing in late 2008 ...
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Xinhua Far East Puts Fuyao Group Glass Industry Co Ltd on Review for Possible Upgrade (Popularity: )
http://www.fareast-cr.com
Xinhua Far East China Ratings ("Xinhua Far East") today placed the BB+ issuer credit rating of Fuyao Group Glass Industry Co Ltd ("Fuyao" or "the company", SH A 600660) on review for a possible upgrade. The rating action was prompted by expectations that Fuyao's capital expenditure will slow and its operating cash flow will improve as a result of its strengthening position in the domestic and global auto glass markets. ...
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Littlejohn & Co. Announces Sale of Stolle Machinery Company to GSO Capital Partners (Popularity: )
Littlejohn & Co., LLC, a private investment firm that applies an operational approach to building middle-market companies, today announced that it has completed the sale of its portfolio company, Stolle Machinery Company, LLC, the world's leading provider of equipment, aftermarket parts and services used in the production of beverage and food cans, to investment funds managed by GSO Capital Partners LP and its affiliates for an undisclosed amount. Based in ...
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Dresser-Rand Rejects the Painted Post Union's Offer to Return to Work (Popularity: )
http://www.dresser-rand.com
Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) today confirmed that it has notified the IUE-CWA Local 313 union representatives for the Company's Painted Post facility in New York State that it has elected not to accept the union's offer to unconditionally return to work under the expired contract. The union made the offer to return to work on November 19, 2007 following a sixteen week strike and several ...
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Regal Beloit Acquires Alstom's Motors and Fans Business in India (Popularity: )
http://www.regal-beloit.com
Regal Beloit Corporation (NYSE: RBC) today announced that the Company has acquired Alstom's motors and fans business in India. The business is located in Kolkata, India and manufactures and markets a full range of low and medium voltage industrial motors and fans for the industrial and process markets in India. Alstom is noted for high quality process duty motors with a full range from 1 to 3500 hp. The business ...
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Flow Comments on Shareholder's Recent Letter (Popularity: )
http://www.flowcorp.com
Flow International Corporation (Nasdaq: FLOW), the world's leading developer and manufacturer of industrial waterjet machines used for cutting and cleaning applications around the world, issued the following statement to all shareholders from its Board of Directors, in response to a letter that it received from a large shareholder. Dear Shareholders: In a recent letter to the Board of Directors (that also was part of a Form 13-D filed with the ...
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