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Archive by category Manufacturing

Sonoco to Acquire Eviosys, Creating The World’s Leading Metal Food Can and Aerosol Packaging Platform

Advances Sonoco’s Shareholder Value Creation Strategy Through Disciplined and High Return Capital Investment Transaction Value of Approximately $3.9 Billion Represents a Multiple of 7.3x 2024 Expected Adjusted EBITDA Including Synergies Rodger Fuller, Chief Operating Officer, to Lead Integration; Expect to Achieve Over $100 Million of Synergies Within 24 Months Acquisition Expected to be Immediately Accretive [...]

AKWEL: TURNOVER FOR THE FIRST QUARTER OF 2024

Champfromier, Thursday, May 2, 2024 TURNOVER FOR THE FIRST QUARTER OF 2024 Turnover down -3.3% at constant scope and exchange rates Net cash position €111.8M AKWEL (FR0000053027, AKW, PEA-eligible), parts and systems manufacturer for the automotive and heavy-vehicle industry, specialist in fluid management, mechanisms and structural parts for electric vehicles, has [...]

CNH Industrial N.V. Reports First Quarter 2024 Results

First quarter consolidated revenue declined 10% on lower industry demand First quarter diluted EPS at $0.31; adjusted diluted EPS at $0.33 ($0.35 in the first quarter of 2023) First quarter Agriculture segment adjusted EBIT margin down 200 bps year-over-year to 12.5%; Construction up 150 bps to 6.7% Cost reduction programs on track, helping to mitigate [...]

CNH Supports Expanded Rural Connectivity in Latin America

CNH supports expanded rural connectivity in Latin America The company’s latest strategic agreement in Argentina with Telecom takes our network coverage to close to 15 million hectares of farmland on the continent. Basildon, March 4, 2024 (Korea Bizwire) Farming is and always has been one of the toughest jobs out there, but through its suite [...]

CNH among top 5% in S&P Global Yearbook and high scorer in Dow Jones Sustainability World & North America Indices

CNH among top 5% in S&P Global Yearbook and high scorer in Dow Jones SustainabilityTM World & North America Indices Basildon, February 7, 2024 (Korea Bizwire) – S&P Global – a leading authority in financial information and analytics – has ranked CNH as one of the strongest performers in its 2024 Sustainability Yearbook. We placed in the [...]

CNH Streamlines Senior Leadership Structure

Basildon, January 9, 2024 (Korea Bizwire) CNH announces a streamlining of its leadership structure. Effective immediately, the Company is reducing the size of and realigning the Senior Leadership Team (SLT) which will henceforth be known as the Global Leadership Team (GLT). The GLT is the Company’s operational decision-making body responsible for driving the performance of [...]

S&P Global Ratings raises its rating on CNH Industrial to ‘BBB+’

Basildon, December 1, 2023 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on November 30, 2023, S&P Global Ratings raised its long-term issuer credit ratings on CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC, to ‘BBB+’ from ‘BBB’. S&P Global Ratings also affirmed the ‘A-2′ short-term issuer credit [...]

CNH Brands Dominate at Farm Machine 2024 Awards

New Holland CR11 wins Best Combine Harvester New Holland T7.270 Methane Power CNG tractor wins Best Upper Class Tractor Case IH Farmall 75C Electric named Best Compact Tractor Basildon, November 15, 2023 (Korea Bizwire) – CNH is proud to announce that we have taken home the most medals at the Farm Machine 2024 awards. The awards, [...]

TMC and PAMCO Sign Binding MOU to Complete Feasibility Study to Process Polymetallic Nodules into Battery Metal Feedstocks

Following successful completion of the pre-feasibility exercise, TMC and PAMCO have entered into a binding memorandum of understanding (MOU) where PAMCO will complete a feasibility study to process 1.3 million tonnes of wet polymetallic nodules (PMN) per year to produce lithium-ion battery and steel making feedstocks as part of the NORI-D Project Zero development This [...]

Matmerize Secures DOD Award to Develop Low-flammability Polymer Composite Materials Using Advanced AI Methods

ATLANTA, Nov. 07, 2023 (Korea Bizwire) – Matmerize, Inc., an industry leader in Polymer & Formulations Informatics proudly announces its selection by the US Department of Defense (DOD) for a Small Business Innovation Research (SBIR) contract aimed at advancing AI methodologies for accelerating the design of novel low-flammability polymer composite materials. Matmerize is excited about the [...]