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MWV and RockTenn combine to create $16bn packaging firm
2015-01-29 10:28:34| Paper - Topix.net
MeadWestvaco and RockTenn have taken steps towards creating a combined packaging giant with an equity value of $16 billion having signed a definitive combination agreement. The new combined packaging company, which will be named prior to closing which is expected in the second calendar quarter of this year, will be positioned to generate substantial cash flow to deliver superior growth as a consumer and corrugated packaging behemoth.
Tags: create
firm
combine
packaging
Engineering firm eyes 7m growth
2015-01-28 13:21:21| Industrial Machines - Topix.net
Bosses of the TEW Group said the move would help fulfil its ambition to grow turnover from 13m to a 20m within the next five years. Pittsburgh-based civil engineering firm LB Foster also hopes its partnership with the 100-year-old Nottingham company will provide a platform for further expansion into international retail markets.
Tags: eyes
firm
growth
engineering
SK Hynix fourth-quarter profit sets new record on firm memory demand
2015-01-28 08:58:19| Semiconductors - Topix.net
South Korean memory chip maker SK Hynix Inc said on Wednesday its October-December operating profit more than doubled to a quarterly record high, boosted by healthy demand from servers and new smartphones launched by Apple Inc. SK Hynix, the world's second largest maker of DRAM chips used in personal computers and smartphones, said its DRAM shipments rose 18 percent from the previous quarter while the average selling price fell by 3 percent. Memory chip makers have been booking higher profits in recent quarters thanks to better-than-expected demand for personal computers and data servers as well as careful capacity management across the industry.
ACE Mentor program names new CEO; Ex-PB Chief Launches Consulting Firm
2015-01-28 01:06:47| ENR.com: Headline News
Northeastern Us Engineering Leadership program wins Engineering Academy's $500K Gordon Prize
Tags: program
names
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chief
Apple takes top spot in Chinese smartphone market - data firm
2015-01-27 21:38:44| Electronics - Topix.net
Apple Inc has shipped the most number of smartphones in China in the fourth quarter, overtaking Samsung Electronics Co Ltd and homegrown companies such as Xiaomi [XTC.UL] for the first time, according to data firm Canalys. Apple's iPhone 6 and 6 Plus launched last September have proved to be popular in Asia despite being costlier than most handsets.
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