Reliability and Maintenance Training for the Manufacturing and Process Industry

IDCON has announced details of its training programmes it will be running later on this year in a free white paper on Power Technology. …read more

Source: Power Technology – Net Resources International

    

Alstom to supply equipment and maintenance package for Monterrey III power plant

Alstom has received contracts to supply a power island (KA24) for Iberdrola’s Monterrey III combined-cycle power plant in Pesqueria, Nuevo Leon, Mexico. …read more

Source: Power Technology – Net Resources International

    

O-I Reports Second Quarter 2014 Results

Positive volume trends in Europe and the Americas

PERRYSBURG, Ohio, July 30, 2014 – (ACN Newswire) – Owens-Illinois, Inc. (NYSE: OI) today reported financial results for the second quarter ending June 30, 2014.

Highlights

- Second quarter 2014 earnings from continuing operations attributable to the Company were $0.80 per share (diluted), compared with $0.81 per share in the same period of 2013.[1]
- Most regions generated year-over-year volume growth for the quarter. The Company reported strong gains in South America, modest growth in Europe and North America, and lower volume in Asia Pacific.
- Higher segment operating profit in South America was offset by modest declines in the other regions. Strong volume growth in Brazil and a promising increase in demand in the Andean countries boosted profitability in South America.
- Net interest expense was consistent with prior year.

Commenting on the Company’s second quarter results, Chairman and Chief Executive Officer Al Stroucken said, “Our performance in the second quarter was in line with our expectations. We are pleased with the positive volume growth we achieved in three of our four regions. Global volumes were up – excluding footprint reductions undertaken in China earlier in the year. Higher profitability in South America, likely a benefit from the World Cup, was modestly overshadowed by supply chain challenges in North America. And in Europe, production downtime associated with engineering activities related to our asset optimization program, as well as furnace rebuilds, mitigated the benefits of higher sales volumes.”

Operational highlights

Net sales in the second quarter of 2014 were $1.8 billion, up 1 percent from the prior year second quarter. Price was up 1 percent on a global basis, as a slight decline in Europe was offset by broad-based price gains in the Americas. Currency had a positive impact on the top line, with a stronger Euro more …read more

Source: ACN Newswire

    

Govt may review global airline bilateral agreement method

To ‘go slow’ on talks till comprehensive parameters are reached for determining such pacts …read more

Source: India – Business Standard

    

Modi wants to take tech from ‘lab to farmland’

Prime Minister Narendra Modi on Tuesday urged scientists to take technology to farms for raising crop productivity at a time when the government is being attacked for surging prices of some essential commodities.Pitching for greater use of research … …read more

Source: India – Business Standard

    

WTO: G-33, G-20 meet fails to break impasse

Director-General Azevêdo talks of action plan as deadline nears for trade facilitation agreement …read more

Source: India – Business Standard

    

Top earners, high-growth sectors under tax scanner

Tax department monitoring payments to professionals, high-value personal expenses …read more

Source: India – Business Standard

    

Consumer Protection Act to be amended to ease mediation

Move to facilitate out-of-court settlements …read more

Source: India – Business Standard

    

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