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Inapa reports lower Q2 sales despite increase in market share

Monday, 26 Sep 2016 02:20am EDT

Inapa Investimentos Participacoes e Gestao SA : Reported on Friday Q2 sales at 211.0 million euros ($236.7 million), down 3.1 percent from 217.8 million euros year on year . Q2 recurring EBITDA down 3.2 percent at 4.8 million euros versus 4.9 million euros year ago . Q2 net loss narrows to 0.1 million euros versus loss of 0.6 million euros year ago .Says slight increase in market share did not prevent a decrease in sales and narrowing of margins in a falling market.

Changgang Dunxin Enterprise updates on MOU regarding possible acquisition

Wednesday, 21 Sep 2016 05:49am EDT

Changgang Dunxin Enterprise: Memorandum Of Understanding In Relation To The Possible Acquisition <2229.HK> . Company entered into a memorandum of understanding ( ``mou'') in respect of a possible acquisition .Mou in respect of a possible acquisition by its wholly-owned subsidiary of 51% of shareholding of cayman company.

Ence H1 net profit at 11.4 mln euros, down 49 pct yoy

Wednesday, 21 Sep 2016 01:27am EDT

ENCE Energia y Celulosa SA : Said on Tuesday H1 net profit 11.4 million euros ($12.69 million) versus 22.1 million euros year ago, affected by lower average selling price in pulp and electricity generated in its biomass plants . H1 revenue 289.2 million euros versus 313.2 million euros year ago . H1 adjusted EBITDA 63.1 million euros versus 85.4 million euros year ago .Expects to obtain additional capital gain of 14 million euros with the divestiture of assets of 34.9 million euros estimated for the period.

Xiamen Anne names Zhang Jie as chairman and general manager

Tuesday, 20 Sep 2016 10:23pm EDT

Xiamen Anne Corporation Limited<002235.SZ>:Says it names Zhang Jie as chairman and general manager.

Suominen cuts outlook as sales prices fall

Tuesday, 20 Sep 2016 09:00am EDT

Suominen Oyj : Revises its outlook, sees net sales and comparable operating profit for 2016 expected not to reach the level of 2015 . Earlier estimated FY 2016 net sales and comparable operating profit to improve from year 2015 . "We expect sales volumes in tons in full year 2016 to remain at healthy level of 2015" .Estimates sales prices to fall short of those of 2015.

Zhejiang Dilong New Material completes name change to Zhejiang Dilong Culture Development

Sunday, 18 Sep 2016 11:33pm EDT

Zhejiang Dilong New Material Co Ltd <002247.SZ> :Says its name has been changed to Zhejiang Dilong Culture Development Co Ltd, effective on Sept. 19.

Mercer files for mixed shelf of up to $650 million

Thursday, 15 Sep 2016 04:30pm EDT

Mercer International Inc ::.

Stora Enso plans to close corrugated packaging plant in Finland

Thursday, 15 Sep 2016 03:09am EDT

Stora Enso Oyj : says plans consolidation of corrugated packaging production in Finland . According to the plan, the Heinola Corrugated plant would be closed permanently and packaging manufacturing transferred to the Lahti plant . says would invest approximately 19 million euros in new machinery and supporting infrastructure in Lahti . Says possible personnel reduction within plants in Lahti and Heinola combined is about 60 persons . says corrugated packaging production at the Kristiinankaupunki plant will be continued, Heinola Fluting mill for containerboard will not be affected . the plan will have a negative impact of approximately EUR 9 million which will be recorded as an item affecting comparability in Stora Enso's third quarter results Further company coverage: [STERV.HE] (Helsinki Newsroom) ((news@reuters.fi; +358 9 6805 0244)).

Kuangchi Science enters into investment agreement with Agent Video Intelligence<0439.HK>

Wednesday, 14 Sep 2016 06:17pm EDT

Kuangchi Science Ltd <0439.HK>: Company entered into an investment agreement with Agent Video Intelligence . Co to invest an aggregate sum of US$4.3 million in Agent Vi .

Yueyang Forest & Paper's general manager Jiang Liya resigns

Tuesday, 13 Sep 2016 11:30pm EDT

Yueyang Forest & Paper Co Ltd <600963.SS> : Says the company's general manager, Jiang Liya resigns from the position .Says it appoints Liu Yulu as general manager.

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