Textiles / Leather Goods
Nishat (Chunian) Limited to Invest in New Subsidiary
Nishat (Chunian) Limited announced that it is to set up a wholly owned subsidiary in the United States of America for the purpose of textile marketing and trading with an equity investment of up to USD 1 million.
Chandni Textiles Engineering Industries Ltd Announces Setting Up Of New Velvet Manufacturing Plant
Chandni Textiles Engineering Industries Ltd announced that the Board of Directors of the Company at its meeting held on December 19, 2012, has decided, looking at the steady and growing demand for velvet fabrics, to set up a velvet manufacturing plant in Ankleshwar, Gujarat and has decided to look out for Land with 10000 sq.ft. building either on outright or lease basis for the same. The Board also approved the import of Looms which have been sourced and the shipment is likely to take place in the month of January 2013. Further the Board has also decided to setup warehouses in various cities like Pune, Nasik, Ahmadabad etc in order to expand in the business of sourcing used imported machinery and has decided to look out for warehouses measuring approximately 10000 sf. ft. constructed area either on outright or lease basis in these cities for the same.
Sumeet Industries Ltd Announces Incorporation Wholly Owned Subsidiary Company
Sumeet Industries Ltd announced that the Board of Directors of the Company at its meeting held on December 10, 2012, has incorporated its wholly owned subsidiary Company named SUMEET GlOBAL PTE LIMITED at Singapore for trading and investment purpose.
Grobina AS Announces Establishment of New Site
Grobina AS announced that it has begun working on the development and implementation of a new project, the establishment of a new feedstuff kitchen, which in future could provide feedstuff not only for Grobina AS, but also for other farms of Latvia and Lithuania. The implementation of this project is planned to be in parts over several year time and amount of investments would accordingly be starting from LVL 1.5 million to LVL 5 million.
Sumeet Industries Ltd Announces Incorporation Of Subsidiary
Sumeet Industries Ltd announced that the Board of Directors of the Company at its meeting held on November 09, 2012, inter alia, has decided to incorporate a Wholly Owned Subsidiary Company of the Company in Singapore for trading and investment purpose.
Gabriel Holding A/S's Subsidiary Establishes New Company in Lithuania
Gabriel Holding A/S announced that its subsidiary established the company FurnMaster UAB in Lithuania on October 29, 2012. FurnMaster UAB was established as an upholstering entity whose object is to support the Group’s continuing strategy via production services within the area sewing and upholstering of components and completed furniture. FurnMaster UAB was established with share capital of LIT 10,000. The equity in the company is 90%. The remaining 10% is owned by the company’s manager. An agreement was entered into on November 7, 2012 with a Lithuanian production partner on taking over this company’s assets, which comprise the production basis in FurnMaster UAB. Gabriel A/S has also entered into an option agreement with the minority shareholder on taking over the minority holding within the next two years.
Ahlstrom Oyj Inaugurates New Plant in China in Partnership with Longkou Yulong Paper Co. Ltd
Ahlstrom Oyj announced that it is on November 7, 2012 inaugurating its new production facility in Longkou, Shandong Province, in eastern China. The plant is a joint venture together with Longkou Yulong Paper Co. Ltd, and it produces medical papers used for sterilization wraps and masking tape base papers for the building industry in the Asian market. The new plant in China is the outcome of a EUR 21.9 million investment, of which EUR 13.1 million contributed by Ahlstrom, and employs approximately 140 people. Located in the Zhu You Guan Industrial Park in Longkou, the plant is positioned near a commercial port with connections to China and Asia by road and sea. The investment was initially announced on October 28, 2010. The plant is a part of Ahlstrom's Food and Medical Business Area. In addition to Longkou, Ahlstrom has three other manufacturing plants and twelve sales offices in Asia, providing service throughout the region.
Bros Eastern Co Ltd to Set up Subsidiary in Vietnam
Bros Eastern Co Ltd announced that it will invest totally USD 98 million to set up a subsidiary named BROTEX (VIETNAM) CO., LTD. in Vietnam. The subsidiary will be with a registered capital of USD 25 million and be engaged in the production, processing and sale of yarn and its by-products.
Ruentex Industries Ltd to Invest in Mainland China
Ruentex Industries Ltd announced that it will invest EUR 3.5 million to indirectly set up subsidiary in Shanghai, Mainland China. The new subsidiary will be engaged in the wholesale and retail of apparel goods.
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Sector Summary
| Energy |  -0.02% |
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| Industrials | +0.03% |
| Cyclical Goods & Services | -0.13% |
| Non-Cyclical Goods & Services | -0.38% |
| Financials | -0.58% |
| Healthcare | -0.18% |
| Technology | -0.07% |
| Telecoms | -0.57% |
| Utilities | -0.12% |
| DOW | 15,335.28 | -19.12 |
-0.12% |
| S&P 500 | 1,666.29 | -1.18 |
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| NASDAQ | 3,496.43 | -2.53 |
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Edison Investment Research
|
$10.00
|
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Provider: Bohai Securities Co.,Ltd.
|
$23.00
|
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Provider: GlobalData
|
$125.00
|
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Provider: GlobalData
|
$125.00
|
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Provider: Reuters Investment Profile
|
$20.00
|
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