- Dan River profits evaporate into air
DANVILLE, VA. — Hammered by a trifecta of sharply falling sales, the cost of shutting down plants and laying off workers, and margins at the vanishing point; Dan River Inc. recorded a fourth quarter deficit of $32.8 million, swinging to a loss from a year-before profit of $4.2 million. Sales ......
- Top business stories: northeast Indiana
update.
ALLEN COUNTY Allen County has faced its share of challenges this year. Several plant closings in the county were announced throughout the year. The major closings included defense contractor Raytheon, maker of military radios and submarine detecting sonobuoys, which eliminated 800 jobs in Fort Wayne and Columbia City. Mattel in ......
- Paper makers suffer as demand drops for supplies
The recent financial struggles of Glatfelter seem to be the norm in the paper industry, which is doing everything from laying off workers to closing plants to selling land. To cut costs, York-based Glatfelter recently sold roughly 25,500 acres of timberland in Maryland and laid off just more than 3 ......
- Lenovo lays off 1,400
Lenovo http://www.lenovo.com today announced 1,400 job cuts in an effort to streamline its supply chain and save some $100 million in its current fiscal year, which began on April 1. The top PC maker in China said the layoffs, which amount to roughly 5 percent of its total workforce, will ......
- TPEs Bond to Metals, Fibers Without
Adhesive.
PP-based thermoplastic vulcanizate (TPV) elastomers can now be bonded to metals and synthetic fibers without tie layers or adhesives. Advanced Elastomer Systems (AES), Akron, Ohio, says its latest Santoprene TPVs need only heat and pressure to bond strongly to anodized aluminum, cold-rolled and stainless steels, brass, copper, and coated nylon ......
- Tyco to cut 7,200 jobs; consolidate 219 facilities; quit 50+ businesses
Pembroke, Bermuda—Tyco International Ltd. is undertaking a divestiture and restructuring program that will layoff 7,200 employees, divest more than 50 businesses, and consolidate 219 facilities. Tyco's present management say the cuts will help it focus on its core businesses, simplify operations, and improve its cost structure. The divestiture, restructuring, and ......
- New members.
FSCT ONLY Abramson, Alan--Akzo Nobel Funct. Chem., Axis, AL. Allen, Kathy--Bayer MaterialScience, Pittsburgh, PA. Bernheim, Edward--Exxene, Corpus Christi, TX. Berthole, Catherine--Stepan Company, Northfield, IL. Bir, David--Georgia-Pacific Resins, Inc., Decatur, GA. Boufford, Mark--Rust-Oleum Corp., Vernon Hills, IL. Branton, Jennifer--Meadwestvaco, Charleston, SC. Bridges, Charlie--Deeks & Co., Inc., Stone Mountain, GA. Canavan, Ryan--J.H....