Ricoh Company, Ltd. (President & CEO: Shiro Kondo) has announced that it will participate in the Japan Climate Leaders Program (Japan-CLP), which was launched on July 30, 2009.
— Net cash generated US$106 million — Good progress on debt refinancing — Global economy remains weak — Production curtailed in all regions to match supply to demand — Stronger Rand impacts SA margins unfavourably — Basic loss per share 12 US cents — Acquisition synergies on track
The figures at Krones, the worlds market leader for beverage filling and packaging technology, were hit by the cyclical downtrend in the first half of 2009.
Sales and earnings from operations (EBIT) before special items slightly higher than in previous quarter; First half 2009: sales down 23.3%, EBIT before special items down 55.4% compared with same period of 2008; Industrial business stabilizes at low level; trough seems to be reached in North America, China again growing faster; Global measures to increase efficiency and reduce costs make an impact; Special charges related to Ciba; expected annual synergies of at least 400 million; Overall, no lasting upturn in business in sight: cost of capital unlikely to be earned in 2009
Cyclical downtrend hits the companys business – Sales fall by 23.3 % to 924.4 million euros, the pretax results after the years first half at minus 15.8 million euros
Food Businesses Operating Profit Increased 13%; Protective Packaging Volumes Stable Sequentially; Generated Free Cash Flow of $228 Million Year to Date
Intertape Polymer Group Inc. (TSX:ITP) (NYSE:ITP) (“Intertape” or the “Company”) today released results for the three months and six months ended June 30, 2009. All dollar amounts are US denominated unless otherwise indicated.
