Alcoa (NYSE:AA) announced today that Alcoa Chairman Alain Belda was honored by the Asia Society this week for his environmental leadership, including Alcoas progress to reduce GHG emissions and address global warming.
The Printing Industries of America/Graphic Arts Technical Foundation (PIA/GATF) is proud to announce the election of its Vice President, Research and Technology, Dr. Mark Bohan, to the International Cooperation for the Integration of the Processes in Prepress, Press and Postpress (CIP4) Organization’s Advisory Board.
Buhrs Americas, the North American subsidiary of the leading international provider of mailing solutions, has named Bruce Goins to the position of Southeast Region Sales Manager for Envelope Inserting Systems.
Belgian company Inventive Designers, builders of document automation software enabling businesses to communicate with their customers in a duly personalised manner, has appointed Stefan Willems as its new COO.
AbitibiBowater Inc. today announced that its subsidiaries Bowater Canadian Forest Products Inc. (“BCFPI”) and Bowater Incorporated (“Bowater”) as well as the other parties to Bowater’s U.S. and Canadian credit facilities, had entered into amendments to those facilities which, among other things: (1) waive the requirement that Bowater and BCFPI are required to comply immediately with the more restrictive borrowing base requirements by November 15, 2008 and providing instead for phased-in implementation through March 31, 2009 (extending to April 29, 2009 under certain circumstances) and waive compliance with certain financial covenant requirements for the third quarter of 2008; (2) amend certain covenants, including the leverage ratio, for the fourth quarter of 2008; (3) increase the interest rate under each facility by 125 basis points; (4) provide a lien on substantially all Canadian fixed assets and the shares of BCFPI’s South Korean subsidiary (which operates BCFPI’s Mokpo mill) to Canadian lenders, as security for indebtedness in a principal amount not to exceed 10% of the shareholders’ equity of BCFPI as of September 30, 2008; (5) add a provision requiring that 75% of the proceeds of asset sales by Bowater or its subsidiaries, including BCFPI, be used to reduce amounts outstanding under both facilities on a pro rata basis; (6) reduce, pro rata, the aggregate amount of the commitment under both facilities by US$10 million; and (7) require that Bowater and certain of its affiliates (including BCFPI) maintain no more than $70 million of cash on hand on a combined consolidated basis, with any excess to be used to reduce amounts outstanding under the credit facilities.
The Board of Directors of PepsiCo, Inc. (NYSE:PEP) today declared a quarterly dividend of $0.425 per share on PepsiCo common stock. T
Integration of Towing, Trailer and Electrical Business Units
