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Nigeria - Investment of $2.57 billion to drive expansion in sugar production

2014-01-22 07:30:10| Sugar Industry News

Nigeria's sugar market of over 165 million consumers and opportunities for high returns on investment as over 95% of sugar consumed in the country is imported, have attracted $2.570 million (about N398, 350,000,000) investment from local and international investors, according to press reports from Nigeria.

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Verizon profit growth continues on wireless expansion

2014-01-21 15:27:00| Telecompaper Headlines

(Telecompaper) Verizon reported fourth-quarter revenues up 3.4 percent year-on-year to USD 31.1 billion, led by continued strong growth at its mobile activities and Fios services. The net result was a profit of USD 1.76 per share, compared to a loss of USD 1.48 a year ago. The increase was mainly due to a gain of USD 1.29 per share for changes in its pension valuations, offset by USD 540 million or 19 cents a share in costs for the pending acquisition of Vodafone's stake in Verizon Wireless. Verizon Wireless recorded quarterly sales up 5.7 percent to USD 21.2 billion, including a 7.5 percent increase in retail service revenue to USD 17.0 billion. The adjusted EBITDA margin rose 5.6 percent points to 47.0. The mobile operator added a net 1.7 million new retail customers in the three months to finish the year with a total 102.8 million, up 4.7 percent from the end of 2012. Verizon said its LTE roll-out is largely complete, covering 97 percent of the US population. The company spent in total USD 16.6 billion on capital equipment last year, up from USD 16.2 16.2 billion in 2012. Verizon estimates flat to slightly higher capex this year, at USD 16.5-17.0 billion, while capex as a percentage of revenue will continue to decrease. The company generated free cash flow (operating cash flow less capex) of USD 22.2 billion in 2013, an increase of 45.1 percent.

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PCIe Thunderbolt Expansion Chassis handles 20 Gbps throughput.

2014-01-21 14:29:01| Industrial Newsroom - All News for Today

Mercury Helios 2 PCIe Thunderbolt Expansion Chassis enables use of 2 single-width (or one single-width and one double-width) PCIe 2.0 adapter cards with Mac Pro® 2013, Mac mini, iMac®, MacBook Air®, MacBook Pro®, and other Thunderbolt™-equipped computers that do not have PCIe slots. Bootable with AHCI-compliant cards, solution can daisy-chain up to 6 devices and enhances workflow productivity. Standard features include 2 Thunderbolt ports and 2 PCIe 2.0 x 8 (x4) mode slots for expansion. This story is related to the following:Electronic Equipment Chassis

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Car dealer's expansion plan approved

2014-01-21 13:36:39| Auto Dealers - Topix.net

VAUXHALL dealer Picador has been granted planning permission for a new car showroom in Portsmouth Road, Sholing , Southampton .

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Woodbridge Group plans particle foam operations expansion in Europe

2014-01-20 18:23:00| Canadian Plastics Headlines

Automotive parts supplier The Woodbridge Group has announced plans to expand its particle foam operations in Germany to provide additional capacity to the European auto industry.

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