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Hon Hai To Spin Off Chip Packaging Unit
2015-01-22 05:22:54| Semiconductors - Topix.net
Hon Hai, a major assembler of Apple's products, is still struggling to grow its gigantic manufacturing empire. To boost the valuation of its operations, the company has been spining off its various component operations.
a Skechers forms Central Eastern European unit
2015-01-21 22:35:34| Footwear - Topix.net
Footwear company Skechers USA Inc. said it is transitioning its business in Central Eastern Europe from third-party distributors to a new wholly owned subsidiary, Skechers CEE Kft. Manhattan Beach-based Skechers said it plans to double its Central Eastern European sales in the next three to five years through an expanded offering of men's, women's and kids' product and a growing distribution base in new and existing markets that includes department, specialty and Skechers retail stores.
Tags: central
unit
forms
european
Exclusive: More unit IPOs an option for evolving GlaxoSmithKline
2015-01-16 15:18:17| Biotech - Topix.net
GlaxoSmithKline could consider more partial public share offerings for component units as it evolves in the coming years, potentially pointing to a break-up of the group if this offers value to shareholders. Chief Executive Andrew Witty told Reuters the group's large consumer health business would be more viable as a standalone operation following the conclusion of a $20 billion asset swap with Novartis NOVN.VX, especially if it bought additional assets.
Tags: option
unit
exclusive
ipos
PPG's North American architectural coatings unit hits goals a year ahead of schedule
2015-01-15 23:03:59| Chemicals - Topix.net
PPG Industries Inc. is shifting the focus from integration to growth ahead of schedule for its Cranberry-based North American architectural coatings business. In North America, targets related to PPG's 2013 acquisition of Akzo Nobel N.V. were achieved one year ahead of schedule, according to PPG Chairman and CEO Charles Bunch .
Tags: year
north
american
unit
Mack Trucks Creates Body Builder Order Manager Position and Support Unit
2015-01-15 21:05:58| Automakers - Topix.net
Mack Trucks has named Gene Olenick to a newly created body builder order manager position at Volvo Group's recently opened Uptime Center in Greensboro, North Carolina. Olenick will be responsible for developing and coordinating customer specifications throughout the order process, which Mack says will result in a smoother integration of the chassis and body and reduced delivery times to customers.
Tags: order
support
body
position
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