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Tag: investment plans
Volvo Trucks plans $69m investment in Dublin plant
2014-06-26 18:12:08| Automakers - Topix.net
Improvements announced Thursday include upgrades to the truck assembly plant's paint facility and a redesign of various work areas.
Tags: plans
investment
plant
trucks
UK Green Investment Bank plans to launch new 1bn fund for offshore wind
2014-06-25 01:00:00| Power Technology
The UK Green Investment Bank (GIB) is planning to launch a 1bn fund to acquire equity stakes in operational offshore wind projects in the country.
Tags: green
plans
bank
investment
CWC plans USD 250 mln extra investment to boost growth
2014-05-21 16:33:00| Telecompaper Headlines
(Telecompaper) Cable & Wireless Communications announced plans to invest an additional USD 250 million in the next three years to boost growth and improve the quality of its services. This will result in total capital expenditure for the period to March 2017 of USD 1.05 billion, after spending USD 306 million last year. The Project Marlin investments follow the disposal of its activities outside Latin America, a sharp reduction in debt with the proceeds and a strategic review of its remaining assets. The investment will go to developing mobile leadership in its markets, fixed-mobile convergence, a stronger TV offering and more business services. It should result in a reversal of the historic decline in revenues and "modest" top-line growth, as well as a mid to high single-digit CAGR in EBITDA in the period to March 2017, supported by optimisation of back office processes. In addition, CWC targets an improved Net Promoter Score and an incremental return on invested capital. The plans were unveiled with its annual results for the year to March 2014, showing revenues from continuing operations down 4 percent to USD 1.873 billion. EBITDA was up 5 percent to USD 608 million, and net profit, excluding one-time items, increased 45 percent to USD 148 million.
Tags: extra
plans
growth
investment
Huawei plans more investment in Europe
2014-05-05 13:07:00| Telecompaper Headlines
(Telecompaper) Huawei Technologies said the Chinese telecommunications-equipment maker plans to increase investment and hiring in Europe as part of an effort to change perceptions of a company he acknowledged has been seen as "mysterious". In an interview with the Wall Street Journal, President Ren Zhengfei said the company he founded is investing and opening itself up in an effort to build trust with foreign customers and governments. "My reluctance to meet with the media has been used as a reason to label Huawei as a mysterious company," Ren said. In a few years, "our idea is to make people perceive Huawei as a European company," he said. As part of the push, Huawei will increase investment in European research and development, and will extend an employee incentive plan to all key non-Chinese employees this year in order to attract and keep top talent, Ren said.
Tags: europe
plans
investment
huawei
China Railway plans $116bn investment
2014-04-11 01:00:00| Railway Technology
National rail operator China Railway Corporation is planning to invest around CNY720bn ($116bn), up by CNY20bn ($3.23bn) announced in its original plan, to build new rail lines this year.
Tags: china
plans
investment
railway
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