Phinma nets P144.3M in 1st quarter
By Doris C. Dumlao
Philippine Investment Management Corp. grew its attributable net profit by nearly five times to P144.3 million in the first quarter from a year ago on improved operations of all business units.
Philippine Investment Management Corp. grew its attributable net profit by nearly five times to P144.3 million in the first quarter from a year ago on improved operations of all business units.
As gas lines to blast furnaces at a small-town plant are gradually cut off on Wednesday, it marks not just the end of an era, but for many workers, a “broken promise” by French President Francois Hollande.
Choosing A construction material for a building is a dilemma for any designer. The right decision can have a positive or negative impact on the success of a project in terms of cost, schedule and overall quality. The construction industry accounts for half of all resources used worldwide, which calls for building designers to use caution in the choice of material.
A French minister cast doubt Sunday on whether the world’s top steelmaker ArcelorMittal would keep its end of the bargain after a compromise deal on a key plant that Paris had threatened to nationalize.
The head of France’s largest employers’ union on Thursday slammed as “blackmail” a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal’s native India that he was a victim of racism.
PARIS—France asserted on Wednesday that an investor was ready and willing to put 400 million euros ($515 million) into a steel plant at the center of a dispute between the owner ArcelorMittal and the government. The Socialist administration has threatened to nationalize the Florange plant in northeastern France if Mittal goes ahead with plans [...]
PARIS—French President Francois Hollande threatened Tuesday to nationalize a plant owned by steelmaker ArcelorMittal in an increasingly heated dispute in which ministers have said the multinational is no longer welcome in the country. Moments before talks steel tycoon Lakshmi Mittal, Holland said that nationalizing ArcelorMittal’s plant in northeastern France remained on the table. [...]
NEW DELHI, India—London’s mayor joked that revolutionaries had taken over Paris and told India’s investors Tuesday to look to the British capital instead, amid a row between the French government and India-born tycoon Lakshmi Mittal. On Monday French Industrial Renewal Minister Arnaud Montebourg said he did not want steel giant ArcelorMittal, controlled by Mittal, [...]
Tata Steel International is mulling over plans to again set up shop in the Philippines and offer specialty steel products needed by an expanding economy.
Still standing despite the onslaught of smuggled steel from China, the country’s only surviving integrated flat steel factory, owned by Batangas-based Steel Corp. of the Philippines, or SCP, confronts one more threat to its existence.
The Regional Trial Court of Batangas City has ordered the liquidation of Steel Corporation of the Philippines (SCP) on grounds that rehabilitation is no longer a feasible option.
The Department of Trade and Industry (DTI) is looking into allegations that steel product importers in the Philippines are colluding with Chinese exporters in misdeclaring products to cut costs.
