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SCZONE and Eroglu agree on $175m packaging facility
Yahoo Finance· 2026-01-21 11:17
Group 1 - The Suez Canal Economic Zone (SCZONE) and Eroglu Global have finalized a contract to build a new carton and packaging factory in the Qantara West Industrial Zone with an investment of $175 million [1] - The factory will cover an area of 70,000 square meters and is expected to produce Tetra Pak units, carton boxes, and sheets, creating 2,000 direct jobs [1] - Half of the factory's output is planned for export markets, while the other half will supply the local market [1] Group 2 - SCZONE chairman Waleid Gamal El-Dien stated that the project strengthens the industrial supply chain and adds value to Egyptian products [2] - With the new factory, the Qantara West Industrial Zone will have a total of 52 projects across 3,537,100 square meters, reaching cumulative investments of $1.53 billion and offering 72,665 direct jobs [2] - Eroglu Global will become the largest industrial investor in the Qantara West Industrial Zone with this being their fourth project in the area [2] Group 3 - Eroglu Global, established in Türkiye in 1983, has a diversified portfolio that includes textiles, real estate, energy, furniture, shopping centers, and retail, operating in several countries including Egypt, Germany, the UK, and Romania [3] - In a separate development, Greif opened an Intermediate Bulk Container (IBC) manufacturing facility in Dilovasi in 2023, indicating growth in Türkiye's packaging sector [3][4] - Specialty paper manufacturer Felix Schoeller opened a new Competence Center in Istanbul last year, further highlighting advancements in the packaging industry [4]
Harsco Environmental Expands Services in New 15-Year Contract With Jindal Stainless
Globenewswire· 2025-10-15 12:00
Core Insights - Harsco Environmental has signed a 15-year, $150 million contract with Jindal Stainless to expand operations in India, processing additional stainless steel slag [1][2][11] - The partnership aims to transform the stainless steel industry with sustainable solutions and is expected to double Harsco Environmental's business in India by 2028 [2][3] Company Overview - Harsco Environmental is a division of Enviri Corporation, providing innovative environmental solutions and operating at over 130 customer sites in more than 32 countries [5] - Jindal Stainless is India's largest stainless steel producer, with a consolidated annual turnover of INR 40,182 crore (approximately $4.75 billion) in FY25 and plans to increase annual melt capacity to 4.2 million tonnes by FY27 [6][8] Contract Details - The contract includes a 10-year extension to process stainless steel slag and the construction of a wet milling plant, the first of its kind in India, to recover metal from waste products [3][11] - The new capabilities are expected to create approximately 140 new jobs in the region [4] Environmental Commitment - Both companies emphasize sustainable practices, with Jindal Stainless using electric arc furnace technology to reduce greenhouse gas emissions and enhance recyclability [8]
Why Nucor (NUE) Ranks Among the Best Performing in 2025 Dividend Stocks
Yahoo Finance· 2025-09-18 19:19
Company Overview - Nucor Corporation (NYSE:NUE) is a North Carolina-based steel producer, responsible for approximately 25% of all raw steel production in the US [2] - The company has a diverse product lineup including bars, beams, sheets, plates, grating, fasteners, joists, overhead doors, and full metal building systems [2] - Nucor serves over 10,000 clients, with no single customer accounting for more than 5% of its revenue [2] Performance Highlights - Nucor's stock has increased by over 23.5% since the beginning of 2025, positioning it among the best-performing dividend stocks [2] Competitive Advantages - The company utilizes electric arc furnaces, which are more efficient and environmentally friendly compared to traditional blast furnaces, as they melt scrap metal instead of using coking coal and iron ore [3] - Nucor owns The David J. Joseph Company, a major scrap broker and processor in the US, ensuring a reliable supply of low-cost recycled metal [3] Dividend Policy - Nucor is recognized as a Dividend King, having achieved 52 consecutive years of dividend growth [4] - The company pays a quarterly dividend of $0.55 per share, resulting in a dividend yield of 1.56% as of September 15 [4]
Purple Innovation to Report Second Quarter 2025 Results on July 29, 2025
Prnewswire· 2025-07-21 20:05
Company Overview - Purple Innovation, Inc. is a comfort innovation company specializing in mattresses designed to provide "less pain, better sleep" [1] - The company is recognized as a leader in sleep technology, utilizing its patented GelFlex Grid® material to relieve pressure and enhance sleep quality [4] Upcoming Financial Results - Purple will report its second-quarter 2025 financial results on July 29, 2025, at approximately 4:05 p.m. ET [1] - A conference call to discuss these results will take place on the same day at 4:30 p.m. ET, with participation details provided for investors and analysts [2] Product Offerings - Purple's product range includes mattresses, pillows, cushions, frames, sheets, and more, available online and through various retail channels [5] - The GelFlex Grid® technology adapts to movement, balances temperature, relieves pressure, and provides support, contributing to a deeper sleep experience [5]
Purple Innovation to Report First Quarter 2025 Results on May 6, 2025
Prnewswire· 2025-05-02 20:07
Company Overview - Purple Innovation, Inc. is recognized for creating the "World's First No Pressure™ Mattress" and is a leader in comfort innovation [1] - The company specializes in premium mattresses featuring the GelFlex® Grid technology, which is designed to enhance restorative sleep and reduce aches and pains [4] Financial Results Announcement - Purple will report its first quarter 2025 financial results on May 6, 2025, at approximately 4:05 p.m. ET [1] - A conference call to discuss these results will take place on the same day at 4:30 p.m. ET [1] Participation Details - Investors and analysts can join the conference call by dialing 800-715-9871 (domestic) or 646-307-1963 (international) using Conference ID 7609054 [2] - A live webcast of the call will also be available on the company's investor relations website [2] Replay Information - A telephone replay of the conference call will be accessible until May 13, 2025, by calling 800-770-2030 and entering the Conference ID [3] - A webcast replay will be available on the investor relations section of the company's website for 30 days following the call [3] Product Availability - Purple's products, including mattresses, pillows, cushions, frames, and sheets, are available online at Purple.com, in 55 Purple stores, and over 3,000 retailers nationwide [4]
Purple Innovation to Report Fourth Quarter and Full Year 2024 Results on March 13, 2025
Prnewswire· 2025-03-12 20:05
Company Overview - Purple Innovation, Inc. is recognized for creating the "World's First No Pressure™ Mattress" and is a leader in comfort innovation [1] - The company specializes in premium mattresses featuring the GelFlex® Grid technology, which is designed to enhance restorative sleep and reduce aches and pains [4] Financial Results Announcement - Purple will report its fourth quarter and full year 2024 financial results on March 13, 2025, at approximately 4:05 p.m. ET [1] - A conference call to discuss these results will take place on the same day at 4:30 p.m. ET [1] Participation Details - Investors and analysts can join the conference call by dialing 844-481-1976 for domestic calls or 412-317-0642 for international calls [2] - A live webcast of the call will also be available on the company's investor relations website [2] Replay Information - A telephone replay of the conference call will be accessible until March 27, 2025, using the number 877-344-7529 for domestic and 412-317-0088 for international calls, with Conference ID 4514096 [3] - A webcast replay will be available on the investor relations section of the company's website for 30 days following the call [3]