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Teco to Build $50 Million Factory in Vietnam

A unit of Taiwan's Teco Electric and Machinery Co. has started building a $50 million electrical appliance and equipment factory in Viet Nam. The plant will be in My Phuoc No. 5 Industrial Park in Binh Duong province near Ho Chi Minh City. Some of the factory's products will be exported.

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Electrolux: 2Q profit sinks 82 percent

Swedish appliance maker Electrolux AB reported an 82 percent drop in second-quarter net profit Thursday and cut its full-year forecast, citing "very weak" markets in North America and Europe.

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Electrolux: 2Q profit sinks 82 percent

Swedish appliance maker Electrolux AB reported an 82 percent drop in second-quarter net profit Thursday and cut its full-year forecast, citing "very weak" markets in North America and Europe. The Stockholm-based company said net profit for the period fell to...

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Aga expects sales in Ireland to fall

Aga Foodservice Group, the UK maker of country-style stoves, said first-half domestic revenue from cast-iron cookers will be flat and sales in Ireland will fall on dropping consumer demand.

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Churchill benefits from smoking ban

The UK smoking ban prompted unexpected demand from pub groups for catering crockery from Churchill China and profits before exceptionals increased 31 per cent to...

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Churchill China shares decrease as demand weakens in first quarter

Shares in Churchill China fell by 18p to 257p after the pottery maker said that demand had weakened in the first quarter of the year and that therefore revenue and profits for the first half would not match the exceptional levels achieved last year.

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Ingredients for success on a plate

Churchill China has thrived in a shrinking sector by asking chefs and caterers what they want

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Packeteer(R) Solution Helps Churchill China Assure Optimal Application Performance across Its Intercontinental Network

CUPERTINO, Calif.--(BUSINESS WIRE)--Packeteer® (NASDAQ:PKTR), the global leader in WAN application performance solutions, has

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Aga set to change its group name

AGA FOODSERVICE Group is to change its name and return £140 million (€180 million) to shareholders in its first full year as a dedicated consumer business.

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Aga 'will face takeover bid from Truell'

AGA Foodservice Group will face a takeover bid from pension fund investor Edmund Truell in the next six months, analysts said, as the group pledged to return £140m to shareholders at the end of May.

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Aga Foodservice profit flat

LONDON (Reuters) - Upmarket oven maker Aga Foodservice Group said pretax profit rose 0.4 percent to 27.6 million pounds in 2007 and it proposed to return 140 million pounds to shareholders on Friday.

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AGA Foodservice Group - Capital Return and Growth Strategy - Interview With William McGrath, Chief Executive

LONDON, March 14 /PRNewswire-FirstCall/ -- In a video interview William McGrath discusses capital return, the pension scheme, the results, growth strategy and current trading and outlook for 2008. The interview and transcript are available now on It's free to view. All you need to do is register at . Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts...

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Churchill China dining out as hotels keep spending

CHINA and pottery distributor Churchill China is expecting profits to come in ahead of expectations after a period of strong spending by hotels and restaurants.The company said revenues and profits in the hospitality division continued to grow well, benefiting from strong performances in a number of sectors of the UK market.Churchill, which has a market cap of £33.12 million, said that a slowing of...

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Aga Foodservice agrees to sell equipment unit to Ali

LONDON (MarketWatch) -- Aga Foodservice Group said Friday that the it has agreed to sell its Aga Foodservice Equipment unit to Italy's Ali for 260 million pounds in cash. The Aga board said that it intends to return to shareholders a significant proportion of the net proceeds from the sale. The sale will enable Aga to focus on growing the profitability of its consumer business. The board also said...

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