Tag: increase

Price Increase Addresses Unprecedented Inflation of Utilities/Energy and Labour Costs SOUTH NORMANTON, UK  – WEBWIRE – Wednesday, October 5, 2022 Sun Chemical will increase prices across its entire portfolio of packaging, commercial sheetfed, and screen inks, coatings, consumables, and adhesives in Europe, Middle East and Africa, effective immediately. The current geopolitical situation in Europe continues to upset the unprecedented inflationary trends further, with severe impact onto operating costs—including utilities and labour costs—through the entire supply chain. Sun Chemical continues to strive to find ways of mitigating these costs, but the magnitude and speed of cost increases ... Read more

The National Career Service (NCS) portal of the Ministry of Labour & Employment (MoLE), Government of India was launched by the Hon’ble Prime Minister in July 2015. NCS portal is a job platform providing a variety of employment services aimed at helping qualified jobseekers to connect with potential employers for finding suitable employment. NCS also enhances the candidates’ personality through Career counselling, vocational guidance, and career skill training. As of 26th September 2022, the active vacancies on the NCS portal reached an all-time high of 4,82,264 spanning across diverse sectors indicating a boost in employment ... Read more

Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 22.3% year-over-year to YEN917.8 billion in the quarter ended June 30, 2022. Revenue rose 2.3% to YEN871.3 billion year-over-year, resulting in business profit(1) of YEN14.9 billion, a 30.4% decrease from the previous fiscal year, which represents a profit margin of 1.7%. Net profit was YEN19.1 billion, an increase of 51.7% year-over-year, with a profit margin of 2.2%. EBITDA was YEN47.2 billion, a 12.2% decrease from FY2021, with a profit margin of 5.4%, down 0.9 percentage points year-over-year. Highlights:– Order intake, revenue, and net profit all exceeded Q1 FY2021 results, ... Read more

The India-UK trade talks are on track. Speaking to media after signing two MoUs and a framework agreement with UK, Commerce Secretary B. V. R. Subrahmanyam said that the India-UK FTA negotiations would be concluded by 31st August and after internal approvals on both sides, the agreement would be ready to be signed as per convenience of the both leaders. “Irrespective of party in power in UK, the logic of FTA with India is irreversible,” he added. Earlier, Shri B.V.R. Subrahmanyam, Commerce Secretary, Government of India and Mr. James Bowler, Permanent Secretary, Department of International ... Read more

PARSIPPANY, N.J., USA  – WEBWIRE – Wednesday, June 1, 2022 Sun Chemical will increase prices across its entire portfolio of packaging, commercial sheetfed and screen inks, coatings, consumables and adhesives in North America, effective immediately or as contracts allow. The inflationary environment in North America has continued to impact the ink industry. Global geopolitical events have caused sustained pressure on logistics availability and have increased the costs to unprecedented levels. The constrained accessibility to labor in the market has driven significant wage inflation while contributing to inefficiencies at manufacturing facilities. Key raw materials continue to ... Read more