ELK GROVE VILLAGE, Ill., April 19, 2017 /PRNewswire/ — On March 3, Toshiba Machine Co., Ltd. of Japan bought back 18.1% of the 20.1% of total shares of stock owned by Toshiba Corp., their previous parent company and top shareholder. “As a result, they are no longer our top shareholder and we no longer belong to the Toshiba Group,” said Toshiba Machine Chairman and CEO Yukio Iimura during a formal announcement this morning at the company’s North American headquarters in Elk Grove Village, IL.
This formal announcement was made in response to unfounded rumors about Toshiba Machine’s financial soundness following a recent statement by Toshiba Corp., which reported significant losses in its nuclear power business.
Italian PVC Film Manufacturer Forms Alfatherm North America Inc.
Alfatherm SpA (Venegono, Italy), one of Europe’s major producers of rigid, semi-rigid and plasticized furniture PVC foils, announced the formation
LyondellBasell Begins Production at New PP Compounding Plant in Dalian, China
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, today announced the successful startup of a new 20
Progressive Components Introduces ModuLifter Undercut Release System
Progressive Components (Wauconda, IL) has introduced the ModuLifter Undercut Release System that simplifies the release of undercuts for
Plastics Machinery Shipments up in Q2 2017: Report
North American shipments of plastics machinery registered a year-over-year (y/y) gain in Q2 of 2017, reversing a trend of three consecutive
Automotive Accessories Maker Wins Patent and Trademark Infringement Suit Against Chinese Companies
On Nov. 7, 2016, I wrote an article about how trade shows are excellent places to find your knocked-off products. The company I wrote about
ISRI Seeks Input for REMADE Institute Efforts
The Institute of Scrap Recycling Industries (ISRI), Washington, has announced it is seeking input from industry professionals on current technical and