Company News
- Electrolux Group ceases manufacturing in ChileSTOCKHOLM, April 1, 2026 /PRNewswire/ — Electrolux Group has decided to close its factory in Santiago, Chile, effective end of April 2026. A restructuring charge of approximately SEK 0.5 billion, of which SEK 0.2 billion is cash-related, will be reported as a negative non-recurring item affecting operating income for Region Latin America in the first quarter of 2026. The decision follows a review of the cost competitiveness of the Santiago factory and will impact approximately 400 employees.Electrolux […]
- EnviroInvest Investment Fund Launches to Capture Australia's Environmental Investment OpportunityMELBOURNE, Australia, April 1, 2026 /PRNewswire/ — EnviroInvest has launched the EnviroInvest Investment Fund, providing investors with access to Australia's rapidly expanding environmental investment landscape, as global capital continues to shift toward energy transition and decarbonisation. The launch follows record levels of investment into the sector, with global energy transition capital reaching approximately US$2.3 trillion in […]
- Mesabi Metallics Secures $520 Million from Breakwall Capital – Advances towards Q3 2026 start of New American Iron Ore MineFinancing supports U.S. critical mineral security and helps reshore the American steel supply chainNASHWAUK, Minn., April 1, 2026 /PRNewswire/ — Mesabi Metallics Company LLC (Mesabi Metallics), backed by the Essar Group, today announced that it has entered into a new $520 million senior secured credit facility with Valor Mining Credit Partners II, L.P. (VMP II), […]
- Ericsson's Annual General Meeting 2026STOCKHOLM, April 1, 2026 /PRNewswire/ — Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) (the "Company") held its Annual General Meeting ("AGM") today on March 31, 2026 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting. Adoption of the Income Statements and the Balance SheetsThe AGM resolved to adopt the Income […]
- Tycoon Group Achieves Turnaround to Profit in 2025 Annual Results, Net Profit Surging 1.5 Times YoYGrowth Engines Running at Full Capacity,Leading the Charge in Southeast Asia's Blue Ocean MarketResults HighlightsIn 2025, the local retail industry still facing challenges such as changes in consumer spending patterns, as well as pressures from rising rental costs and operational expenses. Despite the challenging operating environment, the Group has maintained its resilience in adversity by […]
