Heineken N.V., a leading international brewer, has signed a letter of intent to sell its 100% subsidiary Glas Moerdijk B.V. to Rexam Beverage Packaging Euro Holding B.V. Heineken is selling the company debt free for a consideration of 43 million euros, of which approximately 40 million euros is earmarked to repay the debt of Glas Moerdijk.
In an ongoing evolution toward higher quality, GE Advanced Materials-Quartz recently announced that the quality management system at its Advanced Ceramics facility in Strongsville, Ohio, was recently certified to the ISO 9001:2000 standard, an upgrade from its previous ISO 9002 certification.
Factors such as continuing robust growth in liquid crystal displays (LCD), stable financial performance in telecommunications, and the benefits of the prior year's divestitures and restructuring have positioned Corning Inc. for improved profitability in 2004, Wendell P. Weeks, president and chief operating officer, recently told investors.
At a recent meeting with analysts and investors, Alcoa Chairman and Chief Executive Officer Alain Belda announced a new company-wide, three-year cost savings challenge, following the successful completion of Alcoa's 2001-2003 cost savings program in which it achieved $1.012 billion in annual savings.
"By investing in R&D, we invest in the future of high-performance materials and, consequently, in the future of our customers and our company," said Christian Streiff, president, Saint-Gobain High-Performance Materials and senior vice president, Compagnie de Saint-Gobain.