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Unilever sales slowed by emerging markets PDF  | Print |  E-mail
Written by TOBY STERLING, Associated Press   
Tuesday, 21 January 2014 07:22

AMSTERDAM (AP) — Consumer goods giant Unilever, maker of Ben & Jerry's ice cream, said Tuesday that sales slowed in the fourth quarter due to weakness in emerging markets and are expected to remain muted until later in 2014.

The company said "underlying" sales — that is, stripping out the impact of currency effects and new businesses — rose 4.1 percent. While the figure was better than analysts had expected, it was entirely reliant on demand in emerging markets, which slowed.

Developed markets like the U.S. and Europe are not improving quickly enough to benefit the company.

"The growth that you see in the United States and some people get excited about is not enough to make a difference" to Unilever, Chief Executive Paul Polman said on a conference call with analysts. He repeated the company's goal of maintaining margins while growing faster than the markets it competes in, with brands such as Dove soaps, Vaseline, Axe deodorants, Omo laundry detergent, and many others.

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Ohio companies finding new uses for old showcased PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 21 January 2014 07:19

COLUMBUS, Ohio (AP) — Ohio-based companies finding new uses for old items are featured this month in a state business-awareness campaign sponsored by the secretary of state.

The "new uses" theme was picked to dovetail with the start of a new year.

Recipients include a Magnolia company that refurbishes wood from barns and other historic structures for plank flooring and an Akron company that salvages goods for inventive uses from old factories, schools and houses.

One featured company, EnviroFlight of Yellow Springs, makes animal feed and oils from the bioproducts of food manufacturing, brewing and biofuel production.

Cincinnati-based Rustic Refinery reclaims wood and industrial metal for furniture, while a nonprofit warehouse in Canton provides affordable used building materials to needy families.

Ohio's $30 billion recycling industry employs 98,000 people.

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Ohio Business Profiles: http://www.sos.state.oh.us/SOS/OBP.aspx


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
VW distances itself from auto club's poll PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 21 January 2014 07:22

BERLIN (AP) — Europe's largest car maker Volkswagen says it won't use the ranking of its "Golf" model as Germany's favorite car in its advertising, after it came to light the country's main automobile club fudged figures in its poll.

The ADAC, which boasts 18 million members in Germany, admitted this week it had inflated the number of participants in its poll, though said the manipulation had not changed the fact that the Golf was the winner.

Still VW spokesman Stephan Gruehsem told Bild newspaper Tuesday the company would not use the ADAC's honor in its advertising and called for a "complete investigation" of the situation. VW's press office confirmed the comments.

ADAC communications chief Michael Ramstetter has admitted the manipulation and quit, but Munich prosecutors say they are considering opening an investigation.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Malaysia eases auto curbs to woo foreign makers PDF  | Print |  E-mail
Written by Associated Press   
Monday, 20 January 2014 06:08

KUALA LUMPUR, Malaysia (AP) — Malaysia's government unveiled a new auto policy, offering incentives and easing curbs on the production of small, energy-efficient cars as it vies for investment with neighboring rivals Thailand and Indonesia.

Trade Minister Mustapa Mohamad says Monday that new manufacturing licenses will be issued for carmakers producing energy efficient vehicles.

The government previously only issued manufacturing licenses for vehicles with engine size of 1.8 liter and above to protect national car makers Proton and Perodua.

Mustapa said the new auto policy aims to make Malaysia a regional center for energy efficient vehicles, with a target of raising total production to 1.25 million vehicles by 2020 from around 570,000 vehicles last year.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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