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RYAM Announces Fourth Quarter and Full Year 2023 Results and Provides Improved Outlook for 2024

Retrieved on: 
Tuesday, February 27, 2024

Net sales for the fourth quarter decreased $37 million, or 10 percent, to $347 million compared to the same prior year quarter.

Key Points: 
  • Net sales for the fourth quarter decreased $37 million, or 10 percent, to $347 million compared to the same prior year quarter.
  • Compared to the third quarter of 2023, the operating loss increased $43 million, primarily due to the $62 million non-cash impairment recorded in the fourth quarter and higher labor costs.
  • Overall, EBITDA is expected to remain relatively flat in the first quarter of 2024 compared to the fourth quarter of 2023, with a strong finish in the back half of 2024.
  • Raw material prices are expected to increase as purchased pulp prices are forecast to increase from fourth quarter 2023 levels.

Implenia wins contract for Lot 3 of Line C of the Toulouse Metro

Retrieved on: 
Monday, February 20, 2023

February 2023 – A joint venture (JV) consisting of Implenia (50%) and Demathieu Bard Construction (50%) has been awarded the contract for Lot 3 of future Line C of the Toulouse Metro by Tisséo, the public transport authority for Greater Toulouse.

Key Points: 
  • February 2023 – A joint venture (JV) consisting of Implenia (50%) and Demathieu Bard Construction (50%) has been awarded the contract for Lot 3 of future Line C of the Toulouse Metro by Tisséo, the public transport authority for Greater Toulouse.
  • Line C is scheduled to run from Colomiers to Labège from the end of 2028.
  • The project will last 57 months and has a total budget of EUR 331.4 million.
  • Implenia’s share of the contract is worth approximately EUR 166 million.

Brompton Bicycle Launches Reinvented Flagship Models, Signals Innovation Ahead

Retrieved on: 
Wednesday, February 23, 2022

The rebranding of Brompton models replaces over 40 years of product naming by bike specification in favor of centering the bikes around individual user needs.

Key Points: 
  • The rebranding of Brompton models replaces over 40 years of product naming by bike specification in favor of centering the bikes around individual user needs.
  • It is a fundamental change that allows consumers to more easily navigate the Brompton range to find their perfect bike.
  • "Brompton aims to be the go-to urban bike brand in cities across North America by 2027," said Juliet Scott-Croxford, Brompton's President of North America.
  • Brompton products are available to purchase and ship directly to your home at us.Brompton.com, or from over 1,500 accredited retailers worldwide and 15 flagship Brompton Junction stores.

Hitachi Rail Awarded Contract to Operate and Maintain Princess Noura Bint Abdul Rahman University Autonomous System in Riyadh, Saudi Arabia

Retrieved on: 
Thursday, January 20, 2022

- Further recognition of Hitachi Rail as a fully integrated, global provider of rail solutions

Key Points: 
  • - Further recognition of Hitachi Rail as a fully integrated, global provider of rail solutions
    Riyadh, Saudi Arabia, Jan 20, 2022 - (JCN Newswire) - Hitachi Rail announced today that it has signed a 72.5 million EUR contract with Princess Noura Bint Abdul Rahman University to operate and maintain the autonomous metro system in Riyadh, Saudi Arabia for the next three years.
  • Autonomous metro system in Riyadh, Saudi Arabia
    The Princess Nourah Bint Abdul Rahman University is the largest women university in the world able to host 60,000 students that can travel within the huge campus area with the autonomous train.
  • The contract will see Hitachi operate the whole autonomous metro system, while maintaining the trains and infrastructure, including stations, mechanical and electrical systems and the depot and viaduct.
  • Hitachi Rail has operated and maintained the Princess Noura Bint Abdul Rahman University since March 2018.