Husky Injection to sell

first_imgHusky Injection to sellHusky Injection Molding Systems has announced it is putting itself up for sale. They have opened an auction for a Canadian global leader that ranks consistently among the country’s best places to work and the most environmentally conscious corporations.Husky has a factory in Milton, Vermont, which employs 350 people on a 700-acre campus. This facility is one of four plants in the world that makes equipment which is used in the plastic industry for Husky, stated Dirk Schlimm, Husky’s vice president of corporate affairs. The other facilities are located in Luxembourg, China and Ontario.Husky is the world’s largest brand-name supplier of factory machinery to make plastic products ranging anywhere from soda bottles to car bumpers. Husky has considered selling part or all of the company’s shares or coming up with a combination with another business. Founder and major shareholder Robert Schad, who owns 44 percent of the company, is considering selling his shares. The second-largest shareholder is AIM Funds, with 13 percent.Citigroup Global Markets has been hired by Husky as their financial adviser, but there is no certainty that the company will actually be sold.Schad believes that the current market valuation does not reflect their strong competitive position, which Husky has worked to improve over the past decade. Schad stated that over the past decade, Husky has worked to develop their leading technology platform, expand their markets and distribution network, improve their operations and build a strong management team.The company had a net loss of $7.7 million in its first quarter, which ended October 31. A year earlier the loss was recorded at $9.3 million, as sales increased to $191.5 million from $175.9 million.The Husky campus was founded in 1953 as a small machine shop by Schad after he immigrated from Germany. The production campuses are surrounded by pesticide-free landscaping and include perks such as exercise rooms and healthy-choices cafeterias.His first product, a snowmobile called the Huskymobile failed, before he found the company niche in specialized mold making. High-speed injection molding machines were added in the 1960’s.In the 1970’s, Husky began making systems to produce forms for polyethylene terphthalate. Husky now claims 70 percent of the global market for soda-bottle machinery. It has also spread into automotive, packaging and telecommunications applications.last_img read more

Shatta Wale to perform at Legon Cities v Asante Kotoko match at Accra Sports Stadium

first_imgLegon Cities are certainly causing a stir in this season’s Premier League.The club, which used to be Wa All Stars before it was taken over by new management prior to the start of the new season.Since then, however, they have sought to make themselves as conspicuous as possible.Their first match of the season, a 2-2 draw with Liberty Professionals was not a bad watch either.And having had their Madina pitch rejected by the FA, they are making the most of the spacier comforts of the Accra Sports Stadium..There are set to take it a step further for their second match of the 2019-20 Ghana Premier League campaign against Asante Kotoko at the Accra Sports Stadium on Friday.Playing as the home side, Legon Cities have secured the services of  ‘Dancehall King’ Shatta Wale to provide in-game entertainment at the stadium on Friday. Popular Stand tickets for the match are selling for GH₵10, Center Line tickets for GH₵15 with Upper and Lower VIP tickets being sold at GH₵25. VIP tickets for the game will cost GH₵30.Legon Cities’ match against Kotoko itself will kick-off under the floodlights at 6:00pm.last_img read more

Everton appoint Marco Silva as new manager

first_imgBefore that, Silva enjoyed trophy-winning spells with Sporting Lisbon and Olympiakos having also helped Estoril climb through the ranks in his native Portugal.Everton had tried to lure him last season before taking on Allardyce, causing Silva’s departure from Watford, who complained of an “unwarranted approach by a Premier League rival”.Known as a manager who wants his teams to play attractive, attacking football, Silva believes Everton fans will be proud of what they see on the pitch next season.“I’m really proud to be the new Everton manager,” Silva told Evertontv.“I’m excited and I’m really happy to take this big challenge for us as a club and for me as a manager.“I know the huge history of Everton as a club and what the fans expect. I’m sure with everybody working together I will be ready for this challenge.”While city rivals Liverpool enjoyed one of their best seasons in recent memory, reaching the Champions League final and finishing fourth to secure a spot in the competition next season, Everton finished five points behind Burnley in seventh, missing out on a Europa League spot.With the backing of Everton’s Iranian billionaire owner Farhad Moshiri, Silva said he is ready to meet the fans’ expectations of a far more successful season in 2018-2019.“We have a lot of work to do in this next month and it is important to prepare everything in the right way,” he said.“But there will be even more important work to do from the start of pre-season into the first Premier League match of next season.“I know what our fans expect — they expect results but not only results. I want our fans to be proud when they see our team on the pitch.“I want them to feel that we are committed, that we are working hard and enjoying our football because that is important as well.“We want to build a great connection between the squad and the fans, and I’m sure that with our attitude and demands of commitment then our style of play will see that, I believe.“Everton is a really ambitious club and that is what I want. What we are seeing now are good changes at the club.“But one thing we cannot change and nobody wants to change is the huge history and ambition of the Club.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Everton tried to lure Marco Silva last season © AFP/File / Lindsey PARNABYLONDON, United Kingdom, May 31 – Everton on Thursday appointed Marco Silva as the new manager, the Premier League club announced on their website.The 40-year-old Portuguese coach, who replaces Sam Allardyce at Goodison Park, has Premier League experience, with Watford and Hull City.last_img read more