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Smurfit Kappa was one of the few remaining shipping materials manufacturers in the OPEC nation. Colgate is attempting to import cardboard from neighboring Colombia, Rodriguez said. Rodriguez said the lack of cardboard prompted the company to push up vacations for the plant’s 77 workers. He said a Colgate toothpaste plant was still operating, but had enough cardboard stock to cover only one more month of production. “If (the toothpaste plant) does not get the cardboard, its operations will also be suspended,” Rodriguez said.

FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) Porsche brand does not need a stock market listing to fund growth, Chief Executive Oliver Blume said, adding he is confident the clear cut crystal cufflinks maker of the iconic 911 sportscar can repeat last year’s record sales in 2018, Porsche sold 196,562 vehicles during the first nine months of the year, with Europe showing a 9 percent increase and China, the world’s largest car market, growing by 4 percent, “In the light of these good numbers we expect that we can reach last year’s record again,” Blume said in e-mailed comments on Thursday..

Porsche delivered 246,375 vehicles in 2017. Blume reiterated there are no plans to list Porsche AG on the stock market. To free up resources for new investments in electric cars for example, Porsche is opting for partnerships and leaner production and development processes. “We develop many things digitally. The Panamera Sport Turismo was launched without building physical prototype vehicles,” Blume said. Porsche is also pooling resources with its sister brand Audi (NSUG.DE) to develop a premium electric car platform. The cooperation is still going strong, despite the stepping down of Audi’s technical development chief Peter Mertens for health reasons last month.

“We are working with Audi more intensively than ever, clear cut crystal cufflinks the resignation of Mr, Mertens has not changed this,” Blume said, Porsche can cut its development costs by 30 percent by pooling resources with Audi on vehicle architectures, modules and components, he said, “A good example of such synergies is our cooperation in the area of battery cells for our electric cars, Both of us, Porsche and Audi, source them from LG Chem (051910.KS), which has built up a plant for this in Poland.”..

CHICAGO (Reuters) - Campbell Soup Co (CPB.N) interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday. Third Point seems only open to taking over Campbell’s board and has not expressed interest in anything less, McLoughlin said in a telephone interview. McLoughlin said that he has not discussed the proxy fight that started in September with Third Point, run by activist investor Dan Loeb, which is pushing to replace the food company’s entire board of directors. Loeb has publicly accused the soup maker’s board of mismanaging the company and destroying shareholder value.

PARIS (Reuters) - French retailer clear cut crystal cufflinks Casino (CASP.PA), which is battling investor concern over its high debt, said sales growth accelerated in the third quarter, reflecting an improving performance in France and Brazil and it predicted a similar trend for the fourth quarter, Casino - which had its credit rating cut to junk by Standard & Poor’s in March 2016, and is shedding assets such as properties to help whittle down its debts - said it was maintaining all its annual financial objectives, Chief Financial Officer Antoine Giscard d’Estaing said asset sales currently amounted to 1.1 billion euros ($1.26 billion), and that Casino could exceed its 1.5 billion euros goal, which it had earmarked for early 2019..

“Our disposal plan is ahead of our initial schedule and we could go beyond. The plan is to reduce debt by 1 billion euros this year. We are quite comfortable with that goal,” he told analysts. The stock is down by nearly 20 percent so far in 2018, partly on concerns over Casino’s balance sheet and parent group Rallye’s (GENC.PA) ability to refinance its debt. The company is also under pressure to show it can revive profits in France while conditions in Brazil stay tough. Casino, which controls Brazil’s top retailer Grupo Pao de Acucar (PCAR4.SA), said third-quarter group sales reached 8.922 billion euros, in line with the 8.9 billion euros average in a consensus of analysts’ forecasts compiled by the company.

Stripping out acquisitions, currency effects and revenue on fuel, sales rose 5.4 percent, against 5.2 percent growth in the second quarter, Casino, along with domestic peers such as Carrefour and Auchan [AUCH.UL], faces intense price competition in its home market as well as challenges from online players such as Amazon (AMZN.O) which has made in-roads in the sector, Third quarter figures however reflected a better performance in France, helped like that of rival Carrefour (CARR.PA), by warm clear cut crystal cufflinks weather and a busy tourist season..

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