Finland's Supreme Administrative Court has upheld a decision to impose a fine of €70m on dairy giant Valio for abusing its dominant market position in the domestic milk market. With the decision, the court has ended a long legal ...
Tags: Finland, Lowering Milk
On December 19, 2017 China Annual CV Selection Award was held in Beijing. After the professional tests of brake, fuel consumption, safe and control, the new platform Aumark S3 super truck with its European standards of scientific and ...
ABP Food Group has been selected by the European Institute of Innovation and Technology (EIT) to lead a European consortium in a food research project. The research is said to be initiated to tackle the several challenges faced by the ...
Tags: ABP Food, food supply chain
Hilton Food Group has entered into an agreement with Sonae Modelo Continente to form a 50/50 joint venture for the supply of packaged meat products to Sonae stores in Portugal. The joint venture will supply a range of packaged beef, lamb, ...
Tags: Hilton, Meat Products
Food packing firm Hilton Food has entered into a joint venture (JV) with Portugese retailer Sonae Modelo Continente to supply its stores with a range of packaged beef, lamb, veal and pork products. As per terms of the deal, Hilton will ...
Tags: Hilton Food, Portuguese Market
French dairy giant The Lactalis Group has offered its Italian subsidiary Parmalat a buyout offer of €637m for the 12.26% stake it doesn’t hold. The move from the Lactalis is to take 100% control of Parmalat in order to delist ...
Tags: dairy, Lactalis Group
The European Bank for Reconstruction and Development (EBRD) has agreed to provide €18.5m of loan to Global Beer Georgia (GBG) to construct and operate a greenfield brewery in Georgia. It will be a syndicated loan package which will ...
The ranking list of Guangxi Top 100 Innovation Enterprises was issued recently. As the first list for regional innovation enterprises issued by China, it comprehensively considers the innovation capability of Guangxi enterprises through ...
Tags: Yuchai Machinery, diesel engine
The yuan's so-called psychological threshold of 7 to the US dollar is not so important for the Chinese economy, analysts said on Thursday, after the central bank rejected an "irresponsible" media report that the yuan had fallen below that ...
Tags: US dollar, Chinese economy
French biscuit company Poult has secured an investment of €25m from CM-CIC Investissement to support its growth plans in France as well as entire Europe. With the investment, CM-CIC Investissement has joined a pool of investors led ...
Tags: Biscuit, Qualium Investissement
Spanish food company Ebro Foods has announced the merger of its three US rice and pasta companies in a bid to become a major player in the two segments in the country. The companies to be merged, with effective from 1 January 2017, are ...
Tags: Ebro Foods, Rice, Pasta
PSA Group and STAFIM have signed a letter of intent to assemble and sell a Peugeot brand Pick-up truck in Tunisia. This planned assembly plant will start operations in mid-2018, producing 1,200 units annually to meet the demand in the ...
Tags: Pick-up Truck, PSA Group
Fiat Chrysler Automobiles (FCA) has secured a €250m loan from the European Investment Bank (EIB) for its research and development (R&D) projects. The three-year loan will support the automobile manufacturing group’s activities ...
Tags: Chrysler, R&D Projects
On December 6, Foton 2017 Global Partners Conference was held in Bangkok, Thailand. At the conference, it officially released the company’s global development strategies. Having been maintaining a fast growing momentum in Thailand, ...
Tags: Foton, Industrial Center
Sumitomo has entered into an agreement to acquire Irish fruit grower Fyffes for €751m to increase its fruit imports in Japan. The global trading company which imports about 30% of bananas to Japan has offered to buy each of the ...