Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. ...
Canadian global automotive supplier Magna International has announced new management structure and financial reporting segments. The shift better aligns our global operations with our long-term strategy tied to the future of mobility. ...
Tags: automotive, roof systems, sealing systems
Beyond Meat has closed a new financing round led by Cleveland Avenue, a venture capital firm founded by Don Thompson, former CEO of McDonald’s Corporation. “We see Beyond Meat as a strategic and compelling consumer-focused ...
Tags: Tyson Foods, Beyond Meat
Plastic bottle recycling in the US had gone down by 2.4% to a little over £2.9bn in 2016, according to a new industry report. The figures were revealed by Association of Plastic Recyclers (APR) and the American Chemistry Council ...
Tags: Plastic Bottle, Plastic Recyclers
SunMoon Food Company, a global distributor of fruit and food products, has implemented Oracle's NetSuite OneWorld to support its global growth, and increase overall productivity and efficiency. In just five months, NetSuite OneWorld ...
Stratasys, a provider of applied additive technology solutions, announced that GKN Driveline Florence, a plant of leading global engineering company, GKN, is expanding the deployment of Stratasys 3D printing across the manufacturing floor ...
Tags: 3D Printing, GKN Driveline
The Ireland Government said it will spend €8.8m to establish a new food innovation hub, aimed to help the country’s food industry deal as it prepares for Brexit. Ireland’s Department of Agriculture, Food and the Marine ...
Moravia Lacto, which is part of the Interlacto Group, has re-launched its range of products in Elopak's Pure-Pak Sense carton. Moravia Lacto is the largest supplier of ESL milk and cream in cartons in the Czech Republic. In 2016, it ...
Tags: Moravia, milk cream
French automaker Groupe PSA has chosen Seattle for the launch of its new mobility platform Free2Move, a smartphone-based mobility aggregation platform to meet changing customer demands. With the app, Free2Move allows users in Seattle to ...
Tags: Groupe PSA, smartphone
Agribusiness giant Cargill has agreed to merge its fresh chicken business in the UK with Faccenda Foods’ fresh chicken, turkey and duck operations to create a new food firm. The parties will establish a fresh poultry joint venture ...
Tags: Cargill, Faccenda Foods
Pulse Roll Label Products has partnered with Edale, a UK-based manufacturer of high technology, narrow to mid web flexographic and hybrid digital printing presses and converting equipment. The strategic alliance sees British-based Pulse ...
Fiber-based packaging solutions provider Evergreen Packaging has debuted fully renewable carton at the Natural Products Expo East trade show, held in Baltimore, Maryland, US. The company states that the new packaging product highlights ...
Tags: Evergreen Packaging, Packaging
Researchers at Nanyang Technological University, Singapore (NTU Singapore) have used brewery waste to grow yeast required to make beer. A new process has been invented by scientists to turn spent brewery grains into a product that can ...
Tags: Liquid Nutrient, beer
Bentley has revealed all the details of its new third-generation Continental GT car ahead of its official debut at the Frankfurt Motor Show in September this year. The Continental GT is powered by a 6 Litre twin-turbocharged W12 TSi ...
Tags: Continental GT Car, Bentley
Microsemi Corp of Aliso Viejo, CA, USA (which makes chips for aerospace & defense, communications, data-center and industrial markets) has become a member of PowerAmerica — a manufacturing institute consisting of public and private ...