Chinese President Xi Jinping met with Qatari Emir Sheikh Tamim Bin Hamad Al-Thani Thursday in Beijing, and they agreed to deepen the bilateral strategic partnership featuring mutual respect, equality and mutual benefit, and common ...
Tags: Strategic Partnership, bilateral relations, Belt and Road Initiative
French automaker Groupe PSA has selected Punch Powertrain to deliver new generation of patented e-DCT systems by 2022, as part of its electrification push. Groupe PSA has been actively accelerating its shift to electrified vehicles ...
OFD Foods, a supplier of freeze-dried food for the US Military, has started construction on a $25m, nearly 50,000ft2 facility in the Town of Henrietta, Monroe County in New York State. The facility, which will be operating by the end of ...
Tags: OFD Foods, dried food
Confectionery giant Mondelēz International has opened a new $90m biscuit manufacturing plant in Bahrain. The new 250,000m2 plant will manufacture the confectionery and snacking firm’s power brands that include Oreo cookies and ...
BOBST has launched the new 20SEVEN CI flexo press to deliver Extended Color Gamut (ECG) solutions for a variety of printing technologies and applications. BOBST Business Unit Web-fed strategic products marketing director Federico ...
Tags: BOBST, Flexo Press, Flexible Packaging
US-based Twin Rivers Paper has signed an agreement to acquire Mondi Group’s paper mill in Pine Bluff, Arkansas. Terms of the deal, which is expected to be completed in the second quarter of this year, have not been disclosed. Pine ...
Tags: Twin Rivers Paper, Paper Mill
Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
Packaging manufacturer Coveris has agreed to divest its Americas packaging business to Transcontinental (TC Transcontinental) in a deal worth $1.320bn. Coveris Americas, which is a subsidiary of Sun Capital Partners portfolio firm ...
US meat processing company Tyson Foods is exploring the sale of TNT Crust, its pizza crust business, as part of its strategic focus on protein. Tyson Foods Prepared Foods group president Sally Grimes said: “We’re focused on ...
Tags: Tyson Foods, Pizza
Chinese multinational technology firm Baidu has secured first batch of licenses to carry out road tests for autonomous vehicles in Beijing. At the launch ceremony today, five cars powered by Apollo, the open autonomous driving platform by ...
Tags: Baidu, Autonomous Driving Vehicles
US-based engineered equipment and automation solutions provider Duravant has acquired automation systems manufacturer, Key Technology, for about $175m. Based in Walla Walla of Washington, Key Technology is engaged in the design and ...
Tags: bucket elevator, rotary table
Mercedes-Benz Cars is investing more than €100m in a battery factory in Thailand. With a strategic decision Mercedes-Benz Cars is enhancing the manufacturing footprint in South-East Asia addressing growing demand for electric ...
Tags: Mercedes-Benz Cars, battery
French automaker Groupe PSA will build Peugeot and Opel vehicles in Walvis Bay, Namibia, in 2018. Groupe PSA and Namibia Development Corporation (NDC) have signed a joint-venture agreement to start the assembly plant. The vehicle ...
Tags: Groupe PSA, Opel vehicles
Canadian global automotive supplier Magna and US ridesharing firm Lyft have partnered to jointly fund, develop, and manufacture self-driving systems. Apart from funding the partnership, Magna agreed to invest $200 in Lyft. The ...
Tags: Magna, Self-Driving Systems
Aston Martin has unveiled Lagonda Vision Concept, the first luxury brand exclusively driven by zero emission powertrain technologies. Production is planned to start in 2021. Lagonda aims to be the world’s first zero emission ...