Orkla has agreed to divest its confectionery producer OJSC Orkla Brands Russia to Slavyanka-Lyuks JSC, a member of the Russian confectionery group Slavyanka. The agreement signed will require the company to sell 100% of its shares in ...
Tags: confectionery, Agriculture
Smith & Nephew plc has figuratively yanked the job-security bandage off 108 employees at its St. Petersburg, FL, wound-care plant. The company plans to close the factory and lay the workers off by January 9, according to a report in the ...
Tags: Job Cuts, Smith&Nephew, Health
General Motors has unveiled plans to temporarily scale back production at its facility near St Petersburg, Russia. The proposed plans come in response to a slump in demand in the Russian automotive market. A General Motors spokesperson ...
Tags: General Motors, Plans, Auto Parts
Russia-based pipe producer United Metallurgical Company (OMK) has stated that it has cancelled its plans to launch its own terminal for export at the port of Ust-Luga in the St. Petersburg region. The company planned to launch the Baltic ...
Tags: pipe, steel pipe
JAC N series light trucks were launched in St. Petersburg Moscow formally, marking China latest generation of light trucks entering Russian market, and the historical moment was witnessed by Zhang baoshun, General Secretary of Communist ...
Tags: JAC Light Truck, 4 Emission, Transportation
Finland based retail chain Stockmann plc which operates fashion brand Lindex, posted consolidated revenue of EUR 495.3 million, down 8.9 percent and also down 5.1 percent at comparable exchange rates in the second quarter of 2014 from EUR ...
Tags: Stockmann, Apparel, Accessories
Roads in Finland in 2020 will hum to the sound of low-emission vehicles running on renewable energy, electricity, hydrogen and sustainable biofuels. The share of public transport and car pooling in densely populated urban areas will ...
Tags: Service, vehicles, renewable energy, Smart transport
Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...
Tags: Crude Exports, Gas Exports
Beer distributor economic activity is on the uptick across the state of Florida. Today, Goldring Gulf Distributing broke ground on a new facility in Milton, Florida. S.R. Perrott will open a new facility in Daytona in June and ...
Tags: Beer Industry, Cone Distributing
The Bosch Group has laid the foundation stone for its new plant in Russia: from 2015, Bosch automotive technology will also be rolling off the assembly line in Samara. The site itself covers a total surface area of some 200,000 square ...
Tags: Automotive Technology, Bosch
The 43rd edition of Russia’s International Exhibition of Textile, Garments and Light Industry, the ‘Fashion Industry’ Fair Spring 2014, is all set to begin from March 13, at the St. Petersburg Sports and Concert Complex, ...
Coca-Cola has signed letters of intent (LoI) with two new bottling partners related to granting of territories in the greater Chicago area, US. The company has signed agreements with J Christopher and M Jude Reyes of Reyes and Troy ...
Tags: Coca-Cola, Bottling Partners
Scientists at the US Naval Research Laboratory (NRL) have suggested a method that could significantly increase the efficiency of green-blue-ultraviolet LEDs based on GaInN/GaN, AlGaN/GaN and AlInN/GaN quantum wells. It is reckoned that ...
Supply offers nation more import sources, enhances energy security Energy-rich Russia has started delivering crude oil to China as of the beginning of the year after the contract signed between the two countries last June, which will ...
Tags: Oil, energy security
Millions of people step aboard airplanes each day, complaining about the lack of legroom and overhead space but almost taking for granted that they can travel thousands of miles in just a few hours. Wednesday marks the 100th anniversary ...
Tags: aboard airplanes, future of flying