Salzgitter announced that Ilsenburger Grobblech GmbH (ILG) is raising its heavy plate prices by EUR 30 per tonne for all new product sales. It said "The necessary price increase reflects the rising costs of raw materials and the resulting ...
Tags: Salzgitter, Ilsenburger Grobblech, ILG, heavy plate
Reuters reported that Italian car components maker Sogefi has ended talks to buy ThyssenKrupp's suspension business, Eibach Federn. Mr Rodolfo De Benedetti chairman of Sogefi said that "We have decided not to continue. We are focused on ...
After shelving its plans for an IPO of Osram, its lighting subsidiary, Siemens has confirmed that it will conduct a spinoff of 80.5% of Osram shares. Siemens AG, the industrial conglomerate that owns lighting manufacturer Osram, has ...
French carmaker Renault has unveiled its new Talisman sedan at the 2012 Beijing auto show being held in China. The new sedan will be offered with V6 engine in 2.5 litre and 3.5 litre displacements. The 2.5 litre engine will generate ...
Spanish carmaker Seat has launched the Mii car Italy. The Seat Mii will be powered by a three-cylinder petrol engine, with two output options, including 60hp and 75hp. Seat said that the new car can achieve a top speed of 160km/h with ...
Japanese automaker Mazda has launched a special edition of the Mazda6, the Takumi, in Romania, with two powertrain options. The car will be powered by a 2.0 litre petrol engine which will deliver a total output of 155hp, while the second ...
Tags: Mazda, petrol engine, six-speed manual transmission, TE Sport
German carmaker Audi has unveiled the revamped 2013 R8 two-seater sports car with several changes including the addition of the new roofless Spyder, an optional V10 and the GT model. According to the carmaker, the entry level 2013 Audi R8 ...
Reuters reported that US based rolled aluminium products group Novelis is building EUR 200 million aluminium recycling plant in Germany. Mr Tadeu Nardocci head of Novelis European unit said that completion of the plant, in Nachterstedt in ...
Osram will invest in production facilities such as an LED assembly plant in China, while at the same time selling other plants that make products using older lighting technologies. After parent company Siemens said it will spin off Osram ...
Tags: LEDS, LED, lighting technologies, lighting, lights
Allianz Worldwide Care has introduced an array of deductibles for its individual healthcare plans alongside new online support tools in an effort to improve customer service, following its annual product review. Newly added deductibles ...
Tags: Allianz, healthcare plan, health insurance, insurance service
German luxury carmaker BMW has unveiled the limited run of M3 Frozen Silver Edition coupe, marking the 40 years of the company’s M division. The new model will be powered by a 414bhp 4.0 litre V8 engine mated to a seven-speed double ...
Tags: BMW, M division, accelerate
Opel, the subsidiary of US carmaker General Motors (GM), has unveiled the new Meriva mini MPV variant, powered by a 1.4litre turbo gasoline powertrain mated to a six-speed automatic transmission. The new powertrain will generate an ...
South Korea based chemical and trading company Hyosung is planning to build a $150m facility in Romania to produce auto airbags and tyre components. The company said that the construction work on the new plant is expected to begin in the ...
Tags: Hyosung, airbags, tyre components, car tyres, steel cords
Siemens has entered into an agreement to acquire Invensys Rail, the rail automation business of Invensys for approximately EUR 2.2 billion. At the same time, the company plans to divest its baggage handling, postal and parcel sorting ...
Tags: Siemens, rail, baggage handling, postal, parcel sorting activities
Young companies and emerging product, furniture and textile designers will be presenting inspiring ideas and innovative textile developments at next year’s Heimtextil (9 to 12 January 2013) fair in Frankfurt, Germany. With a ...
Tags: innovative textile, Home Textiles, textile designers, heimtextil fair