Swedish confectionery and nuts company Cloetta has agreed to divest Cloetta Italy to Katjes International. The sale equals an Enterprise Value (EV) of approximately SEK 450m. The proceeds will generate a positive net cash effect of ...
Tags: Cloetta
For full-year fiscal 2017 (to end-April), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported record revenue of $1449.3m, up 14.7% on fiscal 2016’s $1263.2m. However, for fiscal ...
Tags: Finisar, Datacom product
Starting in summer 2017, BMW's new 530e plug-in hybrid will be produced at Magna's contract manufacturing facility in Graz, Austria. As a contract manufacturing partner for two premium electrified vehicles – the BMW 530e and the ...
Tags: BMW, Plug-in Hybrid, SUV
Finnish industrial supplier Valmet has received an order to supply its Advantage NTT tissue production line to Sofidel’s Ibertissue mill in Bunuel, Navarra, in Spain. As per the order, Valmet will supply NTT 200 tissue production ...
Tags: Valmet, automation system
Sofradir of Palaiseau near Paris, France – a subsidiary of Safran and Thales that makes cooled infrared (IR) detectors for military, space, scientific and industrial applications – is developing its first very-large-format ...
Privately-held pharmaceutical firm Purdue Products has released new packaging for the Colace product line. The new packaging for the Colace stool softener brand and Senokot tablets was designed based on the consumer research carried out ...
Tags: Purdue Products, Packaging
LED packaging service provider Bright Led Electronics has become a supplier of LED lighting used in passenger cabins and restrooms of Boeing 737 aircraft for a US-based airline, according to the company. LED lighting used in different ...
Tags: LED Electronics, LED Lighting
The Alkaline Water Company said that it sold a record $1.84m of Alkaline88 water to its customers in May 2017. The Company is the creator of an innovative, state-of-the-art, proprietary electrolysis beverage process. The Company packages ...
Tags: Alkaline Water, Bottles
Brazil-based meat processing company JBS has agreed to sell its beef operations in three South American markets to companies controlled by Minerva for $300m. Under the deal, JBS’ beef businesses in Argentina, Uruguay and Paraguay ...
Tags: Beef Operations, Minerva
Milacron expects to continue the production of Ferromatik injection molding machines at its Malterdingen facility in Germany due to increasing customer demand. Last year, Milacron stated that it will transfer the injection molding machine ...
Tags: Milacron, Ferromatik Machine
Flexible packaging and labelling manufacturer Jindal Films Americas (JFA) is looking to initially invest around $120m on a new polyester plant at its US headquarters in Georgia State. The move marks the company's foray into technical ...
Frigoglass SAIC has announced unaudited results for the first quarter ended 31 March 2017 First Quarter 2017 Highlights Sustained growth momentum in Europe driven by increased sales to Coca-Cola bottlers and breweries Double digit ...
Tags: Frigoglass, bottler
LyondellBasell has announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of $0.90 per share, representing a 5.9 percent increase over the company's first quarter 2017 dividend. The ...
Tags: LyondellBasell, plastics
Sealed Air has announced financial results for first quarter 2017, as well as outlook for the complete year. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “2017 is a transformational ...
Tags: Sealed Air, Packaging
As China's smartphone market is seeing weakening growth, China-based smartphone vendors including Oppo, Xiaomi and Huawei, have been aggressively expanding their products into overseas markets. Oppo currently considers India as one of its ...
Tags: Overseas Markets, Smartphone