UAE-based Amira Nature Foods has acquired a portfolio of packaged specialty rice brands from Euro Basmati in Germany for an undisclosed price. The acquired brands include Al Amir, Al Hakim, Bano, Dalia, Hanna and Shah Pari which have ...
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FCA US will invest over $1bn in its assembly facilities in Illinois and Ohio to retool them in order to increase production of its Jeep Cherokee and Wrangler. The Toledo Assembly Complex in Ohio will receive an investment of $700m, which ...
Constantia Flexibles Group, one of the world’s leading manufacturers of flexible packaging products and labels, surpassed annual sales of two billion euros in 2016 , the first time in its history. The company also achieved record ...
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Japanese automaker Nissan is demonstrating its seamless autonomous mobility (SAM) system at CeBIT computer expo in Germany. The SAm system, which was developed from NASA, was initially demonstrated at this year’s CES. SAM works in ...
Tags: Nissan, Autonomous Mobility System
Inventure Foods has agreed to divest Fresh Frozen Foods to The Pictsweet Company for nearly $23.7m in an all-cash deal. The strategic sale by Inventure Foods was announced during an ongoing company review process aimed at improving ...
Tags: Inventure Foods, Frozen Foods
China's State-owned industrial enterprises, which account for the majority of China's SOEs, ended two years of losses in 2016 and reaped good returns on the back of structural optimization. In 2016, the profits of State-owned industrial ...
Inflation across the 19-country euro area hit a four-year high of 2.0 percent in February thanks to soaring prices of energy, said Eurostat, the statistical agency of the European Union (EU) on Thursday. The latest inflation figure is ...
Tags: Eurozone Inflation, inflation
Bonduelle has agreed to acquire Ready Pac Foods, the US producer of convenience fresh meal solutions, salads and fresh cut produce. The transaction is expected to close by the end of March 2017 following routine regulatory reviews and ...
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French automaker PSA Group is in talks to acquire the European operations of General Motors' (GM) business, including the Vauxhall and Opel brands. PSA and GM have earlier had a close alliance, working together on three projects since ...
Ardian has divested its stake in Germany-based food company frostkrone for an undisclosed sum to Emeram Capital Partners. frostkrone, which was established in 1997, manufactures frozen finger food and snack products in Europe. The ...
Tags: Ardian, snack products
General Motors (GM) and Honda are investing $85m each into a joint venture (JV) that intends to start mass production of hydrogen fuel cells by 2020. The JV, Fuel Cell System Manufacturing, will operate within GM's existing battery pack ...
Folding cartons, corrugated packaging producer Green Bay Packaging has purchased and installed a new Speedmaster XL 145-7+L printing unit from Heidelberg at its facility in Wisconsin, US. The very large format (VLF) printing press, ...
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US-based KBR has been awarded contract to provide maintenance, planning and industrial services for renewable packaging and paper products producer International Paper (IP). Under the four-year contract, KBR will be responsible for ...
Tags: International Paper, packaging
Ford Motor and Toyota Motor are establishing SmartDeviceLink Consortium, a nonprofit organization working to manage an open source software platform with the goal of giving consumers more choice in how they connect and control their ...
Tags: Ford Motor, Toyota
ROK Stars, the consumer goods and environmental technologies development firm established by John Paul DeJoria and Jonathan Kendrick, has announced an on-going investment plan in its ABK Brewery to meet the increasing demand for its beer ...
Tags: ROK, ABK Brewery