Wipak Group has started operations of new packaging line in Finland. This is one of the biggest single investments ever taken in the history of the Wipak Group. About 20 million Euros have been invested by Wipak in Nastola for the ...
Tags: Wipak, new packaging line
Shell has reached a conditional agreement with Malaysia Hengyuan International Limited (MHIL) for the sale of its 51% shareholding in the Shell Refining Company (SRC) in Malaysia for $66.3 million. It is MHIL’s intention for SRC to ...
Tags: SRC, shareholding, MHIL, conditional agreement
Valmet has received a contract to rebuild Metsä Tissue's tissue machines in Raubach, Germany and Pauliström, Sweden. Earlier this year, Metsä Tissue commenced the operations of its TM1 tissue machine in Raubach, following ...
Tags: Valmet, MetsäTissue
Major Chinese State-owned enterprises have launched the nation's largest private equity fund, worth 350 billion yuan ($52.5 billion), to finance SOE restructuring as part of China's efforts to advance supply-side reform. The money will be ...
Tags: Giant SOEs, nation fund
PS4 Pro vs PS4: Everything you need to know about how the PS4 Pro compares to its predecessor. The PS4 Pro is finally a real thing after months of speculation under the former guise of PS4 Neo. And while the company says it isn't an ...
Tags: PS4 Pro, PS4, difference
At the European Conference on Optical Communications (ECOC 2016) in Dusseldorf, Germany (19-21 September), optical and photonic product maker Lumentum Operation LLC of Milpitas, CA, USA and fiber-optic communications component and subsystem ...
Envases Universales subsidiary DevTech PET is set to invest $18m to expand its operations in the US state of Pennsylvania. The company will lease a 120,000ft² manufacturing facility in Hanover Township of Northampton County. The ...
Tags: DevTech PET, expansion, Pennsylvania
Prolamina, a division of ProAmpac and a global flexible packaging company, completed its Westfield, Massachusetts facility with a ribbon-cutting ceremony. More than 100 Prolamina employees, numerous friends, and state and local officials ...
Tags: Prolamina, ProAmpac, new facility
For its fiscal first-quarter 2017 (ended 31 July 2016), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported record revenue of $341.3m, up 7.1% on $318.8m last quarter and up 8.7% on $314m ...
Mellanox Technologies Ltd of Sunnyvale, CA, USA and Yokneam, Israel (a supplier of end-to-end InfiniBand and Ethernet interconnect solutions and services for data-center servers and storage systems) has announced the availability of 25Gb/s ...
Turkish tea vendor Dogus Cay has selected Krones’ new NitroHotfill line to produce iced teas in consumer-friendly PET containers. Dogus Cay produces around 35,000t of tea annually in five facilities in Rize. It also operates a ...
Tags: Dogus Cay, Krones, NitroHotfill, PET containers
GREEN CREATIVE, the commercial grade LED lighting manufacturer proudly announces the launch of its next generation of PL DIRect and BYPass lamps for horizontal and vertical installations. The PL EDGE SERIES horizontal (PL H) and vertical ...
Tags: LED lighting, LED
MAHLE Powertrain is opening a new North American headquarters in Plymouth, Michigan later this year as part of a $16m North American expansion that will create new jobs and accelerate a variety of advanced engine-development programs. ...
Tags: MAHLE Powertrai, new headquarters
For full-year fiscal 2016 (ended 26 June), Cree Inc of Durham, NC, USA has reported revenue of $1.62bn, down slightly on $1.63bn for fiscal 2015, as growth in commercial lighting and stable LED revenue was offset by lower consumer lighting ...
Tags: Cree Inc, revenue report, LED products
Raytheon Company of Waltham, MA, USA has given the US Army a look into the future of missile defense technology, as the firm provided its comprehensive vision for the next generation of air and missile defense radar. The information was ...
Tags: Raytheon, LTAMDS, Missile Defense Sensor