Halla Visteon Climate Control (HVCC), an automotive supplier of climate systems, has signed an agreement to take up majority stake of 51% in Japan Climate Systems (JCS) Nanjing. The acquisition of majority ownership in the company is said ...
Tags: JCS Nanjing, automakers
Optare, a UK-based bus manufacturer, has launched a new double decker bus, MetroDecker, at Transport Museum in London. The new double decker bus is said to have a low unladen weight of about 9.8t, achieved with a combination of ...
Tags: Optare, Decker Bus
Switzerland-based chocolate manufacturer Chocolat Frey has bought a majority stake in US candy maker SweetWorks, for an undisclosed sum. Headquartered in Buffalo, New York, SweetWorks runs a production facility in the region, and has a ...
Tags: Agriculture, Food, chocolate
Philips has announced that it has entered into a joint venture in Saudi Arabia, buying 51 per cent of General Lighting Company (GLC), a major lighting company in Saudi, for $235 million. Philips’ current lighting activities in the ...
Tags: Lights, Lighting, LED lighting, energy efficient lighting
For 2013, Rexam posted a 1% rise in sales to £3.9bn. Underlying profit before tax was up 4% to £372m. The group also hit 15.5% return on capital employed (ROCE), up on the 14.5% in 2012. Rexam’s total dividend is up 14% to ...
MANCHESTER, Conn. — Bob's Discount Furniture will hit the 50-store mark with the opening of its first three Philadelphia-area stores this month, adding a physical presence in a market it's been reaching online and through outlying ...
The Renault-Nissan Alliance sold a record 8,266,098 vehicles in 2013, propelled by record sales in the car group’s two largest markets, China and the United States. Renault-Nissan's 2013 calendar-year sales, which include sales of ...
Tags: Renault-Nissan, Auto Parts
The Abraaj Group, a UAE-based private equity investor, has entered into an agreement to acquire majority stake in Turkish dairy firm Yorsan Group, alongside the European Bank for Reconstruction and Development (EBRD). Yorsan Group is a ...
Tags: Abraaj, Yorsan Dairy Firm
GE Energy Financial Services, a unit of GE (NYSE:GE), has formed its third partnership with a Vess Oil Corp. affiliate to purchase oil reserves in East Texas for $108 million. The partnership is acquiring approximately 13,000 net acres and ...
Tags: GE Energy Financial Services, Vess Oil, East Texas, oil reserves
EDF and AREVA have signed agreements with Saudi industrial and university partners, reflecting their commitment to future nuclear projects in Saudi Arabia. Meanwhile, French engineering consultancy Assystem has signed a letter of intent to ...
Tags: Nuclear News, EDF, AREVA, Saudi Nuclear Programme
Ascent Solar Technologies Inc of Thornton, CO, USA, which makes lightweight, flexible copper indium gallium diselenide (CIGS) thin-film photovoltaic modules that it integrates into its EnerPlex series of consumer products, has signed a ...
Sprint majority owner SoftBank plans to buy a majority stake in T-Mobile through Sprint with the apparent intent to combine the two carriers, Japan's Nikkei newspaper reported. The plan would a merged entity on a better competitive ...
Bechtel has been selected by BHP Billiton to provide engineering, project management, and construction services for a system that will bring a sustainable water supply to the Escondida copper mine in the Atacama Desert of northern Chile. ...
Brewing giant Carlsberg Group has increased its stake in Chongqing Brewery (CBC) from 29.7% to 60% with the acquisition of 146.6 million shares for a purchase price of RMB2.9bn ($477.4m). This deal was announced in March 2013 and will ...
Tags: Carlsberg, Chongqing Brewery, stake, beer
Kortrijk, Belgium-based Bekaert, one of the world's largest steel cord and wire manufacturers, has announced its expansion plans for Central and Latin America, including the startup of a steel fibre plant in Costa Rica, the acquisition of ...
Tags: Bekaert, Metallurgy