As LED market penetration rate continues to increase, global LED market growth has slowed down in recent years. In China, domestic LED chip manufacturers have exceeded a dominant 70% market share. In addition, global companies have ...
Tags: LED industry, LED chips
Private equity firm Kohlberg & Company has agreed to acquire Pexco, a North American specialty plastics manufacturer, from Odyssey Investment Partners. Upon completion of the deal closes, Pexco will merge with Kolhberg portfolio company ...
Tags: Kohlberg, specialty plastics
Trillium, which aims to close the cyber-security gap threatening self-driving cars, has completed its Series A financing round with investments by Global Brain, Mizuho Capital and DBJ Capital. Tokyo-based Trillium designs and provides ...
Tags: Trillium, Driverless Car Security
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 ...
SAFI, organiser of the Maison&Objet trade fairs, announced the suspension of its Asian and American editions in order to concentrate all of its available means and resources on the Paris-based events, as well as on the promising launch of ...
Tags: digital platform, SAFI
Switzerland-based Nespresso has launched a limited-edition aged coffee for its machines. Made from fresh Arabica coffee sourced from high in the Colombian mountains and plains, the Selection Vintage 2014 coffees were harvested three years ...
China's manufacturing sector continued to slow in January 2017 because of a further improvement in the health of the sector. The Caixin General Manufacturing Purchasing Managers' Index (PMI) edged down to 51.0 last month from December's ...
Tags: manufacturing sector, PMI
Volkswagen is nearing a $4.3bn settlement with the US regulators that would include pleading guilty to several criminal charges in the diesel emissions scandal. The company is in advanced discussions with the USDepartment of Justice and ...
Tags: Volkswagen, Diesel Emissions
Iceland-based seafood company Icelandic Group has begun the process of divesting its subsidiary Gadus in Belgium. It was in 2012 that Icelandic had acquired Gadus for an undisclosed price. The decision to sell Gadus by Icelandic Group ...
Tags: Subsidiary Gadus, seafood
Shell has signed an agreement with Viva Energy Australia Pty Ltd (“Viva Energy”) for the sale of Shell Aviation Australia Pty Ltd for a total transaction value of approximately $250 million USD. It follows the sale of ...
Worldwide shipments of traditional PCs (desktop, notebook, and workstation) totaled 70.2 million units in the fourth quarter of 2016, posting an on-year decline of 1.5%, according to the IDC Worldwide Quarterly Personal Computing Device ...
Finland's Supreme Administrative Court has upheld a decision to impose a fine of €70m on dairy giant Valio for abusing its dominant market position in the domestic milk market. With the decision, the court has ended a long legal ...
Tags: Finland, Lowering Milk
Mazda Motor has started the production of CX-3 subcompact crossover SUV at Hofu Plant No.1 in Yamaguchi, Japan. The move strengthens the automaker's supply system for SUV vehicles, demand for which continues to grow globally. Hofu Plant ...
Tags: Mazda, Crossover SUV
US-based ProAmpac subsidiary Ampac is launching its Pull Tab beverage pouch in the US for alcoholic beverages market. The Ampac’s new Pull Tab pouch, which will now be marketed and produced in US, was initially launched in 2014 in ...
Tags: Ampac, alcoholic beverages
Amplify Snack Brands announced it has strengthened the Company’s executive leadership team by appointing Mike DeGrace as senior vice president of sales for North American region. Mr. DeGrace joins Amplify with over 30 years of ...
Tags: Amplify Snack, packaged foods