CEO of Germany based Advansa, Heinz Meierkord has been named the new president of CIRFS, a trade body representing Europe’s €10 billion man made fibres industry. Heinz Meierkord succeeds Giulio Bonazzi, CEO of Aquafil, whose ...
Tags: fibres industry, Textile
Renault Trucks has launched new range of vehicles in Africa and Middle East, as a part of its global expansion strategy. The new range of Renault trucks includes C, K and D ranges that are designed to adopt extreme weather conditions ...
Tags: Trucks, expansion strategy, Auto
Manufacturers ‘gambling’ on the increasing influence of health, Canadean The fast moving consumer goods (FMCG) industry might think some trends, including a trend towards ‘healthier’ items, are bigger than they ...
Tags: gambling, health, Agriculture
One of the biggest vertically integrated textile mill groups in India, Alok Industries said it is planning to raise Rs 2,000 crore by selling land and in the process pare debt. Alok is also hoping to double exports in the next three ...
Tags: Pare Debt, Alok Industries, Textile
Rice producer Best Foods is planning to invest INR750m ($12.2m) in expanding its retail presence to cater to the increasing consumer demand for grains. The move is said to form a part of the company's strategy to generate around INR50bn ...
Tags: Rice producer, grains, Agriculture
Wisconsin-based Baker Cheese Factory is expanding its St. Cloud cheese production facility by investing $7m in equipment for its modernisation. Baker Cheese also proposes to invest in new waste water treatment plant to assist its whey ...
Following on the 2012/2013 investment program and the resulting enhancement of its global presence, Rieter is setting new priorities in the implementation of its strategy, among which includes growing faster than the market. Rieter said ...
Mondelez International is planning to invest $24m to ramp up production capacity of its confectionery plant in Gebze, Turkey. The investment will see the installation of a new processing and packaging line, which will increase the ...
The Société de développement du coton (Sodecoton), the Cotton Development Company of the West African country of Cameroon, would be soon starting its research to introduce genetically modified (GM) cotton in Cameroon, ...
Tags: Cotton Development Company, genetically modified(GM)cotton, Textile
UK-based custom printed self adhesive labels manufacturers Mercian Labels has opened a new 24,000 ft2 factory in Staffordshire to meet the expanding demands for its digital and security labelling products. The company recently ...
Two-thirds of the world’s largest companies are reporting exposure to water risks, some of which have potential to limit growth. The news comes amid mounting shareholder concern around the business impacts from water scarcity, ...
Tags: Water Risk, water management data
Eight years after acquiring US rival, Reebok, seems like German sports gear marketer – Adidas has put Reebok on the block. According to WSJ, funds affiliated to the Abu Dhabi Government and a Hong Kong based private-equity investor ...
Tags: Reebok, Investors, Accessories
American chain of smoothie stores Planet Smoothie has announced plans to open eight new stores in Central Florida over the next three years. The company, which already has 28 stores in the region, is seeking franchise partners for the ...
Tags: Planet Smoothie, New Stores, Food
Menasha Packaging Company, which specialises in graphic packaging and product merchandising solutions, is investing about $5m to expand its Hartford facility. This expansion will help the company create about 70 jobs. The Neenah-based ...
Tags: Menasha Packaging, Expansion, Packaging
Fairway Injection Molding Systems will invest $1m annually for the next three years to purchase production mold manufacturing machinery and injection molding machines The company is going ahead with this investment to meet the growing ...