South Africa moved one step closer to the creation of a state owned steel manufacturer on Monday with the Industrial Development Corporation's ZAR 3.4 billion acquisition of Anglo American's majority stake in the Scaw Metals Group. ...
Tags: steel manufacturer, ArcelorMittal SA, IDC
Industrial group Famous Brands has entered into a joint venture with Coega Dairy, a dairy manufacturing business in Port Elizabeth, South Africa. The joint venture will manufacture cheese products for Famous Brands. Famous Brands will ...
Tags: dairy manufacturing business, cheese products, mozzarella
Voestalpine will invest over EUR100m in new plants in China, US, South Africa, Romania, and Germany for the next several years. The company said that the investment is part of a globalization strategy in the automotive sector. ...
Tags: Voestalpine, invest, globalization strategy
Swiss food firm Nestlé has announced that it has completed the acquisition of Pfizer's nutrition division, in a deal valued at $11.85bn, strengthening its position in the global nutrition market. The integration process of Pfizer ...
Tags: Nestlé, food, acquisition, infant nutrition
Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week lower Friday with sources expressing skepticism over whether a rise seen over the past few days was sustainable in the ...
Sensient Technologies,a colors,flavors and fragrances manufacturer based in US,plans to set up a new color and flavor facility in Johannesburg,South Africa. The new facility will feature a research,development and manufacturing area with ...
Tags: facility, pharmaceutical market, advanced technologies
Sensient Technologies plans to set up a new color and flavor complex in Johannesburg,South Africa.The complex will feature research,development and manufacturing sites,with dedicated facilities for both colours and flavors. The company ...
South Africa - 18 August saw some of South Africa's highest profile musicians come together in Johannesburg's Botanical Gardens to play at Talk Radio 702's Concert In The Park. A Coda Audio PA system and DiGiCo mixing consoles ensured that ...
Tags: mixing consoles, Coda Audio PA system, concert, audio system
Frutarom,an Israel-based ingredient company,plans to set up a R&D and innovation center and a production facility for taste and health natural products in Israel with an investment of$30m. The company said that it received approval from ...
In 2012 Australian retail conditions continued to be difficult. Although the fundamentals of the Australian economy improved with growing GDP, declining interest rates and low levels of unemployment, consumer sentiment remained soft with ...
Tags: retail conditions, fundamentals, growing GDP, consumer sentiment
The South African Department of Trade and Industry (DTI) has approved the ‘Made in Palestine’ labeling for products coming from Israeli occupied territories to provide information about their country of origin. Cabinet ...
Mr Anil Agarwal chairman of Vedanta Resources Corporation was on a 3 days trip from November 21st to 23rd 2012, to Udaipur, which is also the head office of Hindustan Zinc, Vedanta group's flag ship company and the world's largest ...
Tags: Anil Agarwal, Vedanta Resources Corporation, zinc lead
Paper and paper products manufacturer Sappi Southern Africa has updated and refreshed the packaging for Typek brand, which currently is available in red and white packaging. Sappi Southern Africa chief executive officer Alex Thiel said ...
Tags: paper products, packaging, Typek brand
Guala Closures Group has announced its intent to acquire the Metal Closures division of South Africa's MCG Industries, pending the approval of the South African Competition Commission by the end of 2012. Metal Closures has been ...
India-based ice cream and processed food manufacturer Vadilal Industries is planning to double its processed food revenues to over INR1bn ($18.4m) by 2015. The company noted that this decision comes in response to the growing demand for ...