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Crown to Buy Industrial Packaging Firm Signode for $3.91bn

Dec 21, 2017

Consumer packaging firm Crown has agreed to acquire Signode Industrial Group Holdings (Bermuda) from Carlyle Group for $3.91bn. The transaction is expected to add strong franchise business to Crown's existing metal packaging business. ...

Tags: Industrial Packaging, packaging

Philips Lighting Works with China Telecom to Boost Smart-City Application

Nov 6, 2017

Philips Lighting Holding has cooperated with China Telecom to promote smart-city application in China through using its smart Internet-connected lighting technology and China Telecom's NB-IoT (narrow band-Internet of Things) technology and ...

Tags: Philips Lighting, Smart-City Application

Crown's Net Sales Increases in Third Quarter of 2017

Oct 26, 2017

Crown Holdings has announced its financial results for the third quarter ended 30 September 2017. Third Quarter Highlights Earnings per share $1.32Adjusted earnings per share $1.41$62 million of Q3 share repurchases; $339 million ...

Tags: Crown, Beverage

Philips Lighting Boosting Smart Connected LED Lighting

Sep 18, 2017

Philips Lighting aims to see its smart connected LED lighting products cover three billion people around the world by 2025, according to Bill Bien, head of Strategy and Marketing for the vendor. Compared with conventional lighting, LED ...

Tags: LED Lighting, Philips Lighting

Crown's Net Sales Increase in Q2

Jul 24, 2017

American packaging company Crown has reported net sales of $2.16bn for the second quarter of 2017, compared to $2.14bn for the same period in 2016. Increase in sales has been attributed to increased global beverage can volumes and pass ...

Tags: Crown, packaging

Rengo Buys 80% Stake in Indonesian Corrugated Packaging Firm

Apr 26, 2017

Thai Containers Group (TCG), a joint venture between Rengo and SCG Packaging Public Company, has acquired an 80% interest in PT Indocorr Packaging Cikarang. PT Indocorr, which operates in eastern Jakarta, produces corrugated packaging ...

Tags: Rengo, Corrugated Packaging

PT SMART Exhibits Ingredients for Bakery Sector

Nov 11, 2016

PT SMART is showcasing a range of innovative ingredients for bakery sector at SIAL Interfood Exhibition in Jakarta. The event is taking place from 9 to 12 November. The theme for this year’s event, “A Taste of Spring,” ...

Tags: PT SMART, Bakery

AR Packaging to Acquire Majority Stake in Indonesia's Paper Packaging Firm Maju Jaya

Oct 24, 2016

Swedish firm AR Packaging Group has signed an agreement to acquire a majority stake in Indonesian paper packaging firm PT Maju Jaya Sarana Grafika (MJSG) for undisclosed amount. Maju Jaya provides services from design, prepress, ...

Tags: AR Packaging, Packaging

Uber Rival Grab Raises $750m in Equity Financing

Sep 27, 2016

Grab, a rival to ride-hailing company Uber in Southeast East, has raised $750m in equity financing, increasing its total capital position to more than $1bn. The expanded, oversubscribed round was led by Grab's strategic partner SoftBank ...

Tags: Grab, Uber, SoftBank

gridComm Partners with PT Siklon Energy Nusantara to Bring Smart Street Light Solutions to Indonesia

Oct 14, 2015

gridComm, a provider of power line communication (PLC) solutions that enable the transformation of traditional power grid into a smart grid, announced it has signed a partnership agreement with a leading LED manufacturer in Indonesia, PT ...

Tags: gridComm, PT Siklon Energy Nusantara, smart street light solutions

Indonesia Required All Importers of Batik-Patterned Fabrics to Register with The Ministry

Aug 4, 2015

In view of rising imports of batik textiles, Indonesia's Ministry of Trade has issued a regulation requiring all importers of batik-patterned fabrics to register with the ministry and seek special permit for import. Addressing a press ...

Tags: Textile Imports, batik textiles

Indonesia and UK to Improve Economic Ties Between The Two Nations

Jul 30, 2015

Indonesian President Joko Widodo and the visiting British Prime Minister David Cameron have expressed their commitment to improve economic ties between the two nations. Addressing a joint press conference in Jakarta, Cameron said, ...

Tags: Economic Ties, engineering, energy

Indonesia's Yarn Producers to Impose Duty on Imported Yarn Products

Jun 25, 2015

Indonesia’s yarn producers have urged the government to impose a temporary safeguard duty on imported yarn products, which they say have severely damaged the market for locally made products, a leading Indonesian newspaper has ...

Tags: Indonesia's yarn producers, Yarn

Indonesian Textile Industry May Have More Rudundant Workers

Jun 15, 2015

Facing flat growth, Indonesian textile industry may see moreLAID- unless the government takes some swift action to help the industry, a leading Indonesian daily has mentioned. Several textile manufacturers in Bandung regency have ...

Tags: textile industry, Textile

Ajinomoto Will Enter The Indonesian Bread Market to Ramp up Expansion

Jun 8, 2015

Japanese food producer Ajinomoto will enter the Indonesian bread market to ramp up expansion of its consumer foods business in the country as well as build a frozen noodle production plant in the US. The company will establish Ajinomoto ...

Tags: Frozen Noodles, Food

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