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Kia Motors to Invest $1.1bn for Car Manufacturing Plant in India

May 2, 2017

South Korean automobile manufacturer Kia Motors is set to enter the Indian car market by investing $1.1bn to build its first factory in the country. The company signed a memorandum of understanding (MOU) with the State Government of ...

Tags: Kia Motors, Car Manufacturing Plant

Future Mobility to Build Smart Electric Car Plant

Jan 25, 2017

Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...

Tags: Electronics, electric vehicles

Michelin Group Starts Construction on New Passenger Tire Plant in Central Mexico

Aug 26, 2016

Michelin Group has broken ground on a passenger-tire plant in Central Mexico. It is the company's 69th global facility. Michelin Group's CEO Jean-Dominique Senard said: "Our actions here today demonstrate our confidence in Mexico's ...

Tags: Michelin Group, passenger-tire plant, Central Mexico

Valley Natural Foods to Open New Meat Processing Plant in Minnesota

Jul 12, 2016

Burnsville-based Valley Natural Foods has announced that it would invest $2m to open a wholesale meat processing plant in Northfield, Minnesota. The company has purchased 16 acres of land, including a building, for the new plant, Valley ...

Tags: Valley Natural Foods, Valley Natural Meats

Conagra Foods, Meijer to Set up Joint Venture for Russian Market

Jun 30, 2016

US-based ConAgra Foods Lamb Weston and its Netherlands-based partner Meijer Frozen Food have announced to form a new joint venture to cater to the Russian market. The establishment of the joint venture is subject to approval from Federal ...

Tags: joint venture, FAS, ConAgra Foods

ConAgra to Invest $200m to Expand Lamb Weston's Facility in Richland, US

Jun 12, 2016

ConAgra Foods has announced that it would invest $200m to expand operations at its Lamb Weston’s facility in Richland, Washington, US. The expansion will see an addition of a new french fry processing line at the plant. While the ...

Tags: ConAgra, fry processing line

Faraday Future Breaks Ground on $1bn Electric Car Plant in Nevada, US

Apr 18, 2016

Faraday Future, a start-up in the field of electric vehicles and a rival to Tesla Motors has broken ground on its $1bn manufacturing plant near in North Las Vegas, Nevada, US. The electric carmaker said the investment will not only go ...

Tags: Electric Car, Tesla Motors

Murray Goulburn To Set Up $300m Infant Formula Processing Plant In Koroit, Australia

Mar 22, 2016

Australia-based dairy company Murray Goulburn (MG) is partnering with Indonesian health and infant nutrition company Kalbe Nutritionals and US-based Mead Johnson Nutrition (MJN), to set up $300m infant formula processing facility at Koroit ...

Tags: MG, Kalbe Nutritionals, MJN, Nutrion infant powders

Premium Ingredients Plans to Set up Second Food Powder Blending Factory in India

Dec 2, 2015

Premium Ingredients Food Services India is planning to set up second modular and portable powder blending (PPB) manufacturing facility in India by mid 2016. The company, which is a part of the Blendhub Corp group, specializes in the ...

Tags: Premium Ingredients, food powder products

General Motors Aims to Set up Manufacturing Facility in Indonesia

Feb 10, 2015

General Motors along with its Chinese venture SAIC Motor is planning to establish its manufacturing operations in Indonesia in an attempt to take advantage of vehicle demand in the country. SAIC Motor is a joint venture between GM China, ...

Tags: General Motors, SAIC Motor

Mercedes-Benz Commenced Production of Its Mercedes-Benz Cla Shooting Brake

Jan 22, 2015

Mercedes-Benz has commenced production of its Mercedes-Benz CLA Shooting Brake at the company’s plant in Kecskemét, Hungary. CLA Shooting Brake will be the second model to be exclusively manufactured at the three year old ...

Tags: Mercedes-Benz CLA Shooting Brake, CLA-Class vehicles, Auto

Umicore to Construct a New Facility in Hemaraj, Thailand

Dec 17, 2014

Belgium based materials technology company Umicore is planning to construct a new facility in Hemaraj, Thailand which will produce emission control catalysts for light duty vehicles. The company is expected to invest around €20m at ...

Tags: emission control catalysts, light duty vehicles, Auto

NLMK Kaluga Has Stated That It Has Produced Its One Millionth Metric Ton of Steel

Aug 27, 2014

NLMK Kaluga, a subsidiary of Russian steelmaker NLMK Group and producer of long steel products for construction, has stated that it has produced its one millionth metric ton of steel. NLMK Kaluga is a next-generation EAF mill, part of ...

Tags: NLMK Kaluga, Steel, Metallurgy

MIGA Will Work in Collaboration with Elif

Aug 14, 2014

The World Bank Group’s political risk insurance and credit enhancement arm Multilateral Investment Guarantee Agency (MIGA) will work in collaboration with Turkish flexible packaging company Elif Global to expand the latter’s ...

Tags: MIGA, Elif, Packaging, Printing

Voestalpine Breaks Ground on US$760 Million Direct Reduction Plant in Texas

Apr 25, 2014

Austria-based voestalpine broke ground Wednesday on the construction of a EUR 550 million (US$760 million) direct reduction plant in Corpus Christi, Texas. The plant, which represents the largest foreign investment in the history of ...

Tags: voestalpine, mechanical equipment

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