Company News
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Company News
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Automotive Components Manufacturer Wanxiang Is Planning to Invest $450m in A123 Systems
Dec 6, 2012Chinese automotive components manufacturer Wanxiang is planning to invest $450m in A123 Systems under a non-binding memorandum of understanding (MOU). The investement is expected to create the capital structure necessary for the company ...
Tags: Wanxiang, A123 Systems, MOU
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Sherwin-Williams Has Signed a Definitive Agreement to Acquire Consorcio Comex
Dec 6, 2012The Sherwin-Williams Company announced it has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. Sherwin-Williams will pay ...
Tags: Sherwin-Williams, Comex
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EV Group Has Completed Its Expanded Cleanroom IV Facility
Dec 6, 2012EV Group has completed its expanded cleanroom IV facility at its corporate headquarters in Austria, which doubled its cleanroom space for process development and pilot production services. As part of the company's long-term growth ...
Tags: EV Group, R&D facilities, wafer bonding equipment, lithography equipment
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GBP41m Contract Has Been Won by Wrightbus From Singapore's Sbs Transit
Dec 6, 2012Ireland based bus maker, Wrightbus, has won GBP41m contract from Singapore’s SBS Transit for the supply of 550 double-decker buses over the next three years. The 40ft Gemini 2 Double Deck buses will be manufactured as kits in the ...
Tags: Wrightbus, SBS Transit, double-decker buses
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BASF Announced Plans to Build a New Production Plant for Emulsion Polymers in Texas
Dec 6, 2012BASF recently announced plans to build a new production plant for emulsion polymers at its integrated “Verbund” site in Freeport, Texas. The new plant will allow BASF to better serve the coatings, construction, adhesives, and ...
Tags: BASF, emulsion polymers plan, Texas
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Third Phase Expansion of Vehicle Manufacturing Facility Is Compeleted by Dongyue Motors
Dec 6, 2012General Motors’ Shanghai GM Dong Yue Motors has completed the third phase expansion of its vehicle manufacturing facility in Yantai, Shandong,China. GM has invested CNY2.53bn ($398m) for the expansion which has doubled the ...
Tags: Shanghai GM, third phase expansion, vehicle manufacturing facility
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Janssen Pharmaceuticals Settled Legal Cases with 36 States
Dec 6, 2012Janssen Pharmaceuticals has settled its legal cases with 36 states and the District of Columbia regarding promotional and marketing practices for its atypical antipsychotic prescription medication Risperdal. The company will shell out ...
Tags: atypical antipsychotic prescription medication, rispedal
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Nestle reported 11%increase in sale to CHF67.6bn($72.8bn)for the first nine months of 2012
Dec 6, 2012Swiss food company Nestléhas reported 11%increase in sales to CHF67.6bn($72.8bn)for the first nine months of 2012,compared to CHF60.8bn($65.4bn)for the same period in 2011. The company said its business increased by 11.7%in ...
Tags: business increased, emerging markets, developed markets
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Teva Pharmaceutical Industries Entered Into a Settlement Agreement
Dec 6, 2012Teva Pharmaceutical Industries has entered into a settlement agreement related to Nuvigil patent infringement litigation with Mylan. Under the agreement, Mylan is allowed to sell generic versions of 50mg, 150mg, and 250mg Nuvigil in June ...
Tags: Nuvigil, armodafinil tablets, Teva Pharmaceutical Industries, Mylan
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PPG Provids Innovation to Student
Dec 6, 2012As part of an ongoing community outreach program, PPG Automotive Refinish business development manager Steve Topczewski and elite painters Jeremy Seanor and Jason Lutton recently went to Hudson Middle School, Hudson, Ohio and spent the day ...
Tags: PPG, innovation, classroom
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Magnetic Bottle Inverter Is Designed to Provide Precise Operation and Bottle Control
Dec 6, 2012US-based BTS Precision has introduced the new BTS01677 Magnetic Bottle Inverter for Procomac bottling machinery, designed to provide precise operation and bottle control. The inverter features precision construction and is machined to ...
Tags: Bottle Inverter, Procomac Machinery, bottling machinery
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Viper Powersports Has Completed The Acquisition of The Assets of Minnesota-Based PMFR
Dec 6, 2012Viper Powersports has completed the acquisition of the assets of Minnesota-based Precision Metal Fab Racing (PMFR). PMFR, which has been operating for 36 years, will manufacture performance racing bikes and components. Viper Powersports ...
Tags: Viper Powersports, PMFR, V-Twin Engines, high performance division
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Brillopak Unveil New Equipment for End-of-Line Food Packaging for Chilled and Fresh food
Dec 6, 2012Brillopak has unveiled new equipment for end-of-line food packaging for chilled and fresh products using long and short runs, that it also plans to showcase at PPMA 2012. According to the firm, the new C111 pick-and-place is meant to ...
Tags: Palletizeing and Placing Machines, Food Packaging, packing line solution
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Gm Sales in China Increased 1.7% to 244,266 Vehicles in September 2012
Dec 6, 2012General Motors (GM) sales in China increased 1.7% to 244,266 vehicles in September 2012, compared to the same period in 2011. Shanghai GM's domestic sales increased 3.7% to 120,010 units in September while SAIC-GM-Wuling's sales in China ...
Tags: General Motors, vehicles, domestic sales, Chevrolet sales, Buick
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Panera Bread Has Reported a Net Income of$44.14m for The Second Quarter
Dec 6, 2012Panera Bread has reported a net income of$44.14m for the second quarter,up 27%from$35.71m in the prior-year quarter,due to sales growth at the company-owned bakery-cafes. Revenue for the quarter increased 18%to$530.59m,compared to$451.08m ...
Tags: net income, sales growth, earnings growth
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