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Company News
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Australian Withdrawn Its Plan to Cut $500m Funding to Domestic Auto Industry
Mar 12, 2015Australian government has withdrawn its plan to cut $500m funding to domestic auto industry proposed under Automotive Transformation Scheme (ATS) scheme. The funding cuts were announced last year, but it failed to get Senate approval. ...
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Hyundai to Build Its Second Factory in Alabama to Increase The Production of SUVs
Mar 12, 2015Hyundai is planning to build its second factory in Alabama, US to increase the production of SUVs in the country, reported Yonhap News Agency. The move is reportedly triggered following a drop in gas prices in the US, which has ...
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Jaguar Land Rover to Manufacture Its First All-Electric Car in Austria Starting Next Year
Mar 12, 2015Jaguar Land Rover is reportedly planning to manufacture its first all-electric car in Austria starting next year. The Tata Motors owned company has leasing space in an existing factory for the production of 10,000 cars a year, reported ...
Tags: Electric Car, Jaguar Land Rover
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A Patent for a Bio-Based Non-Petroleum Motor Oil Has Been Filed BY N1 Technologies
Mar 12, 2015Nanotechnology Research and Development company N1 Technologies has filed a patent for a bio-based non-petroleum motor oil. The non-petroleum motor oil has been created, using a blend of plant oils with Tungsten and Carbon Nanotubes. ...
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Uk Government Has Announced to Add 100 Plug-in Electric Cars and Vans to Its Fleet
Mar 12, 2015The UK government has announced to add 100 plug-in electric cars and vans to its fleet. The latest addition is a part of the government's initiative to promote green transportation for which the government previously invested ...
Tags: UK Government, EVs
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CSR Corp and CNR Corp Inched One Step Closer to Their Impending Merger
Mar 12, 2015China's two largest trainmakers, CSR Corp and CNR Corp, inched one step closer to their impending merger after getting necessary approvals from overseas antitrust authorities, according to company announcements on Wednesday. The merger ...
Tags: CSR Corp, CNR Corp, trainmakers
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Findus Received an Approval From Authorities for Nestle's La Cocinera Acquisition
Mar 12, 2015British frozen food and seafood supplier Findus has received an approval from the Spanish Competition Authorities for the acquisition of Nestlé Spain’s La Cocinera frozen ready to eat meals business. Earlier this year, ...
Tags: Findus Group, seafood, frozen food
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Government of India Is Planning to Allocate 17 Food Parks to Various Companies
Mar 12, 2015The government of India is planning to allocate 17 food parks to various companies towards the end of this month, which is expected to attract total investments of more than INR2,100 crore. India's food processing minister Harsimrat Kaur ...
Tags: Food Parks, food processing
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Sysco and US Foods Inc. has Been Extended by 60 Days From March 8 to May 7
Mar 12, 2015The merger date of Sysco Corp. and US Foods Inc. has been extended by 60 days from March 8 to May 7 because of the scheduled anti-trust hearings to be held in May, said food distributor Sysco in a filing with the US Securities Exchange ...
Tags: Sysco Corp, US Foods, Merger Date
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Dwi Holdings Inked Global Licensing Deal for Kate Spade New York Bedding
Mar 12, 2015DWI Holdings Inc., a subsidiary of Himatsingka Seide Ltd, has inked global licensing deal for the design, development and distribution of kate spade new york bedding and bath collections through 2020. According to a DWI press release, ...
Tags: DWI Holdings, home textile
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Centric Software Face Rapid Changes, Growth and Need to Develop Innovative Products
Mar 12, 2015Centric Software, Inc. which offers product lifecycle management (PLM) software for retail said it set record-setting growth in bookings, customers and geographic expansion in fiscal ending January 31, 2015. “Centric has earned its ...
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Gap Has Been Honoured for The Ninth Consecutive Year by The Ethisphere Institute
Mar 12, 2015US apparel marketer Gap Inc said it has been honoured for the ninth consecutive year by the Ethisphere Institute in recognition of fostering a culture of ethics and transparency at every level of the company. According to a Gap press ...
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Bossg Clothing Co. Purchased a Few Sets of Gerber Paragon Cutting Systems
Mar 12, 2015BOSSG Clothing Co., the owner of famous apparel brand BOSSG has purchased a few sets of Gerber paragon cutting systems. With the new cutting systems, the apparel firm plans to expand its production capacity of menswear and thereby meet ...
Tags: BOSSG Clothing, apparel, cutting systems
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CCI Approved The Reliance Industries to Sell 49% Stake to Chinese Company Shandong Ruyi
Mar 12, 2015Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the ...
Tags: Reliance Industries, Shandong Ruyi
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Wessanen Will Divest Its Juice Business American Beverage Corporation in a $55m Deal
Mar 11, 2015Dutch establishment Wessanen will divest its juice business American Beverage Corporation in the US to Brynwood Partners, in a $55m deal. American Beverage produces and markets ready to drink cocktails, non-alcoholic cocktail mixers, and ...
Tags: Wessanen, Juice Business, Beverage
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