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UPM-Kymmene Has Received a Purchase Offer for The French Planing Mill

Aug 8, 2013

UPM-Kymmene has received a purchase offer for the French planing mill in Aigrefeuille d'Anuis. The offer, however, is still subject to certain pre-conditions, the details of which have not been disclosed by UPM-Kymmene as yet. The offer is ...

Tags: Construction, Decoration

Raute Saw Its Order Intake Recover a Little to €24m in The Second Quarter

Aug 8, 2013

The Finnish machinery and plant manufacturer Raute saw its order intake recover a little to €24m in the second quarter. The first quarter had ended with new orders valued at just €10m. The backlog of orders climbed by €3m ...

Tags: Construction, Decoration

It Is The Latest News That GM Has Reduced The Price of New Chevrolet Volt Car by $5,000

Aug 7, 2013

US based vehicle manufacturer General Motors has cut the price of its new Chevrolet Volt car by $5,000, becoming the latest automaker to reduce prices of electric vehicles. The company said the new price will start at $34,995, including a ...

Tags: General Motors, Chevrolet

Shiloh Industries Has Enlarged Light Weight Casting Offering Contech Castings

Aug 7, 2013

American Shiloh Industries has expanded its light weight casting offering with the acquisition of Contech Castings, a provider of high-pressure aluminum die cast parts for the automotive industry. The deal adds P2000 squeeze casting, ...

Tags: Shiloh Industries, Automotive Parts

RSPO Provided a Wide Range of Fully Traceable, Segregated Sustainable Palm Oil

Aug 7, 2013

Roundtable on Sustainable Palm Oil (RSPO) has collaborated with Olenex C.V and New Britain Palm Oil (NBPOL) to provide a wide range of fully traceable, segregated sustainable palm oil for the European market. Established in 2004, RSPO is ...

Tags: Sustainable Palm Oil

The Australian Government Has Offered $180m to The Industry to Boost Sector

Aug 7, 2013

In a move to boost automotive manufacturing sector in the country, the Australian Government has provided A$200m($180m) support package to the industry. The new package has been announced following the criticism from automotive industry ...

Tags: Automotive Industry, automotive manufacturing sector

GM Has Received a New Purchasing Pact to Recover The Cost of Safety Recalls From Suppliers

Aug 7, 2013

US-based General Motors (GM) has adopted into a new purchasing contract which enables the company to recover the cost of safety recalls from suppliers. This new deal will also offer the company access to its supplier's financial ...

Tags: General Motors, Cost-Effective Recalls

Toyota Australia Has Announced Plan to Cost $123m in Facilities in The Country

Aug 7, 2013

Toyota Australia has unveiled plan to invest $123m in its facilities in the country, following the $180m support package announced by the Australian government for automotive industry. Of the total investment, the automotive firm will ...

Tags: Toyota

Wealthy Shareholder Innolux Cannot Receive Bailout Chi Mei

Aug 7, 2013

The creditor banks for Chi Mei Lighting Technology Corporation are demanding the company's shareholder groups like Innolux Corportation and Chi Mei Corporation to repay the company's debt. However, Innolux Corportation's response was that ...

Tags: LED, LED lighting

Furniture Brands Posted a 4% Sales Decline and a $40.8 Million Net Loss

Aug 6, 2013

Furniture Brands International posted a 4% sales decline and a $40.8 million net loss in its second quarter, and said it's working to reduce costs, pursue asset sales, and modify its credit facilities. The manufacturer and retailer ...

Tags: Furniture, Furnishing

NODE+Chroma Was Launched by Variable, Inc.

Aug 6, 2013

Variable, Inc., developer of the NODE modular wireless sensor platform, has launched NODE+chroma, an affordable sensor module that provides instantaneous information about color scanned from virtually any surface. NODE+chroma transmits ...

Tags: Construction, Decoration

CREE Licenses Gan Device Patents License Agreement with Transphorm

Aug 6, 2013

, Inc., yesterday announced that it signed a non-exclusive worldwide patent license agreement with Transphorm, Inc. that provides access to Cree's extensive family of patents related to GaN high electron mobility transistor (HEMT) and GaN ...

Tags: Cree GaN HEMT, Lights, Lighting

New Best Wire Industrial Announces Its Second-Quarter Consolidated Sales Revenue

Aug 6, 2013

New Best Wire Industrial, one of the major carbon, alloy and stainless steel wire products makers in Taiwan has announced its second-quarter consolidated sales revenue totaled NT$1.285 billion, soaring by 25% from a quarter ago. ...

Tags: Best Wire Industrial

FCAI Has Launched Its July 2013 VFACTS Data Reporting That a 4.1% Increase in July 2013

Aug 6, 2013

Australia Federal Chamber of Automotive Industries (FCAI) has released its July 2013 VFACTS data reporting that the sales of passenger cars, SUVs and commercial vehicles has increased to 90,235 in July 2013, up by 4.1%, compared to 86,641 ...

Tags: Automobile Sales

Daimler Is Set to Build a Car Manufacturing Plant in Brazil to Produce Model Cars by 2015

Aug 6, 2013

German carmaker Daimler is set to establish a car manufacturing plant in Brazil to produce C-Class model cars in its Mercedes-Benz brand by 2015. As the taxes on foreign vehicles are increasing in Brazil, the auto firm finds it hard to ...

Tags: Daimler, Car Production Plant