Swiss specialty textile chemicals producer Archroma said it has entered into a senior secured credit agreement that provides for credit facilities totaling to around $515 million. According to an Archroma press release, the credit ...
Tags: textile chamicals production, specialty textile chemicals
Japan-based Sumitomo Rubber Industries (SRI) and Turkish firm Abdulkadir Ozcan Otomotiv have flagged off output at their tire manufacturing unit, set up through joint venture in the Central Anatolian province of ankr, Turkey. Under the ...
Tags: tire production, automobile accessories, tire business
Automobile major Fiat Chrysler Automobiles (FCA) has drafted $280m investment plan for funding the production of new Jeep vehicle as part of its joint venture Fiat India Automobiles, floated with Tata Motors. The amount will be for its ...
Tags: Fiat Chrysler Automobiles, automobile parts, new Jeep vehicles
Stemco, an EnPro Industries company, announces its acquisition of the manufacturer of Goodyear air springs, as well as Super Cushion and Spring Ride air springs, from ContiTech, a division of Continental Corporation. This business unit ...
Tags: comapny acquisition, Stemco, EnPro industries, air springs
Rigid plastic container manufacturer Plastipak Packaging, an arm of Plastipak Holdings, will pump in $9m for raising output capacity at its manufacturing unit in Pineville, Louisiana, in the US. The company, which makes rigid plastic ...
The People's Bank of China (PBOC), China's central bank, extended a 6-month medium-term lending facility (MLF) worth 250 billion yuan (over 40 billion U.S. dollars) at an interest rate of 3.35 percent to 11 banks on Friday. The extension ...
Tags: People's Bank of China, central bank, medium-term lending facility
The New York City administration has begun implementing ban on expanded polystyrene (EPS) foams used for making cups, bowls, plates, takeout containers, and trays for being non-recyclable. Announced by the New York administration in ...
Tags: Polystyrene Foams, polystyrene
China based Swellfun, the subsidiary of Diageo, has terminated its CNY2.3bn ($370m) Chinese liquor brand industrial park project owing to the recent anti-graft campaign in the country. As cited in Guangzhou's Time Weekly, the project was ...
Tags: Swellfun, misguided policies
Packaging distributor Kite Packaging has opened a new facility in Portsmouth, UK, increasing its storage capacity by 300%. Developed over 22,000ft2, the unit includes a warehouse. A narrow aisle racking system integrates it with ...
US-based Niagara Bottling has chosen a site at Seguin in Texas to construct its new water bottling factory. Construction of the 557,000 ft2 facility is scheduled to commence in near future and be completed by early 2016. The factory ...
Tags: Niagara Bottling, water bottling
Malaysian paper packaging company Muda Holdings' $24m glazed paper manufacturing plant is set to become operational next month. Construction of the facility was segmented into three phases. An initial RM34m ($8.9) was injected for the ...
Tags: paper packaging, Muda Holding, Packaging
Menasha Packaging is doubling the space at its preprint unit at Neenah, Wisconsin, in the US, to accommodate a new flexographic printing press for preprinted linerboard. The facility will add 45,500ft2 to its existing area of 94,000ft2. ...
Paper producer Parenco has selected German engineering firm Voith Paper for renovating its manufacturing unit at Renkum, Netherlands, and converting paper machine 2 (PM2) to a packaging output line. The graphic paper maker is investing ...
Tags: graphic paper, packaging
Scottish craft brewery BrewDog will build its first production facility outside the UK in Canal Winchester in Columbus, US. The company plans to invest a total of $30.4m for the construction of a 100,000ft2 facility spread over 42 ...
Tags: craft brewery, Overseas Brewery
The US government has urged communities to participate in Local Foods, Local Places, a federal initiative providing direct technical support to build strong local food systems as part of a community's emerging economic action plans. Under ...
Tags: Local Foods, health foods