Samsung Electronics catapulted to the top of the optoelectronics supplier ranking in 2012 from 12th place in 2011 after it gained full ownership of Samsung LED, a 50-50 joint venture in light-emitting diodes that was created in 2009 between ...
Tags: Samsung, Optoelectronics, Electronics
Chip maker ST-Ericsson will be wound down as parent companies STMicroelectronics and Ericsson have decided to take over some parts of the company, including LTE modems and application processors, and close or sell the rest. The news comes ...
Tags: Ericsson, ST-Ericsson, Chip maker
The move may lead to 1,600 job cuts. STMicroelectronics and Ericsson have agreed to split their struggling mobile chip joint venture, which was formed in 2008. Both firms failed to seek a buyer for JV, dubbed ST-Ericsson, and decided to ...
Tags: STMicro, Ericsson, mobile chip
Idemitsu Kosan and Mitsui to sign a basic agreement to commence study on Alpha Olefins production in the United States Idemitsu Kosan Co., Ltd. and Mitsui & Co., Ltd. have signed a basic agreement to commence studies through the ...
Tags: Alpha Olefins, Idemitsu Kosan, Mitsui
The recycled-PET(rPET) joint venture between Coca-Cola (CCE) and ECO Plastics, Continuum Recycling has sorted a quarter of a billion bottles within nine months from its start up. The 15m facility, which now processes more than 50% of the ...
On Monday, Lisle, Illinois-based SunCoke Energy and India-based VISA Steel Limited announced the official launch of their cokemaking joint venture in India. The new joint venture will be called VISA SunCoke Limited. SunCoke Energy holds a ...
Tags: Suncoke Energy, Visa Steel, Mineral
If you were bummed when Netflix split its hybrid streaming/disc-by-mail service into two separate (and higher-priced) offerings, here's something you may like: Redbox Instant, which combines unlimited streaming with one-day disc rentals via ...
Tags: Consumer Electronics, Redbox
Luxembourg-based global steelmaker ArcelorMittal has announced that it has completed the first part of its sale of a 15 percent share in its wholly-owned subsidiary ArcelorMittal Mines Canada (AMMC) to a consortium led by the South Korean ...
Tags: Arcelormittal, Metallurgy, Mineral
Gerdau announced Monday the company's majority ownership of its first plant in Asia at Tadipatri, Ananthpur District, Andhra Pradesh, India and change of the operation name from Kalyani Gerdau to Gerdau. In 2007, Gerdau entered into a ...
Tags: Gerdau, Metallurgy, Mineral
The sharemarket fell sharply yesterday as iron ore prices declined and strong jobs news cooled hopes of interest rate cuts. Employment jumped by 71,500 places last month, the Australian Bureau of Statistics said. Economists had expected a ...
Tags: sharemarket, iron ore prices, iron ore
On March 15, Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Co. (Valin Steel) announced that global steel giant ArcelorMittal has sold shares in Valin Steel worth RMB 150 million ($24.12 million) to Valin Group, the ...
Tags: Valin Group, Valin Steel, steelmaker
Owens-Illinois forms partnership to produce high-quality recycled glass Owens-Illinois Inc. is teaming with eCullet Inc. to form a joint venture involving processing of recycled glass. Glass to Glass LLC will invest in sophisticated glass ...
Tags: Packaging, Printing, Owens-Illinois
Japanese steelmaker Kobe Steel, Ltd has announced that its Chinese steel wire processing joint venture, Kobelco Spring Wire (Foshan) Co., Ltd (KSW), located in Foshan, Guangdong Province, has started operations. Kobe Steel owns a 50 percent ...
Tags: Steel Wire, Steel, steelmaker
Australia-based iron ore developer NSL Consolidated (NSL) has announced that it has signed a US$12.2 million joint venture agreement with India-based Vijay Group, according to which the parties will establish a strategic alliance that will ...
Tags: NSL Consolidated, joint venture agreement, Vijay Group
Glass maker O-I said that this joint venture will invest in glass sorting equipment that will make more high-quality recycled glass available for use in O-I plants. “We are encouraged by the formation of this joint venture, as we ...
Tags: Glass maker, O-I, Glass-to-Glass Joint Venture, eCullet