ConAgra Foods, Cargill and CHS are set to combine their North American flour milling businesses to form a new flour milling company known as Ardent Mills, which will cater to the customers in the baking and food industries. Ardent Mills ...
Tags: Foods, Agriculture
TORONTO — Sears Canada continued to lose ground in its fiscal fourth quarter as revenue fell 5.0% and same store-store sales decreased 3.8%. Earnings were flat and continued to be driven by factors other than the basics of being a ...
Italy-based itema Spinning business unit Savio Macchine Tessili S.p.A. — with support from Alpha, a Europe-based private equity fund that also has a majority interest in Savio — has acquired a controlling interest in yarn ...
Tags: itema Spinning business, Savio Macchine Tessili, yarn splicing
It is reported that Peru's Minera Mapsa and US-based CDII Minerals have agreed a joint venture for the construction of a pig iron plant in Peru. Basically, these two companies have a 50%-50% for joint venture will mainly to focus on the ...
Tags: pig iron plant, pig iron, Minera
Austria's Borealis has acquired Netherlands-based DEXPlastomers from ExxonMobil Chemical Company and Royal DSM, the Austrian petrochemical company said in a statement issued Monday. No financial details were given. DEXPlastomers, founded ...
Tags: Borealis, petrochemical, polyethylene
Three WRAP-certified factories in Bangladesh have been honored for their achievements in environmental protection and social compliance. Saiham Knit Composite Ltd., Fakir Apparels Ltd., and Aboni Knitwear were recognized at the first annual ...
Tags: WRAP-certified factories, environmental protection, social compliance
On 26th February 2013, Savio Machine Tessili S.p.A. has become the controlling shareholder of the company Mesdan S.p.A., with the support of the private equity fund Alpha (major shareholder of Savio Group). With this acquisition, worth ...
The iconic Alpine brand is set for a complete revival with the Renault-owned brand well underway to produce its first model by 2016. Alpine, which has been around since 1954, is renowned around the world for producing such iconic cars as ...
The Pirate Bay claims that North Korea has offered to provide network connectivity for its controversial search engine, which has faced a years-long battle to stay online. “We believe that being offered our virtual asylum in Korea ...
Henan Province-based Pingmei Shenma Group has established its second joint venture, called Zhongping Echeng Integrated Coking Co., with Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO), according to Chinese ...
Tags: Pingmei Shenma Group, Iron, Steel
Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
Jason Stamper summarises the most recent technology results and deals announcements. Of those reporting in this period it is Cisco that's the bellwether, and its results should give a little encouragement to the sector as a whole. But not ...
Tags: Jason Stamper, Cisco, technology results
UBM Asia announces that it has signed a binding agreement with NOVO Mania Limited, the organiser of NOVOMANIA, to acquire this annual urban fashion event in Shanghai. Upon completion, UBM will own 60% of a joint venture company, with NOVO ...
The Turkish company Orim has been part of SCHOTT Flat Glass BV, the leading supplier of tempered flat glass products for the white goods industry, for ten years now. During this period, SCHOTT Orim has managed to double its sales, ...
Tags: Schott Orim, Flat Glass BV
UK-based bakery products manufacturer Finsbury Food has sold its free-from bakery business to Scottish firm Genius Foods for pound 21m, as part of its efforts to focus on core cake and bread businesses. The sale includes two subsidiaries ...
Tags: bakery products manufacturer, Finsbury Food, free-from bakery business