International Paper, a US based pulp and paper company, has signed an agreement to divest its corrugated packaging business to Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for approximately $150m. Under the terms of the ...
Gimv has announced that its Belgain company Punch Powertrain has been 100% acquired by Chiense Yinyi group. The valuation agreed upon in the context of this transaction indicates that the contemplated sale could have a positive impact of ...
Tags: Gimv, Yinyi group, Punch Powertrain, Aquisition
An Asian collector snapped up three seated Buddha statues from China's Ming Dynasty at a French auction on Saturday with more than 6.29 million euros(nearly $7 million), breaking the auction record of its kind. The Buddhas are seated ...
Tags: Buddha Statues, French auction
Adidas Group reported a narrower loss in the fourth quarter as gross margins expanded and currency-neutral sales jumped 12 percent, driven by accelerated momentum at both Adidas and Reebok. On a currency-neutral basis, sales grew 16 percent ...
Tags: Adidas Group, Reebok
Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...
Tags: low milk prices, Murray Goulburn
The recovery in air freight volumes from a weak first half of last year continued into 2016, although subdued underlying global trade conditions suggest another modest year for volumes growth, reports the IATA. Ongoing strong capacity ...
Tags: IATA, Solid, Air Freight
Deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany has reported full-year revenue for 2015 of €197.8m, up 2% on 2014's €193.8m. Contrary to expectations, San'an Optoelectronics Co Ltd (China's largest ...
Lee & Man Paper Manufacturing ,one of the containerboard manufacturers in China, announced its annual results for the twelve months ended 31 December 2015. During the period, the Group recorded a total sales volume of 5.44 million tons, a ...
XCMG XDA40 articulated dump truck was rolled off production line successfully in February, 2016. This king of dump truck was designed by business division according to the production structure and developing plan on the basis of the demand ...
Tags: dump truck, truck
Mars chocolates manufactured in Australia has not been impacted by a global recall impacting 55 countries. Chocolates manufactured in Mars’ Netherland production facility have today been recalled after a small piece of red plastic ...
Tags: Mars Chocolate Recall, chocolates
ASIA APPAREL EXPO-BERLIN is the sourcing tradeshow for apparel production and the only business event in Europe exclusively for ASIAN clothing manufacturers and fabric suppliers to connect with European brands. If you ...
Tags: Footprints
2 Sisters Food Group is reportedly negotiating to sell its Fox's Biscuits unit to Burton's Biscuits, which is owned by Ontario Teachers' Pension Plan. The sale, which is being advised by Rothschild could bring the valuation of 2 Sisters ...
Tags: 2 Sisters Food, Biscuits
The exporting volume of special-purpose trucks was 17,116 sets in 2015, according to the statistics. The increasing scale was down compared with the same period of last year. The exporting volume of special-purpose trucks increased by 1.28% ...
Tags: special-purpose trucks, Trucks
Togo's Eateries has introduced the all new line up of SANDWICH WRAPS featuring the Bacon Chicken Ranch and Spicy Asian Pork Wraps. At $5 each for a limited time only, Togo's Sandwich Wraps deliver BIG, FRESH and MEATY awesomeness at an ...
Tags: Sandwich Wraps
Standard & Poor’s Ratings Services has explored the 2016 outlook for the global shipping industry and believes that global shipping companies, and drybulk and containership operators in particular, will continue to face difficult ...
Tags: Shipping Industry, drybulk