Toyota Motor Europe has announced a planned investment of £240m in its UK manufacturing facility at Burnaston in Derbyshire. The factory will be upgraded to allow the production of vehicles on the Toyota New Global Architecture ...
Tags: Car Manufacturing Plant, Toyota
OFD Foods, a supplier of freeze-dried food for the US Military, will expand its operations in New York State with a new $25m manufacturing plant in Monroe County. The company has selected Henrietta in Monroe County to build a new ...
Tags: OFD Foods, freeze-dried food
The UK government has announced a £23m funding for hydrogen vehicles infrastructure to speed up adoption. Hydrogen fuel providers will be able to bid for funding in partnership with organisations that produce hydrogen vehicles to ...
China is expected to become the world's biggest producer of semiconductor display panels around 2019, according to Li Dongsheng, chairman and CEO of TCL Corp. "As a major manufacturer of televisions and cellphones, we have a large demand ...
Tags: display panels, semiconductor
In response to increased material costs for aluminum substrates, copper foil, plastic and paper boxes for product transportation, China-based LED lamp and light bulb/tube makers will hike quotes by 5-15% and 8-15% respectively, according to ...
Tags: LED lamp, light bulb
Packaging and paper producer Mondi is set to invest in its Mondi Simet plant near Pozna, Poland to strengthen its heavy duty corrugated capabilities in Europe. The investment will see installation of a 2.8m corrugator with three single ...
Tags: Mondi, Packaging paper
Daimler is planning to open a new facility in Russia for the production of Mercedes-Benz cars. At Esipovo Industrial Park, about 40 kilometers northwest of Moscow, a flexible production of SUVs and the E-Class Sedan will be established. ...
Tags: Daimler Plans, Passenger Car
Cascades Sonoco, a joint venture of recycled fibre packaging company Cascades and Sonoco, is planning to invest approximately $16m at its facility in Birmingham, Alabama, US to support development of new product line. The investment at ...
Tags: Cascades, fibre packaging
Ford Motor said it will invest $1bn over the next five years in artificial intelligence company, Argo AI, to help put fully autonomous vehicles on the road by 2021. The two companies will develop the core technology of Ford’s ...
Tags: Ford Motor, Virtual Driver System
Sappi has announced plans to invest at its facilities in Europe and the US in a bid to increase capacities for packaging and specialty paper. In the next three years, the firm intends to invest $140m in equipment upgrades and production ...
Tags: Sappi, Packaging, Specialty Paper
Volkswagen has launched a new subsidiary designed to oversee $2bn in investments to promote zero-emission vehicles in the US. The new company, Electrify America, will be based in Reston, Virginia. It will invest in the construction and ...
Tags: Volkswagen, Zero-Emission Vehicles
Toyota said it will boost SUV production at an Indiana factory with a $600m investment, which could add 400 jobs. The investment is part of the company’s strategy of localisation to build vehicles where they are sold. It will be ...
China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
China’s National Development and Reform Commission (NDRC) officially released the full articles of the 13th Five-Year Plan, regulating the energy development roadmap and action plan from 2016 to 2020. For solar PV, the basic ...
Tags: low-carbon energy, solar PV
Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...
Tags: Electronics, electric vehicles