Mitsubishi Heavy Industries (MHI) has unveiled a new turbocharger manufacturing plant in the city of Franklin in Indiana, US. The move comes as the company anticipates increasing demand for turbochargers in the North American market in ...
Swedish automaker Volvo Cars has chosen South Carolina for its first American plant that would be built at an investment of $500m with an initial annual installed capacity of 100,000 vehicles. Banking on the US' potential for housing ...
Tags: Volvo, automaker, Volvo Cars
Mercedes-Benz has completed construction of a crash test facility at its Sindelfingen site in Stuttgart, Germany, said to be the world's most advanced. The new technology centre for vehicle safety (TFS) comprises a complete 90x90 ...
Tags: Mercedes-Benz, Crash Test, vehicle safety
Net sales for the first quarter ending March 31, 2015 slipped 9 per cent over the prior year first quarter at American Apparel, Inc., a manufacturer, distributor and retailer of branded fashion basic apparel. An American Apparel press ...
Food testing services provider Eurofins Scientific has agreed to acquire 65% majority stake in Vietnamese food testing company Sac Ky Hai Ang (EDC-HD) for an undisclosed amount. EDC-HD, a merger between the Ho Chi Minh City Center of ...
Tags: Food Testing, Eurofins Scientific
Confectionery producer Kinh Do is planning to build a new instant noodle plant worth $30m in northern province of Bac Ninh, Vietnam, under a partnership with Saigon Ve Wong. Both the companies have signed an agreement to form a joint ...
Tags: Kinh Do, Confectionery, Candy
China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity ...
Work to convert existing Cargill Blair manufacturing facility to produce next-generation stevia sweeteners has commenced, under a partnership between Evolva and Cargill. Evolva will continue with the option to acquire a 45% stake in the ...
Tags: Evolva, Stevia Sweeteners
Low-fat snacks producer SnackWell's, which was recently acquired by Back to Nature Foods, is planning to reformulate its products by eliminating several ingredients, as well as expand its product range. The company plans to produce its ...
British alcoholic beverages company Diageo has invested $5.33m for a new canning line in Canada, which distills and bottles a variety of Diageo brands. Diageo is expanding its canning facility in Valleyfield, Quebec, with the addition of ...
Tags: alcoholic beverage, Packaging
German sports car major Porsche Cars North America (PCNA) has opened $100m experience center and headquarters in Atlanta, Georgia, with a view to expand its footprint across the US. In what has been billed as the highest investment ...
Tags: Porsche, sports car
Processed food packaging company Sopakco will expand its operations in Marion County, South Carolina, by installing a new fitment pouch line. The expansion will see around $4.5m in investment, creating 56 new jobs, and will take place at ...
Tags: Sopakco, Fitment Pouch Line
Mamee TGU Factory, a joint venture between Mamee-Double Decker Sendirian Berhad and Top Golden Universe (TGU), will construct an instant noodles and snack foods factory at the Industrial Valley in King Abdullah Economic City (KAEC), Saudi ...
Tags: Instant Noodles, Snack Foods
Vasari Global, along with Ethiopian entrepreneur Solomon Wondimneh and his company Ahadu, has opened phase I of a new food production facility in Ethiopia which is valued at around $150m. The launch marks capital deployment of $36m ...
UK-based establishment McColgan's Quality Foods is planning to invest in new equipment and a packing and dispatch facility in County Tyrone, Northern Ireland. The £7.3m investment is expected to increase the company's export sales ...