Danaher Corp. and Eaton say they have completed the previously announced sale of Apex Tool Group to Bain Capital. Danaher and Cooper Industries each maintained a 50% joint venture ownership interest in Apex. Cooper Industries was acquired ...
Tags: Danaher Corp, Eaton, Apex Tool Group
Reportedly, US Steel planned to start up its US$400 million automotive sheet continuous annealing line at the company's PRO-TEC joint venture with Japan's Kobe Steel in the second quarter of this year. Currently, the company is working ...
Australia's National Offshore Petroleum Titles Administrator has offered the Shell-led Crux joint venture a five-year retention lease for production license AC/L9, located off the country's northwest coast. "The Crux JV will now ...
ScinoPharm and Foresee Pharmaceuticals have signed an agreement to form a joint venture for developing a series of peptide injectable drugs with the first being a new oncological Leuprolide injectable drug used for treating prostate cancer. ...
Brazilian miner Vale plans to reduce its 50 percent shareholding in Companhia Siderúrgica do Pecém (CSP), a slab making joint venture with South Korean steelmakers POSCO (20 percent) and Dongkuk (30 percent), according to ...
Tags: steelmakers, miner, Vale
Japanese carmaker Mazda is planning to invest about JPY26bn ($285.5m) to build a new automatic transmission manufacturing plant in the Chonburi Province of Thailand. The new Mazda Powertrain Manufacturing (Thailand) (MPMT) facility, with ...
Tags: Mazda, carmaker, automatic transmission manufacturing plant, Thailand
Singapore-based drinks and property group Fraser & Neave (F&N) has announced that all of its board members, including chairman Lee Hsien Yang, will resign next week, which will allow its largest shareholder Charoen Sirivadhanabhakdi to ...
Tags: drinks, board members, Fraser&Neave
Chery and Israel Corporation’s joint venture QOROS plans to release an electric vehicle (EV) before 2017. Volker Steinwascher, the vice president of QOROS, said to the media recently, QOROS plans to release an EV before 2017. QOROS ...
Tags: Volker Steinwascher, QOROS, electric vehicles, 2017
The U.S. Department of Justice and the Department of Homeland Security have asked for more time to consider Softbank's proposed takeover of Sprint Nextel, a move that may signal a rough road ahead for the US$20 billion deal. In a letter ...
Tags: Softbank, Sprint Nextel, Federal Communications Commission
Philips operational results improved by 50% to EUR 875 million, while net income was impacted by significant charges in Q4 • Deal signed to transfer Audio, Video, Multimedia and Accessories business to Funai Electric Co., ...
Tags: Philips, LEDinside, operational results
After hydro and thermal power, THDC India Ltd, a joint venture of the Government of India and the Government of Uttar Pradesh, is diversifying into solar energy business by investing Rs 800 crore in Uttar Pradesh. The ...
Tags: Solar Power, solar energy business, solar
Gildan Activewear Inc., Montreal, has finalized the acquisition of CanAm Yarns LLC — its 50-percent-owned yarn-spinning joint venture with Frontier Spinning Mills Inc., Sanford, N.C. — and is investing approximately $85 million ...
Tags: Gildan Activewear, acquisition, CanAm Yarns
Hinduja group subsidiary, Ashok Leyland is planning to launch the 5ton light commercial vehicles (LCV), passenger and compressed natural gas (CNG) versions of Dost in India. The company also plans to increase the LCV production by 30% ...
Tags: Ashok Leyland, light commercial vehicles, CNG versions, India
Japanese Toshiba Corporation and the US General Electric Company have announced to expand the strategic cooperation in the field of thermal power equipment, planning to set up a joint venture to develop and sell high-tech thermal power ...
Tags: Toshiba, GE, thermal power equipment, company news
Czech TPCA vehicle factory Joint venture by Toyota and Peugeot Citroen, expressed that its automobile production declined 20% last Year in the influence of European automobile market downturn. TPCA factory has 3,000 staff and its ...