Haiti’s apparel sector has just got a shot in the arm. The International Finance Corporation (IFC), a member of the World Bank Group, has decided to invest $4 million to help The Willbes Haitian S.A., a subsidiary of South Korea-based ...
Tags: apparel manufacture, IFC, knits, sweaters, woven products, microfibers
Textiles minister Santosh Kumar Gangwar has said that given its employment and export intensity, the apparel industry plays a significant role in realizing the vision of ‘Make in India’, according to an official statement. His ...
Tags: Apparel Industry, Textile
Epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK has established a joint venture with Cardiff University to lead the development and commercialization of compound semiconductor technologies in Europe. IQE says that ...
Tags: electics, IQE, semiconductor
US automotive giant Ford Motor is planning to shift the production of Focus small cars and C-Max hybrid vehicles from its Michigan Assembly Plant near Detroit in 2018, to outside US. Even though the automobile major has not disclosed the ...
Tags: automobile, Ford Motor, auto parts, C-Max hybrid vehicles
Japan-based Sumitomo Rubber Industries (SRI) and Turkish firm Abdulkadir Ozcan Otomotiv have flagged off output at their tire manufacturing unit, set up through joint venture in the Central Anatolian province of ankr, Turkey. Under the ...
Tags: tire production, automobile accessories, tire business
Rigid plastic container manufacturer Plastipak Packaging, an arm of Plastipak Holdings, will pump in $9m for raising output capacity at its manufacturing unit in Pineville, Louisiana, in the US. The company, which makes rigid plastic ...
The government has said it has approved the first integrated national policy for developing skills and promoting entrepreneurship at a large scale with speed and quality. “The policy aims to align supply with demand, bridging ...
Pork producer and processor Smithfield Romania has secured $60m in loan from the International Finance Corporation (IFC) to expand its operations in the country. The loan amount will be spent on restructuring its debts and to expand its ...
Tags: Pork producer, Smithfield Romania
US automobile major General Motors (GM) will pump in $245 million at its Orion Assembly unit in Michigan to launch new vehicles, creating 300 employment opportunities. With this, the investment made in the manufacturing unit reaches ...
Tags: General Motors, Auto Parts
Snapdeal, one of India’s largest online marketplace has announced its partnership with the government of Himachal Pradesh to launch India’s first special e-commerce zone at Dharamshala in the presence of the state’s chief ...
Finnish pulp and paper maker Stora Enso is contemplating to close down its corrugated packaging converting facility in Chennai, India, due to lack of domestic market. Stora Enso, a firm engaged in renewable solutions in packaging, ...
Tags: Stora Enso, pulp, paper
Fisker Automotive and Technology Group (FATG), which was purchased by China-based Wanxiang last year following its bankruptcy, will come up with a manufacturing unit in California, US, to revive its Karma hybrid electric car. The new ...
Tags: Electric Car, Fisker Automotive and Technology Group, Karma Electric Car
Austria-based plastic packaging firm Greiner Packaging has grabbed 51% majority stake in Teknik Plastik and Teknik IML, both of them from the Ozata Group, capturing the market for rigid plastic packaging for dairy products in Turkey. ...
Tags: Greiner Packaging, Packaging
German automobile major Daimler is expanding in Latin America with a new bus plant in Funza in vicinity of Bogotá, Colombia, having an annual installed production capacity of 4,000. Sprawled over 11,000m2, the unit is witnessing ...
Tags: Daimler, Daimler Buses
Bangladesh has expressed concern over the US trade bill concerning the Trans Pacific Partnership (TPP) apprehending that a less developed country (LDC) like Bangladesh would lose its competitive edge in the American market due to ...
Tags: US trade bill, American market, Apparel