BMW is planning to invest up to €500m on new car technologies over the next 10 years via its i Ventures division. The automaker will use the money to back startups working on areas including autonomous driving and digitalisation, and ...
Tags: BMW, BMW i Ventures
Volkswagen has unveiled its Transform 2025+ strategy, further detailing the company's plans for the decade ahead. This plan aims to reduce the capex ratio and the development cost ratio to a competitive level in the next few years – ...
Tags: Volkswagen, Electric Car
Growing number of Chinese smartphone makers are raising investments in OLED panels, including BOE Technology Group and six other major local players have constructed new factories and invested in total more than 2 trillion Japanese Yen (US ...
Tags: OLED Market, LCD
Bosch is planning to invest nearly EUR400m in the US over the course of the current year, about one-fifth more than in 2015. Bosch’s headcount is also expected to rise, from 17,800 associates at present to more than 18,800 by early ...
Confectionary giant Mondelez's Malaysian subsidiary has announced to invest MYR21m ($4.7m) to expand production of the belVita line of breakfast biscuits at it manufacturing plant in Johor state. The expansion is to boost its supply of ...
UK food producer Cranswick has acquired Northern Irish pork processing business Dunbia Ballymena for an undisclosed amount. Cranswick purchased the entire issued capital of Dunbia Ballymena’s pork business for cash. Dunbia ...
Tags: Cranswick, food producer
Mercedes-Benz said it will manufacture the first production model of the new EQ product brand at its Bremen plant in Germany by the end of 2020. The production model will depend on the EQ show car – an electric vehicle with the ...
Tags: Mercedes-Benz, Electric Car
FCA US will be investing $10.4m in a new Mopar parts distribution center located at Romulus, Michigan, US. The new facility will encompass 500,000 square feet and more than 100 workers. Preliminary construction work has already begun on ...
Tags: FCA US, Mopar parts
Swedish packaging firm Tetra Pak is set to invest around $110m to build a new regional manufacturing facility in Vietnam. Expected to begin operations in the first quarter of 2019, the new facility will be situated near Ho Chi Minh City. ...
Apple is considering creating a pair of digital glasses that offer an augmented reality experience, according to a new report. The iPhone maker’s project is still in the “exploration phase” according to Bloomberg, which ...
Tags: Apple, digital glasses
Axalta Coating Systems will build a new manufacturing plant in Nanjing, China, where high-performance automobile, commercial vehicle and industrial coatings will be produced. The facility will be built on more than 170,000 m2 of land ...
Tags: Axalta Coating Systems, Coating
Daibochi Flexibles, a wholly-owned subsidiary of Daibochi Plastic and Packaging Industry, has signed a memorandum of agreement (MOA) with Myanmar Smart Pack Industrial Company to tap into the growing consumer packaging market. As part of ...
Tags: Daibochi, Smart Pack, Flexible Packaging
Intertape Polymer Group Inc., released results for the third quarter ended September 30, 2016. Third Quarter 2016 Highlights (as compared to third quarter 2015): Revenue increased 3.0% to $206.6 million primarily due to the ...
Honda has announced $53m investment in Central Ohio facilities to strengthen North American operations. The 38,000 square foot Ohio Data Center will join a similar facility near Denver, Colorado, in housing key information technologies ...
Tags: Honda, Facilities
Stora Enso has finalized the co-determination negotiations regarding the consolidation of manufacturing of corrugated packaging in Finland. Stora Enso’s corrugated packaging plant in Heinola will be closed permanently and packaging ...
Tags: Stora Enso, Corrugated Packaging