General Motors has announced the exit of its Opel brand from Russia market by December 2015 as well as planned an overhaul of its entire business model in the country. Apart from taking off its Opel brand, the company will also minimize ...
Tags: Motor, Business Model, Auto Parts
Pearl River Delta cities spend big on updating manufacturing model, reports Qiu Quanlin. An increasing number of companies in Dongguan and Foshan - two major manufacturing cities in the Pearl River Delta in Guangdong province - have been ...
Tags: Smart Equipment, Robot Technology
China-based sapphire makers Biel Crystal Manufactory and Lens Technology, in view of growing adoption of sapphire optical applications in wearable devices and smartphones, have expanded production capacities, according to industry sources ...
Tags: Sapphire, Lens Technology
Vista Outdoor Inc., the parent of Bushnell, Federal Premium, Savage Arms, Primos, Blackhawk! and Boll, named Michael Pici to serve as its vice president of investor relations. "We're excited to have Michael join Vista Outdoor as Vice ...
Brown-Forman is planning to invest an additional $20m to restore its Old Forester bourbon brand. Last year, the company had allocated $30m to establish a new distillery in Louisville, Kentucky, to produce Old Forester, which sold only ...
The European Commission (EC) has given its approval for the acquisition of Austria-based Constantia Flexibles by French investment group Wendel Group for €2.3bn ($2.8bn). Constantia Flexibles specialises in producing foil, paper ...
Tags: Constantia Flexibles, plastic-film packaging, packaging
Stadium Capital Management, LLC (SCM) said it has notified Big 5 Sporting Goods Corp. that it will nominate three "highly qualified, independent candidates" to serve on the retailer's board at Big 5's 2015 annual meeting expected to be held ...
Tags: Big 5, Proxy Battle
Egypt has signed two investment agreements worth $6bn in a bid to develop a global logistics centre for grain handling and a city of commerce and shopping project. DN Egypt reported citing country's supply minister Khaled Hanafy that the ...
Tags: grains, basic food commodities trade, wheat
US Agriculture Secretary Tom Vilsack has announced $96.8m in grants to fund projects designed to support specialty crop producers, local food entrepreneurs, and farm to school efforts. This new funding is part of USDA efforts during ...
Fortune cookie maker Wonton Food is reportedly looking to strengthen its manufacturing capabilities with a new $20m facility in La Vergne, Tennessee, US. The company is also considering Houston and New York as alternate sites. The ...
Mumbai-based private equity firm Kedaara Capital has forayed into the packaging sector by investing close to $32m (Rs 200 crore) in an unlisted folding cartons and paper packaging company, Parksons Packaging. The company said that it ...
Tags: folding cartons, paper packaging, Packaging
The government of India and the Central Asian Republic of Kyrgyzstan have signed a memorandum of understanding (MoU) on cooperation in the textiles sector. The MoU seeks to strengthen bilateral cooperation in three fields: textiles and ...
Tags: Textile Sector, bilateral cooperation, textiles, clothing
US based Red Bone Alley Foods is set to invest $3.5m in order to expand its food production operations in Florence County, South Carolina. This new investment will be used in to establish sauce, marinade and spice production ...
Tags: Red Bone Alley Foods, sauce, marinade
Foreign direct investment (FDI) in the Chinese mainland jumped 17 percent year on year in the first two months of 2015, settling at 22.48 billion U.S. dollars, the Ministry of Commerce (MOC) announced Tuesday. The pace slowed from a 29.4 ...
Tags: China's FDI, service sector
Investment flows from China to South Korea surged 374 percent last year to $631 million as Chinese companies moved to expand their presence and options in the global market. The figure was announced on Monday by the Mergermarket Group, a ...