Bangladesh Prime Minister Sheikh Hasina has requested buyers to raise the prices of readymade garments (RMG) so that RMG workers could lead a more comfortable life. The Prime Minister said this while inaugurating the first-ever ...
Tags: readymade garments, Apparel
Online and mobile payments worldwide are forecast to reach €3 trillion in the next five years, according to a report by Hamburg-based business intelligence organization yStats.com. Mobile payment is the growth leader, outpacing ...
Tags: outpacing online, Apparel
Indian multi-business conglomerate ITC has announced plans to invest around INR10bn ($161.4m) into dairy and juice businesses which are expected to be launched in the January-March quarter. The proposed capital will be invested in ...
Tags: Dairy, Juice Businesses, Agriculture
Pre-owned packaging and processing machinery Sigma Packaging is investing $5.51m to purchase and equip a new 231,000 ft2 facility in Evansville, Indiana. The expansion will help in creating around 43 new jobs by 2018. The facility will be ...
Tags: machine rentals, retrofits, upgrades, Agriculture
Molson Coors Brewing has announced plans to cut over 100 jobs at its brewery in Hampshire, the UK. The Hampshire brewery is expected to close at the end of May 2015. However, East Hampshire District Council said that it will support ...
Tags: brewery, Agriculture
Indian multi-business conglomerate ITC is planning to invest around INR10bn ($161.4m) into juice and dairy businesses, which are expected to be launched in the January-March quarter. The proposed capital will be invested in ...
Tags: manufacturing capacity, marketing, brand building, Agriculture
US-based Trident Seafoods has agreed to acquire the assets of Western Alaska Fisheries in Kodiak, Alaska, from Westward Seafoods. The acquisition includes Western Alaska Fisheries' plant in Kodiak with a capacity to process 45 million ...
Tags: Seafoods, Agriculture
Opel is closing down its Bochum plant in Germany after 52 years of operation as the company looks to streamline cost in its European unit. Previously the plant was employing 22,000 workers and until recently it had 3000 employees. ...
Tags: Bochum Plant, Auto
US based Cooper Tire is looking to move its production out of China following the sale of stake in a joint venture with Chengshan Group. Previously the dispute at the joint venture, Cooper Chengshan Tire Company in eastern Shandong, China ...
Tags: joint venture, Cooper Tire, Auto
HJ Heinz has announced plans to divest its frozen ready meals manufacturing site in Dundalk, Ireland, to The Authentic Food Company for an undisclosed sum. The Dundalk factory employs 155 people and produces the WeightWatchers from ...
Tags: Heinz, Frozen Ready Meals
Seven-year old company has established itself as the number one premium RC brand in the US. US toy firm Propel RC landed in the UK in October, and the company has told ToyNews that the UK is key to its international growth plans. The ...
Tags: customer service, premium products, Toys
Jaguar Land Rover commenced construction of its manufacturing facility in Rio de Janeiro, Brazil. Jaguar Land Rover has become the first British automotive company to invest in a manufacturing factory in Brazil. At first a new 60,000m2 ...
Tags: manufacturing facility, Auto
China's imports shrank unexpectedly in November while export growth slowed, fuelling concerns that the world's second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to ramp up stimulus measures. ...
Tags: export growth, economy
Genesco Inc. announced that James S. Gulmi, senior vice president and chief financial officer, has made the decision to retire from the role of chief financial officer at the end of its current fiscal year. Gulmi, who has served as ...
Tags: Succession Plans
Sportsman's Warehouse Holdings, Inc. completed the refinancing of its existing $235 million senior secured term loans at a lower interest rate and has increased the borrowing capacity under the terms of its revolving credit facility. These ...
Tags: Warehouse, Sporting Goods