Scholle has announced the sale of its Vacumet Plastics Division in Austell, Georgia to Indian Polyester film producer Polyplex’s US subsidiary, as part of an agreement. The acquisition, which is expected to close in July 2012, is ...
Tags: Vacumet Plastics, packaging solutions, bag-in-box packaging
US-based food company General Mills has announced its plans to fuel growth in the US and around the world in the company's new fiscal year. The company expects fiscal 2013 to be another year of growth,with sales and profit increases on ...
Tags: fuel growth, sales, profit, HMM
Japanese car maker Nissan and its Chinese joint venture Dongfeng Motor are planning to invest CNY2bn ($315m) in the Xiangyang plant in Hubei province of China to produce two Infiniti models from 2014. Xiangyang plant currently produces ...
Tags: Nissan, Teana models, Murano models, Infiniti cars
Polaris Industries has entered into an agreement with Eicher Motors, Indian commercial vehicle and motorcycle manufacturer, to form a 50-50 joint venture (JV) company. The new JV will invest $50m to develop and market new products in ...
Tags: Polaris, Eicher Motors, commercial vehicle, motorcycle, new JV
At the end of 1H2012 –from the 1st of February to the 31st of July-, Inditex had net sales of 7.2 billion euros, 17 % more than the same period from last year. Like-for-like sales have increased by 7%. During this period, the ...
Tags: Inditex, Spain, investments
Saudi Arabia's non oil economy is expected to witness robust growth of 7.5% in 2012 on the back of continued high government expenditure and increased domestic demand. The Citi Research report Prospects said that the approval of the long ...
Tags: Citi report, oil industry, oil
German carmaker Audi will build its new plant in San José Chiapa, in the State of Puebla, Mexico. Construction work of the automaker's new Mexican plant is expected to start in mid-2013, while production is scheduled to commence in ...
Tags: Audi, new Mexican plant, Q5 SUVs, german carmaker
German sports car manufacturer Porsche has reported 16% rise in its worldwide sales to 12,391 vehicles in July 2012, compared to 10,722 vehicles for the same period in 2011. The company sold a total of 81,562 vehicles in the first seven ...
Tags: Porsche, sales rise, 2012
London copper rose near a one month high early after lenders secured an aid deal for Greece boosting the euro and building on confidence about global demand for the metal sparked by signs of an economic revival in top consumer China. ...
Tags: copper, copper price, IMF, Greek Debt Deal
Czech carmaker Skoda Auto, a unit of Volkswagen Group, is planning to invest INR300 crore ($56.25m) in Indian operations to increase localisation and expand production. According to Skoda, the investment will be utilized to enhance ...
Kongsberg Automotive (KA) has received two contracts worth EUR10.4m to supply lumbar support systems and seat actuation cables for an American and a Japanese OEM respectively. The contracts are for a five-year model lifetime of two cars ...
Tags: kongsberg automotive, lumbar support systems, seat actuation cables
Benefitting from the huge demand in the field of aerospace, energy, electronics and metal welding, the laser market maintained rapid growth in 2011, though the global manufacturing industry was sluggish. The global laser sales hit USD7.46 ...
Tags: Laser Equipment and Processing Industry, laser processing services
The KION Group has today acquired Voltas Limited’s 34% minority shareholding in Voltas Material Handling Pvt. Ltd. (VMH). VMH was founded jointly by the KION Group and Voltas Limited in May 2011. The KION Group has now become the sole ...
Tags: KION Group, diesel trucks, LPG trucks, electric forklift trucks
Reuters reported that London copper was steady and set to log a second week of gains after recent data fuelled hope that the Chinese and US economies have finally turned a corner but the Thanksgiving holiday in the United States drained ...
Tags: London Copper, copper, Chinese and US economies, Thanksgiving holiday
Cytec Industries Inc. has completed capacity expansions at two manufacturing sites for Cyasorb light stabilizers. In North America, the manufacturing expansions in Willow Island, West Virginia, offers additional capacity to support the ...
Tags: Cytec, Stabilizers, Expansion, Investments