US-based chicken producer Pilgrim’s Pride has announced to invest $190m in a strategic growth plan to expand production of Pilgrim’s Pierce Chicken brand. The growth plan, which was initiated in the fourth quarter of 2015, ...
Tags: Pilgrim's Pride, prepared foods
The government of Neuquen, a southwestern province of Argentina, said Monday it has approved ExxonMobil's investment plan for developing shale resources in the Bajo el Choique and La Invernada blocks. The company will work with Gas y ...
Tags: shale, GyP, natural gas
2 Sisters Food Group plans to invest £150m into its poultry unit, an announcement that comes a few days after the Birmingham-based company stated that it intends to invest £55m into its ready meals business. The investment ...
Tags: Poultry Business, poultry unit
Vice Premier Ma Kai and Vice President of European Commission Jyrki Katainen co-chaired the 5th China-EU High Level Economic and Trade Dialogue in Beijing on September 28. Ma Kai said this year marks the 40 anniversary of the ...
Tags: China-EU High Level Economic and Trade Dialogue, world economy
Automobile major Fiat Chrysler Automobiles (FCA) is on the verge of taking a final call on whether to divest its auto parts wing Magneti Marelli in the face of potential buyers expressing interest. Two private equity funds based out of ...
Tags: automobile manufacture, auto parts, FCA
Automobile major Fiat Chrysler Automobiles (FCA) has drafted $280m investment plan for funding the production of new Jeep vehicle as part of its joint venture Fiat India Automobiles, floated with Tata Motors. The amount will be for its ...
Tags: Fiat Chrysler Automobiles, automobile parts, new Jeep vehicles
German automaker Volkswagen has inked an agreement with Chinese joint venture partner SAIC Motor for expanding its main Shanghai Volkswagen (SVW) plant in Anting for electric vehicle production in China. The agreement was inked between ...
Tags: Electric Vehicle
Automobile major General Motors (GM) will pump in $119m in tools and equipment to boost the component output for its future vehicles at its Grand Rapids operations unit in Michigan, creating around 300 employment opportunities. The ...
Tags: Auto Parts, GM
SPC Ardmona, an Australian fruit packing company owned by Coca-Cola Amatil, has opened the phase I of the $100m modernisation and renewal project at its fruit processing plant in Shepparton, Australia. The new SPC snack line at the ...
Tags: SPC Ardmona, fruit packing
New Belgium Brewing Company has completed the construction of its Asheville Distribution Center, which is likely to start shipping beer by the end of this year. New Belgium will distribute beer across East Coast markets from the newly ...
Tags: New Belgium Brewing, beer
About 85 percent of U.S. businesses in China are still "optimistic" or "slightly optimistic" in their five-year outlook despite an economic slowdown and rising costs, showed a report on Wednesday. There is continued confidence in business ...
Tags: economic slowdown, economic growth
The Prime Minster of Egypt, Ibrahim Mehleb, recently held meetings to discuss the issues of the cotton and textile industry, and announced that the Egyptian Government has decided to support the revival of the textile sector, Daily News ...
Tags: Cotton Textile, textile industry, Textile
Taiwan's leading machine-tool makers are accelerating their investment plans to alleviate the problem of insufficient production capacity, despite the hazy business outlook for 2015. The Tongtai Group's board of directors recently ...
Tags: machine-tool, Machinery
Illinois-based KapStone Paper and Packaging will spend about $115m at its Cooper River site to modernise three papermaking machines and to make other improvements for increasing the capacity and efficiency. In a statement released on ...
Tags: papermaking machines, Agriculture
Vision Paper and Board, a paper and board supplier for the packaging industries, has entered into a partnership with high-quality packaging grade Tamfold. Tamfold, which is a part of the Stora Enso group, offers its products to companies ...