The worldwide wearable market reached a new all-time high as shipments reached 33.9 million units in the fourth quarter of 2016, growing 16.9% on year. Shipments for the entire year grew 25% as new vendors entered the market and previous ...
Tags: wearable market, smart wearables
As LED market penetration rate continues to increase, global LED market growth has slowed down in recent years. In China, domestic LED chip manufacturers have exceeded a dominant 70% market share. In addition, global companies have ...
Tags: LED industry, LED chips
Packaging and paper producer Mondi is set to invest in its Mondi Simet plant near Pozna, Poland to strengthen its heavy duty corrugated capabilities in Europe. The investment will see installation of a 2.8m corrugator with three single ...
Tags: Mondi, Packaging paper
Bonduelle has agreed to acquire Ready Pac Foods, the US producer of convenience fresh meal solutions, salads and fresh cut produce. The transaction is expected to close by the end of March 2017 following routine regulatory reviews and ...
Tags: Bonduelle, Ready Pac Foods
Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...
Tags: Glanbia, Premier Milk
Mars Symbioscience, the health and life sciences venture of confectionery giant Mars, has launched a new cocoa extract food supplement in the UK and Ireland. The food supplement product, CocoaVia, has been made available for online ...
Tags: Cocoa Extract, Extract
American food giant Tyson Foods has made a commitment to use only chicken with “no antibiotics ever” (NAE) in its consumer branded products. The commitment was announced by Tyson Foods president and CEO Tom Hayes while ...
Tags: Tyson Foods, Chicken Products
US-based Danimer Scientific has agreed to develop biodegradable film resins to help PepsiCo’s global food and beverage business meet the sustainable flexible packaging requirements. As part of the deal, Danimer will develop the film ...
Tags: Danimer Scientific, Film Resins
Daimler is planning to open a new facility in Russia for the production of Mercedes-Benz cars. At Esipovo Industrial Park, about 40 kilometers northwest of Moscow, a flexible production of SUVs and the E-Class Sedan will be established. ...
Tags: Daimler Plans, Passenger Car
Cascades Sonoco, a joint venture of recycled fibre packaging company Cascades and Sonoco, is planning to invest approximately $16m at its facility in Birmingham, Alabama, US to support development of new product line. The investment at ...
Tags: Cascades, fibre packaging
CCL Industries, a world leader in specialty label and packaging solutions for global corporations, government institutions, small businesses and consumers, reported record fourth quarter and annual financial results for 2016. Sales for ...
Tags: CCL Industries, specialty label, packaging
Trillium, which aims to close the cyber-security gap threatening self-driving cars, has completed its Series A financing round with investments by Global Brain, Mizuho Capital and DBJ Capital. Tokyo-based Trillium designs and provides ...
Tags: Trillium, Driverless Car Security
US-based Embark has unveiled its self-driving truck technology to the public. The company—which gained approval by the State of Nevada earlier this year to begin testing its truck on public roads—has created a technology that ...
Tags: Self-Driving Truck, Embark
Advantis has unveiled plans to purchase an advanced and large machine from N2Pack, as part of its efforts to improve its operational efficiencies. Currently, the company is negotiating with N2Pack to acquire more advanced Amstercan ...
Tags: Packaging Machine, packaging
Canadian consumer packaged meats firm Maple Leaf Foods has agreed to acquire American refrigerated plant-based protein foods manufacturer Lightlife Foods from Brynwood Partners VI for approximately $140m. Maple Leaf will finance the ...
Tags: Maple Leaf, Lightlife Foods