Valmet has secured an order to deliver a complete tissue production line to Spain-based ICT Iberica. The new Advantage DCT 200HS tissue line will be installed at the company's mill in Burgo. It is expected to start operations in the third ...
Tags: Valmet, ICT Iberica
Apetit Group has agreed to divest its seafood business in Finland, Norway and Sweden to Insula for an undisclosed price. The divested seafood segment of Apetit is made up of Apetit Kala fish processing business which salmon and rainbow ...
As demand for LED end devices has resumed growth amid shortages of LED chip supply, China's LED makers have recently begun expanding their capacities and local governments are also planning new subsidy and investment programs to assist the ...
Tags: LED chip, LED packaging
French food group Danone has signed a binding agreement to sell its US dairy subsidiary, Stonyfield, to Lactalis for $875m. The price of the deal represents 20 times its earnings before interest, tax, depreciation and amortization ...
Installation rush in China ahead of June 30 is about to terminate, so trading volume has significantly dropped. For one thing, there is nearly no product for transaction in the market; for the other, it is meaningless to buy PV products ...
Tags: PV products, PV sectors
Packaging products and machinery manufacturer Intertape Polymer Group (IPG) has agreed to acquire Canadian Technical Tape (Cantech) for about $63m. Based in Montreal, Canada, Cantech is a privately-owned North American supplier of ...
Tags: Packaging products, machinery
Advent International backed Sovos Brands has agreed to acquire Rao's Specialty Foods, the owner of Rao's Homemade pasta sauce made from natural ingredients. The transaction is expected to be completed during the third quarter of this ...
Tags: Sovos Brands, Specialty Foods
LED lighting players have increased LED device inventory levels, and so global demand for LED chips and devices used in LED lighting is likely to decrease in the third quarter of 2017, according to industry sources. In view of growing ...
Tags: LED Devices, LED Lighting
Frigoglass SAIC has announced unaudited results for the first quarter ended 31 March 2017 First Quarter 2017 Highlights Sustained growth momentum in Europe driven by increased sales to Coca-Cola bottlers and breweries Double digit ...
Tags: Frigoglass, bottler
Multi Packaging Solutions (MPS) International has reported a net income of $10.8m, or $0.14 diluted earnings per share, for the third quarter ended 31 March 2017, compared to $3.8m, or $0.05 diluted earnings per share, for the same period ...
Tags: Multi Packaging, Packaging
Print and packaging provider Multi Packaging Solutions International (MPS) has acquired Paris Art Label for an undisclosed price. MPS had signed a letter of intent in March this year to acquire the American manufacturer of labels and ...
South Korean automobile manufacturer Kia Motors is set to enter the Indian car market by investing $1.1bn to build its first factory in the country. The company signed a memorandum of understanding (MOU) with the State Government of ...
Cree, Inc. on Tuesday reported financial results for its third quarter of fiscal 2017, ended March 26, 2017, which missed Wall Street expectations. Shares of Cree declined over 7% in after-hours trade. Revenue for the quarter was ...
Tags: Cree, LED Products
Supply of LED chips produced by China- and Taiwan-based makers has been tight and the situation will remain until the third quarter of 2017 when major China makers ramp up their new production capacity, according to China-based LED ...
Tags: LED chips, LED device
Cosmo Films has unveiled plans to install a new production line at its Waluj plant site in Aurangabad, located in the Indian state of Maharashtra. Cosmo Films will invest up to Rs250crores ($37m) to build the new production line, which ...
Tags: Cosmo Films, polyester