US-based packaging company Sonoco will acquire a majority interest in Brazilian flexible packaging business Graffo Paranaense de Embalagens for an undisclosed amount. Located in Pinhais, Curitiba, Graffo specialises in producing flexible ...
The future looks bright for electric cars in China amid rapidly fluctuating gasoline prices and huge investments by the government to promote use of clean energy, industry sources said on Monday. However, inadequate battery technologies ...
Tags: Electric Cars, Battery Production
As China's financial environment has deteriorated, the performance of its financial leasing industry has been mixed. Financial leasing companies associated with banks have continued to receive adequate liquidity, especially because banks ...
Tags: Bank, Financial Leasing Industry
Organic products manufacturer Hain Celestial has acquired 80% stake that it does not currently own in EK Holdings and its wholly-owned subsidiary, Empire Kosher Poultry for $57.6m. Empire currently offers a full range of kosher ...
Tags: Agriculture, Food, Organic products food
Japanese trading company Itochu has decided to sell its stake in China Foods Investment (CFI) in an effort to make a $10.4bn investment in Chinese state-owned firm Citic. The company will now sell its 74.1% shares in Chinese food unit ...
Tags: Foods Investment, CFI
For full-year 2014, specialty metal and chemical products firm 5N Plus Inc of Montreal, Québec, Canada has reported revenue of $508.2m, up 10.7% on $459m for 2013. 5N Plus provides purified metals such as bismuth, gallium, ...
Tags: 5N Plus, Commodity Pricing
Automotive component supplier Cooper-Standard has completed the purchase of Huayu Automotive System’s shares in Huayu-Cooper Standard Sealing Systems, the company’s Chinese joint venture. The purchase has made Cooper-Standard ...
Kishore Biyani led Future Lifestyle Fashions Limited said it has hiked its stake in ethnic products firm Industree Crafts Pvt Ltd from 63.34 per cent to 72.16 per cent. Future Lifestyle Fashions Limited (FLF), the apparel and accessories ...
Tags: ethnic products, Apparel
Italian coffee maker Luigi Lavazza has sole rights to consider the acquisition of Carte Noire coffee business from Mondelez International, as part of its contractual agreement with the latter. Lavazza was quoted by Reuters as saying: ...
Tags: Lavazza, Carte Noire Coffee
Keurig Green Mountain is planning to buy back more than 50% of Italian coffee maker Luigi Lavazza for around $624m. This comes as Lavazza is currently raising funds for the acquisition of D.E. Master Blenders' L'Or and Mondelez ...
Tags: Keurig Green, coffee
Automotive parts manufacturing company, Delphi Automotive has agreed to sell its wholly-owned thermal business to MAHLE for approximately $727m, as as part of its restructuring plan. The company said that the proceeds from the sale will ...
Tags: Delphi Automotive
Australian drinks company Coca-Cola Amatil Ltd’s underlying profit declined by a quarter (25.3%) to AUD375.5m ($292.8m) in the 12 months ending December due to drop in volumes of soft drinks. The firm's core brands saw dip in sales ...
France-based rice producer Marbour has agreed to acquire 100% stake in Canadian establishment MRRM. Both the companies have entered into a definitive agreement to this effect. MRRM mills, bags, packages, cans, processes, and sells ...
Tags: rice, Marbour, MRRM mills
Snyder's-Lance has launched a new snack food division - Clearview Foods – in a move to focus on making of better-for-you snacking options. Clearview Foods will work on enhancing the brand value of Snack Factory Pretzel Crisps, Eat ...
Tags: Snyder's-Lance, Snack Food
General Motors along with its Chinese venture SAIC Motor is planning to establish its manufacturing operations in Indonesia in an attempt to take advantage of vehicle demand in the country. SAIC Motor is a joint venture between GM China, ...
Tags: General Motors, SAIC Motor