Avery Dennison Corporation announced preliminary, unaudited results for its fourth quarter and year ended January 2, 2016. All non-GAAP financial measures referenced in this document are reconciled to GAAP in the attached tables. Unless ...
Tags: Avery Dennison, PSM sales
Ningbo Joyson, a Chinese company that produces automotive and industrial electronics equipment has acquired US based airbag maker Key Safety Systems (KSS) for $920m. KSS is a Michigan-based engineering safety products supplier of ...
Tags: airbag, Ningbo Joyson
Shipments of smartphones in China grew 11.5% sequentially to 119 million units in the fourth quarter of 2015, buoyed by an increase of 54.5 million new 4G/3G service subscribers due to preferential packages launched by China Mobile, ...
Tags: Smartphone, Huawei, Lenovo
Omnitracs, a global pioneer of fleet management solutions to transportation and logistics companies, announced the introduction of Intelligent Vehicle Gateway (IVG) – brand new, cutting edge technology designed to spearhead the next ...
Nissan is planning to invest £26.5m to produce next generation electric vehicle (EV) batteries at the company's advanced lithium-ion battery manufacturing plant in Sunderland, UK. The proposed investment expects to save 300 jobs ...
Tags: Electric Vehicle, Batteries
Design and packaging firm Graphic Packaging International has agreed to acquire 100% of Australian folding carton supplier Colorpak. Under the agreed terms, Graphic Packaging would pay $0.68 per share inclusive of a fully franked dividend ...
Tags: Graphic Packaging, Folding Carton
The consumer drone market continues to exhibit dramatic growth as users look to use them to enrich their pastimes and activities. According to ABI Research, more than 90 million consumer unmanned aerial vehicles (UAVs) will ship during ...
Tags: consumer drone, drone market
With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...
Tags: oil product, bitumen
China will continue to be a driver of global economy as it has sufficient investment opportunities and internal resources, a leading Chinese economist said Tuesday. "China will continue to grow economically and continue to be the main ...
Rescuers are preparing to attempt to reach to 8 of the 17 miners trapped underground for a seventh day, following the collapse of a gypsum mine in Shandong Province. The drilling of the third and the fourth relief holes is underway, which ...
It's been revealed Chinese property developer Vanke may be poised to try to issue new shares as part of an acquisition. In a filing to the Hong Kong's stock exchange, Vanke says it’s considering acquiring a company in a share and ...
Tags: Vanke, New Shares
China is going to include another six destinations in its tax rebate scheme for overseas visitors, with an aim to boost its inbound tourism and consumption. Foreign tourists visiting Liaoning, Anhui, Fujian, Sichuan, Tianjin and Xiamen ...
Taiwan's leading machine-tool makers including AWEA and Goodway predict missed 2015 revenue targets.Taiwan's leading machine-tool makers, including AWEA Mechantronic Co., Ltd., Goodway Machine Corp., Kao Fong Machinery Co., Ltd., and ...
Tags: AWEA Mechantronic, Goodway Machine Corp, Processing Machinery
Tongtai continues to build sales of aircraft-making machine tools. (Pictured is group chairman, R.X. Yen)The Tongtai Group of Taiwan estimates machine tools for making aircraft parts to rise to account for 10 percent of its revenue by 2016, ...
Tags: Tongtai, aircraft parts, Manufacturing
There will be an estimated 54 million DIY motherboards shipped globally in 2015, decreasing 21.7% on year, according to Taiwan-based supply chain makers. Asustek Computer and Gigabyte Technology, the two largest vendors, will each ship ...
Tags: high-end models, China market, Motherboards