German truckmaker Daimler Trucks has announced plans to invest BRL1bn ($458.6m) in commercial vehicle plants of its Brazilian subsidiary Mercedes-Benz do Brasil in the next two years. The investment will used in the research and ...
Tags: Daimler Trucks, Commercial Vehicle
China has introduced measures to curb photovoltaic overcapacity while seeking to expand domestic deman. China has put forth new rules to tackle overcapacity in its solar power industry. A document released by the Ministry of Industry and ...
Tags: Solar Power, Chemicals
Motorola Solutions, a leading provider of communication solutions and services for enterprise and government customers, has announced the results of a research study that details shifts in the plans of warehouse professionals across several ...
Tags: Motorola, Processing Machinery
State's support for new environmental initiatives promotes emerging sectors China's investment in renewable energy will bring vast opportunities and challenges for the country's overall development, a senior official said at a recent ...
Tags: renewable energy, Metallurgy, Mineral, Energy
Chang Wah Electromaterials (CWE) announced recently it will withdraw from Top Energy Saving System's (TESS) board. CWE planned to take over TESS management and acquire the company, but the merger deal has been called off since TESS former ...
Turkish pipemaker Özbal Çelik Boru has announced its financial results for the second quarter and the first half of 2013. In the second quarter, Özbal registered a net loss of TRY 3.93 million ($2.03 million), compared to ...
Tags: Pipe Producer
The All Pakistan Textile Mills Association (APTMA) has sought duty-free access to the US market for finished items. If the duty-free facility is provided, Pakistan can increase its exports by US$ 10 billion through conversion of yarn ...
Tags: APTMA, US, Duty-Free Access
Airline IT departments are set to invest in business intelligence (BI) and mobile solutions over the next three years, in an effort to personalise passengers' air travel experience. That's according to SITA's fifteenth annual Airline ...
Tags: Airline IT, BI
The Inditex Group generated net sales in the first quarter of 2013 (1 February to 30 April) of 3.6 billion euros, growth of 5% year-on-year. Net income amounted to 438 million euros, 2% more than in the first quarter of 2012. Highlights: ...
Tags: Inditex Group, Apparel
Total E&P Indonesie expects the giant Mahakam gas block's proven reserves to fall to 2.7-3 Tcf by 2017 and plunge further to 1.3-1.6 Tcf in 2018 due to natural depletion, a company official said Thursday. "At the end of 2012, the ...
Better than expected economic data provided a cushion for the Australian dollar yesterday, with a sharp rebound in home building and still-resilient corporate investment plans easing the need for the central bank to cut rates again. But ...
Tags: Aussie Dollar, RBA
Business cash flow has slowed this year, placing further strain on a range of industries already experiencing low confidence because of weak trading activity and high operating costs. Businesses are waiting nearly eight weeks to be paid ...
Tags: Service
After a torrid trading week that saw more than $30 billion wiped off local stocks and the Australian dollar slide further, investors will be hoping for some economic cheer from China this week to offset further confirmation that Australia's ...
Nestlé India, a subsidiary of Swiss food giant Nestlé, is set to invest INR2.5bn ($45.4m) to upgrade its existing milk processing facility at Moga, Punjab over the next two years. As part of the project, the company will ...
Tags: Nestle, Milk Processing Facility
Australian businesses will keep cutting their spending this year, with expectations for capital investment, employment and new credit set to fall further. The deteriorating outlook for the September quarter suggests that despite pockets ...