Toyota Motor Corporation (TMC), Sumitomo Mitsui Banking Corporation (SMBC), and SPARX Group (SPARX Group) have signed a memorandum of understanding to consider the establishment of a new investment fund aiming to encourage innovation and ...
Tags: automobile manufacture, vehicle technology, intelligent technology
UK-based Jiffy Packaging is investing in new extrusion technology to produce polyethylene foam of varied thicknesses. Acquired by Airpack in 2014, the firm aims to make mass market penetration with the new expansion. The firm will make ...
Tags: Jiffy Packaging, Polyethylene Foam
US automobile major General Motors (GM) will pump in $245 million at its Orion Assembly unit in Michigan to launch new vehicles, creating 300 employment opportunities. With this, the investment made in the manufacturing unit reaches ...
Tags: General Motors, Auto Parts
Natural snacks producer Live Better Brands will receive a minority growth-equity investment from Alliance Consumer Growth (ACG) to fuel its business expansion. The investment will be used by Live Better to boost product distribution ...
Tags: Natural snacks, Snacks
Australian establishment Lion has opened its expanded and upgraded specialty cheese manufacturing facility - The Heritage - in Burnie, Tasmania, which is said to be the largest in the Southern hemisphere. The specialty cheese facility ...
Tags: Specialty Cheese, Lion
Swedish automaker Volvo Cars has chosen South Carolina for its first American plant that would be built at an investment of $500m with an initial annual installed capacity of 100,000 vehicles. Banking on the US' potential for housing ...
Tags: Volvo, automaker, Volvo Cars
Andros Foods North America is planning to invest $73m to ramp up fruit processing capacity in Shenandoah County, Virginia, over the next three years, while creating 160 new jobs. The investment will be used to add production and ...
Colborne based food processing facility Ontario Agri-Food Venture Centre has received $225,000 to support the advancement of small batch food products grown in eastern Ontario, Canada. This funding will enable the firm to accommodate ...
Tags: vegetables, fruits, Food
Royal Philips has announced that it has signed an agreement with a consortium led by GO Scale Capital through which it will acquire an 80.1% interest in Philips' combined LED components and automotive lighting business, with Philips ...
Tags: automotive lighting, Philips, LED
Toy giant will move from country-by-country leadership structure to a pan-European approach to drive greater efficiencies across its European business. Toys R Us is taking ‘aggressive steps in the months ahead’ to achieve ...
Snack food maker Pure Foods is planning to build a new manufacturing facility in the city of Kingsport, Tennessee, a move that could create 273 new jobs. The proposed 88, 000ft2 facility will see an investment of around $22m and will ...
Tags: Pure Foods, snack, BRC
US based Red Bone Alley Foods is set to invest $3.5m in order to expand its food production operations in Florence County, South Carolina. This new investment will be used in to establish sauce, marinade and spice production ...
Tags: Red Bone Alley Foods, sauce, marinade
American chocolate manufacturer Mars’ Indian unit is planning to invest INR1,005 crore ($160m) to establish its first manufacturing plant in Pune, India. Mars International India has now signed a MoU with the government of ...
This includes new machinery in the Pack and Paper divisions comprising of a conversion machine that can return high-quality five colour cases in one pass. Following the addition of inter-unit driers Saica has the capability to manufacture ...
Swiss food major Nestle is planning to invest over EGP1bn ($137.93m) in Egypt over the next few years where food is considered as a fast-growing sector. The proposed investment will be used in manufacturing, new products and the ...
Tags: Nestle, nutrition, health industries, Agriculture