Pernod Ricard has completed the sale of Domecq brandies and wines to Bodega Las Copas, a joint venture between Emperador Group and González Byass, for €81m. The sale includes Pernod Ricard’s portfolio of brandies ...
Tags: Pernod Ricard, Wines
UK fresh fruit and veg supplier Fresca Group has formed a joint venture (JV) with Colombian Hass avocado grower Cartama. The joint venture company, dubbed Cartama UK, will handle the commercialization of the avocados produced by the ...
Tags: fresh fruit, Fresca Group
The triple-digit million euro order includes the supply of six reactor coolant pumps - type RSR 750 - each driven by a 10 000 V high-voltage motor with a rating of 6600 kW. The maximum flow rate of each pump and motor set is around 24 500 ...
Tags: Pump, Power Plant
Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...
Tags: Glanbia, Premier Milk
Cascades Sonoco, a joint venture of recycled fibre packaging company Cascades and Sonoco, is planning to invest approximately $16m at its facility in Birmingham, Alabama, US to support development of new product line. The investment at ...
Tags: Cascades, fibre packaging
Honda Motor and Hitachi Automotive Systems have signed a memorandum of understanding (MoU) to establish a joint venture company for developing, manufacturing and selling electric vehicle motors. The two companies now will conduct formal ...
Tags: Honda, Electric Vehicle Motors
General Motors (GM) and Honda are investing $85m each into a joint venture (JV) that intends to start mass production of hydrogen fuel cells by 2020. The JV, Fuel Cell System Manufacturing, will operate within GM's existing battery pack ...
Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...
Tags: Electronics, electric vehicles
UK’s workable cup recycling scheme Simply Cups and Smart Planet Technologies (SPT) have partnered to recover and recycle the ‘reCUP’ hot beverage paper cup. The reCUP, which is designed by Smart Planet in California, can ...
Tags: Coffee Cup, Paper Cup
Hilton Food Group has entered into an agreement with Sonae Modelo Continente to form a 50/50 joint venture for the supply of packaged meat products to Sonae stores in Portugal. The joint venture will supply a range of packaged beef, lamb, ...
Tags: Hilton, Meat Products
China Mengniu Dairy has agreed to acquire China Modern Dairy (CMD) for HK$6.4bn ($826m) to consolidate its position in the high-end dairy products sector. As part of the deal, China Mengniu will buy 965.47 million shares in CMD from a ...
Tags: Mengniu Dairy, Dairy
Food packing firm Hilton Food has entered into a joint venture (JV) with Portugese retailer Sonae Modelo Continente to supply its stores with a range of packaged beef, lamb, veal and pork products. As per terms of the deal, Hilton will ...
Tags: Hilton Food, Portuguese Market
Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100-kilometres off the coast of the Malaysian state of Sabah. Located in waters up to 500-metres deep, Malikai is Shell’s second deep-water ...
Tags: Shell, Oil Production
After the battle in a number of areas, the Alibaba and the Tencent began a cloud market stalemate. December 15th, Ali cloud in the cloud habitat Convention Guangdong branch announced that Ali cloud Japan officially opened the service, the ...
Tags: Alibaba, Tencent, cloud market
“Quest would be the first application of CCS technology for an oil sands upgrading operation,” says John Abbott, Shell’s Executive Vice President of Heavy Oil. “Not only would it allow us to significantly reduce the ...
Tags: Shell, CO2 Storage Project