Huhtamaki supports the profitable growth of its foodservice business in China by investing in the expansion and modernization of its manufacturing unit in Guangzhou, South China. The total investment including site expansion, improvements ...
Tags: Huhtamaki, investment
Finland-based pulp and paper manufacturer Stora Enso is planning to consolidate its corrugated packaging manufacturing in Finland to its Lahti facility. The consolidation plan is part of the company’s plan to improve profitability ...
Tags: Stora Enso, consolidation, Lahti plant
Honda of South Carolina (HSC) is investing $45m in an expansion project which the company says will create 250 additional jobs at the facility in Timmonsville. The investment will add about 115,000 ft2 of space which will help the ...
Tags: HSC, investment, plant expansion
The net turnover of the Ebro Group grew by 16.1% year on year in 2015, rising to €2462m (€2.4bn). The EBITDA, or gross operating profit, was considerably better than year-end projections, closing at €314.8 million, up 9.6% ...
Tags: Ebro Group, net turnover, EBITDA
COFCO has reached an agreement to acquire the remaining minority stake in Nidera Capital to gain full ownership of the company. The minority stake has been bought by COFCO International from Cygne to gain 100% ownership in Nidera. The ...
Krones intends to expand its Rosenheim plant’s facility in Raubling, Germany, thus ensuring the continued viability of its second-largest production site. After expanding its factory in Rosenheim in 2013, in what was the ...
Tags: Krones, production site, Raubling
The pan-European REFERENCE research project - created to leverage disruptive radio-frequency silicon-on-insulator (RF-SOI) technology in developing industrial solutions for the performance, cost and integration needs of RF front-end modules ...
Tags: RF-SOI, ECSEL, 4G+communications
The U.S. Senate passed a defense bill with language requiring the Pentagon to buy US-made athletic shoes for military recruits. ADVERTISEMENT The legislation is expected to benefit Boston-based New Balance, which has three factories in ...
Tags: athletic shoes, Pentagon, NDAA
Canada-based poultry and pork products manufacturer Olymel is planning to invest $7.7m to expand its poultry processing facility at St. Damase in Quebec, Canada. The plan will see an addition of 15,000ft2 of space at the facility, along ...
Tags: pork products, Olymel
Commercial Vehicle Group announced, that due to pending negotiations with the hourly employees' union representative, it has decided to consolidate its North American seat production into two North American facilities and stop seat ...
Tags: Commercial Vehicle, Aftermarket
General Mills has agreed to sell its Argentina bakery and foodservice business to a Mexico-based baking company Grupo Bimbo for undisclosed sum. However, General Mills will retain its growing retail food business in Argentina, including ...
Tags: General Mills, Grupo Bimbo, Acquisition
Auckland Airport is to build a state-of-the-art new distribution centre for Fonterra’s New Zealand consumer business (Fonterra Brands New Zealand). Fonterra Brands New Zealand (FBNZ) is scheduled to occupy the new premises under a ...
Tags: Auckland Airport, Fonterra, FBNZ
RingCentral, a leading provider of cloud communications and collaboration solutions, today announced that Del Monte Foods, one of the leading purveyors of premium quality, branded food products in the United States, has selected the ...
According to Digitimes Research, there were several developments that occurred in the smart home family segment throughout the end of 2015 into early 2016. Samsung Electronics announced that its entire 2016 Smart TV line-up will be Internet ...
Twenty-five members of China's top leadership criticized themselves and each other at a two-day meeting which ended on Tuesday. But unlike the attacks, defamation and even insult commonly seen in western political rivalries, the ...
Tags: CPC, Self-improvement