Japanese automaker Subaru has announced plan to invest $140m in its Indiana plant in the US to boost its production capacity by 100,000 units per year. The plant currently produces 300,000 units. The investment will be made by Subaru ...
Tags: Subaru, Fuji Heavy Industries, Indiana
Mercedes-Benz said that it would be investing $1.3bn in its Tuscaloosa plant in Alabama to increase production of its next generation SUVs. The investment is expected to allow the company to be more flexible and efficient in the ...
Prices for 2835 LED devices, currently the mainstream specification among China-based LED packaging service providers, have dropped 50-60% so far in 2015 due to overcapacity, according to Taiwan-based LED makers. Many China-based LED ...
Tags: LED devices, LED packaging, LED chips
Four Taiwanese manufacturers have announced to increase capital to fund their expansion plans in the Taichung Export Processing Zone in central Taiwan and Chiayi Dapumei Intelligent Industrial Park in southern Taiwan. The four companies ...
Tags: IC packaging, single-lens camera, camera
It’s a long way from New York’s Madison Avenue advertising agencies to Gaborone, but for Botswana a lot is riding on the success of the ad campaign De Beers will launch in the coming weeks. Like oil-exporting countries now ...
Two of the best known Taiwanese personal computer (PC) vendors, Acer Inc. and Asustek Computer Inc. (Asus), are aggressively targeting the mobile-device market, especially the smartphone segment, by launching several new cellphone models in ...
Tags: PC Vendors, Smartphone
AkzoNobel has signed a multi-year agreement to purchase sustainably generated steam from Dutch energy provider Eneco. The partnership will help to reduce the company’s CO2 emissions by more than 100,000 tons a year. The agreement ...
The European Bank for Reconstruction and Development (EBRD) has given a €10m loan to Turkey’s dairy producer Mar Tuketim Maddeleri Ihracat Ithalat San. Ve Tic. A.S., which is known under the brand name Kay. The loan amount ...
Nestle is planning to invest more than UAH100m ($4.5m) in the development of its facility in Ukraine this year. The investment will entail installation of a production line at Torchyn factory. The company recently has also installed ...
Tags: Nestle, Ukraine, confectionery firm
Kruger Packaging will invest C$250m ($188.6m) to convert the newsprint machine at its Trois-Rivières mill in Canada to produce lightweight linerboard. The project is being backed by a C$190m ($143.3m) funding from the ...
Tags: Kruger Packaging, linerboard, containerboard
The National Hockey League (NHL) and Adidas announced a seven-year partnership in which Adidas will become the authentic outfitter of on-ice uniforms as well as an official supplier of licensed apparel and headwear for the League starting ...
Tags: on-ice uniforms, licensed apparel, headwear
Continental has broken ground on $500m expansion of its Sumter facility to double tire production to eight million units by 2021. The Phase 2 expansion will increase the production from four million units planned for 2016. Expanded ...
Tags: Continental, General brand tires
Primary fresh food packaging company Linpac has partnered with Saudi Arabia-based Zultec Group to build a new PET thermoforming facility in Jeddah. The proposed facility will supply Linpac branded rigid and flexible packaging materials ...
Hector Beverages, which is backed by Sequoia Capital, plans to invest $10m to expand its facility in Mysore, India, a move that comes as it sets to launch milk-based beverages under its core brand Paper Boat by early next year. The ...
Brewing major Anheuser-Busch will invest $170m to expand its Metal Container Corporation (MCC) facility in Jacksonville, in the US state of Florida. The proposed expansion will ramp up Budweiser and Bud Light aluminum bottles ...
Tags: Anheuser-Busch, Florida, aluminum bottles