Swedish automotive manufacturer Scania has agreed to sell its shares to German automaker Volkswagen Group for $9.2bn. Following the transaction Volkswagen will own 723,733,927 shares in Scania representing 90.47% stake including its ...
Tags: Volkswagen
Japan Petroleum Exploration plans to start drilling Japan's first horizontal shale exploration well at its onshore Fukumezawa oil field in Akita prefecture in the northwest for about one month from May 22, a company official said Tuesday. ...
Transphorm Inc of Goleta, near Santa Barbara, CA, USA (which designs and delivers power conversion devices and modules) has obtained a sole worldwide license to Furukawa Electric Co Ltd's extensive gallium nitride (GaN) power device ...
Tags: Transphorm GaN-on-Si GaN HEMT, power conversion devices, power modules
Dutch brewing company Heineken plans to merge its majority owned subsidiaries Nigerian Breweries and Consolidated Breweries, in a move to capitalize on the growth potential of the Nigerian beer and malt drinks market over the future. ...
Tags: Heineken, Nigerian Breweries
South Korea will seek to import more shale gas-based LNG from North America to meet rising power demand amid tighter environmental regulations, the deputy energy minister told Platts Friday. "Natural gas as a source of power generation ...
Tags: Shale Gasc, LNG
Taiwan-based solar cell maker Gintech Energy plans to merge with PV module maker Apollo Solar Energy, a subsidiary solar wafer maker Green Energy Technology (GET), while GET plans to merge with fellow maker Utech Solar, a Gintech ...
Tags: Electrical, Electronics, taiwan
Snyder's-Lance, a US-based salty snack maker, has agreed to buy Baptista's Bakery, a producer of baked snack foods and 'better for you' snacks. As part of the agreement, Snyder's-Lance will acquire 100% stake in Baptista's Bakery, and its ...
Tags: Snack Foods, Baptista's Bakery
Austria-based plantmaker Siemens Metals Technologies has announced that, together with Japanese Mitsubishi Heavy Industries (MHI), they are forming a globally operating complete provider for plants, products and services for the iron, steel ...
Buen Sabor today announced that eight brand new, all-natural products are now available in the frozen food aisle in major retail locations across the country. The first-of-its-kind line of ready-made meals celebrates the diverse cuisine ...
Tags: Buen Sabor, Inspired Dishes
China's Minmetals Resources Copper Co is expected to start construction of its 100,000 mt/year core copper cathode project at Hengyang city in Hunan province by July this year, according to a report by the Hunan government posted on its ...
Tags: Minmetals, Copper Project
SKX issued a statement early May 2 saying the company was consulting with advisors about leading an investment group to acquire an intersest in the team, currently in the NBA Playoffs amid controversy over its owner's racist comments that ...
Tags: Skechers, NBA's Clippers
South Korea's state-owned Korea Gas Corp said Friday it had sold 5% of its stake in LNG Canada to Shell as part of efforts to reduce its debts. "Kogas' subsidiary Kogas Canada LNG Ltd. has transferred 5% of its stake in LNG Canada to ...
Tags: Gas, LNG Canada
Luxembourg-based global steelmaker ArcelorMittal has announced its Latin American investment plans with Kortrijk, Belgium-based Bekaert, one of the world's largest steel cord and wire manufacturers. Accordingly, in Brazil, ArcelorMittal ...
Tags: steelmaker, ArcelorMittal
R.G. Barry Corporation, the parent of Dearfoams, signed a merger agreement pursuant to which Mill Road Capital, a private equity firm, will acquire all of the outstanding shares of R.G. Barry for $19.00 per share in cash, reflecting an ...
Tags: Sporting Goods, Recreation
"Clariant had a promising start to the year with good volume growth and an increase in operating profitability," said CEO Hariolf Kottmann. "Overall, our businesses performed well in an improving but still mixed economic environment. The ...
Tags: Construction, Decoration, economy