Oman Food Investment Holding Company (OFIC) is planning to invest $620m to set up dairy, poultry and red meat factories in the country to boost food security. Of the total proposed investment, around 70% is derived from state-owned ...
Net profit at Spain based Inditex Group, the biggest global apparel marketer soared 28 per cent year on year in the first fiscal quarter ended April 30, 2015. In the three months to April 30, 2015, an Inditex Group press release, said its ...
Tags: apparel marketer, apparel
Earlier this year, I blogged about the excitement in China generated by the news that its Dalian Wanda Group planned to invest $1.09 billion to build and operate a luxury hotel in London. At the time of their announcement (made in the ...
A new fund that focuses on developing China's next generation of industry - so-called Industry 4.0 - through investment in German small and medium-sized enterprises (SMEs) will soon have its initial $1 billion raised, its founder says. ...
The government of Ontario in Canada is investing around $5.2m in food projects to encourage local food production in the province. The funding is a part of the Ontario government's strategy to increase consumer awareness of and access to ...
Tags: Food Production, Food
Government's push of e-commerce in rural areas will stimulate online fresh food sales A government-backed drive toward e-commerce can help open up the agricultural sector and generate a rapid increase in incomes for farmers. At a ...
Tags: E-Commerce, Farming, Agricultural
Grupo Modelo, an arm of beverage major Belgium-based Anheuser-Busch InBev, will pump in $325m in two plants in Yucatan, Mexico, including an aluminum beer-can unit. The cans manufactured at the new unit will replace those being currently ...
Tags: Grupo Modelo, Packaging
Automobili Lamborghini has launched its third luxury SUV, set for hitting the market in 2018. The new Lamborghini SUV will be produced at the company's Sant'Ag ata Bolognese unit, in line with the company's policy to make in Italy. ...
Tags: Automobili Lamborghini, SUV
The Australasian Railway Association (ARA) has welcomed the release Infrastructure Australia (IA) Audit Report, describing it as a timely and directional insight into Australia’s infrastructure requirements. The inquiry by the ...
PET packaging specialist APPE will invest £10m in its preform manufacturing platform at Gresford plant in the UK. PET preform production at the plant started 30 years ago. The capital will be used for the installation of five ...
Tags: PET Preform, packaging
Boxboards and linerboards firm Metsa Board is testing foam forming technology at its Kyro mill in Finland, to produce lightweight paperboards. The foam forming process involves aerating the water-fiber suspension with a stream of tiny ...
Praedium, the Spanish investment Group which owns Nylstar, a producer of polyamide yarns and fabrics, has acquired acrylic fibre manufacturer Montefibre Hispania SA. Praedium has invested €2 million to acquire a 90 per cent stake in ...
Tags: Praedium, Acrylic Fibre
Many Northamptonshire businesses have formally pledged to create good quality training opportunities for young generation locally to meets the sector's needs. Companies making the pledge include TMI Foods, Warner Edwards, Phipps ...
Tags: FFP Packaging, Food Packaging
General Motors (GM) is pumping in $1.2bn to revamp its pickup truck plant at Fort Wayne, Indiana, with the work on its upgrade expected to commence in June. The modification of the plant involves putting in place new pre-treat, ...
Tags: General Motors, pickup truck
Lion has opened its specialty cheese manufacturing hub, named The Heritagein Burnie, Tasmania and the largest specialty cheese facility in the Southern hemisphere. The Heritage has been significantly expanded and upgraded, with over $150m ...
Tags: Specialty cheese