The Nigerian government has approved a policy which aims to revive the country’s ailing textile and garment industry. The policy is a part of the National Industry Revolution Plan (NIRP) which covers the whole textile value chain, ...
Tags: funding and energy, smuggling, Textile
A joint memorandum has been submitted to the Union Commerce Minister, Nirmala Sitharaman by various Indian textile associations, seeking additional two years time to fulfill export obligation under the export promotion capital goods (EPCG) ...
Tags: textile associations, Textile
The Massachusetts Economic Assistance Coordinating Council (EACC) has approved the expansion plans of EasyPak in Leominster, US. The EACC approved the EasyPak's expansion along with 18 other projects under the Economic Development ...
Sany Heavy Industry Co Ltd is planning to increase investments in emerging markets like Venezuela, as the heavy machinery maker seeks ways to sustain growth amid tough market conditions at home. The company said on Thursday that its auto ...
Tags: Heavy Industry, Emerging Markets
London and New York-based private equity investment firm Pamplona Capital Management will acquire US-based polyethylene films producer Charter NEX Films for an undisclosed amount. Charter NEX specialises in producing packaging for ...
Tags: Charter NEX, Packaging
One of Saudi Arabia’s largest food producing firms Savola Group has entered the final round of negotiations with Takween Advanced Industries for the sale of its packaging unit, Takween. Savola had announced the signing of a ...
Tags: food, retailing, Agriculture
Volkswagen's Audi division plans to spend nearly €24bn ($29.3bn) on new models, plants and technology over the next five years, an increase of €2bn from the previous planning period. Audi said it is expanding the 'biggest ...
Tags: New Models, Plants, Technology, Auto
The new government, under Prime Minister, Narendra Modi has laid emphasis on an economic vision based on increasing production, export and generating employment. Particular attention will be given to generate productive employment ...
One of India’s largest e-commerce retailer, Flipkart, , has raised $700 million in fresh investment from existing as well as a clutch of new investors. The new investors include, Greenoaks Capital, T Rowe Price Associates, Qatar ...
Gross margin expansion and a lower average share count drove diluted earnings per share growth by 25 per cent year on year at Nike for its second fiscal quarter ended November 30, 2014. In the second quarter of fiscal 2015, net income ...
Tags: product type, geography, key category, Apparel
Koch Optics Inc, a subsidiary of Koch Industries Inc of Wichita, KS, USA, has completed its tender offer to purchase all issued and outstanding shares of common stock of optical communications component, module and subsystem maker Oplink ...
Tags: Koch Industries, Oplink
SME fund Enact has made a six-figure investment in flexible packaging company Excelsior which specialises in high quality gravure print for the food, confectionery and medical sectors. Enact's investment is aimed at helping Excelsior to ...
Tags: food, confectionery, medical sectors, Agriculture
Yorkshire-based PFF Packaging has acquired Thermopak which specialises in manufacturing moulded trays and carriers for the food industry for an undisclosed amount. PFF group will now control Thermopak's 65,000 ft2 manufacturing facility ...
India-based Rajhans Enterprises has acquired a five layer extrusion line for film production to extend its operations to the flexible packaging market. The company has been expanding its operations in the past few months and one of its ...
Tags: Flexible Packaging, registration setting system, Agriculture
Wholesome Tea, a subsidiary of Braintrust Investments, has acquired ready-to-drink tea beverage company Blue Buddha Beverages for an undisclosed amount. Founded in 2009, Blue Buddha Beverages markets and sells a wide range of bottled ...
Tags: foods stores, grocery stores, gourmet stores, Agriculture