Allianz and Western Union have struck a Memorandum of Understanding (MOU) to develop, design and distribute insurance products in several countries around the world. As per the terms of the agreement, both firms will concentrate on ...
Tags: Allianz, Western Union, insurance product, insurance distribution
Stating that textile constitutes a major part of Pakistan’s exports, the Pakistan Textile Exporters Association (PTEA) has called on the Government to expedite its efforts to resolve the power crunch, as the energy crisis would not ...
Tags: gas, textile sector, textile market, textile industry
South Korean automaker Kia Motors has started construction of its third auto production plant in Yancheng Economic Development Zone in Jiangsu, China, to further strengthen its presence in the country. Scheduled to be completed in the ...
Tags: Kia Motors, auto production plant, third auto plant, test track
Subaru of Indiana Automotive (SIA), an Indiana-based producer of Subaru Outback, Legacy, and Tribeca line of vehicles, is planning to invest $75m in expanding its Lafayette plant in central Indiana. The company's move follows to increase ...
Tags: Subaru, lafayette plant, indiana plant, vehicles
The Oerlikon Group has signed an agreement with the Jinsheng Group of China to divest the Natural Fibers and Textile Components Business Units from its Textile Segment.The divestment is an important strategic step to optimize and balance ...
US packaged foods company ConAgra Foods plans to close its manufacturing facility in Little Rock,Arkansas,in late spring 2013,a move that will put 240 jobs at risk. ConAgra Foods gained ownership of the Little Rock facility when it ...
Tags: jobs, refrigerated breakfast sandwiches, sausages, manufacturing facility
US-based automaker Chrysler is planning to invest $198m in its Mack Avenue I Engine Plant in Detroit to produce its 3.6-litre Pentastar V-6 engine. The new 3.6-litre Pentastar V6 engine will replace the 3.7-litre V6 engine manufactured at ...
Tags: Chrysler, Mack Avenue I Engine Plant, 3.6-litre Pentastar V-6 engine
Japanese automaker Toyota Motor (TMC) is planning to build a new $285m transmission-production facility in the Changshu Southeast Economic Development Zone, Jiangsu Province, China. The facility known as Toyota Motor (Changshu) Auto Parts ...
Hengli Petrochemical Industrial Park, which mainly engages in the production of purified terephthalic acid (PTA), used extensively in the production of textiles, has begun operations at its plant in Dalian located in Northeast China’s ...
Negating the rumours of caving in of the Sri Lanka’s garment industry, Economic Development Deputy Minister Lakshman Yapa Abeywardena said that such rumours were to create a negative image about the country’s economy. ...
Tags: Sri Lanka, garment industry, Sri Lankaeconomy, textile
Contract packaging company in the US Quality Packaging Specialists International (QPSI) has announced plans to shift its pharmaceutical packaging operations facility from New Jersey to Lehigh County. QPSI will move its packaging ...
Tags: Pharmaceutical Packaging, chain solutions, financial assistance
Gov. Jay Nixon visited Senath to recognize Charles Parker, co-owner of Parker & Jones Cotton Farm, with the Governor's Award for Agricultural Achievement, which honors outstanding farmers, growers and processors for their work with ...
Tags: cotton industry, cotton market, cotton farm
Naturally Advanced Technologies Inc. (NAT), which produces and markets CRAiLAR Flax Fiber, was recently granted $263,500 in incentives from Florence County, South Carolina to be used for its manufacturing and production in the region. NAT ...
Tags: flax fiber production, flax fiber, flax, flax market, flax industry
Beijing Automobile Works (BAW) has opened a ZAR196m ($22m) minibus taxi assembly plant in Johannesburg, South Africa. BAW is majority owned by Chinese state-owned Beijing Automotive Industry Holding Company which holds 51% stake while ...
Tags: Beijing Automobile, Minibus, South Africa
South Korean automobile manufacturer Kia Motor has revealed a plan to invest $1.6b over the next 16 years in West Point auto assembly plant, Georgia, US. The planned investment will be used for buying new machinery, tools, equipment and ...
Tags: South Korean, automobile, Kia Motor, West Point auto assembly plant