Despite seeing an on-year drop of 11.2% to achieve consolidated revenues of NT$893.98 billion (US$29.59 billion) in 2016, Quanta Computer still managed to become profitable with profits reaching NT$46.59 billion, up 0.4%, on gross margins ...
Coca-Cola and several of its bottlers in Latin America have acquired the AdeS soy-based beverage business from Unilever. The transaction was first announced on 1 June 2016. Founded in 1988 in Argentina, AdeS was the first major ...
UK fresh fruit and veg supplier Fresca Group has formed a joint venture (JV) with Colombian Hass avocado grower Cartama. The joint venture company, dubbed Cartama UK, will handle the commercialization of the avocados produced by the ...
Tags: fresh fruit, Fresca Group
The triple-digit million euro order includes the supply of six reactor coolant pumps - type RSR 750 - each driven by a 10 000 V high-voltage motor with a rating of 6600 kW. The maximum flow rate of each pump and motor set is around 24 500 ...
Tags: Pump, Power Plant
Glanbia Co-op has proposed to create a strategic joint venture named Glanbia Ireland encompassing Glanbia Ingredients Ireland, Consumer Products & Agribusiness. Glanbia Co-op also proposes a €100m “spin-out” of Glanbia ...
Tags: Glanbia, Premier Milk
Daimler is planning to open a new facility in Russia for the production of Mercedes-Benz cars. At Esipovo Industrial Park, about 40 kilometers northwest of Moscow, a flexible production of SUVs and the E-Class Sedan will be established. ...
Tags: Daimler Plans, Passenger Car
Cascades Sonoco, a joint venture of recycled fibre packaging company Cascades and Sonoco, is planning to invest approximately $16m at its facility in Birmingham, Alabama, US to support development of new product line. The investment at ...
Tags: Cascades, fibre packaging
Honda Motor and Hitachi Automotive Systems have signed a memorandum of understanding (MoU) to establish a joint venture company for developing, manufacturing and selling electric vehicle motors. The two companies now will conduct formal ...
Tags: Honda, Electric Vehicle Motors
General Motors (GM) and Honda are investing $85m each into a joint venture (JV) that intends to start mass production of hydrogen fuel cells by 2020. The JV, Fuel Cell System Manufacturing, will operate within GM's existing battery pack ...
The PSA Group and the CK Birla Group have sign joint-venture (JV) agreements to produce and sell vehicles and components in India by 2020. The ceremony of signature lays the foundation for a long term partnership between the two Groups ...
Tags: PSA Group, CK Birla Group
Future Mobility, a joint venture set up by Foxconn Electronics, Tencent Holdings and China Harmony Auto Holding to develop smart electric vehicles in China, will invest CNY11.6 billion (US$1.69 billion) to build a smart vehicle ...
Tags: Electronics, electric vehicles
UK’s workable cup recycling scheme Simply Cups and Smart Planet Technologies (SPT) have partnered to recover and recycle the ‘reCUP’ hot beverage paper cup. The reCUP, which is designed by Smart Planet in California, can ...
Tags: Coffee Cup, Paper Cup
On December 19, 2017 China Commercial Vehicles Selection Presentation was held in Beijing. CHMC TRAGO was awarded “the 2017 Annual Tractor” and won the highly appraise of industrial specialists. As the most authoritative ...
Tags: Tractor, Commercial Vehicles
Hilton Food Group has entered into an agreement with Sonae Modelo Continente to form a 50/50 joint venture for the supply of packaged meat products to Sonae stores in Portugal. The joint venture will supply a range of packaged beef, lamb, ...
Tags: Hilton, Meat Products
China Mengniu Dairy has agreed to acquire China Modern Dairy (CMD) for HK$6.4bn ($826m) to consolidate its position in the high-end dairy products sector. As part of the deal, China Mengniu will buy 965.47 million shares in CMD from a ...
Tags: Mengniu Dairy, Dairy