Orkla has reported a 10% increase in operating profit , totalling NOK 725m in the first quarter of 2015. The Branded Consumer Goods business achieved EBIT (adj.) of NOK 769 million, an improvement of 11% from the first quarter of 2014. ...
Tags: Orkla, Hydro Power
Australian supermarket chain Coles is planning to invest in farms to extend the selling seasons of popular fruits and vegetables. Coles managing director John Durkan said that the company wants to make more investments to ensure the ...
Tags: Coles, popular fruits, vegetables
Ford along with its Chinese partner Chongqing Changan Automobile is planning to invest $1.08bn to buy a plant owned by Chinese automaker Harbin Hafei Automobile. Changan Ford Automobile, a joint venture between Ford and its Chinese ...
Chairman Jimmy Chu of the Fair Friend Ent. Group, Taiwan's biggest machine-tool conglomerate by revenue, announced plans to go public in Taiwan around the end of 2017 by consolidating resources of all of its subsidiaries worldwide. The ...
Tags: machine-tool, horizontal machining
The government of India and the Central Asian Republic of Kyrgyzstan have signed a memorandum of understanding (MoU) on cooperation in the textiles sector. The MoU seeks to strengthen bilateral cooperation in three fields: textiles and ...
Tags: Textile Sector, bilateral cooperation, textiles, clothing
China's economic "new normal" can bring more opportunities for UK companies, British business leaders said on Wednesday. James Sassoon, chairman of the China-Britain Business Council, said China is undergoing a period of further ...
Tags: UK Companies, economic"new normal"
China's auto industry saw total sales drop by 0.22 percent to 1.59 million units in February, the first year-on-year drop in two years, data from an industry association showed Tuesday. Sales of passenger cars increased 6.42 percent ...
Tags: auto industry, passenger cars
After two tough years of stagnation, in 2014 the power semiconductor device market returned to growth, rising by 8.4% to $11.5bn, according to the report 'Status of the Power Electronics Industry (February 2015 edition)' from Yole ...
With 'wildfire' growth over, many production lines idle Overcapacity is proving to be a headache for automakers in China as sales slow in the world's largest auto market, said analysts and industry insiders. Though 23.5 million vehicles ...
Tags: Auto Market, Overcapacity
India’s biscuit maker Britannia Industries is set to increase exports and eyes joint ventures, acquisitions as part of its strategy to enhance its manufacturing capacities in the Middle East. Britannia managing director Varun Berry ...
US apparel marketer, Kate Spade & Company has signed a joint venture with Walton Brown to establish a strategic network of stores across China, Hong Kong, Macau and Taiwan. The newly formed partnership will leverage the expertise of ...
Tags: Kate Spade, apparel
The Vietnamese envoy to India, Ton Sinh Thanh thanked the Indian government for extending a US $300 million line of credit for strengthening of commercial ties between the two countries. Addressing media on the sidelines of a meeting with ...
Tags: raw material imports, Textile
A 1,200-kilometer highway that links two of China's biggest cities is being equipped with a charging system for electric vehicles, a big sign of improvement in the development of such facilities. Despite a number of measures taken by the ...
Old Bridge Cellars (OBC) has expanded its Oregon portfolio with Chapter 24 Vineyards, a joint venture between Evening Land founder, Mark Tarlov, and Burgundian winemaker, Louis-Michel Liger-Belair of Vosne-Romanee. Chapter 24 refers to ...
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