US chip giant Intel has agreed to acquire Israeli driverless technology company Mobileye in a deal worth about $15.3bn. Intel has agreed to pay about $63.54 per share under the deal, which is expected to close by the end of this year. ...
German chemical company BASF is building a new plastic additives plant at its Caojing site in Shanghai, China. The development is a part of the company's €200m global investment plan to boost its plastic additives business. With an ...
Tags: Plastic Additives, BASF
American rice company Riviana Foods has launched Success Tri-Color 100 percent Quinoa as a new addition its Success boil-in-bag product range. This Success product is an easy-to-prepare, quick cooking quinoa and offers consumers a ...
Tags: Riviana Foods, rice
Carton packaging and filling machines provider, SIG Combibloc has launched new Combidome carton bottle for low-acid products such as milk and plant-based dairy alternatives. The new Combidome bottle has been selected by US-based Steuben ...
Avery Dennison announced that its board of directors has elected Gregory S. Lovins as vice president and interim chief financial officer, effective immediately. As interim CFO, Mr. Lovins will lead the company’s finance function, ...
Tags: Avery Dennison, Packaging
OFD Foods, a supplier of freeze-dried food for the US Military, will expand its operations in New York State with a new $25m manufacturing plant in Monroe County. The company has selected Henrietta in Monroe County to build a new ...
Tags: OFD Foods, freeze-dried food
Impossible Foods has launched its first large-scale production facility, which could allow the company to make about 1 million pounds of meat a month, directly from plants, when fully ramped up. The goal for the East Oakland site is to ...
Volvo Cars has unveiled the new XC60 premium SUV at the Geneva Motor Show. The new car is replacement of the company's original XC60, the mid-sized SUV, which sold nearly a million units globally. The new SUV features a City Safety ...
Tags: Geneva Motor Show, XC60 SUV
Graphic Packaging International, Inc., announced the appointment of Spencer Maurer as senior vice president, Supply Chain In this expanded role he is accountable for the global supply network, overall quality processes and Lean and Six ...
Tags: Graphic Packaging, Packaging
Japanese automaker Nissan has demonstrated its latest autonomous drive technology on public roads in Europe for the first time. The demo took part in the east of London. Prior to this, the automaker has carried out public-road testing of ...
Tags: Self-Driving Cars, Nissan
Renault-Nissan Alliance and Transdev have signed a research contract to jointly explore development of mobility services with fleets of electric driverless vehicles for public and on-demand transportation. The companies will collaborate ...
Tags: Self-Driving Vehicles, Renault
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
US-based infant formula manufacturer Mead Johnson has agreed to acquire spray drying and finishing capabilities from Australian food group Bega Cheese for A$200m. The deal includes one of Bega Cheese's spray dryers at Tatura and an infant ...
Tags: Cheese, infant formula
The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...
Tags: five-year plan, political economy
Crown Holdings announced that Gerard Gifford has been appointed as executive vice president and chief operating officer effective 01 April 2017. In this new role, Mr. Gifford will continue to report to Timothy J. Donahue, President and ...
Tags: Crown Holdings, Beverage Packaging