China's independent teapot refineries in eastern Shandong province have significantly expanded their capacities in the last few years ahead of an end-2013 deadline set by the government to eliminate smaller plants. In an effort to cool ...
Tags: Teapot, Fuel Oil, Refineries
Tingyi, a Chinese instant noodle producer, is set to form a joint venture (JV) with Wakodo, the baby nutrition unit of Japanese beer maker Asahi, to sell infant milk formula in China in response to increasing consumer demand for quality ...
Tags: Tingyi, Infant Milk Formula
Tingyi, a Chinese instant noodle producer, is planning to form a joint venture with Wakodo, the baby nutrition unit of Japanese beer maker Asahi, to sell infant milk formula in China in response to increasing consumer demand for quality ...
Tags: Tingyi, Infant Milk Formula
German automaker Daimler is planning to expand its partnership with American electric car maker Tesla Motors. Daimler holds a 4.3% stake in Tesla, which currently supplies electric motors and batteries to Daimler for its vehicles. Daimler ...
Tags: Daimler, Electric Car
Anheuser-Busch has entered into agreement with Hand Family, a US-based family-owned beer distributor, to sell its 30% interest in CITY Beverage–Illinois. Based in the US, City Beverage is a retailer of craft beer, wine and home ...
Tags: City Beverage, Anheuser-Busch
Mercedes-Benz parent company Daimler is keen to expand its partnership with electric vehicle specialist Tesla Motors to electrify more models in its range. Asked about the German automotive giant’s component purchasing deal with ...
Tags: Daimler, Tesla Partnership
Chongqing Brewery Co., Ltd. (SHSE: 600132) announced on October 31 that its shareholder Carlsberg Brewery Hong Kong Limited was agreed by China Securities Regulatory Commission on a tender offer to the former. Carlsberg officially issued ...
AkzoNobel has expanded its presence in the Middle East after acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people. The company has signed a joint venture agreement with Omar ...
It is reported that Finnish nickel miner Talvivaara, struggling for cash could be rescued by the Finland government. Just a few months ago, Talvivaara had a fundraising but is still struggling for cash. The government's rescue plan could be ...
Russian mining and steel group Mechel has announced the sale of a 28 percent stake in Vanino Sea Trade Port's equity capital. Accordingly, Mechel Group, as represented by Mecheltrans, has sold some 28 percent of the port's equity capital ...
Tags: Mechel, Sea Trade Port
CTBC Financial, the parent company of Chinatrust Commercial Bank, has announced plans to acquire the local insurance firm Taiwan Life in a TWD26.6bn ($904m) deal. As per the terms of the agreement, CTBC will take over the insurance firm ...
Tags: Insurance, CTBC Financial
Fonterra, a dairy co-operative in New Zealand, has purchased a 6% stake in Australian dairy firm Bega Cheese for A$46m. As per the deal, the New Zealand co-operative purchased 9.3 million shares at AUD4.95 per share. Fonterra CEO Theo ...
Tags: Fonterra, Bega Cheese
Jiangxi Province-based Chinese steelmaker Fangda Special Steel has issued its financial results for the first three quarters of this current year, announcing an operating revenue of RMB 9.641 billion ($1.58 billion), down 3.41 percent, ...
Tags: Steel, Metallurgy, Mineral
Dairy co-operative Irish Dairy Board (IDB) is investing €20m in Saudi Arabia to acquire 75% stake in local firm Al Wazeen Trading and establish a new cheese plant at Al Wazeen facility in Riyadh. The expansion strengthens IDB's ...
Tags: Irish Dairy
State-owned PetroVietnam and Rosneft are expected to sign two upstream pacts and a crude oil sales deal during Russian President Vladimir Putin to Vietnam early next month, PetroVietnam said Wednesday. One is to do with PetroVietnam's ...
Tags: Metallurgy, Mineral, Energy, crude oil, Oil