Indian multi-business conglomerate ITC has announced plans to invest around INR10bn ($161.4m) into dairy and juice businesses which are expected to be launched in the January-March quarter. The proposed capital will be invested in ...
Tags: Dairy, Juice Businesses, Agriculture
Alcoholic beverages distributor Southern Wine & Spirits of America has opened its new automated storage and retrieval system (AS/RS) facility in Union City, California. The new facility follows the opening of the company's Southern ...
Tags: Wine, Retrieval System, Agriculture
Indian multi-business conglomerate ITC is planning to invest around INR10bn ($161.4m) into juice and dairy businesses, which are expected to be launched in the January-March quarter. The proposed capital will be invested in ...
Tags: manufacturing capacity, marketing, brand building, Agriculture
One of the leading textile manufacturers of Southeast Asia, Sri Rejeki Isman (Sritex) is set to invest around US$ 100 million to enter into the retail business as part of the company’s integration plan for engaging both upstream and ...
Tags: textile operations, Textile
Disc brake technology maker Brembo is planning to invest $39 m to build a new aluminum caliper production plant in Mexico. The plant expected to produce two million calipers per year for users in NAFTA region which includes US, Canada and ...
Tags: brake technology, aluminum caliper, Auto
Tire maker MRF is planning to increase the production capacity at eight of its manufacturing facilities across India which is part of its capital expenditure plan. The company is planning to invest around Rs 4,000 crore ($64 m) over the ...
Tags: manufacturing facilities, Auto
Jaguar Land Rover commenced construction of its manufacturing facility in Rio de Janeiro, Brazil. Jaguar Land Rover has become the first British automotive company to invest in a manufacturing factory in Brazil. At first a new 60,000m2 ...
Tags: manufacturing facility, Auto
British agribusiness Sundrop Farms has secured $100m in investment from private equity firm Kohlberg Kravis Roberts & Co ( KKR ) to ramp up vegetable production. The investment will be used in the expansion of Sundrop Farms' greenhouse ...
Tags: vegetable, Agriculture
Agri-business company Olam International has agreed to acquire US peanut sheller McCleskey Mills, in a $176m deal. The acquisition is in line with Olam's strategy to invest in specific products, including edible nuts. McCleskey is ...
Tags: edible nuts, peanut sheller, Agriculture
American-style cheese manufacturer Glanbia Foods is set to invest $82m in a bid to expand its manufacturing and production plants in Gooding and Twin Falls, Idaho, US. With this investment in manufacturing processes, Glanbia aims to ...
The Confederation of Indian Textile Industry (CITI) has requested the Government to reduce the excise duty on all man-made fibres and filaments, as also their raw materials from the current 12 per cent to 6 per cent. In a pre-Budget ...
Tags: man-made fibres, Apparel, Textile
Lamb Weston / Meijer, a joint venture between US-based ConAgra Foods Lamb Weston and Netherlands’ Meijer Frozen Food is set to invest around $150m to expand its frozen potato facility in Bergen op Zoom, Netherlands. Adding a ...
Tags: frozen potato, Agriculture
Aston Martin has made public the latest sports car DB10 that will be used in the next James Bond movie Spectre. The company will build only 10 units of the model, specifically for the movie. It will be developed and built in-house at ...
Tags: sports car DB10, James Bond movie, Auto
Bentley Motors will expand its headquarters in the town of Crewe in England with an investment of £40m, thus increasing its total capital in the facility to £840m. The carmaker will build a new 45,000m2 research and ...
Tags: Bentley Motors, styling studio, Auto
Gildan Activewear Inc., which is the largest supplier of branded athletic socks in the United States, reported record fourth quarter adjusted earnings per share of $1.00, up 20.5 percent compared to last year, but projected a loss for the ...