Sweden-based renewable packaging material provider BillerudKorsnäs will invest around $35.28m (SEK260m) to increase its production capacity and improve the quality of sack paper produced at its Skärblacka facility. The company ...
Oak Furniture Land has been named as a finalist in the Multi-Channel Retailer category at the Oracle Retail Week Awards, to be held on 12th March next year. It is the only furniture retailer to have been shortlisted in the category, with ...
Tags: Oak Furniture Land, Furnishing
Poultry producer Faccenda Foods has agreed to acquire Cherry Valley Farms’ duck processing business Cherry Valley Foods for an undisclosed amount. The acquisition is the latest in a series of investments made by the company and ...
Australia Post has officially opened its upgraded Sydney Parcel Facility, part of a $2 billion investment in capability across the country that will dramatically increase capacity in time for the Christmas rush. The upgrade to the ...
Tags: Parcel Facility, logistics
South Australia's family-owned brewery, Coopers, said it experienced ongoing growth during the 2013-14 financial year with record sales and turnover figures. Its profits, however, dropped by 9.1%. Coopers is now the largest ...
Visteon Corporation has completed the first and largest phase of the sale of its remaining automotive interiors business to Reydel Automotive Holdings B.V., an affiliate of Cerberus Capital Management, L.P. Headquartered in Michigan and ...
Covidien described its new Puritan Bennett 980 ventilator as “simple, safe, and smart” when it won regulatory approval in the U.S. and Europe in early 2014. But half a year later, it is now the subject of a Class I-level recall ...
At its recent core partner convention in Shenzhen, China, Huawei Technologies Co Ltd, one of the world’s largest telecom networking equipment manufacturers, granted JDSU of Milpitas, CA, USA its Excellent Core Partner Award for a ...
Tags: JDSU, Huawei, telecom networking equipment
Wellspring Capital Management today announced that it has acquired Qualitor, a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. Financial terms ...
Tags: Wellspring Capital Management, asset-lite business model, Auto
The "new normal" theory elaborated by Chinese President Xi Jinping would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation (APEC) in Beijing. In his speech delivered to over ...
Tags: new normal theory, APEC
Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...
Tags: Chinese Steelmakers, Iron, Steel
Hospira continues to struggle with serious problems related to its GemStar Infusion System and its accessories. The latest bad news came Wednesday, when the FDA designated a recall of the GemStar Power Supply, 3VDC, as Class I. The ...
A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...
Tags: Gasoil, sulfur gasoil, crude oil
Though iPhone can be seen everywhere in China, Apple didn't held the top spot in China's mobile sector.Korea-based company, Samsung had previously ranked top since 2012. It has changed untill the iPhone 6 and iPhone Plus unveiled. According ...
The high level of government savings deposits could prove detrimental to long-term economic growth, even as concerns mount over ballooning local government debt in China, a report said on Wednesday. Total bank deposits held by government ...