A consortium of Ningbo Joyson Electronic (Joyson Electronics) and Asia-based private equity firm PAG have offered funding to Key Safety Systems (KSS) in acquiring the all of the global assets of Japan-based airbag-maker Takata. Takata's ...
Electric car-maker Tesla Motors has missed its Model 3 targets for the first quarter of this year. Last week it produced 2,020 of Model 3, against the target 2,500 vehicles. For the next week, the company forecasts to produce 2,000 ...
Tags: Tesla, Tesla Motors
German automakers BMW and Daimler have agreed to merge their respective mobility services business units into a joint venture (JV) in which each company will hold a 50% stake. The agreement will bring together the companies’ ...
Australia’s competition regulator has approved the CAD1.29bn ($1.01bn) acquisition of Murray Goulburn Co-Operative (MG) by Canadian dairy producer Saputo. The Australian Competition & Consumer Commission (ACCC) said that it will not ...
Tags: Murray Goulburn, dairy plant
Mercedes-Benz has begun the production of new compact SUV GLA at its Sindelfingen plant in Germany Mercedes-Benz Sindelfingen plant Site Manager Michael Bauer and Mercedes-Benz Sindelfingen Works Council Chairman Ergun Lümali at the ...
Tags: Mercedes-Benz, SUV
Global meat processing company Danish Crown’s subsidiary DAT-Schaub has purchased a majority stake in Shanghai Natural Casing for an undisclosed price to expand its operations in China. The purpose of the acquisition is to gain ...
Tags: meat, meat processing
Koenig & Bauer has fully achieved or exceeded its guidance for 2017, driven by strong revenue and earnings in the fourth quarter. The printing press manufacturer’s consolidated figures show that with the increase in revenue, ...
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Bericap is planning to present product innovations at 2018 Hispack Packaging, Process & Logistics trade fair to be held in Barcelona from 8-11 May. The company will be presenting itself with a clear focus on the vast range of services and ...
Tags: Bericap, Hispack Packaging
UK-based drinks manufacturer and distributor Global Brands has reported a 16% increase in its annual sales for the year ending 30 September 2017. The company's turnover was £42m for the financial year. Gross profit went up to ...
Tags: drinks, alcoholic drink
US-based engineered equipment and automation solutions provider Duravant has acquired automation systems manufacturer, Key Technology, for about $175m. Based in Walla Walla of Washington, Key Technology is engaged in the design and ...
Tags: bucket elevator, rotary table
Kia Motors has revealed the first look of its all new luxury sedan K900, which will make its world debut at the New York International Auto Show later on March 28. The all-new K900 has been created in close collaboration between ...
Tags: Kia Motors, Luxury Sedan
Mercedes-Benz Cars is investing more than €100m in a battery factory in Thailand. With a strategic decision Mercedes-Benz Cars is enhancing the manufacturing footprint in South-East Asia addressing growing demand for electric ...
Tags: Mercedes-Benz Cars, battery
The Taiwan-based Valens Co., Ltd. has been dedicated to the development of LED auxiliary driving lights and well recognized by professionals for its well-honed R&D technologies. With high quality and performance, Valens' products, including ...
Tags: Valens, Driving Lights
Aptar has launched a Sustainable Materials Task Force that addresses customer, consumer and regulatory expectations for sustainable product offerings. Sustainability is a key driver in the market today. Sustainability efforts are now ...
Sappi North America, a producer and supplier of diversified paper and packaging products, has opened the 20th and final North American Printer of the Year Awards call for entries.c As with previous years, winners will be recognized for ...
Tags: Sappi, packaging products