Pershing Square, a hedge fund run by investor Bill Ackman, has sold 20 million shares of US-based confectionery giant Mondelez International. Following the sale, the investor now owns only a 5.6% of the confectionery company. In a ...
Tags: Pershing Square, Bill Ackman, Mondelez
Italian automotive component manufacturer Eldor will invest about $75m in the Botetourt County of Virginia, US. The plant will create 350 jobs in the region which will be Eldor's first plant in the country. The company manufactures ...
Fresh food packaging manufacturer Linpac is planning to invest €8m in new extrusion and thermoforming capacity in Pravia, Spain, to meet growing demand for PET and rPET. In order to deliver a greater range of lighter, more ...
Tags: Fresh food packaging manufacture, Linpac, Investment, PET, rPET
International Paper has signed an agreement to purchase newsprint mill in Madrid, Spain, from Swedish company Holmen Paper, for €150m. As per the deal, International Paper will acquire the Madrid newsprint Mill, as well as ...
REI reported sales reached a record $2.4 billion in 2015 after a second consecutive year of nearly double-digit growth. Sales increased 9.3 percent from $2.2 billion in 2014, or 11 percent when adjusting for an extra 53-week of sales ...
John Lewis has continued to outperform the market in uncertain trading conditions, with gross sales up 2.8% to £4.56bn (4.4% on a 52 week basis). To ensure that customers can shop whenever and however they want, John Lewis has ...
Tags: John Lewis, Trade condition, Annual summary
In booth 1655 at the Applied Power Electronics Conference & Exposition (APEC 2016) in Long Beach, CA, USA (20–24 March), Monolith Semiconductor Inc of Round Rock, TX, USA is demonstrating its fast-switching silicon carbide (SiC) ...
Tags: SiC MOSFET, SiC Schottky barrier diodes, SiC power devices
The European Union (EU) is to set aside the equivalent of approximately AUD$365 million annually to promote healthy eating to school children. Meanwhile, Australian governments are lagging behind. Approved last Tuesday 8 March 2016, ...
Tags: EU, School children, Milk
International Paper, a US based pulp and paper company, has signed an agreement to divest its corrugated packaging business to Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for approximately $150m. Under the terms of the ...
Dairy company Fonterra has begun manufacturing cheese from its new slice line at Eltham plant in Taranaki, New Zealand, after adding new production lines at the facility with $30m investment. The dairy company has completed the 10 ...
Tags: Fonterra, Cheese, New prodection line, Eltham plant
California-based frozen foods manufacturer Pegasus Foods has announced plan to expand its Rockwall food production plant in Texas with an investment of $10m. The expansion will include construction of an 80,000ft2 manufacturing ...
Tags: Pegasus Foods, Expansion, Rockwall food, Investment, Texas, Frozen food
Solazyme is focusing the company exclusively on food, nutrition and specialty ingredients, harnessing the power of its transformational algae innovation platform. The evolution leverages over a decade of R&D and product development on an ...
Tags: Solazyme, Transformational algae, R&D, Food
GM and its business partner Lyft announced the launch of a short-term car rental program, known as Express Drive. This rental program is exclusively for the Lyft platform, which will make automobiles available for Lyft users at cheaper ...
Tags: GM, Lyft, Rental program, Express Drive
Nanoelectronics research center imec of Leuven, Belgium has opened its new 300mm cleanroom. With this 4000m2 new facility, imec's semiconductor research cleanrooms (dedicated to scaling IC technology beyond 7nm) now total 12,000m2. Global ...
Swiss food company Nestle is planning to invest over €25m for expansion of its research and development center in Askeaton, Ireland. The expanded facility will be located at Nestle's current plant in Askeaton. The facility ...
Tags: Nestle, Investment, Expansion, R&D