Chinese vehicle manufacturer First Automobile Works (FAW) is planning to build a new ZAR200m ($23.7m) vehicle and truck assembly plant in Coega Industrial Development Zone (IDZ) in South Africa. FAW has selected WBHO Construction as its ...
Tags: FAW, assembly plant, South Africa
Ford India has completed the capacity expansion at its Chennai Engine Plant in the state of Tamilnadu,increasing the production of diesel engines by 36%or 80,000 units to 340,000. The company has invested$72m in Chennai plant for ...
Ford India, the subsidiary of US carmaker Ford Motor, is recalling about 130,000 of its Figo and Classic models due to manufacturing defects which include issues related to steering and rear suspension. According to carmaker, the vehicles ...
Tags: Ford, manufacturing defects, recall
A strong growth was observed in apparel exports from Bangladesh to new markets during the first three months of Bangladeshi fiscal year 2012-13 that began on July 1, 2012. From July to September 2012, Bangladesh exported US$ 4.29 ...
Source Africa, the biggest textiles and apparel trade event in Africa, has been launched in Cape Town, South Africa. The trade fair, which will take place from 9 – 12 April 2013 at the Cape Town International Convention Centre, will ...
Tags: textiles trade, apparel trade, trade exhibition, textile sector
Toyota Kirloskar, a joint venture between Japanese carmaker Toyota Motor and India's Kirloskar Systems, is planning to begin the engine production at its manufacturing facility in Bangalore, India in August 2012. The JV will manufacture ...
Tags: Toyota Kirloskar, Toyota Motor, Kirloskar Systems, engine production
Canadian packaging company CCL Industries has signed an agreement to acquire John Watson & Company, a label converter in Glasgow, Scotland, through the purchase of shares. The acquisition is said to complement the global network of CCL ...
Nampak Closures has created a new screwcap for South Africa-based Graça’s wine bottle as a replacement to the existing traditional cork closure. The 30 x 50mm length closure has a 30 x 60mm wine finish. The new closure comes ...
Tags: Nampak Closures, screwcap, wine bottle
UK based automotive firm GKN has invested over GBP12m in its Birmingham and Telford facilities. In Birmingham, GKN Driveline supports UK-based automotive firms that include Jaguar Land Rover, Toyota, Nissan, Honda, Bentley and Lotus. ...
According to PCI Films Consulting, 13 emerging nations have been identified as prominent destinations for flexible packaging markets. They include Poland, Russia, Turkey, Mexico, Brazil, India, Indonesia, Thailand, Vietnam, Saudi Arabia, ...
Reinsurance Group of America (RGA) has reported a net income of $123.32m, or $1.67 diluted earnings per share, for the first quarter of 2012, compared to $148.92m, or $2.02 diluted earnings per share, for the same period in 2011. The ...
Tags: Reinsurance Group, net income, quarter 1, insurance
Vodacom (VOD) has obtained a long-term insurance license to venture into South African insurance industry from regulatory agency, Financial Services Board (FSB). The current license is a long term along with the short term license granted ...
Tags: Vodacom, insurance license, South Africa, insurance industry
Apollo Tyres is planning INR3bn ($54.27m) investment over the next two years in its Kalamassery facility in Kerala, India to turn it into an export-oriented unit to produce industrial tyres. The manufactured tyres will be exported to ...
Tags: Apollo Tyres, industrial tyres, rubber plantations, natural rubber
African Packaging Organisation was created, following an approval from the World Packaging Organisation (WPO). The aim of this body is to improve the standard of packaging across Africa by employing various strategies, such as supporting ...
Apollo Tyres unveiled a new $35m component preparation facility at its tyre manufacturing plant in Ladysmith, South Africa. The new 6,500ft2 unit is expected to address capacity constraints and further enhance the quality and ...
Tags: Apollo Tyres, tyre, commercial vehicle tyre, passenger vehicle