To create more sustainable denim, India-based KG Fabriks has installed 1.05 MW rooftop solar power plant at its denim and industrial manufacturing plant in Perundurai town of Erode district. The solar power plant, owned and developed ...
Tags: sustainable denim, KG Fabriks
THE Shanghai Gold Exchange is preparing to link gold markets in the city and Hong Kong to strengthen China's gold pricing power, the exchange told Shanghai Daily yesterday. The disclosure came after Chan Sheung Chi, president of Hong ...
Tags: Gold
Italian coffee maker Luigi Lavazza has sole rights to consider the acquisition of Carte Noire coffee business from Mondelez International, as part of its contractual agreement with the latter. Lavazza was quoted by Reuters as saying: ...
Tags: Lavazza, Carte Noire Coffee
Automotive parts manufacturing company, Delphi Automotive has agreed to sell its wholly-owned thermal business to MAHLE for approximately $727m, as as part of its restructuring plan. The company said that the proceeds from the sale will ...
Tags: Delphi Automotive
Abu Dhabi based National Catering Company (NCC) has signed an agreement with Abu Dhabi Ports to secure a 25,000-sqm plot of land in the Khalifa Industrial Zone (Kizad). As part of this new development, NCC will invest around AED50m ...
Tags: National Catering Company, Food
Flavors producer McCormick has agreed to acquire 100% of Italy-based spice producer Drogheria & Alimentari (D&A) for around €85m (($97m). The company has signed an agreement to this effect which is expected to be closed in May ...
The yet to be finalised free trade agreement (FTA) with Turkey will increase textile exports from Pakistan, commerce minister Khurram Dastgir Khan has said. In a statement, the minister said the government would hold extensive ...
Tags: Textile Exports, Textile
Belgium-based packaging company VPK Packaging group has made its first acquisition in Ireland with an agreement to acquire 100% shares of corrugated board box manufacturer ICS Europaks for an undisclosed amount. Based in Galvone ...
The American sportswear and casualwear designer, distributor and licensor Perry Ellis International (PEI) has signed a license agreement with Sensual, Inc., a division of USA Apparel Group, granting rights to design and distribute intimates ...
Tags: sportswear, casualwear, Apparel
Favourable government policies, low wages, shorter sea route and growing garment exports make Myanmar an attractive option for Indian textile entrepreneurs, says Rajesh Kumar Shah The garment sector in Myanmar has grown enormously since ...
Tags: garment exports, Textile
New rules to facilitate entry of bulk carriers at the nation's ports China is likely to import more iron ore from Companhia Vale do Rio Doce, the Brazilian mining giant, to bolster its raw material reserves, after the Ministry of ...
Swiss chocolate maker Barry Callebaut has agreed to acquire industrial chocolate manufacturing assets from US-based World's Finest Chocolate. Both the companies have signed a new long-term outsourcing agreement to this effect. As per ...
Tags: industrial chocolate, Food
France-based rice producer Marbour has agreed to acquire 100% stake in Canadian establishment MRRM. Both the companies have entered into a definitive agreement to this effect. MRRM mills, bags, packages, cans, processes, and sells ...
Tags: rice, Marbour, MRRM mills
Hyundai has announced that the company has been selected as the official automotive partner of the ICC Cricket World Cup 2015, and has already provided a fleet of 94 vehicles to be used during the championship. The fleet was provided by ...
Tags: Hyundai, Cricket World Cup
For the fourth fiscal quarter ended January 4, 2015, Gildan Activewear said it slipped in to losses, when compared with fourth fiscal quarter of previous year. Gildan reported a net loss of US$41.2 million or US$0.34 per diluted share for ...
Tags: Gildan Activewear, Apparel