Swedish confectionery and nuts company Cloetta has agreed to divest Cloetta Italy to Katjes International. The sale equals an Enterprise Value (EV) of approximately SEK 450m. The proceeds will generate a positive net cash effect of ...
Tags: Cloetta
Coca-Cola HBC has invested €7m to upgrade to its bottling plant in Timisoara, Romania. The high-speed bottling line, compatible with 330ml and 500ml formats, will enable the company to reach a capacity of 90,000 bottles an hour. ...
Tags: Coca-Cola, soft-drinks
Sol Voltaics AB of Lund, Sweden, which is developing nanomaterials technology for enhancing solar cell efficiency, has closed a record funding round of $21.3m (reckoned to be the largest finance raise for a European solar technology company ...
Tags: solar cell, PV
The global market for aseptic packaging is projected to grow from USD 39.62 billion in 2017 to reach USD 66.45 billion by 2022, at an estimated CAGR of 10.89%. The global market for aseptic packaging is projected to grow from USD 39.62 ...
Tags: Aseptic Packaging, packaging
The global packer bottles market will register 6.4% CAGR through 2027, according to a report by Future Market Insights (FMI). In terms of sales, the packer bottles market is estimated to account for revenue worth US$ 3,555 Mn in 2017. By ...
Tags: Plastic Material, Bottles
GTI Graphic Technology has donated a MiniMatcher-4e to The Sonoco Institute of Packaging and Graphics at Clemson University. The MiniMatcher-4e is a desktop color matching booth with a 14.25″ H x 24″ W x 16″ D viewing ...
Tags: GTI Graphic, Packaging
Valmet has secured an order to deliver a complete tissue production line to Spain-based ICT Iberica. The new Advantage DCT 200HS tissue line will be installed at the company's mill in Burgo. It is expected to start operations in the third ...
Tags: Valmet, ICT Iberica
McLaren Automotive has debuted new convertible Sports Series model, the 570S Spider, at Goodwood Festival of Speed in the UK. The 570S Spider is powered by 3.8 litre V8 twin-turbocharged engine connected to a seven-speed gearbox, that ...
Tags: McLaren, Automotive
Telsa Motors CEO Elon Musk said that the production of the Model 3 electric car would start this week and the first deliveries are expected to be done by the end of this month. Musk tweeted the latest model from Tesla has received ...
Tags: Telsa Motors, electric cars
Ecuadorian dairy firm Tonicorp has opened a new dairy production plant in Guayaquil. The inauguration ceremony was chaired by the President of Ecuador, Lenín Moreno, together with directors of Arca Continental and The Coca-Cola ...
Tags: dairy, dairy Facility
Daimler's division Mercedes-Benz has started production of the new E-Class Cabriolet at its Bremen plant in Germany. The new E-Class Cabriolet comes integrated with latest technology and offers long-distance comfort for its occupants. ...
Tags: Mercedes-Benz, Cabriolet
UK-based speciality packaging solutions provider Parkside has introduced new reclose lidding film for a snack fruit pack in the US. The Handy Candy pack, which is designed for a snack fruit pack in America, can be used for either ...
Tags: snack fruit pack, tomato, Snack Pots
Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...
Tags: Nestle, Prepared Meals
The global UV LED market will increase from $288m in 2017 to $526m in 2020 while it rises at a compound annual growth rate (CAGR) of 34% during 2015-2020, projects LEDinside (a division of TrendForce). UV LEDs are used particularly in ...
Tags: UV LED, LED package
Google’s self-driving subsidiary Waymo is retiring its prototype autonomous vehicle, dubbed Firefly. The Firefly vehicle, which has no wheel and pedals, was developed as a platform to experiment and learn, but not for mass ...
Tags: Google, autonomous vehicle