Osram’s transformation is making further progress: the company has agreed to sell its 13.5% stake in the Chinese company Foshan Electrical and Lighting (Felco) to a subsidiary of Guangdong Rising Assets Management With this move, ...
For third-quarter 2015, AXT Inc of Fremont, CA, USA, which makes gallium arsenide (GaAs, indium phosphide (InP) and germanium (Ge) substrates and raw materials, has reported revenue of $18.4m, down 12.4% on $21m last quarter and down 20% on ...
China's top economic planner on Wednesday stressed the importance of boosting investment in the fourth quarter of 2015. Increasing investment and stabilizing growth are priorities for the fourth quarter, according to a statement by the ...
Tags: NDRC, top economic planner
BASF has closed the previously announced transaction to divest its global paper hydrous kaolin (PHK) business to Imerys, a producer of mineral-based specialty solutions for industry, based in Paris, France. Under a tolling agreement of ...
Tags: BASF, kaolin products, paper hydrous kaolin
US-based agribusiness company Archer Daniels Midland Company (ADM) has completed the acquisition of some assets of Eaststarch C.V., which is ADM’s 50-50 joint venture with Tate & Lyle. Tate& Lyle is a UK-based agribusiness which ...
Tags: ADM, corn wet milling, Corn business
British Virgin Islands-based packaged food company Nomad Foods has completed the acquisition of frozen food brand Findus Sverige AB for £500m from LionGem Sweden 1 AB. The acquisition includes Findus' European businesses in ...
Tags: Nomad Foods, frozen food, Findus
McDonald's has announced that as of October 2015, all centrally-sourced packaging that is distributed across its 38 European markets is chain-of-custody certified, with wood fibre coming from recycled sources or forests certified to one of ...
Tags: Mcdonald, wood fibre, board products
While Ford has made inroads into increased usage of aluminum sheet in its vehicles, it is still "too early" to expect additional steel-to-aluminum announcements from other major automakers such as Toyota and General Motors, Sean Stack, CEO ...
Tags: Ford, aluminum sheet, Steel
The Northwest European styrene monomer premium over feedstock costs has fallen to a 2015 low, Platts calculations show, as a balanced market left consumers eager to normalize November spreads over feedstocks to levels similar to the start ...
Tags: Styrene, feedstocks, premiums
Northwest European styrene monomer spot offtake remains lackluster this week on the back of supply length, with buyers predicting lower prices in the coming weeks and industry consumers keen to reduce stock levels for the end of the year, ...
Tags: styrene, Offtake Lackluster, styrenics products, Discounts
Draft EU rules on allocating forward electricity capacity have received a key approval from an EU committee of national government officials, formal EU power grid operators' body Entso-e said late Monday. "Clear rules on long-term trading ...
Tags: cross-border trading, third energy, electricity markets
Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
Premium meat and dairy producer, Truly Irish Country Foods, has enlisted warehousing and distribution experts, Oakland International, to expand distribution for their premium Irish meat and dairy product range across Ireland and the UK. ...
Tags: meat, dairy, Country Foods
Mercedes-Benz along with its joint venture partner Beijing Benz Automotive has started the production of GLC SUV at their production facility in Beijing, China. The new GLC SUV is the second localized SUV model at the assembly lines, ...
Tags: Mercedes-Benz, Automotive
China will launch a "toilet revolution" at tourist sites across the country this year to make the notorious facilities cleaner and more regulated, tourism authorities said on Thursday. China will spend three years to improve the toilets ...
Tags: "Toilet Revolution", Tourist Sites