India based food contract packer Schreiber Dynamix Dairies (SDDPL) has launched a second aseptic food processing and packaging facility at Fazilka in the state of Punjab, with an investment of Rs1bn ($14.8m). Launched in International ...
The European Bank for Reconstruction and Development (EBRD) has granted €20m loan to Croatian packaging producer Aluflexpack Group (AFP Group) to fund the expansion of its flexible packaging product range and aluminium-based product ...
Tags: Flexible Packaging, packaging
French-based private label biscuit maker Biscuits Bouvard has acquired Belgian pastry manufacturer Pidy for undisclosed sum. Pidy, which specializes in manufacturing ready-to-fill sweet and savoury products, has production facilities in ...
Tags: label biscuit, biscuit
The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely. The central parity rate of the yuan weakened 10 basis points to 6.6971 against the U.S. dollar, the weakest ...
China-based Huawei and Xiaomi have entered the notebook market and Korea-based smartphone brand vendors Samsung Electronics and LG Electronics are also releasing products for the market. Sources from the upstream supply chain have commented ...
Tags: Smartphone, Notebook
China will overhaul its investment and financing system to stimulate market vitality amid the economic downturn, according to a document released Monday by the central authorities. The government will cut red tape, improve supervision and ...
Tags: Financing Reform
The Adidas Group officially laid the foundation stone for two new employee buildings at its headquarters in Herzogenaurach. 'Campus Expansion South is a further key prerequisite for the company's continuing growth and includes a new ...
HanesBrands has completed the acquisition of Pacific Brands Limited, the leading underwear and intimate apparel company in Australia. The acquisition of Pacific Brands adds Bonds, Australia’s top brand of underwear, babywear and ...
Bern Unlimited Inc. has promoted Jeff Cavicchi, formerly National Sales Manager, to Director of Global Operations and named three new leaders to head up sales both in the U.S. and overseas. Cavicchi, a 20-year veteran of the bike ...
Tags: Bern, bike industry
Spanish Ebro Foods has acquired a controlling stake in flour producer and retailer Santa Rita Harinas for €4.8m ($5.34m). In a statement to Spain’s National Securities Market Commission (CNMV), Ebro said that it has bought 52% ...
Tags: Ebro Foods, Santa Rita
Bega Cheese has published its first ever sustainability report. Looking back on its 2015 financial year, the report examines the dairy company's environmental and social impacts. It reveals that Bega Cheese achieved a 7 per cent ...
Tags: Bega Cheese, Cheese
Henniges Automotive Holdings announced that it is opening a plant in Prudnik, Poland. This strategic positioning is part of Henniges' continued efforts to expand the company's global footprint. Henniges Automotive Holdings sales and ...
Infineon Technologies AG of Munich, Germany has entered into a definitive agreement to acquire the Wolfspeed Power & RF division of Cree Inc of Durham, NC, USA for $850m in cash (about €740m). The deal also includes the related silicon ...
Riber S.A. of Bezons, France, which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells, has reported a 23% rise in revenue from €5.7m in first-half 2015 to €7m in first-half 2016, ...
Tags: Riber MBE, molecular beam epitaxy
US-based private equity firm KKR has committed to invest INR520 crore in India’s dairy company Kwality to support is growth plans. Kwality will utilise the funds for capital expenditure purposes to further strengthen its milk ...
Tags: INR520 Crore, private equity