Japanese automobile manufacturer Mitsubishi Motors will cease output at its manufacturing unit in Normal, Illinois, in the US by November-end, while scouting for a potential buyer. Though the move is pending a final decision to be taken ...
Tags: Mitsubishi Motors, automobile
German automobile manufacturer BMW has launched its X6, the Sports Activity Coupe (SAC) in India. Philipp von Sahr, President, BMW Group India said, "BMW established the Sports Activity Coupe (SAC) segment with the introduction of BMW X6 ...
Tags: automobile manufacture, BMW, BMW X6
Japanese automotive giant Toyota may shelve its plan to promote its luxury Lexus brand in China, thanks to slowdown in the country’s automobile sector coupled with a weaker yen. With China's automobile market registering a growth ...
Tags: automobile manufacture, Toyota, car promotion, Lexus
US-based flexible packaging products maker Bemis Company has inked a pact for the acquisition of South American rigid plastic packaging business of Brazilian firm Emplal Participa. The transaction, contingent upon customary closing ...
The European Commission has launched a probe into the proposed purchase of UK-based can manufacturer Rexam by the US firm Ball Corporation, to ascertain whether it conforms to the EU Merger Regulation. The investigation is born out of ...
Tags: beverage can, aluminum bottle
Lightweight composite materials firm Continental Structural Plastics (CSP) has claimed that TCA Ultra Lite, currently in production for General Motors’ (GM) 2016 Chevrolet Corvette, has pared down 20lb (9kg) from the Stingray Coupe ...
Pump manufacturer Concentric AB will lay off 34 staff as part of its plan to restructure its new manufacturing unit in Chivilcoy, Argentina, in the wake of drooping demand in commercial vehicle market in South America. The entire one-off ...
Tags: Pump, commercial vehicle
Ethylene glycol manufacturer MEGlobal has announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be $1,000/mt CFT Asian main ports for arrival in August 2015. The new price is $100/mt lower than July 2015 ACP ...
Switzerland-based textile machinery manufacturer SSM Schärer Schweiter Mettler AG has promoted its longstanding sales representative in China, Steven Lin, as sales director China. Lin will lead a newly formed sales team with the ...
Tags: textile machinery, textile
Malaysia's Penfabric has become the world's first integrated textile company undertaking yarn spinning, greige weaving to dyeing and finishing, to be awarded the STeP by Oeko-Tex certificate for sustainable textile production and with it, ...
Tags: integrated textile, yarn spinning
At its 14th Global Supplier Award ceremony in Stuttgart, Germany, Robert Bosch GmbH has presented Dr Reinhard Ploss, CEO of Munich-based Infineon Technologies AG, with an award in the 'Innovations' category in recognition of the firm's ...
China's big players are gearing up for a price war in the high-end smartphone sector, and the only big winner will be the consumer. Xiaomi Corp, Huawei Technologies Co Ltd and ZTE Corp's Nubia have all rolled out new products in what has ...
Tags: high-end smartphone, smartphone
Mediterranean Greek cuisine products manufacturer Gaea has launched its new rebranded olive oil and olive snack pack collection. The exclusive line of extra virgin olive oils and on-the-go snack packs were crafted to allow the everyday ...
Tags: cuisine products, olive oil, olive snack pack collection
Sports car manufacturer Porsche, an arm of German automotive giant Volkswagen, will pump in more than Eur1.1bn for modernizing its manufacturing units for launching more car variants by 2020. The initiative comes under an agreement, ...
Tags: automobile manufacture, Porsche, Volkswagen, Sports car
Alibaba.com, the world’s largest e-commerce company, has launched a reseller platform in India in a bid to muscle its way to a larger share of the country’s e-commerce market, according to media reports. A reseller is a ...
Tags: textile manufacture, Alibaba.com, apparel, handicrafts