General Electric (GE) announced plans to invest US$ 30 million and add more than 150 jobs in U.S., expanding capacity of GE Lighting’s domestic manufacturing operations to meet growing consumer demand for GE energy-efficient soft ...
Tags: Bulb Production, Lighting
Elec-Tech International (ETI) revenues grew 10.52% to RMB 1.35 billion (US$ 220 million) in 1H13, according to the company’s 1H13 financial report released on Aug. 24. However, the company’s net income plunged 59.38% compared to ...
Japanese-German plastics machinery maker Sumitomo Demag Plastics Machinery is planning to expand annually its injection molding machines (IMM) production capacity at its Chinese subsidiary Demag Plastics Machinery. Featuring an investment ...
Tags: IMM Production Capacity, Packaging
The WTO lawsuit is expected to reach a verdict at the end of this year. Members of the Chinese Society of Rare Earths (CSRE) and Association of Rare Earth Industry (ACREI) have expressed that China has a high chance of losing the lawsuit ...
Tags: Rare Earth, Metallurgy, Mineral, Energy
Emerging markets are set to offer Australian businesses opportunities for growth over the coming year, according to research conducted by CFO Research in collaboration with American Express. According to the survey, almost a quarter (22%) ...
Tags: Emerging Markets, Transport, Service
Recently Foton Motor declared that they will invest 3.2 billion Yuan to construct new plant in Sanshui District, Foshan City, and the new base can produce 240,000 vehicles a year and they will produce pickups and SUVs. Sanshui production ...
Tags: Foton Motors, Transportation, vehicle
Affected by the higher scrap prices and lower production capacity, the Korean major steel mills have planned to hike bar price and the price rise is expected to become effective in this month. However, it’s said that the price rise ...
Tags: Steelmakers, Bar Prices
Tyson Mexican Original, a subsidiary of US-based Tyson Foods, has announced plans to expand its manufacturing facility in Portland, Indiana, with an investment of $5.3m, a move which will create about 13 new jobs by 2016. Tyson Mexican ...
US-based cream cheese manufacturer Franklin Foods has opened a new manufacturing facility - Franklin Foods West - in Casa Grande, Arizona. The facility expands the company's growing food service, industrial, retail private label and ...
Tags: cream cheese, Franklin Foods
As Cree continues to see its revenues increase, the company also expects to see its profit margins remain at 38% in 2013, according to Digitimes Research. Digitimes Research attributes several factors to Cree's performance in 2013, such ...
A meeting has been held by the authorities in China's Hebei Province to discuss the environmental protection and air quality improvement plans of the province, with the focus on targeting the problem of overproduction in the local steel ...
Tags: Steel Output, Mineral
It was usually quiet Friday morning at the Baoshan Cement Co., Ltd. factory in east China's Jiangxi Province. The factory's production lines were shut down after it was put on a list of companies designated by the Ministry of Industry and ...
Following the success of similar previous facilities built for Vietnam Brewery Limited (VBL), Sidel was asked to install another high-speed, beer-canning line. The new line was the third in as many years for VBL, of which Heineken: "The ...
Tags: Packaging, Printing, Processing Machinery
German carmaker Volkswagen has commissioned a new engine manufacturing plant in the north-eastern Chinese city of Changchun. Opened in collaboration with the German carmaker's Chinese joint venture FAW Group, the new 94,000m2 Volkswagen ...
Tags: Volkswagen, Engine Plant
Ajinomoto Brazil, a subsidiary of Japanese ingredients company Ajinomoto, has completed the expansion of its Limeira facility in Sao Paulo, Brazil. The company announced the BRL47m ($19.6m) investment in 2012 to substantially expand its ...
Tags: Ajinomoto, ingredients