Renault-Nissan Alliance and AVTOVAZ have opened the new EUR400m car manufacturing plant in Togliatti, Russia. The company said that the Lada Largus multi-purpose van is the first car off the new line from the AVTOVAZ plant in Togliatti. ...
Tags: Renault-Nissan Alliance, AVTOVAZ, EUR400m car, multi-purpose van
KP snacks–the maker of Hula Hoops,KP Nuts and McCoy's–has been bought from United Biscuits by German firm Intersnack for an undisclosed sum. KP Snacks has been bought by Intersnack for an undisclosed sum Analysts had long ...
Tags: KP snacks, Intersnack, Hula Hoops, KP Nuts, McCoy
Britain's food industry was rocked by two announcements over the past month.Premier Foods broke the news that it was to close bakeries in Birmingham and Greenford,west London and restructure its distribution operations with the loss of 900 ...
Tags: Britain's food industry, Premier Foods, Vion, meat processing
Oil and Natural Gas Corporation (ONGC) and GAIL (India) are much interested in acquiring a stake in the Kochi petrochemical project. The Rs. 50 billion project is being jointly implemented by Bharat Petroleum Corporation Limited (BPCL) ...
Tags: petrochem project, Petrotech Conference, petrochemical complex, refinery
Bosch Packaging Technology has concluded its previously announced acquisition of Ampack Ammann, a filling and packaging machine company in Germany for an undisclosed amount. The agreement was originally signed in July 2012. Bosch ...
Tags: Bosch, Ampack, acquisition
Swedish truck maker Volvo has signed a deal to increase its stake in German engine manufacturer Deutz, from the current 6.7% to about 25%, by acquiring a total of 22.12 million shares from Same Deutz-Fahr Group. Volvo will pay EUR5.88 per ...
Tags: Volvo, medium-duty engines, Deutz, commercial cooperation
Computerworld-Hewlett-Packard's Storage division Monday released upgrades to three product lines.A product marketing director called the upgrades the Storage division's biggest news since acquiring 3Par in 2010. HP said it's upgrading the ...
Tags: storage portfolio, three product lines, HP, 3PAR StoreServ Storage
Vodacom (VOD) has obtained a long-term insurance license to venture into South African insurance industry from regulatory agency, Financial Services Board (FSB). The current license is a long term along with the short term license granted ...
Tags: Vodacom, insurance license, South Africa, insurance industry
MAUSER’s reconditioning subsidiary, National Container Group (NCG) has acquired the majority shares of the Italian company Maider IBC, a reconditioner of IBCs. MAUSER hopes to further strengthen its overall footprint and complete ...
Reportedly, French Industry Minister Arnaud Montebourg on Monday said that ArcelorMittal was not keeping promises to French government over the plant issue in Florange industry. Suffered from the profit losses over years, ...
Tags: the profit losses, the world's largest steelmaker, blast furnaces
The antique rug world has seen many changes over the past few years and while the economic atmosphere would seem detrimental to the demand for these luxury items, in reality there has never been a better time for these works of art. ...
Tags: rug, antique rug, rug market, rug industry
FleetPride, a US-based supplier of heavy-duty truck and trailer parts, has acquired Clutch and Transmission Service, which operates as CATCO Parts & Service. The acquisition includes 18 locations in Minnesota, Wisconsin, North Dakota, ...
Tags: heavy-duty truck, trailer parts, clutch and transmission service
Lear (LEA), a supplier of automotive seating and electrical power management systems, has acquired Guilford Mills, a provider of automotive and specialty fabrics, for $257m. The company said that the acquisition will strengthen and grow ...
Tags: automotive seating, electrical power management systems
Mohawk Industries Inc. announced 2012 third quarter net earnings of $70 million and diluted earnings per share (EPS) of $1.01. Excluding restructuring charges, net earnings were $72 million and EPS was $1.04, a 25% increase over last year's ...
Tags: net earnings, Net sales, SmartStrand Silk, carpet market
With mixed emotions and expectations, retailers jumped into the Thanksgiving shopping weekend with Black Friday sales promotions that saw equally uneven results. Sid's Bikes NYC's Eastside Manhattan store entered the Black Friday fray for ...
Tags: Black Friday, Thanksgiving shopping weekend, sales promotions