Swedish chicken producer Scandi Standard has agreed to acquire Lagerbergs in a SEK105m ($12.7m) deal. The company has signed an agreement to this effect which is subject to Swedish competition authority approval. Said to be the third ...
China is adopting a more welcoming attitude toward the Trans-Pacific Partnership (TPP), a US-led free-trade agreement now being negotiated by 12 countries, the official media has reported. Zhang Jianping, director of the department of ...
Tags: Trans-Pacific Partnership, FTAAP
Tesla Motors is planning to modify its electric cars to meet China’s charging standards, in order to boost sales in the country by eliminating concerns over its technology incompatibility. A national charging standard is being ...
Tags: Tesla, Electric Cars
Shell today announces that it has been chosen by BMW AG as its only recommended global supplier for aftermarket engine oils for the following BMW brands: BMW, BMW i, BMW M, MINI and BMW Motorrad. From the start of 2015, premium engine ...
Tags: Shell, Engine Oil
Wholesale prices fall from the boom years as oversupply hits the industry Tumbling prices have left the traditional Chinese medicine industry in poor health. Finding the cure will not be easy. Oversupply, poor planning and increased ...
The nuclear energy industry is pushing to keep a critical export agreement with China on the books beyond the end of this year. A nuclear cooperation agreement that allows United States companies to export their products and ...
Nomad Holdings has completed the previously announced acquisition of frozen food company Iglo Foods from Permira Advisers for €2.6bn. Said to be Europe's largest branded frozen food company, Iglo operates in 12 countries in Europe, ...
Tags: Agriculture, Food, frozen food
The Bangladesh Employers' Federation (BEF) and International Labour Organization (ILO) have signed an agreement to enhance occupational safety and health (OSH) in the Bangladesh readymade garment industry (RMG). The agreement marks the ...
Tags: readymade garment, apparel
US-based beverage company Iconic Brands has acquired a majority stake in BiVi, a distributor of premium Sicilian Vodka. With this deal, Iconic is aiming to focus on the premium spirits market. The firm believes that BiVi acquisition is ...
Tags: Iconic Brands, beverage
Hormel Foods has agreed to acquire Applegate Farms, a natural and organic meat products manufacturer, for around $775m. The companies have reached a definitive agreement to this effect. Applegate will operate as a separate, stand-alone ...
Berghaus, an outdoor brand said it has joined the international Bluesign sustainability system, which is part of an ongoing programme designed to eliminate harmful substances from the firm’s supply chain. “Berghaus will do ...
Tags: Berghaus, outdoor brand, textile mills
Suntory Beverage & Food (SBF) has signed a basic agreement to buy beverage business of Japan Tobacco (JT) for $1.2bn. According to SBF, the deal also includes acquisition of canned coffee brand Roots and peach-flavored drink brand Momono ...
Tags: Suntory, Japan Tobacco
Nigeria’s textiles traders are a worried lot over the increasing Chinese footprint in the country. While the proliferation of Chinese-made textiles is a boon for low income consumers, traders in Kano, northern Nigeria’s biggest ...
Tags: textile market, textiles
Global packaging and paper group Mondi has agreed to acquire two extrusion coating facilities from Walki Group for EUR60m. The transaction includes Walki's industrial packaging facilities in Pietarsaari, Finland and Wroclaw, Poland. ...
Tags: paper packaging, Packaging
India’s largest bank, State Bank of India is aggressively trying to grab a piece of the business in the digital commerce space and has tied up with three major e-commerce players in the last two days. On May 21, SBI signed two ...
Tags: State Bank of India, E-Commerce