Chinese LED manufacturer Ledman announced it will be acquiring Infront Sports and Media for EUR 25 million (US $27.35 million) on Thursday. The main purpose of this investment is to strengthen Ledman’s participation in international ...
Tags: Ledman, international sports market, LED
German lighting giant Osram announced it will be spinning off its general lighting business including general LED lighting into an independent company. Osram Lamp According to the company statement: “This business includes the ...
Tags: Osram, LED lighting, general lighting
Annual production of laser-based manufacturing systems made by companies at German locations for the first time exceed the billion euro mark, according to data compiled by the German Engineering Federation (VDMA), Laser and Laser Systems ...
Tags: Laser Systems, solid-state lasers
Osram’s transformation is making further progress: the company has agreed to sell its 13.5% stake in the Chinese company Foshan Electrical and Lighting (Felco) to a subsidiary of Guangdong Rising Assets Management With this move, ...
The Northwest European styrene monomer premium over feedstock costs has fallen to a 2015 low, Platts calculations show, as a balanced market left consumers eager to normalize November spreads over feedstocks to levels similar to the start ...
Tags: Styrene, feedstocks, premiums
Grammer has signed a contract for the acquisition of the Reum Group, a provider of surface, plastics and metal technology. Reum is specialized in developing and manufacturing high-quality, design-oriented metal and plastic combinations, ...
IIC-Intersport International Corporation has signed a license agreement for the territory of Ukraine with Epicentr K. This agreement exclusively allows Epicentr K to open Intersport stores in Ukraine, sell Intersport’s private label ...
Tags: IIC-Intersport, Epicentr K, sporting
Automobile major Fiat Chrysler Automobiles (FCA) is on the verge of taking a final call on whether to divest its auto parts wing Magneti Marelli in the face of potential buyers expressing interest. Two private equity funds based out of ...
Tags: automobile manufacture, auto parts, FCA
Magna International has inked a pact to purchase automotive transmissions supplier Getrag Group of Companies (Getrag) in a deal valued at 1.75bn Eur. Likely to close by this year-end, the transaction for the 100% equity incorporates ...
Tags: automobile manufacture, company acquision, Getrag Group
Latvia’s largest alcoholic beverages wholesaler SPI Distribution (Latvia) has changed its name and from July will work under the name Amber Distribution Latvia. According to Seymour Ferreira, Board Chairman of Amber Beverage Group ( ...
A Finnish research and product development company Spinnova is developing fibre to yarn (F2Y) technology which is completely different from traditional textile yarn production. F2Y technology uses no chemicals to dissolve wood fibre to a ...
Tags: F2Y, VTT Technical Research Centre, Textile
After nine regional and three central rounds of negotiation, BAVC and IG BCE have reached an accord in the wage dispute: remuneration for the 550,000 employees at the 1,900 plants of the chemical and pharmaceutical industries will rise 2.8 ...
Tags: Wage Agreement, BAVC, Construction
Royal Philips, the global leader in lighting, has been selected by the city of Szczecin in Poland to renew its street lighting system with LED technology. By September 2015, Philips will replace 5,000 existing street lights with new LED ...
Tags: Philips, LED Technology, Lights
PV modules produced by 22 China-based makers have been seized by customs authorities at several seaports in Europe in investigations of alleged violation of floor import pricing and annual import quota agreed between the EU and China, ...
Tags: PV Module, Solar Energy
BASF is raising prices for Formic Acid 85% by 40 EUR/mt (or 45 USD/mt) in Europe effective immediately or as existing contracts permit. Prices for Formic Acid 94% will be increased accordingly on a pro rata basis. Formic acid is a ...
Tags: formic acid, BASF