Green packaging and tissue products producer Cascades will shut down its packaging facility in Maspeth, New York, US. The company has decided to close Maspeth packaging plant, as part of its efforts to modernize and optimize operations in ...
Tags: Green packaging, tissue products
Japanese automaker Nissan has agreed to sell its electric battery business to GSR Capital, a Chinese investment firm, for an undisclosed amount. As per the agreement, Nissan will be selling its battery subsidiary Automotive Energy Supply ...
Tags: Nissan, Electric Battery
Guardian Industries is investing in a new float and coated glass manufacturing facility in Czestochowa, Poland. The new plant will meet the increasing demand for float, coated and fabricated glass products across Europe. Located next to ...
Tags: Guardian Industries, Coated Glass
Huawei is likely to outpace Apple to become the second largest smartphone vendor globally in the third quarter of 2017 as sales of China-based vendor's high-end P- and M-series as well as the more affordable Honor-branded models have ...
Tags: Huawei, Smartphone
IMCD, a distributor of speciality chemicals and food ingredients, has signed an exclusive agreement with Givaudan to distribute the latter's flavours range in the food and nutrition markets across Germany, France, Italy, Spain, the UK, ...
For second-quarter 2017, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $115.1m, up 22% on $94.4m last quarter and up 53% on $75.3m a year ago. However, this includes ...
For fiscal fourth-quarter 2017 (ended 1 July), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $149.4m (split about 50:50 between client-side/datacoms ...
Green packaging and tissue products manufacturer Cascades is investing $80m to build a new containerboard packaging facility in Piscataway, New Jersey, US. The new center, which is due to start operations in 2018, will produce corrugated ...
Tags: packaging, tissue products
German automakers including Volkswagen, BMW and Daimler have agreed to upgrade more than 5 million newer diesel vehicles across Europe and to offer rebates for older models. The upgrades are expected to cut down pollution from diesel ...
Tags: automakers, Diesel Emissions
Packaging materials developer Tekni-Plex is expanding its Tekni-Films operations in Italy via an acquisition. The company acquired the self-adhesive tape substrate operations of Alfatherm SpA of Venegono Superiore (VA), Italy. The ...
Tags: Tekni-Plex, Adhesive Tape
Ampacet, a manufacturer of additive masterbatches for flexible packaging and rigid packaging, has opened a new masterbatch production facility in Dandenong, Australia, to extend its footprint in the region. The new facility manufactures ...
Tags: Ampacet, flexible packaging
German paper company Voith has received an order from Portuguese pulp and paper firm The Navigator Company to supply its XcelLine tissue machine. The XcelLine tissue machine’s production line has been designed to produce ...
Tags: paper, Tissue Paper Machine
French automaker PSA Group (Groupe PSA) has completed the acquisition of General Motors' (GM) European brands Opel and Vauxhall. With the acquisition now being officially complete, PSA Group has become the second largest automaker in ...
Tags: PSA Group, General Motor
Kush Bottles has agreed to develop customized packaging for CannaKorp’s single use, pod based vaporizing system, CannaCloud. CannaKorp’s system has been dubbed the Keurig for Cannabis. It is led by various former Keurig ...
Tags: Kush Bottles, Vaporizing System
Corrugated packaging company Smurfit Kappa has reported a drop in second-quarter profit but said its revenue increased, due to strong demand in majority of markets. The company's pretax profit during the three months ended 30 June 2017, ...
Tags: Corrugated packaging, packaging