US based auto parts maker LKQ has entered into an agreement to acquire Rhiag-Inter Auto Parts for €1.04bn to expand its presence in European market. Rhiag-Inter Auto Parts is pan-European business-to-business distributor of ...
Tags: LKQ, Rhiag-Inter Auto Parts, Auto
Ford Motor has issued three safety recalls and one safety compliance recall for about 317,000 vehicles. The biggest recall is on the Ford Crown Victoria and Mercury Grand Marquis sedan models, manufactured between 2003 and 2005, over ...
Tags: Ford Motor, recalls, Auto
U.S. space agency NASA said Tuesday it has suspended the planned launch of a Mars lander called InSight in March 2016 due to unsuccessful attempts to repair a leak in a French-built seismological instrument. "The bottom line is that we're ...
Tags: NASA, Mars Lander, Instrument Leak
Corrugated packaging company Pratt Industries has recently commissioned a new $260m containerboard production line at its greenfield paper mill in Valparaiso, in the US state of Indiana. The OptiConcept M board making line was supplied by ...
Tags: Pratt Industries, containerboard, Packaging
Belgium-based brewing company Anheuser-Busch has agreed to acquire Colorado-based Breckenridge Brewery, to expand its craft beer portfolio. Upon completion of the acquisition process, Breckenridge Brewery will become the seventh craft ...
Tags: Anheuser-Busch, Breckenridge Brewery, Food
Belgium brewer Anheuser-Busch will acquire Arizona-based craft brewer Four Peaks Brewing Company, in an effort to expand its portfolio of craft breweries. Following the acquisition, Four Peaks brewery will continue to brew all of its ...
Tags: Anheuser-Busch, beers, Food
Ball Corporation is planning to invest in the expansion of its manufacturing plant in Velim, Czech Republic, in a bid to cater to increasing demand for its impact extruded aerosol cans in Europe. As part of the proposed expansion, Ball ...
Tags: Ball Corporation, expansion, Packaging
Finland-based consumer and specialty packaging manufacturer Huhtamaki is expanding manufacturing capacity at its molded fiber packaging plant in Lurgan, Northern Ireland to better serve the growing egg market in the UK and Ireland. Work ...
Tags: Huhtamaki, molded fiber, Packaging
China's central bank offered a total of 100 billion yuan (15.4 billion U.S. dollars) in six-month medium-term lending facility (MLF) loans at 3.25 percent to 13 financial institutions on Friday. "The move is aimed at maintaining proper ...
Tags: Central Bank, Liquidity
Precoat Metals has acquired the metal coil coating and processing assets of Consolidated Metal Products, a business unit of Consolidated Systems. The assets located in Columbia, South Carolina, will be operated as a toll processing ...
Tags: Precoat Metals, carbon steel, Packaging
Plastic film supplier Rani Plast is planning to install a new Davis-Standard line with blown film die, which will enable the company to produce both high barrier agriculture films and non barrier conventional PE-based films. Scheduled for ...
Tags: Rani Plast, Davis-Standard line, Packaging
Zebra has released technology designed to enhance productivity in the Australian manufacturing and transport and logistics sectors. The new Windows 10-ready VC80 is said to virtually extend any PC-based application to material-handling ...
Tags: Zebra, Windows 10-ready VC80, Service
With distinctive sales channels, AdvancePierre Foods’ business model is designed to make sure quality goals transcend quantity goals. Today, it's underscoring this commitment to quality and the enrichment of the overall customer ...
Archer Daniels Midland Company (ADM) will purchase 50% stake in Egypt-based Medsofts Group. Together, the companies will own and manage supply chain and merchandising operations of grains, oilseeds, and soft commodities. The new joint ...
New Zealand-based dairy company Fonterra Co-operative Group is selling its Australian yogurt and dairy dessert business to Parmalat Australia. In this regard, both companies entered into negotiations which resulted in signingof the ...