Italian automotive component manufacturer Eldor will invest about $75m in the Botetourt County of Virginia, US. The plant will create 350 jobs in the region which will be Eldor's first plant in the country. The company manufactures ...
Fresh food packaging manufacturer Linpac is planning to invest €8m in new extrusion and thermoforming capacity in Pravia, Spain, to meet growing demand for PET and rPET. In order to deliver a greater range of lighter, more ...
Tags: Fresh food packaging manufacture, Linpac, Investment, PET, rPET
BMW has announced a new strategy under which it would focus on electric vehicle technology, autonomous driving technology and invest in new technology to complete against companies like Google and Uber. It will focus on broadening its ...
Tags: BMW, Vehicle technology, Automated driving, Goole, Uber
John Lewis has continued to outperform the market in uncertain trading conditions, with gross sales up 2.8% to £4.56bn (4.4% on a 52 week basis). To ensure that customers can shop whenever and however they want, John Lewis has ...
Tags: John Lewis, Trade condition, Annual summary
UK retail footfall in February was 1.1% down on a year ago – lower than the 1.2% rise seen in January and the three-month average rate of -0.8% – according to the latest BRC/Springboard Footfall and Vacancies Monitor. ...
Tags: BRC, Retail football, Goverment support
Swiss food company Nestle is planning to invest over €25m for expansion of its research and development center in Askeaton, Ireland. The expanded facility will be located at Nestle's current plant in Askeaton. The facility ...
Tags: Nestle, Investment, Expansion, R&D
Dairy company Agri-Mark is planning to invest $30m in a cheese manufacturing facility in Chateaugay town in New York. The company plans to renovate the roughly 100,000ft2 facility by deploying new cheese vats and other equipment to ...
Tags: Agri-Mark, Investment, Renovation, Manufacturing facility
Nampak Plastics, the UK based producer of plastic milk bottles, is planning to set up a new plant in Stirling, Scotland, to manufacture a range of plastic milk bottles. As part of this effort, the firm has signed a lease deal on 20,000 ...
Tags: Nampak Plastics, Plastic bottles, Investment
ConAgra Foods’ Lamb Weston business has announced to invest $30m to expand operations at its facility in Boardman, Oregon. The expanded facility will enhance the processing capacity to make formed products such as hash brown ...
Tags: ConAgra, Lamb Weston, Potato, Investment
Ford has established Ford Smart Mobility, a subsidiary which will specifically design, build, grow and invest in emerging or future mobility technology. Jim Hackett, the former chairman and CEO of Steelcase has been appointed as the ...
Tags: Ford, Mobility technology, Jim Hackett
General Motors announced that it is acquiring Cruise Automation, a startup company that makes self-driving kits for certain types of cars. With this deal, General Motors will add Cruise Automation's software talent and rapid ...
Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...
Tags: low milk prices, Murray Goulburn
Coca-Cola bottling firms Kandhari Beverages and Enrich Agro Food Products are planning to invest Rs5.1bn ($75.6m) to build manufacturing lines in Haryana state. A memoranda of understanding in this regards has been signed by the two ...
Tags: Coca-Cola Bottlers, Food Products
Toyota announced that it has hired Jaybridge Robotics engineering team in order to strengthen its autonomous vehicle development effort. The 16 member Jaybridge engineering team will join Toyota Research Institute's (TRI) facility in ...
Bridgestone has announced that it will invest $164m over a period of five years to expand its passenger tire manufacturing plant in Wilson, North Carolina. The company wants to improve the plant's global competitive position by installing ...
Tags: Bridgestone, Investment, Expansion