Scania has been awarded a contract to supply 231 K 230 4X2 city buses to the Chilean capital Santiago’s Transantiago transport system. The sale will facilitate Scania to start its operations in the Transantiago, linking bus lines ...
Tags: Scania, city buses, Transantiago
The Sherwin-Williams Company announced it has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. Sherwin-Williams will pay ...
Tags: Sherwin-Williams, Comex
Symrise has opened a €12m flavors and fragrances center in São Paulo, Brazil, as a part of its effort to strengthen the development of products tailored for the Latin American market. The Center of Excellence will combine ...
Tags: development of products, flavors and fragrances center
US-based plastic stretch wrap manufacturer Stretch Wrap Packaging Industries has announced an investment of $12m to relocate its manufacturing plant from Suriname, South America to Fort Lauderdale. Stretch Wrap Packaging vice president ...
Tags: Wrap Packaging, plastic stretch wrap, manufacturing plant
Irish corrugated paper and packaging company, Smurfit Kappa has completed its previously announced acquisition of Orange County Container Group (OCCG) for a total cash consideration of $340m. Smurfit Kappa CEO Gary Gann said the ...
Tags: paper and packaging, acquisition, OCCG, containerboard
Grupo Phoenix's subsidiary Phoenix Packaging Operations, which manufactures thermoformed rigid plastic packaging, has announced plans to expand its operations in Pulaski County, Virginia, US with an investment of $20m. Phoenix Packaging ...
Tags: packaging, Grupo Phoenix, expand, virginia
US life insurer MetLife is set to launch a third-party asset management business to tap opportunities in private asset sectors, including real estate equity, commercial mortgages and private placement debt. The proposed business will ...
Tags: MetLife, asset management, private asset, commercial mortgage
RSA has signed an agreement with Rotterdam-based underwriting firm Charterama to jointly market and distribute Charterers’ Liability cover on a global basis, effective from 1 November 2012. Under the terms of the agreement, RSA will ...
Tags: RSA, Charterama, liability, insurance, insurance market
Clariant, a world leader in specialty chemicals, announced sales of CHF 1.923 billion in the third quarter 2012, up 3% compared to CHF 1.865 billion in the previous-year period. In local currencies, sales were 3% lower. In the third ...
Tags: Specialty chemicals firm, chemicals firm, sales, chemical industry
More than 1,500 Hennes and Mauritz (H&M) fans lined up for over 6 hours outside of the Mexican flagship store in Centro Comercial Santa Fe. On hand to welcome customers and count down the excitement was Denisse Guerrero from pop group ...
Tags: H&M, flagship store, first store in Mexico
AXIS Capital Holdings has reported net income attributable to common shareholders for the second quarter of 2012 of $168m, or $1.35 per diluted common share, up by 66% from $101m, or $0.79 per diluted common share, during the same period ...
Tags: AXIS Capital Holdings, net income, second quarter, common share, insurance
The ACE Group, a provider of insurance and reinsurance services, has appointed Juan Alberto Vélez Arredondo as its new regional president for Latin America, ACE Life. Reporting to ACE Life president Russell Bundschuh, Velez will be ...
Tags: ACE Group, insurance, reinsurance service, insurance service
German automaker Daimler is planning to invest about $170m at its Centro Industrial Juan Manuel Fangio plant in Buenos Aires, Argentina, over the next two to three years. The investments are aimed at developing new commercial vehicle ...
Tags: Daimler, commercial vehicle, new bus, truck, van models
Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
Zurich Insurance Group (Zurich) has reported a business operating profit (BOP) of $1.13bn for the second quarter of 2012, with a slump of 12% from $1.28bn during the same period last fiscal. Zurich headquartered underwriter said that its ...
Tags: Zurich Insurance, operating profit, net income, insurance