Finnish firm Huhtamaki has signed an agreement to acquire India-based privately-owned flexible packaging firm, Positive Packaging, in a deal worth €247m ($336m). Following the acquisition, Huhtamaki will merge Positive Packaging ...
Tags: Huhtamaki, Positive Packaging, Packaging
Aujan Coca-Cola Beverages Company (ACCBC), which operates in the MENA region, has completed the previously announced acquisition of a majority stake in Lebanese distributor of Coca-Cola and Pampa products National Beverage Company (NBC). ...
Finland-based packaging supplier Huhtamaki has announced plans to sell its films business segment, in order to concentrate more on food packaging. The company's latest decision comes on the heels of evaluating options pertaining to its ...
Tags: Huhtamaki, business segment, ackaging
Ford’s European sales rose 6.6 percent in the first half of 2014 on the strength of new vehicle launches and an uptick in industry-wide sales. Ford's sales volume in its 20 traditional markets in Europe totalled 605,400 vehicles in ...
Tags: Ford, vehicle launches, Auto Parts
Alhokair Fashion Retail has unveiled plans to significantly grow the Marks & Spencer store portfolio in Saudi Arabia with a pipeline of 10 new store openings by April 2015. Alhokair will also open M&S’s new flagship store in Baku, ...
Ford Motor has unveiled plans to launch at least 25 new vehicles by 2016 in Middle East and Africa. The move is a part of the company's strategy to secure growth opportunities in small, mid-size and large vehicle segments. Ford said ...
Tags: Ford Motor, vehicles, Auto Parts
In 2013, the company reported a 10.8% growth in the first half. Chinese telecommunications firm Huawei has reported a 19% increase in its first half revenue in 2014 to $21.8bn, compared to last year, and 18.3% rise in the company's ...
Tags: Huawei, revenue, Accessories
Sweden-based food processing company AAK has agreed to acquire the Turkish frying oil brand Frita from Unilever. Frita is engaged in the frying oil segment in Turkey and covers a significant part of the local Food Service market. The ...
Zumtobel Group LED sales rose by 52.6 per cent compared to last year to €419 million. LED products now account for 33.6 per cent of revenues. These figures from the company’s 2013/14 financial results correlate with the ...
Tags: LED Sales, LED products, LED
Dubai has announced plans to build the largest shopping mall in the world under a giant glass dome. The mall ranks as one of the most ambitious projects ever attempted in the emirate – even by the elevated standards of the region. ...
Tags: Shopping Centre, Service, Lighting
Axalta Coating Systems recently announced that Mazda Europe has renewed its approval of Axalta's three global refinish brands – Cromax, Spies Hecker and Standox. The agreement, which is valid for another two years, confirms Axalta as ...
Tags: Construction, Decoration, Coating
One of the side effects of the world's deciding to avoid gluten and an increasingly insistent need to produce food sources of protein, is a surge in the popularity of lupins - legumes like soybeans, peas and lentils. In Australia, lupins ...
Apollo Tyres is set to invest $340m to strengthen manufacturing capabilities at its Chennai and Kalamassery, Kerala plants. As part of the expansion project, the company will boost truck and bus radial tyre capacity at Chennai plant to ...
Tags: auto parts, tire, tyre
Khalifa Industrial Zone Abu Dhabi (Kizad) has signed a 50-year land-lease agreement with Al Khat Packaging's subsidiary Gulf Printing and Packaging for new packaging facility. Said to be Al Khat's first production plant outside of Kuwait, ...
American ingredient solutions provider Ingredion has signed an agreement with Alliance Grain Traders (AGT) to distribute AGT’s pulse flours, protein and bran ingredients. The agreement includes consumer foods such as baked goods, ...
Tags: Ingredion, bran ingredients