Owens Corning is expanding its non-wovens business by $130 million in North America, the company announced today. The building-materials producer is constructing a new facility that will house a manufacturing line, coating capability, and ...
Tags: Owens, Glass, Construction&Decoration
A decade ago, few leaders in the apparel industry would have predicted the high level of technical expertise, quality, and design sophistication we are seeing in China’s knitwear business. While opinion once held that Italian and ...
Tags: Chinese Spinners, Yarns
To meet the growing demand for gallium in LED manufacturing in North-East Asia, specialty metal and chemical products firm 5N Plus Inc of Montreal, Quebec, Canada is to invest in a new gallium chemicals facility to be located in South ...
Tags: 5N Plus, LED, Electrical, Electronics
UK-based Burton’s Biscuit is investing £4.6m at its facility in Llantarnam, south Wales to boost production and support new product development, a move which safeguards 800 jobs at the facility. The new investment is part of ...
Tags: Biscuit, Agriculture
India’s leading apparel retailer Pantaloons Fashion and Retail Ltd. is planning to invest up to Rs 1.75 billion in the next 12 months time for store expansion in small towns of the country. The company that has recently undergone a ...
Tags: Pantaloons, Store Expansion
Exor, the main shareholder in Italian carmaker Fiat, has sold 15% stake in its Swiss inspection services firm, SGS, to Belgian investment firm Groupe Bruxelles Lambert’s subsidiary, Serena of (GBL) for about EUR2bn. The move frees ...
Tags: Fiat Owner, SGS Stake
Speculation is rife that Ford Australia is set to announce today the closure of its Broadmeadows and Geelong production plants. The local car maker issued a statement at 9:15am today alerting the media to a press conference at 10:45am, in ...
Tags: Auto, Transportation, Ford
Nepalese billionaire Binod Chaudhary is reportedly planning to install a state-of-the-art cement plant in Jaffna, eastern Sri Lanka. At a cost of US$75 million it has not yet been reported what the production capacity of the new plant will ...
Tags: Shows Market, Construction
Digital Signal Corporation, which offers facial recognition and identity management solutions, today announced that it has secured $50 million in funding from Technology Control Corporation ("TCC"). TCC has the option to increase the ...
US natural gas prices will remain stable in the $3-$4/MMBtu range for the rest of the year, three-quarters of the global energy executives surveyed by consulting firm KPMG said in a poll released Friday. "Greater assurance of supply ...
Tags: Energy, Metallurgy, Mineral, natural gas
Ubitus Inc. today announced it has raised over $15 million cash from multiple international leading investors including Samsung Venture Investment Corporation (Samsung Ventures) for further spearheading the push of cloud gaming to next ...
Tags: Samsung, Cloud Gaming
One of the world's biggest petrochemical producers – Saudi Arabian Basic Industries Corporation (SABIC) is eagerly eyeing to invest in Peru, Andina reported quoting SABIC President for South America, Ricardo Knecht. Participating in ...
In spite of difficult market conditions in its core fiber business, the Lenzing Group succeeded in achieving the second-best business result in its history in the 2012 financial year. This can be attributed to new record fiber sales volumes ...
Tags: Textile, Textile Industry
The textile industry of Pakistan has urged the country’s central bank to reduce the interest rate to 8 percent from the current 9.5 percent. The request has been made ahead of the key policy rate announcement likely to be made ...
Tags: Textile Industry, Textile
Divine Cycling Group, the new investment group that recently purchased Mad Fiber, has hired industry veterans Jasen Thorpe and Brett Lindstrom. DCG aims to acquire other companies in the bicycle industry. Thorpe joined DCG’s ...