Crown Holdings today announced its financial results for the first quarter ended March 31, 2014. First Quarter Highlights -Mivisa acquisition approved by European Commission -Income per diluted share $0.17; Before Certain Items $0.57, ...
Tags: Crown Holdings, Beverage segment
Japanese automotive parts maker Bridgestone Group has commenced the construction of its new passenger car radial tire plant in Ulyanovsk Oblast, Russia. With this move, the company is seeking to meet this demand growth with local ...
Tags: Passenger Car Tire, Tire, Tyre, Auto Parts
Bayer MaterialScience is increasing its production capacities in the Asia/Pacific region to meet the continued growth in demand there for raw materials for coatings and adhesives. Ground was broken at the site in Shanghai, China, recently ...
Tags: Construction, Decoration, Coatings
New Zealand-based dairy firm Fonterra has begun construction of its new IDR357bn ($31.3m) blending and packing facility at Cikarang in West Java, Indonesia. The plant is expected to be the company's first manufacturing facility in the ...
Tags: Dairy Packaging, Packaging
South Korean automaker Hyundai Motor is set to establish its fourth plant in Chongqing, China, with an investment of $926.48m. This move is aimed at increasing the company's global market share in the automotive industry. The ...
Tags: automaker, Hyundai, automotive industry
Austria-based plantmaker Siemens Metals Technologies has announced that it has received an order from South Korean steelmaker Hyundai Steel for a continuous bloom casting machine, a large bar rolling mill and a small bar and wire rod mill ...
South Korean automaker Hyundai Motor is set to commence the production of heavy-duty trucks in China in 2014. The company will produce its Trago cargo and dump trucks at a new manufacturing plant in Sichuan province, which is slated to ...
Tags: Heavy-Duty Trucks, Truck, Transportation
China's domestic copper cathode output is expected to rise 5.6% year on year to 6.6 million mt in 2014, an analyst from state-owned nonferrous metals information division Beijing Antaike said Wednesday. In 2013, China's output stood ...
Tags: scrap, copper cathode, Mineral
From the outside, it's hard to imagine that the Flexan Corp. facility in an unassuming neighborhood in Chicago serves as the headquarters for a thriving global enterprise. But the 65,000-sq.-ft. complex not only houses production for the ...
Hempel recently broke ground for a coatings production facility in Russia. The new plant will help meet the growing demand for Hempel coatings in Russia, Ukraine and Central Asia. Strategically located to best serve the market, it will ...
Dal-Tile will build a glazed porcelain and colorbody tile manufacturing plant and distribution center in Dickson, Tenn., near Nashville. The 1.4 million square feet plant is scheduled to open in late 2015 and will be the Dallas-based ...
Tags: Tile, expand manufacturing capability, glazed porcelain capabilities
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its financial results for 2013, posting a net loss of $24.9 million, compared to a net loss of $107.8 million in the previous year. The company's ...
Tags: London Mining, Mineral
German chemical company BASF has commenced the construction of its new resin and electrocoat (e-coat) plant at the Shanghai Chemical Industry Park in Shanghai. This move by the company is to address demand for coatings solutions in ...
Tags: Automotive Resin, Auto Parts
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has signed an agreement for extending 161 billion dong (US$ 7.8 million) to Thien An Thinh Textile and Garment Joint Stock Company for setting up a new textile ...
Tags: Textile Plant, Textile
Ikea Planning New Plant in Russia The Swedish furniture giant Ikea is planning to set a new plant in Novgorod, Russia alongside a particleboard mill that it bought from Pfleiderer in January 2013. According to the Russian media sources ...
Tags: Ikea, Swedish furniture giant, New Plant