Daimler is planning to invest €580m in its Mercedes-Benz plant in Kecskemet, Hungary. The facility, which started operation in 2012, will produce the next generation of compact cars. Daimler has so far invested about €1bn ...
Tags: Daimler, Mercedes-Benz
US based packaging machinery company Pro Mach has acquired NJM Packaging to expand its pharmaceutical packaging capabilities. Established in 1915, NJM Packaging is engaged in providing pharmaceutical, nutraceutical, and personal care ...
Indian food company MTR Foods is planning to invest Rs 2bn ($30m) in the next four to five years to increase its production capacity from 45,000 mt to 72,000 mt at its facility in Bengaluru, the capital city of the country’s southern ...
Tags: MTR Foods, Orkla Foods
US-based food company Hormel Foods has entered into an agreement to sell Diamond Crystal Brands (DCB) to a partner of private equity firm Peak Rock Capital for an undisclosed sum. DCB, which was founded in 1980, manufactures and ...
Flexible liquid packaging solutions provider Liqui-Box is planning to invest $4m in advanced packaging production technology at two packaging manufacturing facilities in the US. The firm will upgrade each of the two facilities located at ...
Sappi is reinforcing the performance capabilities and benefits of its release liner portfolio with several investments and activities. Algro Sol silicone base papers from Sappi have had an outstanding reputation for quality during the ...
Tags: Sappi, Release Liner Business
Hyundai Motor is partnering with networking equipment firm Cisco to speed up the development of connected vehicle technologies. The collaboration comes after the South Korean automaker this month revealed a road map to develop ...
Interior Secretary Sally Jewell announced the federal government will begin measuring and quantifying the ecoomic impact of the outdoor recreation economy when calculating gross domestic product. Jewell, who served as CEO for REI before ...
US-based private-equity firm Kohlberg Kravis Roberts (KKR) has agreed to provide €100m debt and equity financing to sustainable packaging provider Petainer UK. The funding will be used by Petainer to finance its capital structure and ...
Tags: KKR, Petainer, Investment
Ongoing advances in Label Printer Applicator (LPA) technology have led to rugged, high-performing workhorses that are smart choices —even in highly demanding environments. So in a world where time is money, more manufacturers and ...
Tyson Foods is planning to construct a new chicken processing facility at an investment of $136m, near its existing poultry plant in Green Forest, Arkansas. The new 200, 000ft2 processing facility will be located across the street from ...
The next generation of food entrepreneurs will have the opportunity to combine a high quality degree and on-the-job training under plans for new food degree apprenticeships, Environment Secretary Elizabeth Truss announced. The three ...
Tags: EnvironmentSecretary Elizabeth Truss, Food degree apprenticeships
delivery.com, an online ordering and on-demand delivery platform, has acquired BrewDrop, an alcohol delivery app. With this acquisition, delivery.com intends to boost its alcohol business and geographic footprint in key markets using ...
Tags: Delivery.com, BrewDrop, Alcohol delivery app, Expansion, Acquisition
Toyota Motor (TMC), Toyota Financial Services (TFS) and Aioi Nissay Dowa Insurance (AD) have established a joint venture telematics car insurance services company, Toyota Insurance Management Solutions (TIMS) USA. The new company will be ...
Ford announced a plan to invest more than $1bn over the next 10 years to modernise its Dearborn, Michigan facility. It would be developed as a better workplace which will foster innovation as the company looks to transform itself from an ...
Tags: Ford, Investment, Michigan facility