The average time taken for Australian businesses to pay their invoices has fallen to the lowest level since the third quarter of 2007, in further signs that operating conditions have strengthened this year and the business sector’s ...
Tags: Payment Times, Pre-GFC Levels
Porsche is planning to complete the construction of its engine plant at its Zuffenhausen in Stuttgart, Germany by 2015. The plant is likely to feature an assembly line with logistics areas and engine-testing technology, offices, and staff ...
One of the biggest global PTA producers, BP said it plans to invest over $200 million to upgrade its PTA plants at Cooper River, South Carolina and Geel, Belgium. “Once completed, the investments will position these assets amongst ...
EasyPak, a packaging thermoformer, plans to expand its facility in Massachusetts, US, with a total investment of about $7.5m. Out of the total investment, EasyPak plans to spend $2m on facility expansion. The remaining $5.5m will be spent ...
French dairy major Danone has agreed to invest €437m in Chinese infant formula producer Yashili, in a move to acquire 25% stake. The investment is said to form a part of the company's strategy to expand its footprint in China. ...
Tags: Yashili, Mengniu Dairy, Danone, Agriculture
Rice producer Best Foods is planning to invest INR750m ($12.2m) in expanding its retail presence to cater to the increasing consumer demand for grains. The move is said to form a part of the company's strategy to generate around INR50bn ...
Tags: Rice producer, grains, Agriculture
Wisconsin-based Baker Cheese Factory is expanding its St. Cloud cheese production facility by investing $7m in equipment for its modernisation. Baker Cheese also proposes to invest in new waste water treatment plant to assist its whey ...
Maelor Poultry is expected to invest £10m in the site of a former cheese packing factory, First Milk, near Wrexham in the UK. As reported in the Daily post, the chicken processing company Maelor Poultry that bought the site is ...
Turkey’s Yildiz Holding has signed a deal to acquire UK-based cookie firm United Biscuits, the maker of Jaffa Cakes and Jacob Crackers, as part of its strategy to expand into new markets. Once the deal is closed, the Turkish firm ...
Tags: United Biscuits, Turkish firm, Agriculture
Nestle plans to strengthen its presence in India in diverse segments such as health and nutrition. Spotting the tremendous opportunities that Indian market offers, the company that sells brands such as Maggi and Kit Kat is keen to invest ...
Tags: Nestle, nutrition, Agriculture
India-based freeze dried food firm Saraf Foods has announced plans to expand its production capacity by 50%, in a move to cater to the increasing consumer demand for ready-to-eat foods. As part of the expansion, the company plans to ...
Tags: freeze dried food firm, ready-to-eat foods, Agriculture
Mondelez International has agreed to acquire 80% stake in Vietnam-based Kinh Do's snack business for $370m, in order to strengthen its presence in emerging markets. The transaction includes the acquisition of Kinh Do's two production ...
Tags: snack business, Agriculture
SoftBank Internet and Media Inc., one of the leading providers of comprehensive range of mobile communications, fixed-line communications, and Internet services around the world, is set to invest US$ 627 million in Snapdeal, one of the ...
Tags: Softbank Group, digital future, Apparel
Adjusted EBITDA in the third quarter of 2014, at the world’s largest producer of Methanol and Canada-based Methanex slipped 14.37% from second quarter of 2014. Methanex said adjusted EBITDA fell 14.37% sequentially quarter on ...
Tags: Adjusted EBITDA, Methanol, Textile
Amazon.com, one of the top global online retailers, is set to create 1,000 full-time jobs and invest US$ 75 million in its first facility in Illinois in 2015, Illinois Governor Pat Quinn, Senator Dick Durbin, and Amazon have jointly ...
Tags: Full-Time Jobs, online retailers, Apparel