Lakeland Dairies has opened a €10m logistics facility at its foodservice dairy processing complex in Newtownards, County Down, Northern Ireland. The new centre features advanced technology, robotic systems, 14,000 individual pallet ...
Tags: food ingredient, Lakeland Dairies
US-based food processing company Cargill is investing $100m to double its soybean crush operation in Borg El Arab in order to meet the increasing demand in Egypt for soybean meal and oil. The company will construct 42,000 metric tonne ...
Tags: food processing, soybean crush
BMW i Ventures, the venture capital entity of BMW will be investing in on-demand parking and car services company ZIRX. ZIRX's service involves an app, which can be used by drivers to indicate their current location and an agent will ...
Tags: Car Parking, BMW i Ventures
Toyota is planning to invest Rs10bn ($150m) into its Indian subsidiary Toyota Kirloskar which is expected to be used for the company’s new engine plant and new projects including production of Innova, Fortuner and a mid-size sedan. ...
Tags: Toyota, engine plant
Japanese car maker Nissan has announced plan to invest £100m into its Sunderland plant to manufacture the company’s next generation Juke crossover car. The plant began operations in 1986 and since then 8 million vehicles ...
Tags: Crossover Car, Nissan
Toyota has committed to invest $50m over the next 5 years on research and development of intelligent vehicle and mobility technologies. The Japanese automaker is teaming up with Stanford University and the Massachusetts Institute of ...
FMCG major ITC is planning to venture into dairy business with the launch of ghee (clarified butter) by the end of the current quarter. The company is likely to roll out its range of dairy products within the next few years. The range ...
Tags: Dairy Products, clarified butter
AkzoNobel plans to invest more than €1.3 million to build a pilot plant for coating resins at its Performance Coatings site located in Felling, UK. The state-of-the-art facility - which will create three new jobs and safeguard a ...
Tags: AkzoNobe, Performance Coatings
Raging price wars in the LED industry urged many manufacturers to veer away from low entry level products, and invest their resources in more profitable niche markets. Some of these markets include IR LED, UV LED, automotive lighting, grow ...
Tags: LED industry, IR LED, UV LED
Foot Locker Inc. reported net income for the company's second quarter ended August 1, 2015 was $119 million, or 84 cents per share, compared with net income of $92 million, or 63 cents per share, last year, a 33 percent increase on a ...
Tags: Foot Locker, athletic industry
New York State governor Andrew Cuomo has announced that GE Global Research Center of Niskayuna, NY, USA will expand its New York global operations to the Mohawk Valley, serving as the anchor tenant of the Computer Chip Commercialization ...
Tags: SiC Power Electronics, packaging
Global nutraceuticals market is expected to cross $262.9 billion by 2020 from the current level of $182.6 billion growing at compound annual growth rate (CAGR) of about 8 per cent according to the joint study brought out by The Associated ...
Jiangxi Jiangzhong Pharmaceutical, one of China's major traditional Chinese medicine (TCM) makers, saw its net profit soar 45.2 percent year on year in the first half of 2015. Net profit attributable to the company's shareholders stood at ...
SVZ, fruit and vegetable ingredient supplier has announced that its puree concentrate processing activity in Karczmiska will close on 31 December 2015. A review of the company's operational footprint determined that centralising the ...
Tags: food manufacture, SVZ, company developemnt
German automobile manufacturer Audi will develop the battery for all-electric sport utility vehicle drawn from cell modules made by South Korean suppliers LG Chem and Samsung SDI. The duo aim to supply battery to the car producer from ...
Tags: Electric Car, Audi