Fonterra enters partnership with Chinese infant formula manufacturer New Zealand-based dairy giant Fonterra has confirmed that it has acquired an 18.8 per cent share in leading Chinese infant formula manufacturer, Beingmate Baby & ...
China-based sapphire makers Biel Crystal Manufactory and Lens Technology, in view of growing adoption of sapphire optical applications in wearable devices and smartphones, have expanded production capacities, according to industry sources ...
Tags: Sapphire, Lens Technology
US based apparel marketer, Iconix Brand Group said it has acquired the remaining 50 per cent of Iconix China from its joint venture partner, Novel Fashion Brands Limited. Novel Fashion Brands was owned by the Chou family and the deal ...
The Chinese government encourages global auto makers to develop so-called joint-venture indigenous brands to build up technological and marketing capabilities of Chinese auto makers.Nissan Motor Co.'s 7201.TO 2.00% passenger-car ...
Tags: Nissan Motor, carmaker, Audi, Infiniti Motor
New Zealand based dairy co-operative Fonterra has agreed to acquire 18.8% stake worth $561.32m in Chinese infant formula manufacturer, Beingmate Baby & Child Food Company. The co-operative group has purchased 192.4 million shares in ...
Tags: Fonterra, dairy Food
Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the ...
Tags: Reliance Industries, Shandong Ruyi
China's auto industry saw total sales drop by 0.22 percent to 1.59 million units in February, the first year-on-year drop in two years, data from an industry association showed Tuesday. Sales of passenger cars increased 6.42 percent ...
Tags: auto industry, passenger cars
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
Automotive component supplier Cooper-Standard has completed the purchase of Huayu Automotive System’s shares in Huayu-Cooper Standard Sealing Systems, the company’s Chinese joint venture. The purchase has made Cooper-Standard ...
With 'wildfire' growth over, many production lines idle Overcapacity is proving to be a headache for automakers in China as sales slow in the world's largest auto market, said analysts and industry insiders. Though 23.5 million vehicles ...
Tags: Auto Market, Overcapacity
Billy Sims-China Food Group will export whole milk powder and skim milk powder to China, where the demand for US dairy products is increasing. Billy Sims-China Food Group is also developing a dairy plant in Michigan with an investment of ...
Tags: Milk Powder, skim-milk powder
Fresh produce firm Produce World Group is planning to shut down its plants in Butterwick and Swinderby, in the UK. The move forms a part of the company's strategy to restructure the business in order to face market challenges. The ...
Tags: Produce World, root vegetables
Net sales for the fourth quarter ended December 31, 2014 at Columbia Sportswear Company zoomed 27 per cent year on year. Columbia said it recorded net sales of $677.0 million for the fourth quarter of 2014, up a massive 27 per cent or ...
Tags: Columbia Sportswear, Apparel
Soft drinks company Postobon has received approval from Colombia's financial regulator to produce and sell Heineken beer in the country, under a partnership with Heineken's Chilean affiliate Compania Cervecerias Unidas (CCU). This move ...
Tags: Postobon, Heineken Beer
General Motors along with its Chinese venture SAIC Motor is planning to establish its manufacturing operations in Indonesia in an attempt to take advantage of vehicle demand in the country. SAIC Motor is a joint venture between GM China, ...
Tags: General Motors, SAIC Motor