Canadian consumer packaged meats firm Maple Leaf Foods has agreed to acquire American refrigerated plant-based protein foods manufacturer Lightlife Foods from Brynwood Partners VI for approximately $140m. Maple Leaf will finance the ...
Tags: Maple Leaf, Lightlife Foods
US-based infant formula manufacturer Mead Johnson has agreed to acquire spray drying and finishing capabilities from Australian food group Bega Cheese for A$200m. The deal includes one of Bega Cheese's spray dryers at Tatura and an infant ...
Tags: Cheese, infant formula
Nestlé’s KitKat brand has launched a new peanut butter flavour of its shareable KitKat Bites. The introduction of the new flavour marks the first time that the praline layer of KitKat has been replaced. Peanut butter fills ...
Tags: KitKat, Peanut Butter
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as technical elements put pressure on the precious metal. The most active gold contract for April delivery fell 4.9 U.S. dollars, or 0.39 percent, to ...
Tags: Gold futures, precious metal
China's top economic planner will not adjust domestic retail oil prices as global prices have stayed below the official pricing mechanism, according to an announcement on Tuesday. Under the current mechanism, prices of refined oil ...
Tags: oil prices, refined oil
SAFI, organiser of the Maison&Objet trade fairs, announced the suspension of its Asian and American editions in order to concentrate all of its available means and resources on the Paris-based events, as well as on the promising launch of ...
Tags: digital platform, SAFI
Tecno, the historic brand founded in the 1950s by the Borsani brothers and led by Giuliano Mosconi since 2010, acquires a majority stake in Zanotta, one of Italian design’s most well-loved and important companies since the 1950s. ...
Tags: Tecno, office furniture
Worldwide robot makers have been expanding their capacity recently with Germany-based Kuka cooperating with the China-based Midea Group to expand its capacity in Europe and China. Meanwhile, Japan-based Yaskawa has also increased investment ...
Tags: Industrial Robot, Robot
On February 14, CRRC SHANDONG CO.Ltd won the intelligent assembly line project of SINOTRUK during the final bid process. This is a demonstration project of the first intelligent assembly system in China heavy trucks industry. CRRC has ...
Tags: Heavy-duty Trucks, Trucks
Chile became China's leading supplier of fresh fruits in 2016, overtaking Vietnam and even Thailand, local media reported on Wednesday. Chile exported 1.2 billion U.S. dollars of fresh fruit, mainly cherries, to China last year, the daily ...
Tags: Fresh Fruits, Cherries, Grapes
China's central bank has drafted new rules to tackle risks from shadow banking, in a tacit acknowledgment that a host of measures in recent years to control off balance sheet credit have failed to control its risks, the Financial Times ...
Tags: Shadow Banking, balance sheet
Beijing's "cautious tightening signals" for credit are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ...
Tags: emerging markets
The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...
Tags: five-year plan, political economy
The premium brand Hansgrohe premiered at this year’s LivingKitchen trade fair in Cologne, for the first time presenting its new sink combinations to a broader public. Innovative controls, high quality stainless steel sinks and ...
Tags: Hansgrohe, stainless steel
The Chinese market has started to hold bids for power plants in February. Judging from the winning prices, modules prices have declined. The winning price for 5MW of Hanwha’s 280W mono-Si modules reached RMB 2.91/W (US$ 0.362/W) and ...
Tags: multi-Si wafers, polysilicon