UK based packaging maker RPC Group has agreed to acquire packaging firm British Polythene Industries (BPI) in a deal worth about £261m ($379m). Under the terms of the deal, each shareholder of BPI will receive 470 pence in cash and ...
Tags: Polythene Industries, packaging
Paper-based packaging solutions provider Smurfit Kappa has signed a collaboration agreement with HP to digitize the corrugated post-print production. The collaboration, which is expected to innovate the way high-value boxes are produced, ...
Toyota will use solar panels at its Texas headquarters, which is currently under construction, in order to get 25% of its power from the sun. The company claims that the 7.75MW system will be the largest office-site solar installation in ...
Tags: Toyota, solar panels
Volkswagen has secured approval from Germany’s federal motor transport authority, Kraftfahrt-Bundesamt (KBA), to fix emissions software on several models. The company has already sent a letter to all of the affected owners, ...
Tags: Volkswagen, noise emissions
Valmet will supply an extensive board machine rebuild and automation solution for machine and quality control to the ITC Bhadrachalam mill in India. The rebuilt production line (PM1) is planned to produce high-quality lightweight coated ...
Tags: extensive board machine, Valmet
Flexible liquid packaging solutions provider Liqui-Box has signed an agreement to acquire both the engineering and flexible operations of South Africa-based Maverick for undisclosed amount. Liqui-Box is a portfolio company of private ...
Tags: Liqui-Box, Flexible Operations
Samsung's next phablet - be it the Galaxy Note 6 or Note 7 – will feature a dual-lens camera, according to new reports. The Taiwanese media is reporting that this year's Galaxy Note 7 (the new rumoured name) will feature a dual-lens ...
JAC won production qualifications of light trucks, middle trucks and engineering truck recently. JAC has transferred these three production lines to the Southwest basement. JAC has the production capability of engineering dumpers, ...
Tags: JAC, light trucks, middle trucks
Vietnamese dairy company Vinamilk has fully acquired US-based Driftwood Dairy by buying the remaining 30% stake for $3m. The acquisition comes more than two years after the company bought 70% stake in the US company for $7m. Driftwood ...
Tags: Vietnamese dairy, Dairy products
The European Commission is likely to approve the proposed merger of AB InBev and SABMiller, following the companies' efforts to address the regulator's competition concerns. AB InBev had planned sale of several brands such as Peroni, ...
Tags: European Commission, beer, brewer
The sales of x-electric vehicles (xEV) in China reached a historic high of 300,000 units in 2015. Correspondingly, the market for xEV lithium batteries witnessed surging growth in the same period. In the fourth quarter, for instance, xEV ...
Tesla Motors said it will sell about $1.7bn of common stock to fund the production of the newly announced Model 3 car, which is scheduled to hit the market in late 2017. The Model 3 achieves 215 miles of range per charge while starting at ...
Tags: Tesla Motors, Model 3 car
US Foods has entered into an agreement to acquire fresh fruit and vegetable processing company Freshway Foods for an undisclosed sum. Freshway Foods also repacks and distributes fresh fruits and vegetables to customers throughout the ...
Tags: Fresh Fruit, Vegetable
Specialty label and packaging solutions provider CCL Industries has agreed to acquire privately held companies Eukerdruck and Pharma Druck CDM (Euker) for approximately $31m including its debt. The two companies have common shareholders ...
Tags: CCL Industries, packaging
Vietnamese dairy firm Vinamilk has decided to eliminate its 49% foreign ownership limit to facilitate overseas investment into the company which is valued at $7.85bn. The company has not set a timeframe on when the current limit would be ...
Tags: Vinamilk, Vinamilk investor