Emami Paper Mills is reportedly planning to invest roughly Rs10bn ($149.3m) to increase paper board making capacity at its facility at Balasore in the Indian state of Odisha. The Balasore facility, which was set up at a cost of around ...
Tags: Emami, paper board, packaging paper
Indorama Ventures has made its foray into Indian polyethylene terephthalate (PET) market with the acquisition of Micro Polypet (MicroPet) for an undisclosed amount. The company's wholly-owned subsidiary Indorama Ventures Global ...
LED bulb prices in India are nearing CFL prices, but might be priced down a further INR 20 (US $0.30) following the government’s 50 million LED bulb purchase tender to be issued in the next ten days, reported The India Times. Online ...
Apple suppliers have revealed the Cupertino-based company will be launching an OLED iPhone in 2018, according to a latest report from Nikkei. Following the announcement, South Korea LG Display has started to scale up production capacity. ...
Tags: Apple, LCD screen, OLED Displays
Flexible packaging specialist Cosmo Films has announced it will install a 10.4m BOPP line by early 2017. The production line will increase the manufacturer's annual BOPP production capacity from 140k to 200k MT. The installation will be ...
Tags: Flexible packaging, Cosmo Films, BOPP films
Royal DSM is expanding Akulon XS production capacity at its facility in Emmen, the Netherlands in a bid to cater to the increasing demand. Akulon XS is a new polyamide that has been developed specifically for blown films used in flexible ...
British automaker Jaguar Land Rover is planning to double the size of its Engine Manufacturing Centre (EMC) in Midland, UK by investing £450m. The company opened the 100,000m2 facility last year with an investment of £1bn ...
Africa-focused multinational consumer goods company Vasari Global along with UK-based asset management firm Duet Group, and the TIRET Group, which is an Ethiopian endowment fund, has unveiled an advanced brewery plant at Debre Birhan, which ...
Poultry processor Moy Park is planning to invest £10m to expand its processing facility and hatchery in Derbyshire. The move is expected to create 100 jobs. The investment will go towards the installation of a new cutting line, ...
Tags: Moy Park, birds, poultry products
Gluten-free bakery company Genius Foods is acquiring gluten-free pastry products manufacturer Chapel Foods for £3.5m. Under the terms, Genius Foods will acquire operations of Chapel Foods and its production facility in ...
Sales growth in China's auto market will resume in 2016 after having stagnated since 2015, while automakers' margins will narrow due to fiercer competition, Fitch Ratings predicted Tuesday. Reduced purchase taxes and recovering consumer ...
Tags: auto market, SUVs
Kia Motors has completed the construction on its $3bn manufacturing plant at Pesqueria in the state of Nuevo Leon, Mexico. The Mexican plant is the company's first plant in Latin America and it joins the other Kia facilities located in ...
Tags: Kia, Motors, Forte compact sedan
China's steel production capacity is likely to peak in 2016 as capacity is eliminated, gradually outpacing additions, Fitch Ratings has predicted. The rating agency expects China's steel production capacity to increase to about 1.17 ...
Tags: steel production, Steel
US-based agribusiness Archer Daniels Midland Company (ADM) has opened two manufacturing plants in China in order to increase its capacity to meet the growing demand in the country for value added food ingredients and animal nutrition ...
Tags: ADM, Animal Feed, premix products
The global xEVs (x-electric vehicles) market has performed impressively this year mainly because of the Chinese market, which has expanded due to strong government support. EnergyTrend, a division of TrendForce, estimates that xEV sales in ...
Tags: electric vehicles, xEV