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Sonoco's Net Sales Increase 13.7% in Q4

Feb 22, 2018

Packaging firm Sonoco has reported a 13.7% increase in net sales to $1.30bn for the fourth quarter of 2017, compared to $1.14bn for the same period in 2016. The company said the growth in net sales was supported by acquisitions, net of ...

Tags: Packaging, packaging segment

Essentra Divests Consumer Packaging Site in Bristol, UK

Jun 8, 2017

Euro Packaging affiliate Broomco (4294) has acquired Essentra’s consumer packaging site, located in Bristol, UK. Terms of the deal have not been disclosed. The Bristol facility is engaged in the manufacturing of printed paper bags ...

Tags: Essentra, Consumer Packaging

Cummins Responds to Industry Challenges with Launch of New Fuel Efficient Technologies at LAA 2016

Sep 27, 2016

Cummins Inc. will showcase a diverse set of new technologies to tackle the challenge of reducing total cost of ownership for OEM customers at the upcoming IAA Commercial Vehicles Show in Hannover this September (September 22-29, 2016). The ...

Tags: Cummins, challenge, IAA show

ZF Increases Profitability in The First Half of 2016

Aug 15, 2016

Friedrichshafen. ZF Friedrichshafen AG has continued its good business development in the first half of 2016. In the first six months of 2016, sales increased to €17.8 billion and the adjusted operating profit (EBIT) rose to €1.1 ...

Tags: ZF, EBIT margin

Knorr-Bremse Buys Commercial Vehicle Powertrain Business of Bosch in Japan

Jul 5, 2016

Germany based Knorr-Bremse has signed a deal with Bosch to acquire its on-highway CVS transmission components business in Japan. Following the acquisition, Knorr-Bremse will develop and manufacture gear shift units and clutch actuators as ...

Tags: Commercial Vehicle, Bosch

Volkswagen Plans Major Electrification Initiative

Jun 20, 2016

Volkswagen has adopted a new strategy to become a lead in sustainable mobility by bringing out more than 30 new e-vehicles by 2025. In order to achieve these goals, the Board of Management - with the approval of the Supervisory Board - ...

Tags: Volkswagen, pact for the future, BEVS

A Look Into Major LED Manufacturers Global Strategy

Nov 11, 2015

Globalized competition is inevitable in the LED industry with an increasing number of overseas LED companies entering Chinese market and vice versa. Chinese LED companies acquire renowned international manufacturers, fewer companies ...

Tags: LED Manufacturers, Chinese market, smart LED bulb

European Machine Vision Sales Show Strong Growth

Nov 5, 2015

The European machine vision (MV) industry is in “an excellent condition”, according to the German VDMA’s latest market survey. published earlier in July. It states that the MV sector’s turnover grew more strongly ...

Tags: Machine Vision, strong growth, software

Samsung Electronics Opens New U.S. Semiconductor Headquarters in Silicon Valley

Oct 14, 2015

Samsung Electronics, the world’s leading producer of semiconductor and display solutions, formally opened the doors to its new Device Solutions America headquarters here, setting the stage for a new wave of innovation across the ...

Tags: Samsung Electronics, Silicon Valley, Semiconductor Headquarters

ThyssenKrupp Sets up Automotive Steering Plant in Mexico

Apr 28, 2015

ThyssenKrupp has opened a new automotive steering components plant in Puebla, Mexico. The facility complements ThyssenKrupp's existing plants that produce components for the automotive industry in Mexico. The company's products include ...

Tags: Automotive Steering Plant, ThyssenKrupp

Philips Sells 80.1% of LED Components and Automotive Lighting Business

Apr 3, 2015

Royal Philips NV of Amsterdam, The Netherlands (the world's largest lighting producer) has agreed to sell an 80.1% stake in its combined LED components and Automotive lighting business to GO Scale Capital, a new growth-stage investment fund ...

Tags: Lumileds, Royal Philips, Electronics

LED Components and Automotive Lighting Business

Apr 2, 2015

Royal Philips has announced that it has signed an agreement with a consortium led by GO Scale Capital through which it will acquire an 80.1% interest in Philips' combined LED components and automotive lighting business, with Philips ...

Tags: automotive lighting, Philips, LED

"Think Blue. Factory." Environmental Program Remains on Track for Sucess

Nov 26, 2014

The Volkswagen brand's “Think Blue. Factory.” environmental program remains on track for success. The objective is to reduce energy and water consumption as well as the share in waste, CO2 and solvent emissions at all Volkswagen ...

Tags: Environmental Program, CO2, Auto

Toshiba Has Extended Its Leteras Family of White LEDs

Sep 11, 2014

Toshiba Electronics Europe of Düsseldorf, Germany (TEE, the European electronic components business of Tokyo-based Toshiba Corp) has extended its LETERAS family of white LEDs with a new series of ultra-compact devices that combine ...

Tags: Toshiba GaN-on-Si LEDs, Electrical, Electronics, LED

The European Machine Vision Industry Is in "an Excellent Condition"

Aug 18, 2014

International demand on the rise, especially in Asia, says VDMA survey, but domestic markets still drag. The European machine vision (MV) industry is in “an excellent condition”, according to the German VDMA’s latest ...

Tags: machine vision, MV industry, Machinery

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