German automotive manufacturing firm Continental has agreed to establish a joint venture (JV) with China’s CITC to manufacture 48-volt battery systems. The companies, via their respective subsidiaries, will set up the JV for the ...
Tags: automotive, Continental
German automotive manufacturing firm Continental has become a development partner and system integrator of the collaboration between BMW Group, Intel and Mobileye for automated driving. It is the goal of the BMW Group, Intel and Mobileye ...
Tags: Continental, Autonomous Driving
Kettle Cuisine has acquired a privately held custom food manufacturing company Del Monaco Foods for undisclosed sum. Based in Morgan Hill, California, Del Monaco produces soups, sauces and other specialty items. The acquisition will ...
Tags: Kettle Cuisine, breakfast
American motor vehicle manufacturing firm Local Motors has unveiled Olli, a self-driving vehicle which incorporates IBM Watson advanced cognitive computing capabilities. The vehicle, which can carry about 12 people, was debuted during the ...
Tags: Olli, cognitive computing capabilities, transportation solution
Australian food manufacturing firm Patties Foods has accepted a $232m acquisition bid made by a private equity firm. Earlier this week, the company said it was approached by Pacific Equity Partners (PEP) with a takeover offer of $1.65 per ...
Global packaging and coatings solutions Coveris has acquired Ecuador-based shrink sleeve and adhesive label technologies firm Supraplast. The acquisition expands Coveris operations in the Central and South American regions. Based in ...
Tags: Coveris, Aquisition, Supraplast
US vehicle manufacturing firm Local Motors has unveiled the design ‘Reload Redacted - Swim/Sport’ which is not only the winner of the contest Project Redacted but also the foundation for the world’s first-of-its-kind ...
Tags: automobile manufacture, Local Motors, auto accessories
Vidrala, through its subsidiary Inverbeira Sociedad de Promoción de Empresas, has completed acquisition of Encirc, an Irish manufacturer of glass containers for the food and beverage industries, for €408.6m. Encirc ...
Olayan Financing Company (OFC) has bought 51% stake in juice and beverage manufacturing firm Gulf Union Foods (GUFC) from a group of investors including Jadwa Investment. As part of the transaction, Jadwa has divested 30% stake in Gulf ...
Tags: OFC, Jadwa Investment, Agriculture
UK-based renowned fashion and retail industry consultant Mary Portas’ lingerie line Kinky Knickers is expected to go back into production as the manufacturing firm producing the line Headen & Quarmby has been bought out of ...
Tags: retail industry, fashion industry
India-based PET manufacturing firm Chemco Group plans to open a new plastics packaging facility at the Bahrain International Investment Park (BIIP) in Salman Industrial City. With the new facility in Bahrain, the Chemco Group expects to ...
Tags: Chemco Group, Plastics Packaging
SPX, a US-based multi-industry manufacturing firm, has received a contract worth over $50m from Synutra France International, a subsidiary of Synutra International, to build a new powdered infant formula processing plant in Brittany, ...
A Chinese heavy machinery manufacturer has made an export breakthrough to Africa by clinching a mining components deal. Shanxi-based Taiyuan Heavy Machinery Group Co., Ltd. (TZ) said Tuesday that six sets of casting parts, used on a pull ...
Tags: Heavy Machinery, Casting Part
Airolux, a joint venture between IPS Innovative Packaging and Resilux has completed the first delivery of Airopack system to Elizabeth Arden, a beauty products manufacturing firm. The technology is claimed to offer safe and clean ...
FALLING demand for bottled beer has hit hard glass manufacturing firm, Zimbabwe Glass Industries (Zimglass) after its main customer Delta reduced orders for bottles, an official has said. Delta last week reported depressed lager sales, 10 ...
Tags: Zimbabwe Glass, Construction Glass