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Qorvo's Quarterly Growth Driven by Mobile Demand in China
Aug 20, 2018For fiscal first-quarter 2019 (ended 30 June 2018), Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has reported revenue of $692.7m, up 4.1% on $665.4m ...
Tags: Qorvo, Mobile Demand
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Diageo Seeks to Raise Stake in China's Sichuan Shuijingfang
Jun 29, 2018UK-based drinks company Diageo has proposed to increase stake in Chinese spirits firm Sichuan Shuijingfang Company (SJF) and take majority control of the company. Diageo approached the board of directors of SJF with a proposal for a ...
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P&G Commists to 100% Recyclable Packaging by 2030
Apr 27, 2018Personal care giant Procter & Gamble (P&G) has announced new sustainability goals for 2030, which include 100% recyclable or reusable packaging. PG announced it has achieved many of its 2020 environmental sustainability goals, has plans ...
Tags: Recyclable Packaging, Packaging
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Australian Regulator Approves Saputo's $1bn Acquisition of Murray Goulburn
Apr 8, 2018Australia’s competition regulator has approved the CAD1.29bn ($1.01bn) acquisition of Murray Goulburn Co-Operative (MG) by Canadian dairy producer Saputo. The Australian Competition & Consumer Commission (ACCC) said that it will not ...
Tags: Murray Goulburn, dairy plant
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Saudi Arabia's NADEC to Acquire Al Safi Danone
Mar 27, 2018National Agricultural Development Company (NADEC) has agreed to acquire 100% of Al Safi Danone (ASD) for an undisclosed price to consolidate its position in Saudi Arabian dairy market. ASD is a joint venture between the Saudi Arabia-based ...
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ADM Announces Realignment of Business Segments Across Four Units
Mar 21, 2018Food processing firm Archer Daniels Midland (ADM) is realigning business segments to further accelerate growth. The company announced the realignment of its business segments across four units – Carbohydrate Solutions, Nutrition, ...
Tags: Food processing
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Smurfit Kappa Rejects $10bn Takeover Offer From International Paper
Mar 8, 2018Irish packaging firm Smurfit Kappa has rejected €8.6bn ($10.6bn) takeover offer from the US-based International Paper. Smurfit Kappa said the unsolicited proposal from International Paper failed to reflect the company's strong growth ...
Tags: Smurfit Kappa, packaging
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Net Savings Link Bottles China's First Hemp Beer
Mar 7, 2018Net Savings Link has bottled China’s first hemp beer, Angry Tiger Beer. The firm is also in talks with a major hemp beer producer in the Netherlands regarding a potential partnership The launch of Angry Tiger Beer coincided with the ...
Tags: Net Savings Link, hemp beer
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Bobst Group Reports Increased Sales Performance in 2017
Mar 7, 2018Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...
Tags: packaging, label industries
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Tyson Foods to Launch Several New Products in 2018
Feb 23, 2018Tyson Foods said that it will launch several new products this year and modernize its $1bn brands as part of its transformation into a modern food company. Speaking at the 2018 Consumer Analyst Group of New York conference, Tyson Foods ...
Tags: Tyson Foods
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Byton's New Intelligent Electric Vehicle to Make Global Debut at CES
Jan 15, 2018Byton is set to showcase its intelligent electric vehicle at the upcoming International Consumer Electronics Show (CES) in Las Vegas, on 7 January 2018. The vehicle features new design and innovative human-vehicle interaction that ...
Tags: electric vehicle, CES 2018
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Dana Inaugurates New Axle Production Factory in Ohio, US
Dec 27, 2017Automotive drivetrain supplier Dana has inaugurated a new axle production facility in Toledo, Ohio, at the site that was initially home to Willys-Overland Motors, which had developed the original Jeep. The 300,000 sq. ft. facility was ...
Tags: Jeep Wrangler, Jeep
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Hershey to Acquire Amplify Snack Brands in $1.6bn Deal
Dec 21, 2017The Hershey Company has agreed to acquire Amplify Snack Brands for about $1.6bn to boost its position in the snacking aisle and expand its portfolio of savory snacking brands. The transaction amount also includes around $600m of net debt ...
Tags: Hershey, Amplify Snack
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Ford Plans to Introduce More Than 50 New Vehicles in China by 2025
Dec 8, 2017Ford has outlined the next phase of its China expansion strategy, focused on SUVs, electric and connected vehicles, a streamlined business structure and closer connections to Chinese customers. Executive Chairman Bill Ford and CEO Jim ...
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Cascades Purchases Containerboard Packaging Plants in Ontario, Canada
Dec 6, 2017Packaging firm Cascades has acquired four containerboard packaging plants in Ontario, Canada from Coyle family. The firm has also acquired 33% ownership stake in Tencorr, a manufacturer of sheet stock for box producers, as well as ...
Tags: Packaging, containerboard