Volvo Cars is launching a new upgraded electrified performance offer called Polestar Engineered, specifically developed for its new 60 Series T8 Twin Engine plug-in hybrid cars. The announcement comes one week before the company will ...
Tags: Volvo Cars, hybrid car
Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. ...
Volvo Cars said it will build its next generation of the XC90 large premium SUV in its new manufacturing facility in Charleston, South Carolina, US, from 2021. The move takes the company's total investment in its US manufacturing ...
Tags: Volvo, Volvo Cars
Pfizer, Merck and Corning have unveiled a new pharmaceutical glass packaging solution, which is claimed to improve the storage and delivery of the existing drug formulations. Merck and Pfizer have combined their pharmaceutical formulation ...
Tags: Pfizer, Pharmaceutical Glass
Flexible packaging products manufacturer Bemis is planning to close two manufacturing facilities and separately cut about 300 jobs as part of its measures to reduce cost structure. The company unveiled its restructuring and cost savings ...
Tags: Flexible packaging, packaging
Mars has announced plans to reinvest $70m in its US supply chain, with the creation of around 250 jobs at sites across the country. The company said the move will ensure that over 95% of its chocolate products for the US are made here. ...
Tags: Mars, chocolate products
FCA US said that it will invest a total of $1bn in plants in Michigan and Ohio, which will add 2000 new jobs. Consistent and combined with previously announced investments, FCA US is further demonstrating its commitment to strengthening ...
A third of the world’s investment in renewable energy last year came from China, the head of the International Renewable Energy Agency has said. Adnan Amin, director-general of IRENA which has 149 member states and works with ...
Tags: Renewable Energy, Energy
Lotus Bakeries has announced that it will invest in setting up a new manufacturing facility in the US, to expand its biscuit production capacity. Besides, the company will build a new production hall in Belgium to meet the growing demand ...
AR Metallizing has received ISO 9001 certification for its manufacturing facility in the US. The certification covers the operations in AR Metallizing's facilities in Franklin, MA. AR Metallizing's achievement implements a robust ...
Ford announced that it will be investing $1.6b in San Luis Potosi in Mexico to build small cars. Construction of this factory is expected to begin in mid-2016 and the production is scheduled to begin in 2018. The American automaker ...
Tags: Ford, Investment, Small Cars
US-based yogurt maker Chobani will expand its manufacturing facility in Twin Falls, Idaho, to meet the demand for new as well as existing products in the region. The company is self-funding the expansion which includes initiatives such ...
Tags: Chobani, Yogurt, Manufacturing Plant
The factory in Mesa, Arizona, had never been intended to house the manufacture of a gemstone. Ahead of the photovoltaics industry’s 2011-2012 meltdown, First Solar had built it with the aim of producing 280 MW worth of solar panels ...
Tags: Arizona, photovoltaics industry, Alchemy Turns Sapphire
The United States Trade Representative (USTR) has decided to pursue dispute settlement consultations with the Government of China at the World Trade Organisation (WTO) concerning China’s “Demonstration Bases-Common Service ...
According to Bloomberg.com, Apple's latest "bigger than bigger" slogan for the iPhone is turning out more and more apt as the company sets the record as the first US company to be worth more than $700 billion. This is the first time a US ...