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expansion strategy
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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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Songwon Commissions Second Thermoplastic Urethane Production Line
Oct 13, 2017Songwon has commissioned a second thermoplastic urethane (TPU) production line, to become operational in the fourth quarter of 2017, as part of its global expansion strategy The company’s plant in Suwon, South Korea will be extended ...
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PSA Group Confirms Talks to Acquire GM's Vauxhall and Opel Brands
Mar 1, 2017French automaker PSA Group is in talks to acquire the European operations of General Motors' (GM) business, including the Vauxhall and Opel brands. PSA and GM have earlier had a close alliance, working together on three projects since ...
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Bosch to Invest Eur400m in US
Nov 22, 2016Bosch is planning to invest nearly EUR400m in the US over the course of the current year, about one-fifth more than in 2015. Bosch’s headcount is also expected to rise, from 17,800 associates at present to more than 18,800 by early ...
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AR Packaging to Acquire Majority Stake in Indonesia's Paper Packaging Firm Maju Jaya
Oct 24, 2016Swedish firm AR Packaging Group has signed an agreement to acquire a majority stake in Indonesian paper packaging firm PT Maju Jaya Sarana Grafika (MJSG) for undisclosed amount. Maju Jaya provides services from design, prepress, ...
Tags: AR Packaging, Packaging
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South Africa's Rhodes Food to Acquire Pakco for $14.5m
Oct 11, 2016South Africa-based Rhodes Food Group has announced plans to acquire domestic food producer Pakco for R200m ($14.5m), as part of its expansion strategy. Pakco owns popular brands, including the iconic Bisto brand, Hinds, Buffalo, Southern ...
Tags: Rhodes Food Group, Pakco, acquisition
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Beston Global Acquires Australian Provincial Cheese Assets for $2.2m
Sep 20, 2016Beston Global Food Company (BFC) has acquired the assets of Australian Provincial Cheese (APC) for $2.2m. The acquisition includes its plant and equipment, trademarks, intellectual property along with all other assets needed to continue ...
Tags: BFC, APC, acquisition
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Kinh Do Sells off Remaining 20% Stake to Mondelez
Aug 30, 2016Mondelez International has bought the remaining 20% stake in Vietnamese food company Kinh Do’s snack unit for VND 2tn ($90m) as part of its expansion strategy in emerging markets. In November 2014, Mondelez had agreed to buy 80% of ...
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AB InBev to Sell SABMiller's Eastern European Assets to Get EC Approval for Merger
May 5, 2016Anheseur-Busch InBev (AB InBev) has offered to sell SABMiller’s Eastern European brewing assets to gain regulatory approval for its £71bn merger with the UK drinks company. The Belgium brewer has submitted an updated ...
Tags: AB InBev, EC Approval
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Constantia Flexibles Increases Sales and Earnings in 2015
Apr 5, 2016Constantia Flexibles announed that strong sales growth resulted from all business divisions and was achieved primarily by strong volume increases in all regions. Constantia Flexibles, one of the world's leading flexible packaging and ...
Tags: Constantia Flexibles, Sales, Earnings
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Nestle To Invest EUR25m To Expand Irish R&D Centre
Mar 15, 2016Swiss food company Nestle is planning to invest over €25m for expansion of its research and development center in Askeaton, Ireland. The expanded facility will be located at Nestle's current plant in Askeaton. The facility ...
Tags: Nestle, Investment, Expansion, R&D
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Treehouse Brewing To Construct New Brewery In Charlton, US
Mar 15, 2016Massachussets-based Treehouse Brewing Company is constructing a new brewery in Charlton, UK, as part of its expansion strategy. The new brewery, which is slated to open in 2017, will be spread across 45,000ft2 featuring a modern 50 BBL ...
Tags: Brewery, Treehouse Brewing, Expansion, Retail
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Myanmar Brewery to Revamp Brand Image and Products to Counter Global Brands
Dec 22, 2015Myanmar Brewery Limited (MBL), the producer of Myanmar beer, is revamping its brand image and products in order to enhance its appeal with the country’s consumers as global giants such as Heineken and Carlsberg stiffen the competition ...
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Nanoco Establishes Lighting Division to Manufacture Cadmium-Free Quantum DOT
Nov 19, 2015To capitalize on the growing interest in cadmium-free quantum dot (CFQD) technology within the lighting industry, Nanoco Group announced the formation of a new division dedicated to furthering CFQD® Quantum Dot technology in the ...
Tags: Nanoco, LED lighting, Quantum Dot
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French Winemaker Remy Cointreau's Sales Fall Due to "Cautious Chinese"
Oct 21, 2015French wines and spirits maker The Rémy Cointreau Group has generated €500.7m sales in the first half of the year (April-September), a decline by 5.9% from the same period last year. The fall was steep in the first quarter at ...