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Nestle Agrees to Pay $7.15bn to Sell Starbucks Products
May 10, 2018Nestlé has agreed to acquire rights to market Starbucks consumer and foodservice products globally, outside of the latter’s coffee shops. This transaction provides Nestlé with a strong platform for continued growth in ...
Tags: Nestle, Starbucks Products
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China's Latest Five-Year Plan Could Be Its Last
Feb 24, 2017The outline for China’s 13th five-year plan isn’t exactly summer beach reading: The 65,858-character document, which lays out in broad terms how China’s leaders want the country’s economy to develop between now and ...
Tags: five-year plan, political economy
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KBA-Sheetfed Reports Increased Revenue in First Nine Months of 2016
Nov 14, 2016In the first nine months of 2016, KBA-Sheetfed achieved a 17.5% increase in revenue to €443.8m, accompanied by strong segment earnings of €17.3m. Following a good third quarter, the Koenig & Bauer Group (KBA) came substantially ...
Tags: KBA-Sheetfed, good net liquidity
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Agrana Expands Operations in South East Asia and India
Nov 11, 2016Austrian-based Agrana Fruit has expanded its presence in the South East Asian region and India with new facilities and local partnerships. In Bangkok, the food company opened a new representative office along with a product development ...
Tags: Agrana, Agrana Fruit
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McCain Foods Expands NB Facility
Jun 23, 2016McCain Foods (Canada) announced a major investment in its Florenceville-Bristol French fry plant that will expand capability and create 40 to 50 new jobs. The company is adding a new production line to meet growing demands for hash brown ...
Tags: McCain Foods, potato products, hash browns
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Peak Performance Grows Revenue 2.5 Percent
Sep 16, 2015Peak Performance, Scandinavia's largest technical sports and fashion wear brand, generated revenue of DKK 953m ($154 mm) in the fiscal year ended June 30, up 2.5 percent from the prior fiscal year, or 4.1 percent in currency-neutral terms, ...
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Mercedes-Benz Plans to Introduce The Company's First Pickup Truck by 2020
Mar 31, 2015Mercedes-Benz is planning to introduce the company’s first pickup truck by 2020, and become the first premium manufacturer to produce a pickup truck under its brand name. According to the German automaker, the company is simply ...
Tags: Mercedes-Benz, Truck, Auto Parts
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Sika's All Relevant Growth Targets for Full-Year 2014 Have Been Exceeded
Jan 14, 2015Sika has reported record sales in every region and also says that all relevant growth targets for full-year 2014 have been exceeded. An above-average increase in net profit is expected for the business year 2014. In the fourth quarter of ...
Tags: emerging markets, Construction
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Graco to Acquire The Stock of Pennsylvania-Based Hip Company for $160 Million
Jan 8, 2015Graco Inc. has agreed to acquire the stock of Pennsylvania-based High Pressure Equipment (HiP) company for $160 million. The acquisition of HiP is subject to customary regulatory review and Graco expects to complete the transaction in the ...
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Anthony Pratt Helps Transform Food and Water Security in India
Nov 25, 2014Australia’s Pratt and Israeli statesman Peres team together for India’s next food and water revolution Australian billionaire paper, packaging and recycling magnate Anthony Pratt has partnered with former Israeli President ...
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Daimler AG Is Continuing Along Its Path of Profitable Growth
Jul 28, 2014Daimler AG (stock-exchange symbol: DAI) is continuing along its path of profitable growth. In the second quarter of 2014, the Group achieved new record levels of unit sales and revenue and significantly increased its operating profit from ...
Tags: Daimler AG, profitable, Auto Parts
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Pinnacle Foods' Q4, Full-Year 2013 Results Was Announced
Mar 10, 2014Pinnacle Foods Inc. today reported double-digit growth in net earnings for both the fourth quarter and full year of fiscal 2013 ended December 29, 2013, achieving the top of its EPS guidance range. The Company also provided its outlook for ...
Tags: Pinnacle Foods, Food
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Fonterra Is Set to Expand Slice-on-Slice Cheese Capacity at Its Site in Eltham, Taranaki
Feb 24, 2014Fonterra, a New Zealand-based dairy co-operative, is set to expand slice-on-slice cheese capacity at its site in Eltham, Taranaki, with an investment of NZ$32m. The slice-on-slice cheese is primarily used in quick service restaurants for ...
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H.B. Fuller Company Reported Financial Results
Jan 20, 2014H.B. Fuller Company reported financial results for the fourth quarter that ended November 30, 2013 and guidance for 2014: Items of Note for 2014 Guidance: Adjusted diluted EPS projected at between $3.00 and $3.15, an increase of 16 to ...
Tags: H.B.Fuller, Construction
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ATA Hires Veteran Bruce Besancon to Fill The Role of Vice President of Marketing
Jan 16, 2014Alliance Tire Americas Inc.'s new Vice President of Marketing Bruce Besancon was previously director of marketing, NA Earthmover Tires at Michelin. Alliance Tire Americas Inc. (ATA) announced its recent hire of tire industry veteran ...
Tags: Alliance Tire, Besancon
