For second-quarter 2018, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $157.8m, down slightly on $158.6m last quarter but up 40.6% on $112.2m a year ago. ...
Japanese automaker Nissan has abandoned the deal to sell its EV battery manufacturing unit to Chinese private equity firm GSR Capital. The deal, valued at nearly $1bn, was cancelled by Nissan stating that the Chinese firm lacked the ...
Tags: Nissan, GSR Capital
DS Smith Plastics, Extruded Products proposed a customisable tray made from AkyLux polypropylene sheets, offering a lightweight, durable and reusable solution for their internal logistics. Akylux polypropylene sheets are easy to convert ...
Irish 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
Pearson Packaging Systems, a producer of secondary packaging equipment, has completed the acquisition of robotic automation specialist Flexicell. Established in 1992, Flexicell provides end of line automation equipment for manufacturing ...
Tags: Pearson Packaging, beverage
Canadian global automotive supplier Magna International has announced new management structure and financial reporting segments. The shift better aligns our global operations with our long-term strategy tied to the future of mobility. ...
Tags: automotive, roof systems, sealing systems
Groupe Renault and Brilliance China Automotive have signed a joint venture (JV) contract to manufacture and sell light commercial vehicles (LCV) in China in three segments with three brands. The new JV, which will be known as ...
Tags: Renault, Light Commercial Vehicles
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
International Paper (IP) has unveiled plans to invest around $300m to convert its No. 15 paper machine at the Riverdale Mill in Selma, Alabama, US. The company will convert the paper machine from uncoated freesheet to whitetop linerboard ...
Tags: International Paper, paper machine
Food processing, packaging and weighing equipment manufacturer Heat and Control has opened a new manufacturing facility in Chennai, India, which has a manufacturing area of more than 11,800m2. Building on a foundation of 35 years ...
Grupo Alucaps Mexicano has invested in new Sacmi CCM64MB press, which will be used to manufacture water and CSD caps. The new 64-cavity CCM press allows to produce two differently designed caps by using the same die. Featuring advanced ...
Tags: bottlers, converters
Bosch has revealed what it describes as a start-up powertrain for electric vehicles. It’s now common knowledge that a more powerful battery will increase an electric car’s range. But can a new powertrain have a comparable ...
Tags: electric vehicles, powertrain
Biaxially oriented polypropylene (BOPP) films manufacturer Treofan has invested in Bobst metallizer, as part of its efforts to modernize its manufacturing operations. The company installed Bobst K5000 3650 mm wide metallizer to replace ...
Tags: BOPP films, Treofan
With counterfeit sales accounting for up to 5% of European trade, the brand protection specialist is set to deliver essential tips for toy firms. With counterfeit sales accounting for up to 5% of European trade, and toys the third most ...
Tags: European trade, toy
Packaging firm Sonoco has reduced total water usage by about 5% in 2016, total energy usage by 0.52% and recovered the equivalent (by weight) of 57% of the product that Sonoco places into the marketplace through recycling, according to the ...
Tags: Sonoco, Energy Usage