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Volkswagen Launches Us Unit for Zero-Emission Vehicles
Feb 14, 2017Volkswagen has launched a new subsidiary designed to oversee $2bn in investments to promote zero-emission vehicles in the US. The new company, Electrify America, will be based in Reston, Virginia. It will invest in the construction and ...
Tags: Volkswagen, Zero-Emission Vehicles
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BRF Launches New Subsidiary for Halal Market in Middle East
Jan 10, 2017Brazilian meat company BRF has launched a new subsidiary named OneFoods to target the halal market in Middle East countries. The company has commenced the operations of the new subsidiary, which previously was called Sadia Halal. With ...
Tags: Halal Market, BRF
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Ennoble Beverages Secures Distribution Rights to Frank's Redhot Beverage Portfolio
Dec 15, 2016Upper Street Marketing's new subsidiary Ennoble Beverages has secured exclusive sales and distribution rights to the fast-growing Frank's RedHot Beverage portfolio. Securing exclusive rights to this portfolio, which currently includes ...
Tags: Beverage, Ennoble Beverages
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BENEO Sets up New Subsidiary in India
Oct 11, 2016BENEO, one of the leading manufacturers of functional ingredients, has announced the opening of its new office BENEO India Private Limited in Delhi, India. The opening confirms the company's strong commitment to the fast-growing local ...
Tags: BENEO, new office, India
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Corby Spirit and Wine to Buy Domaine Pinnacle's Spirits Business
Sep 6, 2016Corby Spirit and Wine has agreed to acquire the spirit assets of Domaine Pinnacle for C$12m ($9.2m). The transaction, which is expected to complete by the end of this month, includes Domaines Pinnacle's spirits portfolio of Canadian ...
Tags: Corby Spirit and Wine, Domaine Pinnacle, spirit assets
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BRF to Set up Halal Unit for Muslim Markets
Jul 5, 2016Brazilian meat company BRF has announced that it would establish a new subsidiary that will focus on supplying meat for Muslim markets. The company said it would set up a unit Sadia Halal that will hold assets related to the production, ...
Tags: BRF, Muslim Markets
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Ford Establishes Subsidiary To Design And Build Mobility Services
Mar 15, 2016Ford has established Ford Smart Mobility, a subsidiary which will specifically design, build, grow and invest in emerging or future mobility technology. Jim Hackett, the former chairman and CEO of Steelcase has been appointed as the ...
Tags: Ford, Mobility technology, Jim Hackett
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Aseptia Completes Sale Of Carolina Dairy And Wright Foods
Mar 11, 2016US-based food technology company Aseptia has completed the sale of Carolina Dairy and Wright Foods to a new subsidiary of AmeriQual Group Holdings. The sale involves transfer of assets of Carolina Dairy yogurt plant in Biscoe, North ...
Tags: Aseptia, Carolina Dairy, Wright Foods
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Aurora Invests RMB 40M in New Subsidiary
Oct 13, 2015Chinese sapphire maker Aurora announced last week, it would be investing RMB 40 million (US $6.32 million) in a new investment management arm to integrate investments in the sapphire supply chain, according to a report from China Securities ...
Tags: sapphire, Aurora, sapphire ingot
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China's Wealth Fund Posts Lower Returns
Jul 4, 2015The overseas investment returns of the nation's sovereign wealth fund sank last year amid a fragile world economy and soft commodity prices, according to figures released on Friday. China Investment Corp said that net annual returns on ...
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CCI Approved The Reliance Industries to Sell 49% Stake to Chinese Company Shandong Ruyi
Mar 12, 2015Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the ...
Tags: Reliance Industries, Shandong Ruyi
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Jack Wolfskin Has Reached an Agreement to Buy out Its Chinese Distributor
Dec 31, 2014Jack Wolfskin has reached an agreement to buy out its Chinese distributor and licensee over the next two years to clear the way for a new subsidiary it will establish in the People's Republic of China, or PRC. In exchange for a two-year ...
Tags: Jack Wolfskin, Chinese Distributor
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Lassonde Industries Posted Sales of $315m in Q314, a 22.3% Increase Year Over Year
Nov 11, 2014Lassonde Industries posted sales of $315m in the third quarter of 2014, a 22.3% increase year over year. Profit attributable to the Company's shareholders for this period totalled $10.6m, down $0.6m from the third quarter of 2013. "Our ...
Tags: Financial results, Apple&Eve, Agriculture
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The Investment Was Approved by The Company's Board of Trustees in a Recent Meeting
Sep 15, 2014The investment was approved by the company’s board of trustees in a recent meeting, according to a Securities Times report. To build another LED factory, the company plans to raise financing to purchase 199 hectares (300 mu) of land ...
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The Company Moved to Its New Site in Shanghai, China
Aug 13, 2014The global Rahn Group, global supplier of additives, oligomers, monomers, photoinitiators and other specialty chemicals, is further developing its international presence. The company moved to its new site in Shanghai, China, in July and is ...
Tags: Rahn, China, Decoration