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next three years
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Baidu Creates $1.5bn Fund to Invest in Emerging Autonomous Driving Projects
Sep 25, 2017Chinese search engine giant Baidu has created a new CNY10bn ($1.5bn) Apollo Fund to invest in more than 100 new and emerging autonomous driving projects in the next three years. The company has also released Apollo 1.5, its latest ...
Tags: Autonomous Driving, Apollo
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PCRRG Reports Significant Growth in Used Paper Cups in UK
Sep 19, 2017The Paper Cup Recovery and Recycling Group (PCRRG) said there has been a considerable progress in its 2020 goal in the UK of seeing more used paper cups that are recovered and recycled sustainably. The organization is made up of member ...
Tags: PCRRG, used paper cups
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Coca-Cola Great Britain Unveils New Diet Coke Limited-Edition Can Designs
Sep 11, 2017Coca-Cola Great Britain has unveiled new Diet Coke limited-edition can designs, as part of its efforts to attract more customers to the brand. The company has designed new promotional packs, Diet Coke and Diet Coke Caffeine Free, for the ...
Tags: PET bottle, Coca-Cola
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McCormick to Buy Reckitt Benckiser's Food Business for $4.2bn
Jul 20, 2017US-based spice manufacturer McCormick & Company has agreed to acquire the food division of British consumer goods firm Reckitt Benckiser (RB) for $4.2bn to strengthen its flavor and condiments portfolio. The acquisition of RB Foods ...
Tags: consumer goods, RB Foods
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Truking Acquires Majority Stake in Romaco
Jul 18, 2017Chinese manufacturing company Truking Group has completed the acquisition of a majority shareholding in Germany-based Romaco. The sale, which was announcved in May, gives Truking a 75% stake in Romaco. Former owner, provate equity fund ...
Tags: Truking
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Coca-Cola to Double Use of Recycled Plastic Content in Bottles by 2020
Jul 17, 2017Coca-Cola European Partners (CCEP) is planning to increase the use of recycled plastic in all of its bottles by 50%, as part of the UK’s new sustainable packaging strategy. The firm’s Great Britain (GB) business unit will work ...
Tags: Recycled Plastic Content, Bottles
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Bemis Plans to Close Two Manufacturing Facilities
Jul 4, 2017Flexible 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
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Nestle to Lower Salt Content in Maggi Range
Jun 2, 2017Nestle is planing to revamp its Maggi brand in the next three years to offer tastier and healthier choices for consumers. The move is part of the new Maggi Simply Good initiative, which includes lowering salt content in the Maggi range, ...
Tags: Nestle, vegetables
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China Strengthens Support to Developing Countries
May 18, 2017The new funding is of vital importance in translating the Initiative from blueprint to concrete projects and tangible benefits to the peoples of various countries, an anonymous source at the Ministry of Commerce said. President Xi ...
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Rudolph Secures Multiple Orders for Firefly Inspection System
May 3, 2017Rudolph Technologies has secured multiple orders from two advanced packaging service suppliers for its Firefly inspection systems. The system helps manufacturers in identifying defects earlier in the process, improving reliability of ...
Tags: advanced packaging, semiconductor
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Fab Toolmakers Target Advanced-Node Production
Apr 13, 2017Naura Technology (formerly Beijing Sevenstar Electronics) has started shipping ion etch equipment for the manufacture of 14nm chips to chipmakers, while Advanced Micro-Fabrication Equipment (AMEC) is being engaged in the development of etch ...
Tags: chipmakers, Electronics, chip
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UK's B&G Products Invests in Another Stand up Pouch Conversation Machine
Apr 7, 2017B&G Products, a UK-based manufacturer of re-usable bags and pouches, has invested in one more stand up pouch conversation machine. The company is also remodeling its food-standard factory to increase output. B&G Products is also ...
Tags: re-usable bags, pouches
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Evolva, Cargill Partner to Develop Next-Generation Stevia Sweetener
Apr 7, 2017Evolva will collaborate with Cargill for the production and commercialisation of the next-generation stevia sweetener, EverSweet. This product is on track for a 2018 launch, securing its first-mover advantage. EverSweet is a ...
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China to Be World's 2nd Biggest Wine Market
Mar 5, 2017China is set to become the world's second biggest wine market by 2020 when sales of still and sparkling wine reach 21 billion U.S. dollars in the country, the wine industry's VINEXPO announced here on Wednesday. The data was released by ...
Tags: Wine Market, Wine
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Sappi Plans Investments to Boost Packaging and Specialty Paper Capacities
Feb 14, 2017Sappi has announced plans to invest at its facilities in Europe and the US in a bid to increase capacities for packaging and specialty paper. In the next three years, the firm intends to invest $140m in equipment upgrades and production ...
Tags: Sappi, Packaging, Specialty Paper