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Bobst Group Reports Increased Sales Performance in 2017
Mar 7, 2018Bobst Group, a Swiss-based supplier of equipment and services to the packaging and label industries, has reported consolidated sales of CHF1 529m ($1,629m) in 2017, an increase of CHF82m, or 5.7%, compared to 2016. The operating result ...
Tags: packaging, label industries
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BMW Plans to Build Electric Mini Vehicles in China
Feb 28, 2018BMW Group has signed a letter of intent with Great Wall Motor on local production of future battery-electric MINI vehicles in China. In addition to production of the first battery electric MINI at the main plant in Oxford starting in ...
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LED Market Growing at 18% Cagr, Boosted by Demand for Energy-Efficient Lighting
Sep 11, 2017The global light-emitting diode (LED) market is increasing at a compound annual growth rate (CAGR) of more than 18% during 2017-2021, rising from $18.51bn in 2016 to $24.67bn in 2012, forecasts market research firm Technavio. In ...
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Tekni-Plex Buys Adhesive Tape Substrate Business From Alfatherm, Italy
Aug 4, 2017Packaging materials developer Tekni-Plex is expanding its Tekni-Films operations in Italy via an acquisition. The company acquired the self-adhesive tape substrate operations of Alfatherm SpA of Venegono Superiore (VA), Italy. The ...
Tags: Tekni-Plex, Adhesive Tape
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Great Lakes Cheese to Construct Packaging Facility in Wausau, US
Jul 24, 2017Great Lakes Cheese (GLC) is building a new $55m cheese packaging facility in Wausau, Wisconsin, US. The company has entered into an agreement with the City of Wausau to build the plant, which will help to enhance its production operations ...
Tags: Great Lakes Cheese, Packaging
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Crown's Net Sales Increase in Q2
Jul 24, 2017American packaging company Crown has reported net sales of $2.16bn for the second quarter of 2017, compared to $2.14bn for the same period in 2016. Increase in sales has been attributed to increased global beverage can volumes and pass ...
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United Caps Opens New Automated Warehouse in Wiltz, Luxembourg
Jun 16, 2017Plastic caps and closures manufacturer United Caps has opened a automated warehouse in Wiltz, Luxembourg. The warehouse is expected to increase the company’s storage capacity by 30%, from 3000 palettes to 4500. The facility is ...
Tags: Plastic caps, automated warehouse
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Daimler, Baic Sign Deal for Electric Vehicles Production in China
Jun 5, 2017German automaker Daimler and its Chinese partner BAIC Group have signed a new framework agreement for the production of electric vehicles. The agreement is focused on two significant investments. The first part is that Daimler will invest ...
Tags: Daimler, Electric Vehicles
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Starbucks Introduces Nitro Cold Brew in China
Nov 14, 2016Startbucks has introduced Nitro Cold Brew at the China World Trade Centre Starbucks store in Beijing. This is the first locaion in China and outside of US and Canada where Nitro Cold Brew was introduced. The introduction of Nitro Cold ...
Tags: Starbucks, Nitro Cold Brew
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Amarinth Secures EUR500,000 Pump Order for Abu Dhabi Project
Oct 13, 2016Amarinth has received an order worth more than €500 000 from Fjords Processing in France to supply eight API 610 OH2 desalting system recycling pumps for the Al Dabb’iya Facilities Development Phase III project in Abu Dhabi. ...
Tags: Amarinth, Fjords Processing, API 610 OH2 recycling pumps
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Emcore's Quarterly Revenue Growth to $22.4m Driven by Cable TV Rising 30%
Aug 15, 2016For fiscal third-quarter 2016 (to 30 June), Emcore Corp of Alhambra, CA, USA – which provides indium phosphide (InP)-based optical chips, components, subsystems and systems for the broadband and specialty fiber-optics markets – ...
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Strong Revenue and Profit Growth for Leekes
Jun 27, 2016Leekes Department Stores achieved growth in its financial year to 31st March, its owner achieving a £2m improvement in profitability with EBITDA profits exceeding £6m. Leekes Retail achieved 12% LFL growth in turnover up to ...
Tags: Leekes Department Stores, housing market, furnishings business
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Pulmuone Foods Completes Acquisition of Vitasoy USA
May 16, 2016Korea-based food company Pulmuone Foods has completed acquiring almost all the assets of Vitasoy USA for an undisclosed sum. The acquisition is intended to strengthen Pulmuone's position in the tofu market, while fortifying its operations ...
Tags: Pulmuone Foods, USA market
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Emcore Grows Margin and Income Year-on-Year Despite Seasonal Drop in Quarterly Revenue
May 13, 2016For its fiscal second-quarter 2016 (to 31 March), Emcore Corp of Alhambra, CA, USA - which provides indium phosphide (InP)-based optical chips, components, subsystems and systems for the broadband and specialty fiber-optics markets - has ...
Tags: Emcore, optical chips
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G-III Apparel Misses 4Q Profit Forecasts
Mar 23, 2016G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well short of Wall Street targets. For the fourth quarter ended Jan. 31, 2016, G-III reported that net sales increased by 3 percent to $527.4 million from $514.3 ...
Tags: G-III, Earnings, Wall Street targets