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Constantia Completes $1.3bn Sale of Labels Division to Multi-Color
Nov 2, 2017Constantia Flexibles has completed the €1.15bn ($1.3bn) divestiture of its labels division to Ohio-based printing company Multi-Color Corporation following the receipt of regulatory authorities. As part of the deal, Constantia ...
Tags: Constantia Flexibles, labels
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LyondellBasell Announces Shareholder Approval for New Share Repurchase Program
May 25, 2017LyondellBasell has announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of $0.90 per share, representing a 5.9 percent increase over the company's first quarter 2017 dividend. The ...
Tags: LyondellBasell, plastics
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Mercedes-Benz Vans Partners with Hermes
May 18, 2017Mercedes-Benz Vans and Hermes have partnered for the development of technologies and services for vehicle fleet operated by the retail and logistics services provider. Volker Mornhinweg, Head of Mercedes-Benz Vans, and Hanjo Schneider, ...
Tags: Mercedes-Benz, Hermes
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Volkswagen Close to $4.3bn US Settlement Over Diesel Emissions
Jan 16, 2017Volkswagen is nearing a $4.3bn settlement with the US regulators that would include pleading guilty to several criminal charges in the diesel emissions scandal. The company is in advanced discussions with the USDepartment of Justice and ...
Tags: Volkswagen, Diesel Emissions
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Volkswagen Opens New Plant in Wrzesnia, Poland
Oct 27, 2016German auto-maker Volkswagen has opened a new plant in Wrzesnia, Poland. Festive plant opening in Wrzesnia, Poland: about 1,000 guests from state authorities and business as well as representatives from the workforce and unions – ...
Tags: Volkswagen, Crafter
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SUSS MicroTec Appoints Former Company Veteran as New President 's CEO
Sep 6, 2016The supervisory board of SUSS MicroTec AG of Garching, Germany, which makes photomask aligners, laser processing systems and wafer bonders, has appointed Dr Franz Richter as a new member of the management board (with a contract running for ...
Tags: SUSS MicroTec, former company veteran, ceo
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COFCO to Acquire Remaining Stake in Nidera Capital
Aug 26, 2016COFCO has reached an agreement to acquire the remaining minority stake in Nidera Capital to gain full ownership of the company. The minority stake has been bought by COFCO International from Cygne to gain 100% ownership in Nidera. The ...
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Infineon to Acquire Wolfspeed for $850m
Jul 16, 2016Infineon Technologies AG of Munich, Germany has entered into a definitive agreement to acquire the Wolfspeed Power & RF division of Cree Inc of Durham, NC, USA for $850m in cash (about €740m). The deal also includes the related silicon ...
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Volkswagen Plans Major Electrification Initiative
Jun 20, 2016Volkswagen has adopted a new strategy to become a lead in sustainable mobility by bringing out more than 30 new e-vehicles by 2025. In order to achieve these goals, the Board of Management - with the approval of the Supervisory Board - ...
Tags: Volkswagen, pact for the future, BEVS
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Land Transfers Thrive in Rural China
Dec 17, 2015Land transfers are flourishing in Jinzhou, some 260 km south of Beijing, catalyzing mushroom growth of specialized cooperatives, authorities have said. "About one-tenth of farmers have joined market-oriented cooperatives in Jinzhou and ...
Tags: Land Transfers, mushroom, Corn Plantation
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Porsche to Invest Around Eur1bn to Create Tesla Rival
Dec 8, 2015Porsche is planning to spend around €1bn on its main site in Stuttgart-Zuffenhausen, Germany to build the company’s first all electric race car Mission E. The investment will result in the creation of 1000 new jobs and it ...
Tags: Porsche, electric race car
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Osram LED Business Shows Positive Growth in 2Q15
Nov 13, 2015Osram continued to show a good profit performance in the third quarter of fiscal 2015. EBITA1 excluding special items rose 24% from a year earlier to EUR 129 million (US$ 142.51 million) , translating into a margin of 9.5%. The development ...
Tags: Osram, smart lighting, LED lighting
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Osram Spins off General Lighting Business
Nov 12, 2015German lighting giant Osram announced it will be spinning off its general lighting business including general LED lighting into an independent company. Osram Lamp According to the company statement: “This business includes the ...
Tags: Osram, LED lighting, general lighting
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Daimler Trucks Picked up Share in Zonar Systems for Designing Fully-Connected Vehicles
Jun 29, 2015German automotive major Daimler Trucks has picked up share in US logistics, telematics and connectivity solutions firm Zonar Systems for designing fully-connected vehicles and providing value-adding data for truck drivers and operators. ...
Tags: automobile production, car manufacture, Daimler Trucks
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a New Integrated Commercial Vehicles Group Has Been Launched by Volkswagen
May 11, 2015Volkswagen has launched a new integrated commercial vehicles group, Truck & Bus GmbH, bringing together a structured framework for business with mid-sized and heavy trucks and buses. Led by Volkswagen Aktiengesellschaft management ...
Tags: Volkswagen, Commercial Vehicles