Industry News

Transilwrap acquires Dow Chemical’s global specialty films business

Dow Chemical has planned to sell its global specialty films business to Transilwrap Company

Pirelli plans entry into Commercial Vehicle Tire market of North America

The Italian Tire maker to sell tires for trucks and buses through a new subsidiary in US and Canada

Hankook poised to launch two brand new tires at MATS

The American subsidiary of Hankook Tire is prepared to introduce two all new truck tires in the United States tire market

Virtusa Corporation and Hitachi tie-up to offer their combined IT services across the globe

Hitachi and Virtusa Corporation enter into a partnership to provide their clients and other players with their enhanced services

The solar equipment market is anticipated to grow with the reduction in prices of solar energy

With the reduction in solar prices, the solar power generation market would become more competitive

Tata Global Beverages forays into branded coffee

Tata enters INR1300 crore instant coffee market place with the launch of Tata Coffee Grand to accelerate its revenues

Sinochem and Halcyon Plans to Amalgamate their Natural Rubber Business Assets

Sinochem International entered into strategic alliance with Halcyon Agri to merge their natural rubber business

IBM and Incubator Kstart come together to endorse start-ups in India

Incubator Kstart, partners with IBM for nurturing the Indian start-ups ecosystem

With reduction in prices of solar equipment, project developers are bidding aggressively for solar projects

With upcoming solar projects and decline in the solar-based tariff, the target of 100,000MW of solar power by 2022 seems achievable

A farmer’s cooperative in Kerala to start a cafe chain

A cooperative in Kerala operated by farmers is planning to open a string of coffee shops selling organic coffee

MEGlobal to Build USD1 billion Ethylene Glycol Plant in Texas

MEGlobal has planned for its new ethylene glycol (EG) facility at Dow Chemical’s Oyster Creek site at Freeport, Texas.

Sumitomo Rubber Industries Ltd. (SRI) plans to expand its TBR capacity in South Africa

With an investment of USD55 million, SRI is installing production equipment for TBR tires at the Ladysmith plant, acquired from Apollo Tyres Ltd. in 2013.

Two South Korean firms come together for creating first IoT city in the world

Samsung and SK Telecom have joined hands to develop the world’s first IoT city in Daegu

India’s Renewable Energy Market to see investment of more than $80 Billion by 2022

Government’s commitment in developing clean energy sources along with foreign investments will likely to drive growth in renewable energy projects

Panda Express an American-Chinese food chain is entering in India

The fast food chain Panda Express is planning to enter in partnership with Mumbai based JSM

Ascend begins manufacturing of Hexatran Trifunctional Amine in US

Ascend Performance Materials, a US Based chemical company started production of trifunctional amine at its Decatur production facility.

Uber plans to invest USD500 million by June 2016 in India

San Francisco based ride aggregator app company Uber, declared to invest a sum total of USD1 billion in India, nine months ago.

India-based HFCL to undergo joint venture with global defence electronics manufacturer

HFCL is in talks of undergoing a joint venture with a global partner for developing and enhancing the electronic and communication systems related to defence in India.

Adani Group is offering 49% of stake in upcoming Dhamra LNG Project to IOC & GAIL

Wide gap between demand-supply of natural gas, will surges the demand of LNG in India

Amul brand is setting up its processing unit in Northeast and Kolkata

Gujarat Cooperative Milk Marketing Federation (GCMMF), under the Amul brand sells its dairy products, is setting up its processing unit in the Northeast and Kolkata