Industry News

Service Tire Truck Centers Inc. (STTC) opens retread plant in Millville, New Jersey

Michelin to expand its distribution network in retread tyre market with the assistance of Service Tire Truck Centers Inc. (STTC)

AkzoNobel to Acquired BASF’s Coatings Business

AkzoNobel has agreed to acquire BASF’s industrial coatings business for USD530.7 million

Michelin goes for Forward Integration!

The prominent tyre maker strengthens its distribution channel in the United States through 70-year-old distributor in North California.

Former RBI executive to join as CEO of PayTM’s payments bank

Shinjini Kumar, the former RBI executive to join as the CEO of PayTM’s payment bank

India Coffee Shops to see changes

Tata Global looks to store expansion while Costa Coffee focuses on quality of distribution

Asahi Kasei launched Mexican Subsidiary for Plastic Compounds

North American subsidiary of Asahi Kasei Chemicals inaugurated ‘sales and technical’ facility in Mexico for plastic performance compounds

Volkswagen Group plans to invest USD4.5 billion in China

The German based car manufacturer has plans to invest USD4.5 billion as the group chases its rival, General Motors in China.

NIIT Technologies strategize to focus on Digital Services

NIIT Technologies is focusing on providing digital solutions -Cloud, Analytics, and Digital Integration

Indian government bans energy consuming one-star AC’s

The Indian government banned the high energy consuming one-star ACs in India

Videocon battling to target 15% market share in air conditioner segment

India based home durables company is working hard for achieving its sales target

Reliance Jio joins hands with eight global carriers

To bring more innovative and customer centric products to the Indians, Reliance Jio partnered with eight global carriers

RPM acquired Holton Food Products- U.S. based Food Stabilizer Manufacturer

Mantrose-Haesuer, a subsidiary of RPM International Inc. entered into the United States food additives market through an acquisition of Holton Food Products Company

Suzuki plans to set up production units in Haryana

During the Make in India week 2016 in Mumbai, Suzuki reveals its plans to set up production units in Haryana in near future

Clariant JV Starts Construction of Masterbatch Production Plant in Saudi Arabia

Clariant Masterbatches Saudi Arabia, a joint venture between Clariant, a Switzerland based specialty chemicals manufacturer, and a Saudi Arabia based multipurpose plastics producer

Apple to set-up technology development center in India

Apple to start its technology development center in India by second half of 2016

Carlsberg Turns Profitable in India

Carlsberg’s strong beers turns it into a profitable business after 10 years of its entry into India

Tyre brand- DMACK, to have a production facility at Carlisle

Mr. Cormack, the Managing Director of DMACK Tyres unveiled his plans to start a production facility in Carlisle in two years

Qualcomm India to provide carrier aggregation support technology to mobile makers

Mobile manufacturers to get Qualcomm carrier aggregation solutions

Snapdeal raises USD 200 million

Snapdeal the E-commerce online marketplace raised USD 200 million just after 7 months after it had raised USD 500 million

INOVYN expected to setup a potassium hydroxide manufacturing facility in Antwerp, Belgium

INOVYN Deutschland GmbH, a Germany based chemicals manufacturer, is expected to setup potassium hydroxide (KOH) evaporation unit at its Antwerp / Lillo site in Belgium for the production of KOH.