Industry News

With the huge decline in the crude oil prices and increase in the pumping of Oil in the World market is a favorable environment for Oil importing Nations

Decline in the crude oil prices seems to be favorable for a net importing nation like India

Carrier Midea to initiate production of Residential Air Conditioning

India’s air conditioner major Carrier Midea is going to manufacture new range of residential air conditioners in Haryana by 2016

Clariant to Increase Masterbatch Production Capacity

Clariant to invest USD7.54 million in masterbatch production facilities and specialized equipment across Asia, North America and Europe

Borrachas Vipal adding a retreader in Mexico

The Brazilian based retread material producer is expanding its authorized dealer network in Mexico country, with an addition of Renovatec, a Mexican tyre retreader

Microsoft approaches Indian Government to offer its Cloud Services

Smart cities, Banking and State-owned enterprises are the key government projects and entities to which Microsoft urges to adopt cloud services

With Solar Power installed capacity reaches 5 GW, target of 175GW by 2022 seems to be achievable

Installed Solar power crossed 5,000 MW in January 2016 and is projected to reach the target of 18,000 MW by 2017

Nestlé’s Maggie loses market share

Rivals benefit as Maggi market share declines sharply following 5 months’ ban

PPG Industries Expands Coatings Innovation Centre

PPG accomplished the development of research center for paints and coatings business with an investment of USD7.8 million

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