Industry News

Trelleborg’s is all set to expand its penetration in North America Agriculture Tyre Market

Trelleborg has inaugurated its new agricultural tyre manufacturing unit in South Carolina in order to cater the North American market. The manufacturing facility will be manufacturing premium radial tyres for agricultural equipment.

BMW launches updated version of '3 Series' sedan in India for around USD52.90 thousand

German luxury passenger car manufacturer, BMW, on Wednesday (27th January, 2016) launched an updated version of its diesel-powered BMW 3 Series sedan in India, priced between USD53 thousand and USD66 thousand (ex-showroom Delhi). According to BMW India, new 3 Series sedan is domestically manufactur

Altair Semiconductor is acquired by Sony Corporation for $212 Million

Sony Corporation (Sony) announced the acquisition of Altair Semiconductor, a leading developer of Long Term Evolution (LTE) chipsets. Altair Semiconductor is headquartered in Israel and has offices in U.S., China, and Taiwan along with the distribution offices located in Korea, Japan, Taiwan and Gr

Snapdeal to Restructure its website to make it User friendly

E-commerce giant Snapdeal is adding new features to its website to make the user experience more joyful and helpful. Features such as Product Selfies, which allow user to post their picture with the product, enhanced order tracking and a new order page.

EuroChem Group AG signed investment agreement with Agrinos AS

EuroChem Group AG, a Switzerland based agrochemical company, signed a joint equity investment and two strategic collaboration agreements with a Norway based biological crop-additives company, that is, Agrinos AS. EuroChem announced to acquire 22.25 million new shares in Agrinos and has an option to

Big e-platforms are looking for small merchants

India’s largest ecommerce companies like Snapdeal, Paytm, Amazon and Flipkart are looking for small merchants who are selling lot of stuffs from their small stores. The ultimate goal is to increase the number of vendors so that they can attract more buyers.

Polyplastics to expand its engineering plastics compound manufacturing in Malaysia

Polyplastics, a global plastics manufacturer based in Japan, has plans to increase its global presence in the engineering plastics market by expanding the production capacity engineering plastics compound plant in Malaysia.

Camso introduces two wheel loader tyres

Camso Ltd., recognised for manufacturing OTR (off-the-road) tyres and rubber track added two new wheel loader tyres to its product portfolio. As per the company officials, the tyres, namely, WHL 775 and WHL 773, would offer greater productivity at comparatively lower operating cost. The official al

US-based Bokanyi Consulting acquired by Kellton Tech

Bokanyi Consulting, a US-based cloud and analytics service provider is acquired by the Indian based Kelton Tech through the internal accruals. Kelton Tech is a IT service provider which focuses on iSMAC (Internet of things, Social, Mobility, Analytics and Cloud).

Cooper opens first sales office in Brazil

Tyre giant, Cooper Tire & Rubber Co. has established its first sales office in Sao Paulo, Brazil to strengthen its sales and distribution network in the country. The new sales office, Cooper Tire & Rubber Co. Brasil Fabricacao, Importacao e Distribuicao de Pneus Ltda. is established as a step in th

Apple to setup a new technology center and back office operations in India

Apple, the premium smartphone brand is planning to open a new technology center and back office operations office in Hyderabad, India. The center is planned to accommodate 2,500 employees in its 2.5 lakh square feet space.

Dairy Drinks competition to intensify

Vio, a Coca-Cola’s carbonated milk drink is set to be launched in India. The step marks Coca-Cola India’s first concerted foray into value added dairy segment. Country’s per capita consumption of milk is high and offers huge opportunity in this segment. The dairy category is estimated to be worth I

ExxonMobil and Renewable Energy Group Explore Potential to Manufacture Biodiesel using Microbial Fermentation

ExxonMobil Research and Engineering Company, a research subsidiary of Exxon Mobil Corp., has entered into an agreement with a North America based biofuel manufacturer, that is, Renewable Energy Group, Inc. (REG) to conduct a research regarding biodiesel production

Zomato to double its revenue in current fiscal

Zomato which is one of the leading company that lists restaurant menus and captures consumer ratings, has now entered the online ordering business is planning to double its revenue by Mar 2016.

Samsung launched Mobile Virtual Reality Handset in India

Samsung Electronics launched Samsung Gear VR (Virtual Reality) handset in association with Oculus in Indian markets.

3M to divest Pressurized Polyurethane Foam Adhesives Business

Innovative Chemical Products Group, a specialty coatings and adhesives company signed an agreement with 3M company to acquire the later company’s pressurized polyurethane foam adhesives business.

Bridgestone Hungary expansion going as per plan

The officials at Bridgestone Europe have dismissed the recent rumours regarding the company’s intentions of delaying the planned expansion of its tyre manufacturing units at Tatabanya, Hungary.

Continental Automotive announces to locally produce Passenger car ABS and ESC at its plant in Gurgaon, Haryana

On account of increasing awareness and acceptance of safety technologies like airbags, Anti-lock Brake Systems (ABS) and Electronic Stability Control (ESC) in India, the Chassis & Safety Division of Continental Automotive has announced to start its production for ABS and ESC units within 2016.

Coca-Cola to Re-Structure its Brand Identity in India

US beverage maker Coca- Cola is re-designing its strategy for Indian market. The company will be changing the design of the pet bottles and cans of coke, coke Zero and Diet Coke and all the three brands will have a same look with minor variations.

Clariant to set up healthcare packaging plant in Tamil Nadu, India

Clariant, a Swiss based speciality chemicals company began the construction of a new Healthcare Packaging manufacturing plant in Cuddalore, Tamil Nadu. As announced in December 2015, the company would be investing approximately USD9.44 million in the plant that will manufacture moisture control