Industry News

Mitas Add Five New Tire Sizes to its Harvester Tire Line

The tire subsidiary of Trelleborg Group, Mitas, has extended its range of Cyclic Harvesting Operation (CHO) with new tire sizes

Mitsubishi to Set Up ExxonMobil’s Polyethylene Production Train in the US

Mitsubishi Heavy Industries Ltd. to support the production of ExxonMobil’s polyethylene plant through supply of various systems.

Premium Brands Completes Acquisition of Three Specialty Food Producers

Premium Brands Holding Corporation a producer and distributor of specialty food products, has acquired Island City Baking and Conte Foods.

OPEC’s Plan to Cut Crude Oil Production Surges Asian LNG price to USD7.40/MMBtu

The reduction of crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) countries would boost the Asian LNG price, thereby influencing the LNG market, globally

American Green Announced New Features to its American Green Machine

American Green has selected M2SYS for Biometric technology to complete its systems integration with the American Green Machine

China to Build EV Charging Infrastructure in Guangdong Province

Guangdong National Development and Reform Commission in China is investing in the electric vehicle charging infrastructure under 13th Five Year Plan

Ma'aden to Build a New Phosphate Fertilizer Manufacturing Complex in Saudi Arabia

Ma'aden to invest USD6.4 billion for the construction of phosphate manufacturing complex

Arima Decides to Shift to AlGalnP Infrared LED Chips from Nitride Blue LEDs

Arima Optoelectronics Corp. has shifted their production to aluminum gallium indium phosphide (AlGaInP) LEDs to avoid price-price competition in the blue LED segment.

Italy will Receive its first U.S. LNG Cargo by the end of 2016

Growing production of shale gas in U.S would positively impact the global LNG market in the near future

Amazon Cloud Computing Division Introduced New Cyber Security Services

Amazon new service will enable customer to have protection against cyber-attack.

Cooper Tire Acquired Majority Stake in Qingdao Ge Rui Da Rubber Co. Ltd.

The United States based tire manufacturing multinational purchased 65% stake in the China based Qingdao Ge Rui Da Rubber Co. Ltd.

Axalta Coating Systems Launches New Alesta Illusion Collection

Axalta Coating Systems introduced New Alesta Illusion Collection with advance technology and features.

PepsiCo to Buy Health Beverage Company, KeVita Inc.

Global Soft Drink giant to acquire US based organic beverage company to diversify its portfolio

Centrica to Sell its Entire Portfolio of Gas Assets in Trinidad and Tobago to Shell

Growing exploration and production activities by Shell, is expected to drive the LNG market globally

Fitbit to Acquire Smartwatch Maker Pebble for around $40 million

Fitbit set to acquire smartwatch maker and multi-million-dollar Kickstarter-darling Pebble

YC Rubber Co. (North America) LLC to Expand Duraturn Tire Line

YC Rubber Co. (North America) LLC is going to add two new tires to Duraturn product line

Inauguration of Sadara and SATORP Projects in Jubail

Inauguration of Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co. (SATORP) by King Salman bin Abdulaziz Al Saud

Symrise to Sell its Pinova Inc. Division to DRT (DRT Holdings Inc) for USD150 million

Symrise AG and DRT sign a deal regarding the acquisition of Pinova Inc.

Global Electric Vehicle Infrastructure Market is set to Expand by the end of 2021

Increasing focus on development of charging stations by automotive companies will lead to surge in the market of electric vehicle infrastructure

Heritage Bank Plc Introduced Biometric ID for Musicians

Heritage Bank collaborated with Performing Musicians Employers’ Association of Nigeria(PMAN) to provide biometric identity card for members