Industry News

Shandong Yinbao Tyre Group Enters Thailand via Joint Venture

Local Thailand tire manufacturers, P. Siam Tyre Ltd. and N.D. Rubber Public Co. Ltd. enters in a joint venture with Shandong Yinbao Tyre Group Co. Ltd.

Yeehaw Introduced 3D Printer for Kids on Indiegogo

Yeehaw 3D printer aimed for young geeks market and would be launched under Indiegogo Campaign

Saudi Arabia Cement Industry Witnesses 10% Drop in Sales

Overall Cement sales in Saudi Arabia fell to 10.3% y-o-y in August,2016.

Dean Foods and CROPP to Set up a Joint Venture for Organic Milk

Dean Foods Company plans to collaborate CROPP@Organic Valley to bring organic milk in the market through a strategic Joint Venture

UAE Oil Giant ADNOC says it Will almost Triple Petrochemical Output by 2025

State-owned Abu Dhabi National Oil Co (ADNOC) plans to almost triple its petrochemical production to an annual 11.4 MMT by 2025 from 4.5 MMT at current production.

Continental Launched Four New Motorcycle Tires

The Renowned tire manufacturing multinational introduced four brand new tires for motorcycles at EICMA event in Italy

Saudi Aramco Plans to Invest USD334 billion Over Next 10 years

Saudi Aramco plans to invest USD334 billion over the next 10 years for infrastructure development and capacity expansion

Xiaomi launched New Air Purifier Model in China.

The consumer electronics manufacturer has launched a new air purifier Xiaomi Mi Air Purifier Pro, Mi PM2.5 Detector in China.

Organization of Petroleum Exporting Countries (OPEC) aims to Cut Crude Oil Output

The decision would boost the demand for drilling fluids

Seoul to Introduce New Systematic Traffic Management for Air Traffic

New Traffic management system in Seoul to improve airport safety and airline services

Volkswagen Group Accommodates Design Center for Autonomous Car

German Automaker restructures domestic Autonomous Car Design Center

Sumitomo Chemical Opened its R&D Center in Brazil

The company announced the inauguration of LARC, its first R&D base in South America for AgroSolution Products

Round Hill Acquires Nordic logistics for USD200 million

Round Hill buys Nordic logistics and its industrial portfolio for about $200 million

Eni S.p.A. to award USD2.5 billion Coral FLNG Project to Samsung Heavy Industries

The rising number of projects are expected to positively influence global LNG market during 2016 - 2025

Huami Introduce AmazFit Pace Smartwatch in United States

Xiaomi Sub brand Huami launched GPS-enabled AmazFit Pace Smartwatch in the United States.

UK Government to Fund for Autonomous Vehicles

The government of United Kingdom has declared to fund USD484 million for the development of autonomous vehicles

Sasol Expands its Polypropylene Production Facility in South Africa

Sasol invests around USD70.41 million in its polypropylene expansion project to increase the production capacity by 1,03,000 tons per year

Demand from Customers Driving the Innovation Portfolio for Chillers at Trane

Trane, a brand of Ingersoll Rand and a leading provider of indoor comfort solutions and services, has recently launched its Series R RTWD water-cooler chiller for commercial and industrial buildings in the North American and the Middle-East region.

Baytex is Planning to Buy Subdued Heavy Oil Assets Worth USD48.35 million.

The company would fund the acquisition through a USD74.43 million financing from private banks which would drive the demand for enhanced oil recovery market globally

China’s LingLong introduced Smarthome Speaker DingDong

Linglong unveiled Smarthome speaker in answer to Amazon’s Echo & Google’s Home