Industry News

L&T Wins USD1.6 Billion Order from Saudi Arabia to Develop Hasbah Offshore Gas Field

Increasing development of gas field in Saudi Arabia would surge the demand for Global Natural Gas Compressors Market

Daikin Plans to Start Manufacturing Unit for Air Conditioners in Vietnam

Daikin Industries to invest USD141.36 billion to build air conditioner factory in Vietnam to cope with growing demand in Southeast Asia.

Sumitomo Chemical to Build Polyethersulfone (PES) Plant in Chiba

Sumitomo Chemical to construct a new PES manufacturing facility in Chiba, Japan

Volkswagen Halts Sales of its Several Vehicles in South Korea

German carmaker Volkswagen has been struggling with slump in vehicle sales in South Korea

Polaroid Launched a New 3D Printer in the UK market Through Distributor

Polaroid launched its new of 3D printer through Tech Data, a distributor of the company in the United Kingdom

Chevron Inks LNG Supply Deal with China’s JOVO Group

JOVO Group would receive up to 0.5 million tons per annum of LNG over five years which would surge the LNG demand in China

Clean-Air IQ Launched Crowdfunding Campaign with Indiegogo

Clean-Air IQ to launch innovative air purifiers in the market by partnering with Indiegogo

Mitsui Zosen Machinery & Service Inc. (MZM) and Mitsubishi Chemical Corp (MCC) to Merge for the Sales and Production of Zeolite Membranes

Mitsui Zosen Machinery & Service Inc (MZM) and Mitsubishi Chemical Corp (MCC) have decided to collaborate for the production and sales of zeolite membranes

Expansion of Loan Guarantee for Electric Vehicle in the United States

United States Energy department expands the loan guarantee for electric vehicles in country

INEOS and MSM Poly Sign MOU to Support Resin Production

INEOS Barex AG, INEOS Barex USA LLC and MSM Poly LLC announced singing of MOU for sale of intellectual property and production support of Barex® product line to MSM Poly LLC

Unilever to buy Dollar Shave Club

Unilever to buy U.S based Dollar Shave Club and expanding its presence in the male grooming market

Total SA may opt out of competition with ExxonMobil in a bid for ownership of the InterOil's 36.5 percent stake in Elk-Antelope gas field in Papua New Guinea

The acquisition of stake of InterOil by Total or ExxonMobil will help companies to expand the LNG business leading to growth of global natural gas compressor market.

Michelin expands production at Brazil plant for agriculture tires

An addition to Michelin’s product portfolio at its Brazil plant

Google announced Artificial Intelligence Software Tools for Cloud Platform Service

The company launched two new artificial intelligence software tools in order to compete with their competitors in cloud services.

ABB Wins Order worth USD300 million to Develop Ultra-high-voltage Power Transmission Line in China

The contract would transmit 12GW of electricity from the renewable energy projects which would surge the demand for China Wind Power Market

Cloverleaf Cold Storage Plans to Expand its Sioux City Warehouse

Cloverleaf Cold Storage plans to invest USD18 million for expansion of its warehouse in Sioux City

Ethiopia Inaugurates Flagship Textile and Apparel Park

USD250 million Hawassa Industrial Park to provide space for 37 factory units and create more than 60,000 jobs

Yokohama Tires selected for Mazda SUV

Two tires of Yokohama selected for OE fitment in Mazda SUV for North America and Australia markets

NXP Semiconductors Partnered with eSSys to Deliver Intelligent Transportation Technology to Korea Government

NXP Semiconductors partnered with eSSys for delivering Intelligent Transportation Technology to Government of Korea

Indiana University Has Entered into Partnership with NSWC Crane on Cybersecurity

Indiana University and Crane Naval Surface Warfare Center (NSWC) has entered into a two-year agreement in order to tackle the cybersecurity challenges.