Industry News

Hinduja National Power announced commissioning of 1.04 GW power plant in Vishakhapatnam

The commissioning of project would give a major boost to the India Power and Distribution Transformer market

SABIC and ExxonMobil Enters into Joint Venture for Petrochemical Project on US Gulf Coast

SABIC and ExxonMobil enter into a joint venture to develop a petrochemical complex on the US Gulf Coast

Sumitomo Rubber Industries plans on adding truck tires at Brazilian Plant

Japan Tire maker Sumitomo to add truck tire in their Brazil plant.

Kapsch Trafficom Awarded Contract by Port Authority of New York and New Jersey to Provide New Toll System

Kapsch Trafficom was awarded contract by Port Authority of New York and New Jersey to provide new toll system

Unilever plans to launch baby care products under Dove brand

Hindustan Unilever (HUL) plans to launch a range of baby care products under its dove brand to challenge the market giant Johnson & Johnson in the USD615.38 million market

Lufthansa Group, Honeywell Aerospace and Airbus team up for Runway Safety Solutions

The big three companies of Air Traffic Management have signed a Memorandum of Understanding (MOU) in order to provide a new safety system

Ministry of New and Renewable Energy (MNRE) to launch National Lab Policy for renewable energy

National Lab Policy is expected to improve the quality and reliability of installed PV systems that would further improve the domestic manufacturing, thereby surging the demand for Solar Power Equipment in India

Mother Dairy to expect a revenue increase by FY18

Mother Dairy to enter into newer regions in order to increase its revenues which is expected to be around USD1,493 million by FY18

Vietnam Textile and Garment Firms Recommend Wage Freeze

In Vietnam, textile and garment manufacturing companies are facing stiff challenge in meeting their export target for 2016.

Goodyear to inflate passenger car tire production capacity in China

A calculated decision to meet the increasing demand of passenger car tire by expanding its passenger car production capacity

NEXT Biometrics Partnered with Innolux to Manufacture Flexible Fingerprint Sensors

NEXT Biometrics partnered with Innolux for mass-production of flexible fingerprint sensors.

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