Industry News

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.

Energy Information Administration (EIA): Oil Companies in US opting for self-finance

Declining spending and increasing crude oil prices is reducing dependence of Oil companies for external financing which would leads to surge in United States Oil & Gas Accumulator Market

Danone to acquire another food group WhiteWave

Danone to pay USD12.5 billion to acquire organic food producer white wave.

China National Chemical Corp., ChemChina, to Buy Stakes in Adama

Adama Agricultural Solutions Ltd. to merge with Sanonda, a ChemChina owned chemicals producer.

Continental Tire plans to ramp up Off-the-road (OTR) Vehicle Tire

Continental Tire the Americas L.L.C. plans to launch OTR and agricultural tire in North America.

Volvo Invests in Geely to deepen its Cooperation in China

Volvo invests USD1.8 billion in “V auto project” to establish its third domestic base

DeNA Co., Ltd. Partnered with Preferred Networks, Inc. an Artificial Intelligence company

DeNA Co., Ltd. partnered with Preferred Networks, Inc. to form a new company called PFDeNA Inc. to become leading company in artificial intelligence market, globally

Pan American Energy (PAE) plans to invest USD1.4 Billion in Argentina

Growing investments in Argentina resulted in an increase in oil & gas output, reaching 108,000 bpd and 19 million cubic meters per day respectively between 2001 and 2015 which would surge the demand for Global Natural Gas Compressors Market

Goldman Sachs and Bain acquire Korean Cosmetic firm

Goldman Sachs and Bain buy majority stake in Carver, a Korean Cosmetic Firm

Ecolab Acquires Minority Stake in Aquatech International

Ecolab Inc. purchases minority stake in Aquatech International in order to enhance its performance and market.