SINGAPORE > Indonesia based Go-jek is set to expand to Singapore

go jek logo Micheql Reza, vice president of corporate communications of Go-Jek Indonesia, said that Go-Jek would expand to Singapore but however didn’t reveal the details of the expansion. He added: “This year for sure, but we cannot reveal more details.” Nadiem Makarim, Go-Jek CEO-cum-founder, also commented on Go-Jek’s expansion in Vietnam and Thailand by establishing two local companies which is also the companies first More …

ALGERIA > Austria based AGRANA is set to acquire 49% of share of Algeria based Elafruits SPA

tweet165 AGRANA, the fruit, starch and sugar group, has extended its presence in Africa by acquiring 49% of Elafruits SPA. Elafruits is located in Akbou, Algeria employing around 100 employees and it generated around 7 million euro in 2017 financial year. AGRANA is a global fruit company that maintains 29  production sites in 21 countries. Elafruits also makes fruit purées and More …

GERMANY > USA based Rain Carbon is set to construct a new resin polymerization and hydrogenation plant in Castrop-Rauxel, Germany

rain carbon logo A leading global producer of carbon based products, Rain Carbon Inc.  is set to construct a new resin polymerization and hydrogenation plant in mid-July at its integrated coal tar and petrochemical site in Castrop-Rauxel, Germany The plant is expected to be operational in the third quarter of 2019 and will have a resins production capacity up to 50000 tons per year. According to More …

ISRAEL > USA based Milliman is set to open a new office in Israel.

Milliman logo A premier global consulting and actuarial firm, Milliman Inc. is set to open a new office in Tel Aviv, Israel. Expanding its operations into the Middle East, the office will be headed by Benny Gabbay, leading figure in Israeli insurance industry, and Daniel Sharon, chief actuary of Phoenix Insurance Ltd. The office will offer insurance and actuarial consulting services. According More …

SOUTH AFRICA > Germany based Mercedes- Benz Cars is set to invest €600 million ($705.09 million) in East London, South Africa

Mercedes Benz logo Including the construction of a new paint shop and a new body shop, Germany based Mercedes- Benz Cars is set to invest €600 million($705.09 million) in East London, South Africa. The investment also will include an upgrade of the assembly shop and new logistic warehouses. The new building will comprise an area of approximately 100.000 sqm. which reflects the addition More …

IRELAND > USA based animal health group Phibro is set to create 150 jobs in Sligo, Ireland

Phibro logo Phibro, an animal health and mineral nutrition company, is set to create 150 jobs in Sligo, Ireland over the next five years. Phibro is headquartered in the US and it plans to establish a biotech facility producing a range of animal health vaccines at the IDA Business Park in Finisklin, Sligo, Ireland. Initially set to focus on producing Phibro’s vaccines More …

AZERBAIJAN > UK based BP to starts up landmark Shah Deniz 2 development in Azerbaijan

bp-logo The largest subsea infrastructure operated by BP worldwide, the Shah Deniz 2 gas development in Azerbaijan is a $28 billion project which was announced by BP and its partners to start, including its first commercial gas delivery to Turkey. BP is also starting for the Southern Gas Corridor series of pipelines that will deliver gas from the Caspian Sea direct More …

INDIA > IFC which is a member of the World Bank Group is set to invest INR 6.4 billion ($100 million) in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)

IFC logo   Investing $100 million in Mahindra Finance, IFC intends to enable Mahindra Finance to further augment its growth and in turn extend mainly farming loan to individuals to buy tractors, vehicles and other equipment along with financing small and medium enterprises. To be secured through nonconvertible debentures, this loan will assist Mahindra Finance which is already the country’s leading rural More …