USA > Singapore based GIC buys 30% of BBAM, California

GIC_business_logo photoshoped Sovereign wealth fund based in Singapore, GIC, buys 30% of BBAM, one of the world’s largest manager of investments in leased commercial jet aircraft. GIC bought the stake from BBAM management team and private equity firm Onex Group. After this transaction, all three shareholders will hold a minority stake in BBAM. GIC had committed investment to Incline Aviation, the aircraft More …

USA > Luxembourg based SAF Holland to invest US$ 4 million in southeast Arkansas

safholland photoshop SAF-HOLLAND, a Luxembourg based chassis related system company, is set to open a new facility in Southeastern Arkansas in the old Federal Mogul building in Dumas hiring 65 new employees. The company is known for making chassis related systems for trailers, trucks, buses, and recreational vehicles. The Dumas plant has been producing trailer suspensions since 1988 and is currently employs More …

USA > Australia based Westfield Corporation has teamed up with Greystar to construct an apartment complex in San Diego, California

Westfield logo photoshop The team of Westfield Corporation, headquartered in Sydney, and Greystar, headquartered in South Carolina have embarked to develop and manage a 300 apartment tower in San Diego, California. The project is to be estimated to be completed by 2019 and is worth to be approximately $200 million. This venture is Westfield’s first venture into residential development which will be followed More …

USA > Danish textile company Fibertex Personal Care to invest $60 million in Asheboro, North Carolina

Fibertex logo Fibertex Personal Care is set to invest $60 million in a manufacturing facility in  Asheboro, NC, United States adding 145 new jobs including both administrative and technical jobs. Projected average salary is supposed to exceed $40,000 which is 17 percent higher than Randolph County’s salary of $33,974. Headquartered in Denmark, Fibertex makes personal care items such as diapers, feminine hygiene More …

USA > Tsubaki Automotive invests $35.8 million to expand operations in Portland, TN, USA

Tsubaki logo Japan based Tsubaki Automotive is set to invest $35.8 million to expand its operation in Sumner County, Portland, TN in the next five years. Tsubaki manufactures drive trains and other automotive parts for Nissan, Ford, General Motors and Toyota and will create 70 new jobs through this project. The facility is assumed to be of 250,000 square foot with Tsubaki More …

USA > Japan based home appliances manufacturer Rinnai invests $69 million on a manufacturing facility in Georgia

Rinnai Japan’s Rinnai is set to invest $69 million to complete its first manufacturing facility in Griffin, Georgia in the United States. This investment will result in 150 jobs and 300 jobs during the next 10 years. Rinnai’s top selling U.S. product is the tankless water heaters which will be manufactured in this plant. Based in Nagoya, Japan, Rinnai Corporation has More …

USA > Britain based iam bank opens up its global headquarters in Chicago, Illinois

iam bank Founded by Irish entrepreneur, Lee Travers, Britain based iam bank opens its global headquarters in Chicago, Illinois. Iam provides both digital and physical banking and plans to grow to 35 employees. With special focus on technology savvy millennial customer base, iam provides personal banking with financial technical tools such as mobile apps, machine learning algorithms and chatbots tailored products to More …

USA > Boston based NxStage to be acquired by Germany’s Fresenius Medical

fresenius logo NxStage, a US based medical technology and services company, is set to be acquired by Germany based Fresenius Medical care to strengthen its vertically integrated dialysis business. The deal which is approved by the board of directors is yet to be approved by the NxStage stockholders, regulatory approvals and other customary closing conditions. The expected date of closing is set More …