SPAIN > China based Globalegrow to expand in Spain with a maintenance center and 19 employees

globalegrow With the boost of “the Belt and Road” initiative, Globalegrow is expanding to Spain by establishing a maintenance center. Globalegrow’s subsidiary company Cheetahrepair, the European Wing of Globalegrow is set to independently operate in Spain and will provide services such as quality testing, maintenance, refurbishment of returned products, and other after sales services from Globalegrow. According to Longlong Zheng, Manager More …

SINGAPORE > UK based Frontierpay launches Asian headquarters in Singapore

frontierpay logo A foreign exchange and international payments firms, Frontierpay, is set to open its Asian headquarters in Singapore as a part of international expansion. Expected to grow to a staff of 50 over the next three years, Frontierpay is currently set to hire 5 people. The employees will be focused on supporting customers with their foreign exchange needs which includes supporting More …

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 …