SINGAPORE > Italy’s Ferrero Opens Singapore Innovation Center

ferrero According to Ferrero’s press release, the company officially launched its Innovation Center in Singapore: the company’s first Asian innovation center. The center is designed to strengthen Ferrero’s position by furthering innovation in the areas of health and nutrition, new raw materials, product research and development and consumer insight. Ferrero’s decision to open the Innovation Center in Singapore is “motivated by its strategic location More …

ENGLAND > Japan based Hitachi Expands into England’s Elevator (Lift) Market though Acquisition

Hitachi Japan based Hitachi, Ltd. has acquired London based Temple Lifts Ltd. to enter the European elevator/lift market. Hitachi will be leveraging Temple Lifts’ sales channels, knowledge, existing know-how and technology, and existing maintenance contracts (approx. 5000) to initiate its entry. According to Hitachi’s press release, it has been expanding its elevator business in China, India, Middle East and other Asian More …

INDIA > Germany’s BASF Group inaugurates new Innovation Campus in Mumbai, India with an investment of $53.8Mn

BASF-Logo_bw.svg Germany based BASF Group inaugurated its new Innovation Campus Asia Pacific in Mumbai, India. The project with an investment of €50Mn ($53.8Mn) is the group’s largest R&D center in South Asia. The new investment will be able to help employ around 300 scientists. The R&D center is expected to serve industries like automotive, food and nutrition.   About BASF BASF is More …

GERMANY > England’s Synthomer to invest $21.2Mn in its dispersion plant in Worms, Germany

Synthomer England based Synthomer to invest €20Mn ($21.2Mn) in its dispersion plant in Worms, Germany. The project is expected to complete by third quarter of 2018. The fresh investment is expected to fully automate production lines for Acrylic-Dispersions. Synthomer will also add some new production lines. The total investment is expected to add some 30,000 tons to its existing production capacity. About More …

THAILAND > Sweden’s Tetra Pak to invest $25.36Mn for new closures production facility in Thailand

Tetra_Pak.svg Sweden’s Tetra Pak to invest $25.36Mn for new closures production facility in Rayong province of Thailand. Tetra Pak will be building new plant for producing closures for carton packaging creating 60 jobs. The facility will open in early 2018 and will have capacity to produce more than 3 billion closures annually.   About Tetra Pak Tetra Pak is a multinational food packaging and processing More …

USA > Japan’s SoftBank Group to acquire Fortress Investment for $3.3Bn

Softbank_mobile_logo.svg Japan based SoftBank Group to acquire Fortress Investment Group for $3.3 billion. The all-cash deal will help Fortress shareholders receive $8.08 per share when the transaction is closed. Financial advisers for SoftBank was JP Morgan Securities whereas Morgan Stanley & Co advised Fortress Investment Group.   About Fortress InvestmentFortress Investment Group is an investment management firm based in New York City. As of June 30, 2016, More …

USA > Germany’s KACO to expand its production facility in North Carolina investing $8.4Mn

KACO_new_energy_logo.svg Germany based manufacturing company KACO is set to expand its production facility in North Carolina investing $8.4Mn. The expansion will help create 100 new jobs in the next three years. KACO expansion plan in North Carolina will help them get a performance-based grant of $100,000 from the One North Carolina Fund for helping create jobs.   About KACO new energy KACO More …

SOUTH AFRICA > Coca-Cola to acquire 54.5% stake in Coca-Cola Beverages Africa from AB InBev for $3.15 Bn

the_coca-cola_company_logo-svg USA based Coca-Cola and Belgium based Anheuser-Busch InBev (AB InBev) have come into agreement in $3.15bn deal for 54.5% stake in Coca-Cola Beverages Africa(CCBA). In the deal Coke has agreed to buy 54.5% stake of AB InBev in CCBA. Coke had formed CCBA with SABMiller and Sabco (South African owners of bottler Coca-Cola) in 2014. They had a clause to More …