BANGLADESH > Japan Tobacco Inc. to acquire Bangladesh based United Dhaka Tobacco business, a subsidiary of Akij Group for $1.47 billion

Japan tobacco logo Japan Tobacco Inc. is set to invest $1.47 billion to acquire United Dhaka Tobacco business, a subsidiary of Akij Group, the single biggest FDI in Bangladesh. United Dhaka Tobacco Company Limited holds about 20 percent market share of Bangladesh’s cigarette market only behind British American Tobacco. $1.09 billion will be utilized to buy shares of Dhaka Tobacco and $386 million 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 …

RUSSIA > Austria based Hawle is set to expand operations in Russia

Hawle logo Hawle, the Austrian company which is producing high- technology shutoff valves, is set to expand operations in Russia at the company’s production site in Lipetsk Region in Russia. Hawle has been operating in the region since 2011. The agreement of cooperation and interaction which was signed between the administration of the Lipetsk Region and Hawle was singed during the visit More …

FRANCE > UK based Designer Parfums is set to acquire the fragrance license of France based Cerruti 1881

Designer Parfums logo According to the announcement by Dilesh Mehta, Chairman and CEO of Designer Parfums, the company is set to acquire the fragrance license of the Cerruti 1881. Dilesh Mehta further said the following about the acquisition: “We are pleased to be adding Cerruti 1881 to the Designer Parfums collection of fragrance brands. The Cerruti 1881 brand was founded in 1967 by Nino Cerruti in Paris and More …

ISRAEL > USA based KLA-Tencor buys Israel based Orbotech at $3.4 billion

KLA-Tencor logo Valuing Orbotech at $69.02 per share, USA based KLA-Tencor is set to buy Israel based Orbotech. Orbotech is an Israeli firm that develops ways to enhance manufacturing of electronic products and KLA-Tencor will buy Orbotech shares through a combination of cash and stock. This will value Orbotech at $3.4 billion. According to Rick Wallace, KLA’s chief executive officer: “This acquisition More …

CAMBODIA > IFC, a member of the World Bank Group, commits a convertible loan of US $26 million to China’s furniture manufacturer – Morris Holding

IFC logo For expansion in Cambodia and China, Morris Holdings Limited has received a convertible loan of 200 million Hong Kong dollar (or $26 million) from IFC. Morris Holdings Limited is a Chinese manufacturer of affordable furniture and this project is set to help raise productivity in the wood products sector for both Cambodia and China and is also set to promote More …

CHINA > Yip’s Chemical Holdings Limited buys most of the coatings portfolio of DGL Camel International in Hong Kong and Mainland China

Duluxgroup logo Following a strategic review of the DGL Camel coatings portfolio, DGL Camel International is set to sell most of its coatings portfolio to Yip’s Chemical Holding Limited.  The deal is expected to complete in the first half of the 2018 financial year. However the Selleys business in Hong Kong and China and a small part of the coatings portfolio will More …

CHINA > U.S based BASF opens its first chemical catalysts manufacturing plant in Caojing, Shanghai China

basf logo Opening its first facility in the Asia Pacific region, BASF – a worldwide leader in chemical catalysts manufacturing and supplies – opened its new world- scale chemical catalysts manufacturing plant in Caojing, Shanghai, China. To serve the region’s growing chemical industry, BASF plant in China produces base metal catalysts and absorbents that combine localized production and application technology for customers. More …