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 …

GERMANY > U.S based Baldwin Technology Company is set to acquire German based Ahlbrandt System GmbH

baldwin logo A world leading in providing process automation solutions, Baldwin Technology Company Inc is set to acquire Ahlbrandt System GmbH and the acquisition is pending German government approval. Ahlbrandt is a top quality Corona Treatment, Spray Coating and Hot Air Drying company. It has 87 members and is headquartered in Lauterbach, Germany. The products and services Ahlbrandt offers complement Baldwin’s product More …

MOROCCO > USA based Varroc Lighting Systems is building a manufacturing facility and product development center in Tangier, Morocco

Varroc logo For producing headlamps and rear lamps for customers in Morocco and southern Europe, USA based Varroc Lighting Systems sets up a manufacturing facility in Tangier, Morocco. For producing and reinforcing its global capabilities as a premier developer and manufacturer of next- generation external lighting systems for the automotive industry, Varroc Lighting Systems has allocated the factory in located in “Tanger More …

BRAZIL > Ahlstrom-Munksjö is set to expand its Louveira plant in Brazil

Ahlstrom-Munksjo LOGO Ahlstrom-Munksjö, manufacturer of filtration media for transportation and industrial applications, is set to expand its Louveira plant in Brazil. Ahlstrom-Munksjö employs around 110 people and the Louveira plant is located in the San Paolo region in Brazil. According to Fulvio Capussotti, Executive Vice President of the Business Area Filtration & Performance: “Demand for filtration media in South America is expected to continue More …

GERMANY > Denmark based Arla Foods and Germany based dairy company DMK Group enter into agreement to rebuild DMK’s Nordhackstedt site

arla logo Arla Foods and DMK Group, who have already entered into a joint venture ARNoCo, have signed a third party manufacturing contract in which DMK will produce 35,000 tons of mozzarella cheese for Arla in its Nordhackstedt site in northern Germany. The Nordhackstedt site will be fully focused in mozzarella production and DMK will invest 15 million euro ($17.78 million) to More …

SLOVAKIA > Canada based Magna Mirror relocated its existing manufacturing factory in Nove mesto nad Vahom to a larger facility investing additional $30 million

Magna logo Due to business growth, Magna Mirror has relocated to a larger facility investing $30 million and creating additional 150 new jobs. The new investment will go primarily to refurbish the building and install a new automated paint line. Almost twice the size of the existing facility, the new factory will be 27,820 square meters. Magna is already serving its customers More …