AB Electrolux today announced it has entered into an agreement to acquire the appliances business of General Electric (“GE Appliances”), one of the premier manufacturers of kitchen and laundry products in the United States, for a cash consideration of USD 3.3 billion. The acquisition enhances Electrolux’s position as a global player in home appliances, offering […]
Philadelphia, PA – Customers of French Market Coffee have always associated the brand with its signature red coffee can, which harkens back to the company’s original Coffee and Chicory label introduced in the late nineteenth century. CROWN Food Packaging North America, a division of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), recently partnered with the […]
One in every ten cigarettes consumed in the European Union in 2013 were illicit, 33% of which were “illicit whites”, an emerging type of illegal, branded cigarettes manufactured for the sole purpose of being smuggled, according to a KPMG study published today. At these levels, EU governments lost approximately €10.9 billion to the illegal market. […]
ATLANTA and CORONA, CA., Aug. 14, 2014 – The Coca-Cola Company (NYSE: KO) and Monster Beverage Corporation (NASDAQ: MNST) announced today that they have entered into definitive agreements for a long-term strategic partnership that is expected to accelerate growth for both companies in the fast-growing, global energy drink category. The new, innovative partnership leverages the […]
WASHINGTON, – The Coca-Cola Company and its African bottling partners today announced a new investment of US$5 billion during the U.S.-Africa Leaders Summit here. The investment, to be made over the next six years, increases its total announced investment in Africa to $17 billion from 2010 to 2020. The Company and its bottling partners anticipate […]
CINCINNATI –Separating sustainable sources from non-sustainable sources in the production of palm oil and palm kernel oil is highly complicated, but Procter & Gamble (NYSE:PG) is stepping up to address the problem. The Company is conducting an in-field study to understand the practices of small farmers – and how those practices can be improved to […]
OSAKA, Japan / PALO ALTO, USA, – Panasonic Corporation and Tesla Motors, Inc. have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory. According to the agreement, Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic […]
PITTSBURGH, – PPG Industries (NYSE:PPG) today announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions. Financial terms were […]
U.S. Secretary of Commerce Penny Pritzker today urged U.S. businesses to evaluate the benefits of reshoring their operations back to the United States during remarks at the “Reinvesting in America, Creating Jobs at Home” forum on Capitol Hill. Pritzker joined U.S. Representative Frank Wolf (R-Va.) in hosting the forum which focused on raising awareness of […]
NEW YORK & HAMPTON, Va.–Leading aerospace manufacturer Alcoa (NYSE: AA) is expanding in Virginia to capture demand for next-generation aircraft engine parts. The Company is investing $25 million at its Alcoa Power and Propulsion facility in Hampton, Virginia to scale-up a breakthrough process technology that cuts the weight of its highest-volume jet engine blades by […]
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