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Latest

Xcel Energy to shut coal plants amid plans to go carbon-free by 2050
Energy and power
Pankaj Singh Date: May 22, 2019

Xcel Energy to shut coal plants amid plans to go carbon-free by 2050

The company has struck an agreement with environmental and labor groups to boost clean energy adoption and help ease economic and job losses from the closed coal plants. Minnesota’s largest elect....
Principia announces Phase 1 PRN1371 trial data for bladder cancer
Healthcare
Pankaj Singh Date: May 21, 2019

Principia announces Phase 1 PRN1371 trial data for bladder cancer

Around 36 adult patients with advanced solid tumors have completed the Phase 1, open-label dose escalation segment of the PRN1371 trial. A late-stage biopharmaceutical company Principia Biopharma I....
Okinawa Autotech plans to expand manufacturing plant to meet demand
Manufacturing
Pankaj Singh Date: May 20, 2019

Okinawa Autotech plans to expand manufacturing plant to meet demand

Okinawa Autotech, an electric scooter manufacturer, is planning to invest Rs 200 crore to set up a new manufacturing plant with a production capacity of 1 million units, annually. It has been reported....
Thermo Fisher Scientific to acquire GSK manufacturing plant for €90M
Manufacturing
Saipriya Iyer Date: May 18, 2019

Thermo Fisher Scientific to acquire GSK manufacturing plant for €90M

The acquisition will help Thermo Fisher expand its capacity and meet demands for complex APIs. U.S. biotechnology firm, Thermo Fisher Scientific Inc. has recently announced that it has entered into....
Texas-based ExxonMobil expands manufacturing capacity at Wales plant
Chemicals
Saipriya Iyer Date: May 17, 2019

Texas-based ExxonMobil expands manufacturing capacity at Wales plant

The latest Newport investment has doubled the manufacturing capacity of Santoprene thermoplastic elastomers at the site ExxonMobil Corporation, the American multinational oil & gas company, has....
Spicers Paper, a CNG division, acquires Premiere Packaging Industries
Manufacturing
Saipriya Iyer Date: May 16, 2019

Spicers Paper, a CNG division, acquires Premiere Packaging Industries

Premiere Packaging Industries, Inc., has recently been acquired by Spicer Paper which is a division of Central National Gottesman Inc. (CNG), one of the world’s largest distributers of paper, pulp, ....
GS-Solar to acquire Panasonic’s solar panel business in Malaysia
Technology
Pankaj Singh Date: May 15, 2019

GS-Solar to acquire Panasonic’s solar panel business in Malaysia

GS-Solar, a China based solar panel manufacturer, has entered into an agreement with Japan’s Panasonic Electronics Corporation to acquire Panasonic Energy Malaysia, a solar manufacturing subsidiary ....
Piramal Group to acquire renewable power projects of Mytrah Energy
Energy and power
Saipriya Iyer Date: May 14, 2019

Piramal Group to acquire renewable power projects of Mytrah Energy

Discussions for acquisition of Mytrah’s renewable power by Piramal and CPPIB have been in fray for      some time now. Piramal group plans to add potential asset of Mytrah’s operational re....
Fonterra to sell ice cream company Tip Top to Froneri for $250 million
Food
Pankaj Singh Date: May 13, 2019

Fonterra to sell ice cream company Tip Top to Froneri for $250 million

Poor annual outcomes in 2018 is prompting Fonterra to carry out a major asset review. Fonterra Co-operative Group Limited has reportedly announced that it has agreed to offload Tip Top, its ice cre....

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