Page 46 - Manufacturing Industry

ABB starts shore-to-ship power supply at Tuticorin port to reduce carbon footprint

The first such installation at a commercial port, provides a plug and play power solution to help eliminate emissions that would result from burning diesel while ships are berthed

Bill Forge takeover to help Mahindra CIE strengthen position in Asia

With its exposure to leading 4W OEMs, strong presence in 2W and significant exports, Bill Forge will provide complementary business mix to Mahindra CIE

Global chemical firms focus on India to promote TfS for sustainable supply chains

Many Indian companies with large international exposure are showing their willingness to join Together for Sustainability (TfS) - a global initiative aimed at chemical suppliers

Bayer buys Monsanto for $ 66 billion

The combined entity will benefit from Monsanto's leadership in seeds & traits and climate corporation platform along with Bayer's broad crop protection product line

India holds lot of promise for Covestro: Frank Lutz

In this interview, Frank Lutz, CFO of Covestro, discusses the company's strategy to strengthen its presence in the country and present status of the polymer industry

Indian Oil ropes in Praj to set up 2G bio-ethanol plants

Praj will be IOCL's technology partner for setting up multiple second generation (2G) bio-ethanol plants based on indigenously developed technology

Atos acquires Anthelio Healthcare for $ 275 million

Acquisition of Anthelio, an outsourcing services provider, brings more than 1,700 healthcare professionals to Atos, of which 1,300 are in the US and 400 in India

Horizon Pharma buys Raptor Pharmaceutical for $ 800 million

The deal will strengthen Irish firm's focus on rare diseases and expand its operations in Europe and other international markets

Sanofi and Google form JV to develop diabetes management platform

The JV, named Onduo, will leverage Verily Life Sciences' experience in miniaturised electronics, analytics, and consumer software development, and Sanofi's clinical expertise

Protein Sciences bags mega contract from US HHS for influenza vaccines

The company stands to receive up to $ 610 million through 2021 if US Biomedical Advanced Research and Development Authority (BARDA) exercises all options

Reliance Sibur Elastomers avails term loan of $ 330 mn

The loan, by way of external commercial borrowing (ECB) having tenor of 10 years, will be utilised to part finance the capital expenditure to set up India's first butyl rubber facility at Jamnagar, Gu

Dhunseri Petrochem completes formation of JV with Thailand's Indorama Ventures

The JV will gain from significant synergies as being the sole producer of PET resin in Northern & Eastern India and with all its manufacturing sites effectively integrated with third party PTA sup

Plastics consumption in India to reach 20 mn TPA by 2020

Exports of finished plastic products expected to double to $ 15 billion in the next 5 years, says Plastindia Foundation, which will organise Plastindia 2018 event in Gujarat

Glenmark receives US FDA approval for skin ointment lidocaine

The approved product is the generic version of AstraZeneca's Xylocaine ointment (5%), which recorded annual sales of approximately $ 373 million

Skin care specialist Kaya Ltd acquires 75% stake in two UAE firms

The company has acquired 75 percent stake in Minal Medical Centre, Dubai, and Minal Specialized Clinic Dermatology, Sharjah

Suprajit buys US-based cables maker Wescon Controls for Rs 295 cr

Acquisition of Wescon, a market leader in the outdoor power equipment (OPE) in North America, will help Suprajit to increase its exposure in both automotive and non-automotive business in the Americas

Digitalisation and smart manufacturing: The way ahead to a sustainable India

The integration and interplay of product lifecycle management, factory automation and digitalisation will be key to the future of manufacturing, says Ashish Bhat

Narayana Health partners with Cisco to offer specialised remote diagnostics capabilities

The association will enable Narayana Health to offer high-quality diagnostic services for various specialities at a cost that's affordable to patients remotely in various parts of the country

Nissan and Ashok Leyland agree to restructure partnership arrangement

As per the new pact, Ashok Leyland will buy Nissan's stake in three joint venture companies, formed in 2008, that focus on technology development, and manufacturing of powertrains and vehicles

Motherson Sumi acquires Hungarian auto parts maker Abraham es Tarsa

The Hungarian firm is an expert for plastic processing and high quality products for car makers across Europe