Page 39 - B2B Connect
Tata Coffee plans to set up Rs 350-crore manufacturing plant in Vietnam
The freeze dried coffee plant in Vietnam, which is the largest robusta coffee growing region, will serve the company's global customers
 "Tata Coffee plans to set up Rs 350-crore manufacturing plant in Vietnam")
Opto Circuits bags Rs 91 crore order from Philips Healthcare
As per the long term contract, the company will supply various types of medical devices to Philips Healthcare
 "Opto Circuits bags Rs 91 crore order from Philips Healthcare")
Glenmark to enhance R&D activity and focus on specialty products for growth
The company is targeting 30 percent of total revenues from specialty and innovation segments over the next decade
 "Glenmark to enhance R&D activity and focus on specialty products for growth")
Mosaic buys fertiliser business of Brazil's Vale for $2.5 billion
The deal will help Mosaic to become the leading fertiliser production and distribution company in Brazil, one of the world's preeminent agricultural markets
 "Mosaic buys fertiliser business of Brazil's Vale for $2.5 billion")
Shell completes sale of stake in Showa Shell to Idemitsu
The sale supports Shell's strategic commitment to focus downstream activity on areas where it can be most competitive
 "Shell completes sale of stake in Showa Shell to Idemitsu")
Evonik ends cooperation with Chr Hansen for probiotic feed additives
This follows Evonik's decision to actively market its own probiotic products, after it acquired the probiotics business of the Spanish company Norel in July 2016
 "Evonik ends cooperation with Chr Hansen for probiotic feed additives")
Shell divests Australian aviation business to Viva Energy for $ 250 mn
It follows the sale of Shell's other downstream activities in the country to Viva Energy in 2014
 "Shell divests Australian aviation business to Viva Energy for $ 250 mn")
SWM acquires Conwed Plastics for $ 295 million
The acquisition of Conwed will help SWM to strengthen its position in engineered resin-based netting solutions, which have wide range of applications
 "SWM acquires Conwed Plastics for $ 295 million")
Nano Dimension delivers 3D printer to leading defence company
This marks Nano Dimension's fifth delivery of the DragonFly 2020 3D printer, following deliveries to leading companies from a variety of industries
 "Nano Dimension delivers 3D printer to leading defence company")
Cipla receives US FDA's approval for generic Tricor tablet
Tricor (fenofibrate) tablet and generic equivalents had US sales of approximately $ 307 million for the 12 month period ending October 2016, according to IMS Health
 "Cipla receives US FDA's approval for generic Tricor tablet")
Lupin launches anti-fungal drug voriconazole in US
Voriconazole tablet and oral suspension are generic versions of Vfend tablet and Vfend oral suspension - manufactured by PF Prism CV
 "Lupin launches anti-fungal drug voriconazole in US")
M&M forms JV with PSU firm MSTC for auto shredding plant
The shredding plant will recycle end of life vehicles (ELVs), white goods and other products for the production of ferrous and non-ferrous shredded scarp
 "M&M forms JV with PSU firm MSTC for auto shredding plant")
NTPC-Nalco JV to set up Rs 14,000-cr power plant in Odisha
The proposed 2,400 MW super critical power plant will supply uninterrupted power to Nalco's aluminium smelter at Angul
 "NTPC-Nalco JV to set up Rs 14,000-cr power plant in Odisha")
Ceat plans Rs 2,800 cr investment to raise tyre production
With this, it aims to raise capacity by 1 mn tyres per annum for truck bus radials, 17 mn tyres per annum for 2-wheelers and 6 mn tyres per annum for passenger car radials
 "Ceat plans Rs 2,800 cr investment to raise tyre production")
BHEL bags Indian Railways' Rs 200 crore contract
As per the order, the engineering major will supply 118 sets of IGBT-based traction converters for 3 phase 6,000 HP electric locomotives
 "BHEL bags Indian Railways' Rs 200 crore contract")
Gujarat govt to pick 26% stake in Swan Energy's Rs 5900 cr LNG project
State government will be part of this project through Gujarat State Petronet Limited (GSPL) and Gujarat Maritime Board (GMB)
 "Gujarat govt to pick 26% stake in Swan Energy's Rs 5900 cr LNG project")
India well-equipped to face hike in Fed rates & oil prices: Dr Arvind Subramanian
However, according to the chief economic advisor, the main challenge is in the form of weakening of Chinese currency and other competing economies
 "India well-equipped to face hike in Fed rates & oil prices: Dr Arvind Subramanian")
Welspun to set up Rs 600-cr carpet manufacturing facility in Gujarat
It has also started a wastewater treatment facility at Anjar. Welspun will reuse the treated water from this facility for its production activities, thus reducing its dependency on Narmada river
 "Welspun to set up Rs 600-cr carpet manufacturing facility in Gujarat")
Baxter acquires Claris Injectables for $625 million
With this acquisition, the US-based pharma company will add global portfolio of sterile injectables, robust pipeline, and manufacturing capabilities
 "Baxter acquires Claris Injectables for $625 million")
IT major Infosys invests in drone maker IdeaForge
IdeaForge's unmanned aerial vehicle (UAV) have been widely deployed by the Indian Armed Forces for surveillance, crowd monitoring and rescue operations
 "IT major Infosys invests in drone maker IdeaForge")
