Category: News Type

Seek Pet raises $75m and 21 more deal updates from Greater China worth $263m

Seek Pet, a Chinese provider of pet food, has raised nearly 500 million yuan ($75 million) in a pre-IPO funding round to build new factories and expand its R&D and product testing facilities. The new round was led by private equity (PE) firm Boyu Capital and Confitop Capital, an investment platform backed by Shanghai’s state-owned… Continue reading Seek Pet raises $75m and 21 more deal updates from Greater China worth $263m

India: IFC proposes $100m debt investment in Manappuram Finance

The International Finance Corporation (IFC), a part of the World Bank Group, has proposed a debt investment of up to $100 million in Manappuram Finance Limited (MFL), it said in a disclosure. IFC will invest via three-year non-convertible debentures (NCDs) to be issued by MFL. The investment will help MFL support underserved individuals in the… Continue reading India: IFC proposes $100m debt investment in Manappuram Finance

India’s Tata Motors looks to buy Ford plant in Gujarat for electric vehicle push

Indian automaker Tata Motors Ltd has signed an agreement to potentially buy a Ford Motor manufacturing facility in the western state of Gujarat as it looks to ramp up its production of electric vehicles. The owner of Jaguar Land Rover already dominates India‘s fledgling electric car market, which the government is trying to grow by offering companies billions of dollars in incentives. The memorandum of understanding announced on Monday… Continue reading India’s Tata Motors looks to buy Ford plant in Gujarat for electric vehicle push

Baring completes Ginko take-private, values Chinese contact lens maker at $1b

Hong Kong-based buyout firm Baring Private Equity Asia announced on Monday the closing of its investment in Ginko International, one of the biggest contact lens producers in China, in a take-private deal that valued the firm at $1 billion. Baring, which has $21 billion in fee-paying assets under management (FPAUM), said in a statement that… Continue reading Baring completes Ginko take-private, values Chinese contact lens maker at $1b

50 jobs threatened: in Saint-Vit near Besançon, the automotive subcontractor SV Découpage is playing its survival

Placed in receivership, the automotive subcontractor and assembler of metal parts based in Doubs has been facing a drop in its turnover for three years. Explanations. They still have customers. This is perhaps what allows them to still keep a little faith. Employees know, however, that the days of their company are numbered. SV Découpage… Continue reading 50 jobs threatened: in Saint-Vit near Besançon, the automotive subcontractor SV Découpage is playing its survival

Stellantis: “we are calling for a 5% increase”, in the country of Montbéliard, nearly 350 employees of the equipment manufacturer Siedoubs Faurecia are on strike

Since Tuesday April 19, employees of the Montbéliard and Etupes sites in the Doubs have been on strike. They are demanding wage increases and a large bonus due to inflation and the work provided in recent months. Some of the 900 employees are on strike. According to the unions, they are nearly 350 to have… Continue reading Stellantis: “we are calling for a 5% increase”, in the country of Montbéliard, nearly 350 employees of the equipment manufacturer Siedoubs Faurecia are on strike

“A worker takes 10 years to earn what Tavares earns in a month”, the remuneration of the boss of Stellantis shocks employees of Sochaux and Vesoul

A minority shareholder announces the amount of 66 million euros concerning the remuneration of Carlos Tavares, boss of Stellantis. The group’s communication speaks of 19 million euros. What do Franche-Comté employees think? reactions. Carlos Tavares, boss of Peugeot-Citroën and more broadly of the Stellantis group, could be the “highest paid manager in history” with an… Continue reading “A worker takes 10 years to earn what Tavares earns in a month”, the remuneration of the boss of Stellantis shocks employees of Sochaux and Vesoul

Global Tire Testing Market Growth Forecast Report to 2021: Focus on Tensile Test, Tear Test, Adhesion Test, Compression Test and Fatigue Test

DUBLIN, May 30, 2022 /PRNewswire/ — The “Global Tire Testing Market, By Testing Type, By Sourcing (In House and Outsourcing), By Vehicle Type, By Region, Competition Forecast and Opportunities, 2017-2027” report has been added to ResearchAndMarkets.com’s offering. The global tire testing market is projected to register growth at a significant rate during the forecast period. The… Continue reading Global Tire Testing Market Growth Forecast Report to 2021: Focus on Tensile Test, Tear Test, Adhesion Test, Compression Test and Fatigue Test

@Daimler: Mercedes-Benz ESF 13: A successful experiment for safety some 50 years ago

Milestone in Mercedes-Benz safety development with solutions foractive and passive safety such as ABS and airbags Premiere at the mobility trade fair “Transpo 72” in Washington D.C. Stuttgart. The number 13 was a real lucky number for vehicle safety 50 years ago: Mercedes-Benz presented the Experimental Safety Vehicle, ESF 13 for short, at the “Transpo 72” trade fair in Washington D.C. on… Continue reading @Daimler: Mercedes-Benz ESF 13: A successful experiment for safety some 50 years ago