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Industry News

  • Baking Ingredients Market to Reach $16.9B by 2022

    The global market for baking ingredients is forecasted to reach a value of $16.91 billion in 2022, growing at a compound annual growth rate (CAGR) of 5.4% from the market’s estimated value of $13.03 billion in 2017, a report released by business insights firm Markets and Markets posits....

  • Atlas Copco Invests $12.2M in India Manufacturing Plant

    Swedish industrial company Atlas Copco invested MSEK $110 million, or about $12.2 million USD, to double capacity at its Hyderabad, India manufacturing plant, the Stockholm-based company announced Wednesday. About 35 jobs will be added to the plant’s current payroll of 200 workers, according...

  • Conveyor Fire Causes Shut Down at Coal Power Plant

    A fire broke out Monday might on a coal conveyor belt in the coal handling unit of the Talwandi Sabo thermal plant in Patiala, India, causing the plant to suspend energy generation operations, several Indian news media organizations. “A fire broke out in the conveyor belt area and nearly a...

  • Cardinal Health to Buy Several Medtronic Units for $6.1B

    Medtronic’s Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency business units are set to be sold to Cardinal Health in a $6.1 billion transaction, Dublin, OH-based Cardinal announced via press release Tuesday. The acquisition of the businesses brings Cardinal some common...

  • Chinese Company to Open Pet Treats Factory in Arkansas

    Pet Won Pet Products is planning to locate a pet treats production facility in Danville, AR, adding about 70 new jobs as the 28,887-sq-ft facility becomes operational, the Arkansas Economic Development Corporation (AEDC) announced via press release Monday. The company, based Taian City in China...

  • Powder Coatings Market to Reach $17B by 2024

    A strong outlook for automotive production in Germany, Thailand, and Mexico is expected to drive the global market for powder coatings through 2024 to a projected value of $17 billion, according to a new Global Market Insights Inc. report. Currently, China and India lead the global market with 45...

  • Agrium Marks First Production Run at $720M Urea Plant

    Canadian firm Agrium Inc. celebrated the first production run of urea at the company’s new Border Nitrogen Operations facility in Texas, the company announced by press release Monday. Production will be accelerated at the facility as Agrium moves the site toward full operational capacity by...

  • Mondelez Int’l President of North America to Step Down

    Roberto Marques will step down as president of Mondelez International’s North America business, sending the company into search mode for a new successor to lead firm’s efforts in the region, Mondelez announced by press release Tuesday. Tim Cofer, Chief Growth Officer, will serve as...

  • Smico Companies Hires Fergus Keane

    Erick Heald, owner of Smico Companies, Smico Screens, Symons Screens, and A & J Mixing Co, one of the largest equipment manufacturers in North America, announces that Fergus Keane has joined the company as vice president of sales and marketing. In this position, Fergus will work with...

  • U.S. Cereal Firm to Acquire U.K.’s Weetabix in $1.76B Deal

    St. Louis, MO-based Post Holdings Inc., the producer of Cocoa Pebbles and other popular American cereal brands, will acquire British breakfast cereal firm Weetabix Ltd in a $1.76 deal, major U.S. and international business news organizations reported Monday. The planned purchase of the British...