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Industry News

  • Sun Pharma Divests from US Manufacturing

    Sun Pharmaceutical Industries Ltd., announced Saturday that it entered into an agreement with Frontida BioPharm Inc. to divest from its two US-based oral solid dosage manufacturing plants and 15 related products. The facilities owned by the world’s fifth largest specialty generic...

  • General Mills Releases First New Cereal Brand in 15 Years

    General Mills’ first new brand of cereal in 15 years will appear in grocery aisles this June, the Minneapolis, MN-based company announced Monday. Offered in blueberry and strawberry varieties, the new brand is named Tiny Toast. Shaped like miniature pieces of toast, the new brand’s...

  • New Figures Show 18,000 Manufacturing Jobs Lost in May

    The number of American employed in manufacturing durable goods declined by 18,000 in May 2016, according to a jobs report published by the Bureau of Labor Statistics (BLS) Friday. Of the manufacturing jobs lost last month, 7000 machinery production positions were cut. Overall, the American economy...

  • Dow Corning Ownership Restructuring Reaches Completion

    Dow Chemical Company announced Wednesday that its ownership restructure of Dow Corning is complete, with the Midland, MI-based company now holding 100% ownership of Dow Corning’s silicones business. “Dow Corning’s world-leading silicone position brings a complementary new...

  • Admix Receives Award for Video Promoting Employee Ownership

    The Employee Stock Ownership Plan (ESOP) Association selected Admix Inc. as the winner of its 2016 annual Award for Communication Excellence for a presentation video, Admix announced Thursday. Presented at the association’s annual conference in Washington DC in May, the award honors...

  • K-State Bulk Solids Innovation Center Hosts Wolfson Centre Expert

    Kansas State University’s Bulk Solids Innovation Center hosted a researcher from the UK-based Wolfson Centre for Bulk Solids Handling Technology in May for a presentation and site visit. On May 9, professor and senior researcher Richard Farnish met with employees of the Salina, KS-based...

  • Bayer Obtains $67 Billion Loan for Monsanto Buyout Bid

    As part of pharmaceutical and chemical company Bayer AG’s plans to buy out Monsanto, the German firm obtained €60 billion in loans – about $67.1 billion – to fund its potential purchase of the St. Louis-based agricultural product giant, a German financial news outlet reported...

  • Archer Daniels Midland Opens New Manufacturing Facility

    Archer Daniels Midland (ADM) announced the opening of a pet food and livestock feed production facility in Minnesota and the upcoming development of a new pet food premix plant in Illinois in a statement on Wednesday. The company’s new facility in Glencoe, MN has an annual capacity of about...

  • Proctor & Gamble Names New Chairman, CEO

    Proctor & Gamble appointed a new chairman of the board, president and CEO pending the retirement of chairman, president and CEO A.G. Lafley, the company announced Wednesday. On July 1, David S. Taylor will assume the leadership roles. Lafley held the CEO position from 2000 to 2009, and then...

  • Bayer Partners with Cefetra in Latin America

    Bayer AG announced Tuesday that it formed a three-year partnership with agricultural supply chain management company Cefetra to promote sustainable farming practices and help farmers growing commodity crops obtain sustainable production certifications. The effort, named the Food Chain Partnership...