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Industry News

  • Nestlé CEO Says Collective Action Needed to Fight Food Waste

    Food waste and loss costs the global economy $940 billion per year and generates around 8% of the world’s greenhouse gas emissions. It consumes around a quarter of the water used in agriculture each year. United Nations Sustainable Development Goal Target 12.3 aims to tackle the problem...

  • Nestlé Named World’s Most Diverse Food Company

    Nestlé has been recognized as the leading food and beverage company in the Thomson Reuters Diversity and Inclusion Index (D&I), for its efforts in creating a diverse and inclusive workplace. The index ranked Nestlé 15th overall out of more than 4000 publically traded...

  • Lanxess to Acquire Chemtura for $2 Billion

    Specialty chemicals company Lanxess announced plans to acquire U.S.-based Chemtura Corp., one of the major global providers of high-quality flame retardant and lubricant additives. With the largest acquisition in its history, Lanxess is building on its own additives portfolio and will become one of...

  • Manufacturers Face $80B in Compliance Costs Over Next Decade

    A new study by the National Association of Manufacturers (NAM) released Thursday estimates that American manufacturers will face $80 billion in regulatory compliance costs over the next decade. The organization places blame for the costs on President Barack Obama’s “destructive legacy...

  • PPG Divesting from PFG Fiber Glass Joint Ventures

    PPG Industries is turning over its ownership interests in two PFG Fiber Glass joint ventures to Nan Ya Plastics Corp., the Pittsburgh, PA-based company announced Thursday. Previously, PPG owned 50% of PFG, while Nan Ya held the remaining half. Financial terms of the transaction were not revealed....

  • Man’s Leg Removed after Auger Accident at Co-Op in Kansas

    A 28-year-old worker lost a leg after stepping into a moving auger in a grain bin at Ellsworth Co-op in Ellsworth, KS on Sept. 19, multiple news organizations reported. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is opening an investigation into the...

  • Blue Buffalo Breaks Ground on $150M Pet Food Plant

    America’s largest natural pet food company, Blue Buffalo, broke ground Friday on a $150 million pet food manufacturing and R&D facility in Richmond, IN. The Indiana plant is expected to open in 2017, employing about 165 local workers, producing BLUE brand natural pet food. “We are...

  • Monsanto Enters Genome Editing Tech Licensing Agreement

    Monsanto, the world’s largest provider of seeds, announced Thursday that it has signed an agreement with the Massachusetts Institute of Technology (MIT) and Harvard University's Broad Institute to license the use of CRISPR-Cas genome editing technology for agricultural uses. The...

  • Conveyor Equipment Executives Concerned about 2016

    The Conveyor Equipment Manufacturers Association (CEMA) reports that overall industry orders (bookings) for the first six months of 2016 decreased 0.93% compared to the same period in 2015, with total orders of $5.67 billion. CEMA estimates industry billed sales (shipments) for the first six months...

  • Procter & Gamble’s Manufacturing Footprint to Shrink

    The global manufacturing capacity of Cincinnati, OH-based Procter & Gamble (P&G) is “set to shrink to the smallest it has been in more than 20 years,” USA Today reported Wednesday. 17 of the companies factories have been shuttered or sold over the past half-decade. Coty, maker...