Ball Corporation, a Colorado-based packaging firm, announced that it has entered an agreement with ORG Technology Co. Ltd., a Chinese metal can manufacturing company, to sell metal beverage packaging facilities in China for approximately US$ 225 million. The total transaction of US$ 225 million includes cash payments and potential additional payments, ranging between $50 million …
Monthly Archives: December 2018
Australia-Based Company Gets Recognized for Path Breaking Cancer Treatment Technology
OncoRes Medical a technology start-up based in Perth, Australia has been given global recognition for its attempts to improve the results of breast cancer surgery. Digital Imagery to Play Major Role OncoRes Medical created an imaging tool for surgeries that generates digital images of cancerous tissue. Currently, the primary method for tumor identification is through …
Diary Giant Kerry Group acquiring Ariake USA, Southeastern Mills for €325m
Kerry Group, a diary giant announced on Friday about its plan to acquire two businesses for roughly €325 million. In a note, the foods group said that it is going to take over Ariake USA, the North American business of Ariake Japan. The discussions are going on around regulatory approval and customary closing conditions. The …
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BASF Produces Products Based on Chemically Recycled Plastic Waste
In a novel move, BASF has manufactured products composed of chemically reused plastic waste, and has become a worldwide pioneer across the industry. Dr. Martin Brudermüller, CTO and Chairman of the Board of Executive Directors of BASF SE, said that companies, consumers and institutions must use plastics responsibly, if the world wants to set itself …
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Nissan Inaugurates First of its Kind Global Digital Hub in Kerala
Nissan has opened its first Global Digital Hub to boost the development of software and information technology. The Japanese multinational automobile manufacturer has inaugurated its first Global Digital Hub in Kerala’s IT hub, Technopark in Thiruvananthapuram, India. It will be the first of its kind facility, along with many other upcoming technology development centers coming …
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Kenya Medical Supplies Authority to Dispatch Medical Supplies
With the University Health Coverage Launch, Kenya Medical Supplies Authority dispatched a medical supplies consignment to four pilot countries. University Health Coverage is expected to be launched in Kisumu and rolled out in the other three countries including Isiolo, Nyeri and Machakos. The CEO of Kenya Medical Supplies Authority, Jonah Mwangi told the press that …
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FDA Approves New Orphan Drug for Frontotemporal Dementia
Orphan Drug Designation to Foster Rising Consumption of Drug Orphan drugs are developed specifically for the treatment of rare medical conditions that are known as orphan diseases. Approvals of the US Food and Drug Administration (FDA) play a crucial role in the implementation of drugs for treatment. The new and first-of-its-kind protein aggregation inhibitor LMTX …
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Automotive Shock Absorbers: A Key Component in Next-generation Automobiles
Car Makers to Compete at Dakar with New Versions Automotive shock absorbers are amongst the key components of any automotive vehicle. Major automotive companies are continually developing automobiles that are designed for next-generation requirements. Nissan has developed the new version of their Navara for competing in the Dakar 2019. The purpose built pickup truck is …
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Medical Technology Company – HeartFlow Starts the PRECISE Clinical Randomized Trial
HeartFlow, Inc. announced its initiation of the Prospective Randomized Trial of the Optimal Evaluation of Cardiac Symptoms and Revascularization (PRECISE) clinical trial. The enrollment of the first patient of the trial was implemented by the cardio vascular specialists at the Imperial Health based in Lake Charles, Los Angeles. This particular clinical trial has been designed …
Walmart to Acquire Art.com for Expanding Its Home Décor Business
Retail giant Walmart has plans to buy Art.com for expanding its home décor business. The deal is expected to reach closure by 2019. The main agenda behind this acquisition is to cater to the growing demands of millennials, especially those inclined towards online shopping. With the availability of over 2 Million designs in Art.com, Walmart …
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