Facebook has announced plans to invest $300 million in local news organizations worldwide over the coming three years. The social media giant often a recipient of egregious accusations of being the doom of local news business worldwide seems to address these by its investment plans. The plan includes investment of both money and time by …
Category Archives: Business
Ford Motor Company to Lay off Thousands of Workers as Part of Major Restructuring and Shift to Electric Vehicles
Ford is reportedly laying of thousands of workers from its payroll in Europe as it kick starts a major restructuring in the company to evolve better and profitable model in an industry increasingly leaning towards e-mobility. The company in the recent statement said that surplus labor will be reduced to undertake structural cost adjustments. It …
Pfizer Plans to Shut down Two Manufacturing Plants in India
American drugmaker Pfizer announced on Wednesday it will soon be shutting down two of its manufacturing plants in India that make generic injectable drugs, in response to falling demand. As reported in Reuters, the two sites in the states of Maharashtra and Tamil Nadu employ nearly 1,700 workers, contributing around 6 percent to Pfizer’s global …
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ARLP Completes Acquisition of AllDale, Targets the Oil & Gas Mineral Interests
Alliance Resource Partners (ARLP) made an official announcement, which conveyed completion of the acquisition of AllDale with a purchase amount of nearly $175 million, as per the previous announcement. This, in turn, enabled a control of nearly 42,000 net acres of royalty vis-à-vis areas with large-scale oil & gas accumulation. ARLP is one of the …
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Restrictions on Manufacturing and Usage of Methyl Tertiary-Butyl Ether Impede the Growth of the U.S. Methyl Tertiary-Butyl Ether (MTBE) Market
While methyl tertiary-butyl ether is commonly used in a variety of industrial applications, the growth of the U.S. methyl tertiary-butyl ether market might be hindered due to the imposition of stringent rules and regulations on the manufacturing and usage of methyl tertiary-butyl ether. As any kind of exposure to methyl tertiary-butyl ether can pose serious …
Europe Methyl Tertiary-Butyl Ether (MTBE) Market: Proposed Ban on Petrol and Diesel Cars in European Countries can Impact the Market Growth
The Europe methyl tertiary-butyl ether market is witnessing healthy growth with its applications in the oil & gas industry as a fuel additive. However, leading European countries such as the United Kingdom, France, and Norway are proposing to ban conventional fuel-based vehicles in the coming years. The Europe methyl tertiary-butyl ether market may witness a …
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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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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Commercial Applications Creating Substantial Industrial Solar Water Heater Demand
Industrial sectors across the globe has been illustrating water heating needs for its use in various manufacturing applications. Industrial solar water heater is an equipment used for heating water, preheating of steam, and space heating. The equipment works on the energy provided by solar cells. With major commercial application sectors such as laundries, breweries, and …
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Need of the Hour: Sustainable Construction Materials
Extensive R&D activities, wide-ranging acceptance of the products along with initiating building codes is expected to stimulate the demand supply of cross laminated timber in the non-residential applications. A notable factor here is that since the recent past, adhesive bonded cross laminated timber has been witnessing significant demand in the cross laminated timber market on …
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