Linden Capital Partners a Chicago-based healthcare private equity firm, announced on Feb 5 that it has completed an investment in The Flexan Corporation a leading global manufacturer of high-precision silicone and rubber parts predominately serving the medical device industry. The…
Category: Investments
ContiTech optimises production of cooling water hoses
ContiTech, one of the leading manufacturers in the area of cooling water hoses for industrial use, has optimized the production of its tried and tested cooling water hose. These are now manufactured in accordance with DBL 6254.12, DBL 6254.16, and DIN…
Group says smuggling discourages foreign investment
Senior executive of the General Tyre and Rubber Company (GTR) said that the smuggling of tyres has discouraged foreign investment He said India was taking advantage of this situation by offering incentives to attract more investment from global tyre makers.…
Penske Automotive acquires Freightliner truck dealerships in Tennessee
Penske Automotive Group, Inc, an international transportation services company, has completed the acquisition of Freightliner medium and heavy-duty commercial truck dealerships operating in the Chattanooga and Knoxville, Tennessee markets. These dealerships represent the full line of Freightliner commercial truck products…
Batu Kawan Bhd profit slumps by 25.5%
Batu Kawan Bhd recorded a 25.5% slump in earnings to RM116.95 million for the first quarter ending Dec 31, 2014 (1QFY15) compared to RM156.97 million in the previous corresponding quarter due to lower crude palm oil (CPO) and rubber prices.…
23% gain for Penske Automotive
Strong year-end vehicle sales, gains in service and parts gross margins and investments in commercial vehicle businesses pushed Penske Automotive Group Inc. to a 23 % gain in net income during the fourth quarter. The nation’s second-largest dealership group said today it…
South Korea to invest US$17 bn in Indonesia
As many as 16 South Korean companies have expressed a serious commitment to spend up to US$17.1 billion in a wide array of sectors from power generation to minerals processing in Indonesia, the Investment Coordinating Board (BKPM) said. About US$8.5…
Data Bus Market to Worth US$8.55 Billion by 2020
According to the new market research report “Data Bus Market by Protocol (MIL-STD, AFDX, ARINC 429/629, CAN, TTP), by Application (Military, Commercial Aviation, Automotive), by Component (Micro couplers, Cables, Connectors, Accessories), by Geography – Global Forecasts & Analysis to 2020”,…
Transaction complete for the steelcord business of Pirelli in Turkey
Pirelli & C. S.p.A. has concluded the sale of its steelcord business in Izmit, Turkey, to steel wire producer N.V. Bekaert S.A., as part of a deal to divest its steelcord business. Completion of the sale in Turkey follows by…
Continental Tyre replacement business now in Dubai
To drive forward the expansion of its Passenger and Light Truck Tire (PLT) as well as Commercial Vehicle Tire (CVT) replacement business in the Middle East and North Africa (MENA), Continental has relocated the relevant business units from Hanover in…