Volvo to ramp up electric car manufacturing in Belgium
Swedish carmaker Volvo bas unveiled plans to triple electric car manufacturing capacity at its plant in Ghent, Belgium, in response to the fast growing...
Magna building new Michigan plant to manufacture battery enclosures for GM’s new GMC Hummer...
Automotive contract manufacturer Magna has commenced construction on a new manufacturing facility in the US that will build complex battery enclosures for GM’s all-new...
Denmark to build world’s first wind energy island in the North Se
The world's first artificial island and wind energy hub will soon rise in the North Sea thanks to efforts by the Danish Government.
Denmark's Ministry...
Small business optimism declines as expectations for better business conditions worsens in December
The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12th consecutive month below the 49-year average of 98.
Lumentum set to acquire laser maker Coherent for $5.7bn
Optics and photonics components maker Lumentum has reached a definitive agreement to acquire fellow laser manufacturer Coherent in a cash and stock transaction valued...
Canadian manufacturing industry slips by 0.9% in July
Canada’s manufacturing sector saw its third consecutive monthly sales decline in July 2022, according to the country’s national statistical office.
Statistics Canada reported a slip...
AstraZeneca enlists Germany’s IDT to meet COVID-19 jab demand in the EU
AstraZeneca and IDT Biologika's joint investment will boost vaccine manufacturing capability and address jab shortages in Europe.
Leading coronavirus vaccine maker AstraZeneca announced yesterday that...
Germany’s private sector activity sees downturn in August
Market activity in Germany’s private sector slipped for the second consecutive month and at a faster rate, according to the S&P Global’s Flash purchasing...
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Driving the future of smart energy: GridBeyond and ABB unveil new white paper on battery storage innovation
As industries adopt cleaner, more intelligent energy solutions, the ability to manage, store, and trade energy efficiently is increasingly vital to sustaining a competitive edge.
