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Industries: Page 243

Hyundai Raises 2030 Electric-Vehicle Sales Goal to 2M

Hyundai also plans to spend about $85 billion to boost production and make progress in areas such as hydrogen cars, EV batteries and software for future mobility.

Photo: Bloomberg

World’s Top Dairy Maker Plans Chicago Expansion After $3.2bn Kraft Deal

The family-owned company plans to hire almost 100 people at its Chicago offices over the next 12 months, according to Peter Cotter, CEO of Lactalis Heritage Dairy.

Brooklyn, New York. July 2022.Photo: Gabby Jones/Bloomberg

Italy Blocks Sinochem from Extending Its Control of Tire Maker Pirelli

Sinochem is Pirelli's biggest shareholder with a 37% stake in the company and control of 60% of the seats on the organization's board.

Moscow, Russia. February 2022. Photo: iStock.com/Roman Vyshnikov

Saudi Arabia’s PIF Leads Bidding for $2.5bn Vale Base Metals Stake

Saudi Arabia's Public Investment Fund is reportedly in advanced discussions over a deal for a roughly 10% holding in Vale SA's base metals unit.

South Sulawesi, Indonesia. June 2022. Photo: Bloomberg

China to Sign New 27-Year LNG Deal with Qatar to Secure Fuel

China National Petroleum will seal a 27-year liquified natural gas purchase agreement of 4 million tons annually with QatarEnergy, according to a person with knowledge of the matter.

Photo: Bloomberg

Amazon, Hilton and Pepsi to Hire Thousands of Refugees in Europe

The firm said most of the new roles for refugees would be in areas such as fulfilment and distribution.

Photo: iStock.com/Sviatlana Lazarenka

Boeing Sees $8 Trillion Jet Market as Climate Reshapes Travel

The U.S. plane maker’s latest tally of industry-wide deliveries over the next 20 years takes into account growing activism over jet emissions.

Photo: Bloomberg

Rethinking the Biotech Manufacturing Supply Chain

The pharmaceutical industry has an opportunity to move production onshore. It should take it.

Image: iStock.com/jittawit.21

France Grants Aid for €1bn Green Jet-Fuel Plant

The government will provide €200 million to help develop renewable jet-fuel projects, including one developed in southern France by startup Elyse Energy, French President Emmanuel Macron said.

Berlin, Germany. March 2019. Photo: Krisztian Bocsi/Getty Images/Bloomberg

Walmart Opening High-Tech Fulfillment Center in Indiana

The McCordsville, Indiana location is the second of four next-generation facilities that Walmart is building in order to boost the company's fulfillment capacity.

East San Francisco Bay Area. November 2020. Photo: iStock.com/Sundry Photography

Billionaire Reuben Brothers Sue Trafigura Over Nickel Fraud

Trafigura said it expected to lose nearly $600 million due to “systematic fraud” perpetrated by businessman Prateek Gupta, according to legal filings seen by Bloomberg.

Photo: Cole Burston/Bloomberg

Micron Nears $1bn Investment in India Chip Packaging Plant

An announcement could be made as soon as when Prime Minister Narendra Modi visits the U.S. during the week of June 19, according to people close to the matter.

Photo: Tomohiro Ohsumi/Bloomberg

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Photo: iStock/Anastasiia Yanishevska

How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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