Industry News

YC Rubber Co. (North America) LLC to Expand Duraturn Tire Line

YC Rubber Co. (North America) LLC is going to add two new tires to Duraturn product line

Fitbit to Acquire Smartwatch Maker Pebble for around $40 million

Fitbit set to acquire smartwatch maker and multi-million-dollar Kickstarter-darling Pebble

Centrica to Sell its Entire Portfolio of Gas Assets in Trinidad and Tobago to Shell

Growing exploration and production activities by Shell, is expected to drive the LNG market globally

Shandong Yinbao Tyre Group Enters Thailand via Joint Venture

Local Thailand tire manufacturers, P. Siam Tyre Ltd. and N.D. Rubber Public Co. Ltd. enters in a joint venture with Shandong Yinbao Tyre Group Co. Ltd.

Heritage Bank Plc Introduced Biometric ID for Musicians

Heritage Bank collaborated with Performing Musicians Employers’ Association of Nigeria(PMAN) to provide biometric identity card for members

Global Electric Vehicle Infrastructure Market is set to Expand by the end of 2021

Increasing focus on development of charging stations by automotive companies will lead to surge in the market of electric vehicle infrastructure

Symrise to Sell its Pinova Inc. Division to DRT (DRT Holdings Inc) for USD150 million

Symrise AG and DRT sign a deal regarding the acquisition of Pinova Inc.

Inauguration of Sadara and SATORP Projects in Jubail

Inauguration of Sadara Chemical Company (Sadara) and the Saudi Aramco Total Refining and Petrochemical Co. (SATORP) by King Salman bin Abdulaziz Al Saud

Continental Launched Four New Motorcycle Tires

The Renowned tire manufacturing multinational introduced four brand new tires for motorcycles at EICMA event in Italy

UAE Oil Giant ADNOC says it Will almost Triple Petrochemical Output by 2025

State-owned Abu Dhabi National Oil Co (ADNOC) plans to almost triple its petrochemical production to an annual 11.4 MMT by 2025 from 4.5 MMT at current production.

Dean Foods and CROPP to Set up a Joint Venture for Organic Milk

Dean Foods Company plans to collaborate CROPP@Organic Valley to bring organic milk in the market through a strategic Joint Venture

Saudi Arabia Cement Industry Witnesses 10% Drop in Sales

Overall Cement sales in Saudi Arabia fell to 10.3% y-o-y in August,2016.

Yeehaw Introduced 3D Printer for Kids on Indiegogo

Yeehaw 3D printer aimed for young geeks market and would be launched under Indiegogo Campaign

Volkswagen Group Accommodates Design Center for Autonomous Car

German Automaker restructures domestic Autonomous Car Design Center

Seoul to Introduce New Systematic Traffic Management for Air Traffic

New Traffic management system in Seoul to improve airport safety and airline services

Organization of Petroleum Exporting Countries (OPEC) aims to Cut Crude Oil Output

The decision would boost the demand for drilling fluids

Xiaomi launched New Air Purifier Model in China.

The consumer electronics manufacturer has launched a new air purifier Xiaomi Mi Air Purifier Pro, Mi PM2.5 Detector in China.

Saudi Aramco Plans to Invest USD334 billion Over Next 10 years

Saudi Aramco plans to invest USD334 billion over the next 10 years for infrastructure development and capacity expansion

AimBrain Partnered with NOW Money Smartphone App to Provide Biometric Authentication Solution

NOW Money Smartphone App to use facial and behavioural authentication to improvise mobile wallet services

Sumitomo Chemical Opened its R&D Center in Brazil

The company announced the inauguration of LARC, its first R&D base in South America for AgroSolution Products