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MWV Completes Sale of European Tobacco Folding Carton Business to AR Packaging Group

2015-05-01 16:21:06| Paper - Topix.net

April 30, 2015 - MeadWestvaco today announced the completion of the previously announced sale of its European-based tobacco folding carton business to AR Packaging Group AB. Included in the sale were operations at three facilities in Graz, Austria; Krakow, Poland; and Moscow, Russia, which manufacture and print hinge-lid boxes, display cartons, and high-impact cigarette packaging, as well as folding carton packaging for some chocolate confectionery and consumer apparel segments in western and eastern Europe.

Tags: business group sale european

 

Garment group reiterates labour rights commitment

2015-05-01 14:57:00| Daily apparel & textile news and comment - from just-style.com

A group representing Cambodian garment makers has reaffirmed its commitment to maintaining a high level of labour and social compliance within the industry.

Tags: rights group commitment labour

 
 

Another Major Investment at Season Group

2015-05-01 12:31:07| Industrial Newsroom - All News for Today

EMS-provider Season Group is implementing Aegis FactoryLogix as its key MES tool across all its manufacturing sites, worldwide. Having made significant investments in hardware improvements in 2014 (including the adoption of i-Pulse M20 as the standard SMT platform across its North American, European and Asian...

Tags: group major investment season

 

Chinese group agrees to acquire OmniVision for USD 1.9 bln

2015-05-01 11:20:00| Telecompaper Headlines

(Telecompaper) Advanced digital imaging services developer OmniVision Technologies has agreed to an increased USD 1.9 billion bid for its business from a consortium of Chinese investors. Beijing private-equity firm Hua Capital Management joined forces with other Chinese investors to offer USD 29.75 a share in cash for the company, around 12 percent more than the stock's current value. The deal is expected to close in 2016, leading to OmniVision. However, reports have suggested it may be blocked by US regulators concerned about Chinese investors acquiring Silicon Valley tech companies. OmniVision makes sensors, chips and other components for cameras used in smartphones and reported sales of USD 1.42 billion in 2014. Breakdowns of Apple products have revealed that OmniVision's components have been used in iPhones in the past.

Tags: group chinese usd acquire

 

Gravanis to head Avery Dennison\'s Materials Group

2015-05-01 07:00:00| Label and Narrow Web Breaking News

Mitch Butier, president and chief operating officer, previously handled the duties on an interim basis.

Tags: group head materials avery

 

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