Thursday 11 February 2016
 
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Napco to lift capacity with new packing machine

The National Aluminium Products Company (Napco), a leading extruder of aluminium profiles in the GCC, has acquired a new European-made packing machine as part of its efforts to help bolster production capacities. According to the company’s senior executives, Napco’s n

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Archer Daniels Midland to acquire Moroccan corn wet mill

Archer Daniels Midland Company, a leading agricultural processor and food ingredient provider, is set to acquire a Morocco-based corn wet mill that produces glucose and native starch from Tate & Lyle.   Chris Cuddy, president of ADM's Corn Processing bus

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Bombardier to produce 80 high-speed trains for Turkey

Bombardier aims to produce 80 high-speed trains for Turkey's state railway TCDD in a tender together with local partner Bozankaya, an executive for the Canadian transport equipment maker said on Tuesday. Bombardier executive Furio Rossi made the comment at a news conference i

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FLSmidth to build cement plant worth $223m in Algeria

Denmark-based FLSmidth has signed an engineering, procurement and construction (EPC) contract with SARL Amouda Engineering worth €200 million ($223.8 million) for the supply of a greenfield cement plant in Algeria. The plant will be located in El Beida (Laghouat), approximat

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GM suspends Egypt operations due to currency crisis

General Motors has temporarily suspended its operations in Egypt due a currency crisis, a company source told Reuters on Monday. Import-dependent Egypt has been in economic crisis since a 2011 uprising and subsequent political turmoil drove foreign investors and tourists away. Do

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Al Falahi, Chinese Eastern Dragon sign $81m JV

UAE-based Al Falahi Group of Companies has signed an agreement with the Chinese Eastern Dragon Company, a global leader in oil field services, to launch a joint venture worth Dh300 million ($81 million) in the UAE. The joint venture will produce and supply equipment, including hi

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Ambulanz Mobile names Bristol VMD GCC distributor

Germany-based Ambulanz Mobile, a leading ambulance manufacturer, has named Bristol Vehicles Manufacturing Division (VMD), part of the Concorde – Corodex Group, as its sole distributor across the GCC. Bristol VMD, the Abu Dhabi-based rescue and safety vehicles manufacturer,

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E K Kanoo launches Cyclo Max44 campaign

Ebrahim K Kanoo, the sole distributor of Cyclo products in Bahrain, recently announced a special campaign on Cyclo Max44, a total fuel system cleaner which also increases fuel efficiency. US-based Cyclo, makes quality products used in automotive, heavy duty equipment, fleet, indu

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Kiswire to open office in Saif Zone

South Korea-based Kiswire and the UAE-based Amzone International are set to jointly open a 220,000 sq-ft marketing and sales complex in Sharjah Airport International Free Zone (SAIF Zone) by the first quarter of next year.   This $20 million new complex will be

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Move to increase S Korea-UAE trade

A senior official from South Korea recently visited the UAE’s Jebel Ali Free Zone (Jafza), the flagship free zone of Dubai, to develop bilateral relations and contribute towards increasing the volume of trade between the two countries. Ibrahim Mohamed Al Janahi, deputy CEO

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