Maker

Battery maker LG Energy’s profit sinks on global EV slowdown
Battery maker LG Energy’s profit sinks on global EV slowdown
July 8, 2024
BATTERY maker LG Energy Solution’s second-quarter profit missed analyst estimates, as sales of electric vehicles (EVs) continued to slow. Operating profit for three months ended Jun 30 dropped 58...
Chinese EV maker BYD to acquire 20% stake in Thai distributor
Chinese EV maker BYD to acquire 20% stake in Thai distributor
July 7, 2024
Chinese electric vehicle maker BYD will acquire a 20 per cent stake in its Thai official distributor Rever Automotive after opening its first manufacturing plant in the South-east Asian...
Blackstone to sell Japan supplement maker Alinamin to MBK for 350 billion yen: source
Blackstone to sell Japan supplement maker Alinamin to MBK for 350 billion yen: source
July 2, 2024
PRIVATE equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen (S$2.9 billion), a...
Wilmar raises its stake in Pakistan edible oils maker to 42.17%
Wilmar raises its stake in Pakistan edible oils maker to 42.17%
June 28, 2024
The group’s subsidiary and a related company buy around US$15.4 million worth of shares in Unity FoodsWILMAR International has upped its effective stake in Unity Foods, a Pakistan-listed edible...
LVMH snaps up luxury Swiss clock maker L’Epee 1839
LVMH snaps up luxury Swiss clock maker L’Epee 1839
June 25, 2024
LVMH, the world’s largest luxury group, has acquired Switzerland-based speciality clock maker L’Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday (Jun 25). The acquisition...
Ozempic maker Novo plans another US.1 billion US factory
Ozempic maker Novo plans another US$4.1 billion US factory
June 25, 2024
Novo Nordisk plans to invest US$4.1 billion in another US factory, ploughing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes...
Drinks maker Britvic rejects £3.11 billion takeover proposal from Carlsberg
Drinks maker Britvic rejects £3.11 billion takeover proposal from Carlsberg
June 21, 2024
BRITISH soft drinks maker Britvic has rejected a £3.11 billion (S$5.3 billion) takeover proposal from Carlsberg Group, the companies said on Friday (Jun 21), the second approach from the...
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
KitKat maker sees chocolate demand ebbing as cocoa costs creep in
June 19, 2024
CONSUMERS will probably cut back on chocolate as this year’s historic cocoa rally gradually trickles down to manufacturers and forces them to raise prices, a Nestle executive warned. Cocoa futures...
Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
Top Glove shares climb as glove maker swings back into the black with RM50.7 million profit
June 19, 2024
SHARES of Top Glove Corporation soared after the Malaysian glove maker on Wednesday (Jun 19) reported a net profit of RM50.7 million (S$14.5 million) for the third quarter ended...
Luxury sneaker maker Golden Goose postpones planned IPO
Luxury sneaker maker Golden Goose postpones planned IPO
June 18, 2024
PERMIRA-BACKED luxury sneaker maker Golden Goose Group has decided to postpone its planned initial public offering (IPO).Golden Goose and its owners have taken the decision to shelve the listing...