Maker
Nippon Paint to buy coatings, resins maker AOC for US$2.3 billion
Japan’s Nippon Paint has been expanding via several acquisitions in recent yearsNippon Paint Holdings announced plans to purchase global chemicals formulator AOC for US$2.3 billion. The Japanese firm will acquire...
Major Indian solar panel maker dazzles in market debut
India’s top solar module producer, Waaree Energies shone on its market debut on Monday (Oct 28) after raising US$514 million, as traders bet on increased global demand for clean...
Mike Ashley’s Frasers pulls bid for handbag maker Mulberry
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat at the British handbag maker.
Frasers said...
Ray-Ban maker tops 100 billion euros value to hit founder’s last goal
ESSILORLUXOTTICA, the French-Italian group that dominates the global eyewear market, reached the final target its founder Leonardo Del Vecchio set before he passed away in 2022: a market value...
Chinese drone maker DJI sues Pentagon for military designation
SZ DJI Technology said it has sued the US Department of Defense for adding the Shenzhen-based drone maker to a list that designates it as a Chinese military company.
DJI...
Ray-Ban maker EssilorLuxottica misses sales expectations as China slows
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a slowdown in consumer spending in China.Group revenue for the three months...
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent.Operating profit for three months...
China’s stimulus has EV maker talking best Golden Week in years
CHINA’S multi-pronged stimulus package helped supercharge electric vehicles (EVs) sales during the week-long National Day holiday, with one manufacturer describing it as the “best Golden Week in many years”.Zhou...
