Don Lee Farms, a US organic and conventional food products manufacturer, has introduced the new Better Than Beef Burger, filling the vacuum for a nutritious beef alternative in the plant-based burger market. The Better Than Beef Burger, which comes close on the heels of the company’s Organic Plant-Based Burger, is a source of protein made […]
Waldorf Astoria Hotels & Resorts, a hotel brand of Hilton, has opened its first resort Waldorf Astoria Los Cabos Pedregal in Mexico, expanding the brand’s portfolio in the Caribbean and Latin America. The property formerly known as The Resort at Pedregal was acquired by affiliates of Walton Street Capital Mexico and rebranded as Waldorf Astoria […]
University Hospitals Health System, Cleveland, US, has chosen NextGen Population Health to improve patient care. Data-driven solution offers patient analytics, identifies gaps in care or practice pattern variations, and improves proactive patient health management. Peter Pronovost – chief clinical transformation officer, University Hospitals said: “One of the ways we can provide the best health outcome and […]
Cabot, a US chemicals and performance materials company, has opened its new fumed silica manufacturing facility in Wuhai, Inner Mongolia to meet the growing demand for fumed silica in China. The Wuhai fumed silica production facility is a joint venture between Cabot with an 80% equity interest and Inner Mongolia Hengyecheng Silicone (HYC) with 20% stake. […]
Hyundai Motors, a South Korean automotive manufacturer, and Aptiv, an Ireland-headquartered auto parts company, will establish a joint venture (JV) with an enterprise value of US$ 4 billion. The 50-50 partnership will make a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive producers by 2022. The JV will advance the design, […]
Abu Dhabi-based investment firm Mubadala Investment in collaboration with Stonepeak Infrastructure Partners has agreed to invest approximately $500 million in Cologix, a US network-neutral interconnection and data center firm. The proceeds from the deal will enable Cologix to focus on infrastructure expansion to meet the increasing requirements of data center customers especially in both the […]
Petronet LNG Limited India and its affiliates will negotiate the purchase of up to five million tons per annum (5 mtpa) of liquefied natural gas (LNG) from Driftwood LNG export terminal following a memorandum of understanding (MOU) with Tellurian. For the supply of 5 mtpa of LNG a year for more than 40 years, Petronet […]
McDermott International, a US-based provider of technology, engineering and construction solutions to the energy industry, will explore all possible options to assess the strategic and financial value of its technology business Lummus Technology. The move follows unsolicited approaches received by the company to acquire all or part of Lummus Technology for an enterprise value of […]
The Louis Group, a Mediterranean hotel group, has agreed to divest its five hotel assets located in the Greek Islands to Blackstone Real Estate Partners Europe for a total enterprise value of €178.6 million. The five assets with a total of 1,464 hotel rooms include Corcyra Beach and Grand Hotel in Corfu; Zante Beach and […]
The Original Cakerie, a division of US-based Dessert Holdings, will expand its London, Ontario plant to meet the increasing demand for its frozen desserts in Canada. The project will increase the capacity of The Original Cakerie for making all of its existing products. Slated to begin construction later this fall, the project will add a […]