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Business Strategy Joint Ventures

  • *270 mln euros to be invested. PARIS, Feb 27- French drugmaker Sanofi and Swiss manufacturer Lonza will invest 270 million euros in a new large-scale biologics facility that will produce monoclonal antibodies by 2020, the two companies said on Monday. Pending regulatory approvals, the facility- which will be established through a 50-50 joint venture- will be...

  • SAO PAULO, Feb 24- Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday. The venture would be the first major step in OAS's efforts to rebuild itself almost three...

  • EXCLUSIVE-CHINA'S XCMG, BRAZIL'S OAS IN JOINT VENTURE TALKS -SOURCE.

  • TOKYO/ TAIPEI, Feb 24- Japan's Softbank Group and Taiwan's Foxconn will soon begin operating a joint venture that deepens ties between two of Asia's biggest technology companies, they said on Friday. The move will give Foxconn, formally known as Hon Hai Precision Industry Co, a 54.5 percent stake in one of Softbank's existing subsidiaries for $600 million and...

  • TOKYO, Feb 24- Japan's Softbank Group and Taiwan's Foxconn, formally known as Hon Hai Precision Industry Co, on Friday said they would start operating a joint venture together, deepening ties between two of Asia's biggest technology firms. The move will give Foxconn 54.5 percent of one of Softbank's existing subsidiaries for $600 million and comes as both...

  • This biometric start-up is headed for Indonesia

    Yasuhiro Kuda, CEO of Liquid Inc, talks about why the company decided to launch a joint venture with the Salim Group to enter the Indonesian market.

  • NEW DELHI, Feb 17- A proposed joint venture between state-owned Steel Authority of India Ltd and ArcelorMittal SA to build an $897 million automotive steel plant in India has hit an impasse, with the two disagreeing on key terms, officials said. India's biggest state-owned steel company and the world's No. 1 producer of the metal signed a deal in May 2015 to set up a...

  • Feb 15- Kraft Heinz Co, the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported a higher-than-expected adjusted profit, helped by lower costs. Last month, the company said it would form a joint venture with media mogul Oprah Winfrey to develop a new line of food products in the United States. Sales fell 3.8 percent to $6.86 billion, hit by a stronger...

  • TOKYO, Feb 7- Honda Motor Co Ltd and Hitachi Ltd's auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles, joining forces to better compete in the highly specialized "green" car segment. The venture will be established in July with an investment of 5 billion yen, and will be 51 percent owned by Hitachi Automotive...

  • PARIS, Jan 31- French private bank Oddo& Cie and mergers and acquisitions boutique Messier, Maris et Associes announced a joint venture on Tuesday, aimed at taking advantage of an anticipated pick-up in activity on equity capital markets. The joint venture would target France's biggest companies, such as members of SBF-120 equity index and initial public...

  • BEIJING/ SYDNEY, Jan 27- American Airlines Group Inc and Australia's Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight schedules now the Trump administration is in charge, Qantas Chief Executive Alan Joyce said. The pair's application for a joint venture covering the United States, Australia...

  • Jan 27- Restaurant Brands International Inc said it would launch its coffee and doughnut chain, Tim Hortons, in Mexico as a part of its expansion plans. The joint venture company will be the master franchisee of Tim Hortons in Mexico, the company said. The move into Latin America comes after Tim Hortons, which has outlets in Canada, the United States and the Middle...

  • BEIJING/ SYDNEY, Jan 27- American Airlines Group Inc and Australia's Qantas Airways Ltd may reapply to the U.S. Transportation Department for permission to coordinate prices and flight schedules now the Trump administration is in charge, Qantas Chief Executive Alan Joyce said. The pair's application for a joint venture covering the United States, Australia...

  • MOSCOW, Jan 26- A joint venture between Russia's top gold producer Polyus and state conglomerate Rostec has bought the rights to develop Sukhoi Log, one of the world's largest untapped gold deposits, for 9.4 billion roubles. Russia competes with Australia for second place among the world's largest gold producers and has one of the world's largest gold reserves.

  • Oprah Winfrey

    Kraft Heinz and Oprah Winfrey said they would form a joint venture to develop a new line of food products in the United States.

  • Jan 25- Heinz ketchup maker Kraft Heinz Co and media mogul Oprah Winfrey said on Wednesday they would form a joint venture to develop a new line of food products in the United States. The joint venture, Mealtime Stories LLC, will initially make ready-to-eat refrigerated products across multiple categories and 10 percent of its profits will be donated to...

  • KUWAIT, Jan 25- Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry sources familiar with the matter told Reuters on Wednesday. Aramco had been in talks with Petronas about a joint venture in the Refinery and...

  • *China regulator approves changes in JV's articles of assn. HONG KONG, Jan 16- Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod. The confirmation came after the Shanghai office of...

  • YANGON, Jan 12- Myanmar on Thursday awarded its fourth- and final- telecoms license to a joint venture between Vietnam's telecom company Viettel and two local firms, heating up competition in a rapidly growing market by adding a second majority- Myanmar operator. The venture is an unusual case of cooperation between businesses controlled by Myanmar and Vietnam...

  • *Philip Morris, BAT also have agreements in China. The joint venture, Global Horizon Ventures Limited, will be based in Hong Kong and link Imperial with CNTC subsidiary Yunnan Tobacco, which controls over one-fifth of the Chinese market. Imperial said the joint venture will expand Imperial's West and Davidoff brands in China, and Yunnan's Jade and Horizon brands...