Amway to invest Rs.550 mn in its Himachal plantSeptember 4th, 2009 SHIMLA - Amway India Enterprises will invest Rs.55 crore (Rs.550 million) to treble capacity at its Himachal Pradesh manufacturing unit by the end of this year, a senior company official said here Friday. "We have plans to treble the capacity of our Baddi manufacturing plant by December-end," Amway India Managing Director and Chief Executive Officer William S.
Appliance maker Whirlpool to cut 1,100 jobs, close refrigerator plant in Evansville, Ind.August 28th, 2009 Whirlpool to cut 1,100 jobs, shut plant in IndianaINDIANAPOLIS — Whirlpool Corp. announced Friday that it will close its refrigerator factory in Evansville, Ind., by next year and cut 1,100 jobs as it continues a push to trim excess capacity.
Coca-Cola to invest $5 bn in MexicoAugust 21st, 2009 TEPOZOTLAN - The Coca-Cola Company plans to invest $5 billion over the next five years in Mexico to boost its presence in the country. Mexico ranks second after US in market share of the company.
Whirlpool rises with market amid signs of economic improvement, forthcoming federal rebatesAugust 20th, 2009 Whirlpool follows broader market higherNEW YORK — Shares of Whirlpool Corp. rose on Thursday amid broader market gains and optimism that upcoming federal rebates will boost sales of home appliances, such as refrigerators and washing machines.
Plant in Toluca, Mexico, likely to get Fiat minicar, not Michigan plantAugust 17th, 2009 Toluca, Mexico plant likely to get Fiat minicarChrysler Group LLC is planning to built the Fiat 500 minicar at a factory in Toluca, Mexico instead of a soon-to-be shuttered plant in the U.S. A comparison of the Toluca plant and the Sterling Heights, Mich., assembly plant, where workers had hoped to get the 500:
TOLUCA
Year built: 1968
Number of workers: 2,179
Square Footage: 1.57 million
Vehicles made: Chrysler PT Cruiser sedan, Dodge Journey crossover
STERLING HEIGHTS
Year built: 1953 as jet engine plant.
Chrysler Group to build Fiat 500 small car at plant in Mexico, according to reportAugust 17th, 2009 Report: Chrysler to build Fiat 500 in MexicoNEW YORK — Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report published Monday. The automaker could also build an engine for the 500 at a plant in Trenton, Mich., and is weighing building another compact car similar to the 500 in the U.S., according to The Wall Street Journal, which cited anonymous sources familiar with the matter.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Second-quarter profit fell 33 percent for Whirlpool Corp., the world's largest maker of major home appliances, as consumer demand for its products significantly weakened.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Whirlpool, the world's largest maker of major home appliances, says its second-quarter profit fell 33 percent as consumer demand for its products significantly weakened.
Whirlpool North America president Mike Todman sees small pent-up consumer demandJuly 22nd, 2009 On the Call: Whirlpool NA President Mike TodmanDuring the recession, amid job uncertainty and falling home prices, concerned consumers have put off buying many big-ticket items. Whirlpool Corp., the world's largest manufacturer and marketer of major home appliances, reported Wednesday that its second-quarter revenue dropped 18 percent from the same period last year, including a 17 percent dip in North America.
BHEL to invest Rs.5,803 crore on expansionJuly 16th, 2009 NEW DELHI - The state-owned Bharat Heavy Electricals Ltd (BHEL) will invest Rs.5,803 crore to double its power plant equipment manufacturing capacity by the end of 2011, the government said Thursday. "BHEL had augmented its manufacturing capacity for power plant equipment from 6,000 MW to 10,000 MW annually by December 2007," said Arun Yadav, Minister of State for Heavy Industries and Public Enterprises, in the Lok Sabha.
New Mexico company plans to build utility-scale, zero-emissions hydrogen plantJuly 15th, 2009 New Mexico company to develop hydrogen power plantALBUQUERQUE, N.M. — A New Mexico-based energy technology company says it plans to develop what it calls the world's first utility-scale, zero-emissions hydrogen power plant.
PepsiCo and Pepsi Bottling to invest $1 billion in Russia over several yearsJuly 6th, 2009 PepsiCo, Pepsi Bottling to invest $1B in RussiaNEW YORK — Soft drink and snack maker PepsiCo Inc. said Monday it will team up with its largest bottler, Pepsi Bottling Group, to invest $1 billion in Russia over three years.
Sterlite to invest Rs.250 crore for expansionJune 26th, 2009 MUMBAI - Sterlite Technologies, a global provider of transmission solutions for telecom and power companies, Friday said it will invest Rs.250 crore for capacity enhancement in the next two years. The company in a statement said it would double its optical fibre capacity to 12 million-km this fiscal and would take it to 20 million-km in 2011.
GM, Whirlpool, Beazer Homes, Qualcomm, Us Airways are big market movers MondayApril 27th, 2009 GM, Whirlpool, Beazer Homes, Qualcomm big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
General Motors Corp., up 35 cents at $2.04
The automaker laid out a massive restructuring plan that includes an offer to swap roughly $27 billion in bond debt for GM stock. Whirlpool Inc., up $2.96 at $43.69
The appliance maker said its first-quarter profit dropped on slumping sales, softening consumer demand and the stronger dollar.
Chinese firm to build cars in MexicoFebruary 25th, 2009 SHANGHAI - China's Changan Auto will set up a factory in Mexico to produce 50,000 vehicles annually in partnership with Mexican firm Autopark, EFE reported. A framework agreement has been signed in this regard and both firms are negotiating the details of the creation of a joint company, Zhong Ling, head of the Chinese firm's public relations department, said.
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