Global snacks business, Mondelez International, is to step up its investments over the next few years, as the company seeks to win what chief executive Irene Rosenfeld calls "the race" for expansion in fast-growing emerging markets.
US-based Portola Packaging has announced a $12 million investment in its Kingsport, Tennessee, and Tolleson, Arizona facilities, to accommodate growing demand for its hot-fill and aseptic beverage closures and increased dairy business market share.
Abudant shale energy resources have sparked a massive u-turn in the chemical industry in North America, which is now registering a significant upturn in capacity additions. Until recently, ethylene producers in the region had been facing the prospect of production shutdowns.
Borealis has announced major investment projects worth a combined €45 million (US$61m) at two European manufacturing plants, which will strengthen the company's regional supply and support capabilities.
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