LONDON: Mondi plc has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition will expand Mondi’s corrugated footprint in Western Europe and add complementary fibre-based products, focused on eCommerce and FMCG, to enhance its existing customer offering. Today’s announcement is in line…
Tag: operations
Operations
Operations are the business activities that a firm engages in to convert materials into finished products or services, sell them to customers, and earn a profit. Operations are the foundation of how a business works (in terms of supply chain and logistics) and profits rely on lean, efficient operations. Operations management is the administration of business practices to create the…
Hitachi ABB Power Grids Ltd commences operations
TOKYO: In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD)…
Grand Banks Yachts announces resumption of operations at Pasir Gudang yard in Malaysia
SINGAPORE: Grand Banks Yachts Limited announced that the Group’s manufacturing yard in Pasir Gudang, Malaysia, has received approval from the Government of Malaysia to resume operations with immediate effect. As announced on 19 March 2020 and 28 April 2020, the temporary closure of the Pasir Gudang yard was in compliance with the Movement Control Order…