20 - 25 August 2018
US$ 170 mn in U.S. assembly plants
PepsiCo to acquire SodaStream International for US$ 3.2 bn
Seven Stars Cloud signs US$ 24 bn deal with China's NTS
Dusit International expands in Middle East with first hotel in Qatar
it & BPM i FOOD I HEALTHCARE i TEXTILES i INFRASTRUCTURE i ENGINEERING i tourism
THE DEFINITIVE SOURCE FOR INVESTMENT PROMOTION EXECUTIVES
Walmart completes deal to acquire 77% stake in Flipkart
Prologis completes US$ 8.5 bn acquisition of DCT Industrial
Nissan invests $170 million in U.S. assembly plants
Huntsman opens formulations manufacturing facility in Vietnam
Prologis completes $8.5 billion acquisition of DCT Industrial Trust
Hyundai Motor expands mobility service in India through partnership with Revv
NetObjex Acquires Servntire Global
Infosys opens North Carolina Technology and Innovation Hub
KT Corp. joins Philippines's $1.8 bn broadband project
Watlow Acquires Yarbrough Solutions Worldwide
Wärtsilä is building the Smart Technology Hub in Vaasa, Finland
Singapore Airlines and Alibaba Group announced a strategic Collaboration
DENSO invests $270 million in OLED Display Developer JOLED
Seven Stars Cloud signs a three year $24 billion deal with China's NTS
PepsiCo to acquire SodaStream International $3.2 billion
Tyson Foods to acquire Keystone Foods
for $2.1 billion
Electrolux invests in and partners with food waste startup Karma
Hyatt Regency Shanghai Jiading opens in Northwest Shanghai
Dusit International set to unveil latest dusitD2 in Ao Nang
ViroMed Secures DNA Production Facility in the US
Swedish Government and GE Healthcare Open an Innovation Center for Life Sciences
Hyatt Regency Seragaki Island marks debut of first beach Resort in Japan
KT Corp., South Korea's largest telecommunications company, will participate in a nationwide project to drastically improve Internet connectivity in the Philippines, gaining a major foothold in the Southeast Asian country and neighboring region.
KT signed a US$ 47 million contract last week with the Philippines's Converge ICT Solutions Inc. to build an optical fiber network along some 1,570 kilometers (975 miles) of main roads in the northern region of Luzon. The company hopes the contract will lead to more business partnerships with the top Philippines Internet provider in the future.
The latest deal is part of Converge's $1.8 billion endeavor to expand its broadband coverage throughout the Philippinesover the next five years. KT is increasing efforts to expand its business presence and partnerships overseas, notably in Asia, Europe and Africa, with the company's latest Internet solutions, including GiGA Wire, GiGA WiFi and GiGA LTE.
"The partnership with Converge ICT Solutions is a great opportunity to introduce our technological expertise in telecommunications network planning, construction and operation not only in the Philippines but also in neighboring countries," said Yun Kyoung-Lim, head of KT's future convergence and global businesses. "KT will continue its efforts in representing the Republic of Korea to the world as the global ICT leader."
Read article on globalfdi.net
Singapore Airlines (SIA) and Alibaba Group announced a comprehensive strategic collaboration aimed at enhancing the customer experience for travelers through the transformative potential of technology, as well as joining forces in other areas. The collaboration encompasses several players in Alibaba Group’s ecosystem including Fliggy, Alibaba Cloud, Alipay and Cainiao Network.
The partnership extends across areas such as flight ticket sales, loyalty programs, marketing initiatives, cloud services, payments and logistics. The capabilities of both groups, combined with access to the more than 600 million monthly active mobile users on Alibaba’s China retail marketplaces alone, will unlock new benefits for customers across the retail and travel value chains. SIA and Alibaba Group will gain actionable customer insights for the benefit of travelers in one of the world’s fastest growing travel markets.
Hyundai Motor Company, South Korea’s largest automaker, announced a partnership with Revv, India's fastest growing self-drive car sharing company to develop an innovative car sharing service and conduct creative marketing activities in India. The strategic partnership including Hyundai Motor’s investment to Revv sees innovative future mobility services gain the company’s first foothold in the Indian mobility market.
The strategic investment and partnership will enable both Hyundai Motor and Revv to build competency and the technology necessary for leading the future mobility market in India; an evolving market showing exponential growth, expanding from USD 900 million in 2016 to USD 1.5 billion in 2018, and projected to expand to USD 2 billion by 2020. India’s 15,000 car sharing vehicles are expected to grow to 50,000 by 2020, and 150,000 by 2022.
$8.5 billion acquisition of DCT Industrial Trust
Prologis, Inc., the global leader in logistics real estate, announced it has completed its all-stock acquisition of DCT Industrial Trust Inc. for $8.5 billion, including the assumption of debt.
In connection with the transaction, each share of DCT common stock was converted into 1.02 shares of Prologis common stock.
The DCT portfolio is highly complementary to Prologis' existing portfolio in terms of product quality, location and growth potential. The DCT portfolio includes the following:
71 million square foot owned and managed operating portfolio
7.5 million square feet of development, redevelopment and value-added projects
305 acres of land in pre-development with an estimated build-out potential of over 4.5 million square feet and 131 acres of land under contract, or option, with a build-out potential of over 1.6 million square feet
The acquisition expands Prologis' presence in the high-growth U.S. markets of Southern California, the San Francisco Bay Area, Seattle and South Florida. As a result of the closely aligned portfolios and business strategies, the combined company expects immediate corporate G&A savings and significant scale economies within its operating portfolio. The company also expects to extract additional value from the platform initiatives currently underway at Prologis.
Irving Oil to acquire Irish company Top Oil
Canadian-owned Irving Oil announced it has signed agreements to acquire the Tedcastle group of companies, an Irish-based energy marketing and distribution organization, which operates under the brand name Top Oil.
Headquartered in Dublin, Top Oil is a leading supplier of home heating oil, including kerosene, as well as petrol and diesel fuel in Ireland. It recently expanded operations into company-owned retail forecourts and aviation fuel. Top Oil sells more than one billion litres of fuel every year to commercial and residential consumers in Ireland.
The acquisition will ultimately enable Irving Oil to further expand its business across the Atlantic basin, having previously purchased Ireland’s sole refinery in the village of Whitegate in 2016.
“This is a great day for our company,” says Arthur Irving, Chairman of Irving Oil. “We are proud to be doing business in Ireland and are looking forward to working with everyone at Top Oil. We’re excited about the future.”
Huntsman Corporation announced that it has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam. The site is a greenfield investment, will house Huntsman’s Polyurethanes and Advanced Materials businesses, and comprises manufacturing; R&D capabilities; a technical service center; warehouse and distribution space and a commercial office.
Commenting on the new facility, Huntsman’s CEO Asia Pacific and President of the Polyurethanes business, Tony Hankins, said:
“Vietnam is one of the largest and fastest growing countries in Asia Pacific. For Polyurethanes, we’ve seen double digit growth rates for a sustained period and fully expect this to continue. At the new site, we’ll manufacture formulated systems for the footwear and automotive markets; rigid insulation foam used in construction and cold chain applications; and simulated wood for the furniture market. These products will be consumed primarily in Vietnam, with the balance being exported to Cambodia. The facility will enable Huntsman to collaborate more effectively with Vietnamese customers and will also strengthen our strategy of globalizing downstream bolt-on acquisitions.”
Nissan has invested $170 million to upgrade its U.S. assembly plants with the latest in manufacturing technology to produce the 2019 Nissan Altima; Nissan has now invested nearly $12 billion across its U.S. manufacturing footprint.
Production of all-new Altima kicks off on Aug. 23 in Smyrna, Tennessee; the Nissan plant has produced nearly 4.6 million Altima vehicles since "Job 1" rolled off the line in June 1992.
All-new Altima, available this fall, offers ProPILOT Assist technology, two new engines and first available Intelligent All-Wheel Drive in a Nissan sedan in the U.S.
DENSO invests $270 million
in OLED display developer JOLED
DENSO Corporation announced it has invested 30 billion yen ($270 million) in JOLED Inc., a developer of printed organic light-emitting diode (OLED) displays. The investment accelerates JOLED’s development and mass production of in-vehicle OLED displays, which are used for human-machine interfaces (HMIs) in car cockpits to deliver key driving information to the driver quickly and accurately. Compared to conventional HMIs, which use thin-film transistor liquid crystal displays (TFT-LCDs), JOLED’s OLED displays offer higher-definition images, more vivid colors, and are designed to be thinner, lighter, and bendable– making them easier to install and produce more optimized light output for improved HMI functionality.
“DENSO’s investment in JOLED directly enhances the advancement of human-machine interfaces – technologies which are critical to keeping drivers informed behind the wheel safely,” said Hirotsugu Takeuchi, executive director of DENSO. “Working with JOLED will help us create a new mobility future that’s safer for all, emphasizes efficiency and smartly applies problem-solving innovations to the real world.”
As cars become more connected, more information can be provided to drivers to help them ensure effective road safety. Because of this, there is a growing demand for HMIs that can display information in a more visually appealing, larger, and easier-to-understand format – all while encouraging drivers to stay focused on the road. OLED displays enable these characteristics and will continue to gain prominence as HMIs are called upon to deliver improved visibility, more dynamic design and increased operational efficiencies.
Walmart Inc. and Flipkart Group announced the closing of the agreements for Walmart to become the largest shareholder in the Flipkart Group.
"Walmart and Flipkart will achieve more together than each of us could accomplish separately to contribute to the economic growth of India, creating a strong local business powered by Walmart," said Judith McKenna, president and CEO of Walmart International. "Our investment will benefit India by providing quality, affordable goods for customers, while creating new skilled jobs and opportunities for suppliers. As a company, we are transforming globally to make life even easier for customers, and we are delighted to learn from, contribute to and work with Flipkart to grow in India, one of the fastest-growing and most attractive retail markets in world."
The Flipkart investment transforms Walmart’s position in a country with more than 1.3 billion people, strong GDP growth, a growing middle class and significant runway for smartphone, internet and eCommerce penetration. As Walmart scales in India, the company will continue to partner to create sustained economic growth across agriculture, food and retail. Future investments by Walmart will support national initiatives and will bring sustainable benefits in jobs creation, supporting small businesses, supporting farmers and supply chain development and reducing food waste.
Wärtsilä is building the Smart Technology Hub, a new centre of research, product development and production, in Vaskiluoto, Vaasa. As of 2020, all of Wärtsilä's functions and personnel in central Vaasa will transfer to the new hub, along with the logistics and maintenance workshop operations from Runsor.
As a part of the project, Wärtsilä will invest EUR 83 million in modern testing and production technology for the hub. The total investment in the Smart Technology Hub will be in the region of EUR 200 million, consisting of office and factory buildings, logistics and infrastructure.
The Smart Technology Hub is the latest tangible step in Wärtsilä's Smart Marine and Smart Energy visions. The hub will be unique in its field, enabling more agile, more efficient testing and product development of solutions for the maritime, oil and gas industries, as well as new energy systems.
"The Smart Technology Hub will become an important part of Wärtsilä's worldwide network of centres of expertise," says Hannu Mäntymaa, Director, R&D and Engineering at Wärtsilä. "By sharing what we have learned in our various units, we will be able to provide our customers with even better products and services. We will develop processes at the Vaasa Smart Technology Hub, which we will be able to deploy in other locations."
Seven Stars Cloud signs a three year US$ 24 billion deal with China's NTS
Seven Stars Cloud Group, Inc., a leading global technology firm focusing on digital asset production and distribution, has announced a ground-breaking, three-year, exclusive $24B deal with National Transportation Capacity Co Ltd (NTS) to issue fixed income lease financing-based products, through a global strategic alliance network which operates in a regulatory compliant manner, for large-scale electric bus upgrades, as part of the Chinese government's regulations for all buses to be replaced with electric buses by 2021 (within the next three years). The market size for the mandatory replacements and upgrades to achieve fully-electric bus operations in China is estimated at 1 trillion RMB (approx. $145B).
NTS is the largest full-service operator for electric buses, with sales, lease financing, a charging station network, and real-time data services including media, payments, maps, and facial recognition.
Under the terms of the deal, SSC, through its global strategic alliance network, will provide two distinct financing campaigns, one in China and the second across global markets. For the China-based financing, SSC will conduct financing activities through the sale of fixed income products to raise 60 Billion RMB(approx. $8.75B) over three years (an average of 20B RMB / $2.9B per year). For the global markets financing activities, SSC will exclusively provide both fixed income and asset digitization products to raise $15B over three years (an average of $5B per year).
Infosys, a global leader in consulting, technology and next-generation services, inaugurated its Technology and Innovation Hub in Raleigh. In addition, Infosys announced that it has hired more than 4,700 Americans since Spring 2017, including nearly 500 in North Carolina, as part of the company's campaign to hire 10,000 American and accelerate the pace of innovation for American industry.
The North Carolina Hub, located at 7751 Brier Creek Parkway in Raleigh, will help Infosys work more closely with clients in the region to develop cross-functional solutions to pressing business challenges in such areas as machine learning, artificial intelligence, user experience and advanced digital technologies, including big data and cloud. The Hub will also train, upskill and reskill Infosys and client employees in the technologies required to help American businesses accelerate their digital transformations.
NetObjex announced its acquisition of Servntire Global of Kerala, India, to expand its product and customer base in the blockchain arena. Terms of the deal were undisclosed.
Servntire Global is a Blockchain solutions company with a Trade Finance product and Real Time Payment Solution offerings in the Fintech space along with a vast array of expertise in Blockchain solution development. In addition, the company boasts of a customer base that spans four continents. NetObjex, based in Irvine, California, is a Digital Twin Platform company with technology that leverages AI, Blockchain and IOT technologies. NetObjex has operations in North America as well as offices in India, South East Asia and representatives and partners in Latin America and the Middle East.
"We are very proud to announce our acquisition of Servntire Global. This is a coming together of two companies with complementary skills, technologies and culture. We believe together we not only broaden our product offerings, but also now possess the depth and breadth of skills and personnel to engage and assist clients globally," stated Raghu Bala, CEO of NetObjex.
NetObjex acquires Servntire Global
Tyson Foods to acquire Keystone Foods
for US$ 2.1 billion
Tyson Foods, Inc. announced it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash. The acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods’ latest investment in furtherance of its growth strategy and expansion of its value-added protein capabilities.
Headquartered in West Chester, Pennsylvania, Keystone supplies chicken, beef, fish and pork to some of the world’s leading quick-service restaurant chains, as well as retail and convenience store channels. Its value-added product portfolio includes chicken nuggets, wings and tenders; beef patties; and breaded fish fillets.
The acquisition includes six processing plants and an innovation center in the U.S. with locations in Alabama, Georgia, Kentucky, North Carolina, Pennsylvania and Wisconsin. (It does not include the beef patty processing plant in Ohio.) It also includes eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia.
A court in France has ruled that a reorganization procedure of a former subsidiary has been extended to Electrolux Home Products France SAS (“EHP France”), Electrolux sales company for major appliances in France. The decision relates to a dispute over the 2014 divestment of the subsidiary, which has subsequently failed to develop a viable business. As a consequence of the court ruling, Electrolux will set a provision of MEUR 25 (MSEK 254) to cover potential costs. The provision will affect the Group’s operating profit in the second quarter of 2018.
In 2014, EHP France decided to cease its manufacturing operations in Revin, France. To preserve as many employment opportunities as possible, EHP France set up a new company, Société Ardennaise Industrielle (“SAI”). The purpose was to facilitate a transfer of employees and operations to Selni Group, a French motor manufacturer, whose plan was to convert the operations into motor production.
Electrolux will work to secure that its major appliances business in France can continue without interruption. Electrolux will analyze the ruling and evaluate its options, including the possibility to appeal.
PepsiCo, Inc. and SodaStream International Ltd. announced that they have entered into an agreement under which PepsiCo has agreed to acquire all outstanding shares of SodaStream for $144.00 per share in cash, which represents a 32% premium to the 30-day volume weighted average price.
"PepsiCo and SodaStream are an inspired match," said PepsiCo Chairman and CEO Indra Nooyi. "Daniel and his leadership team have built an extraordinary company that is offering consumers the ability to make great-tasting beverages while reducing the amount of waste generated. That focus is well-aligned with Performance with Purpose, our philosophy of making more nutritious products while limiting our environmental footprint. Together, we can advance our shared vision of a healthier, more-sustainable planet."
PepsiCo's strong distribution capabilities, global reach, R&D, design and marketing expertise, combined with SodaStream's differentiated and unique product range will position SodaStream for further expansion and breakthrough innovation.
The transaction is another step in PepsiCo's Performance with Purpose journey, promoting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions.
PepsiCo to acquire SodaStream International for US$ 3.2 billion
The Swedish government and GE Healthcare are opening Testa Center - an innovation center in Uppsala, Sweden, to boost the commercialization of new technologies and support manufacturing capabilities in the life sciences sector. The 2500 m2 (27,000 sq. ft.) Testa Center houses four bioprocessing laboratories with GE Healthcare technologies for testing new discoveries for the production of biopharmaceuticals, the world’s fastest-growing class of medicines .
The Swedish government, which has invested around EUR 10 million (SEK 100 million) in Testa Center and has identified life sciences as one of its top five partnership programs , is striving to increase collaboration between the public sector, business and academia to strengthen the country’s competitiveness and innovation capability. Earlier this year, the government opened an office that is fully dedicated to life sciences.
Swedish biotechnology company BioLamina is the first company to run a project at Testa Center. Biolamina develops and manufactures protein-based reagents, Biolaminins used to create reliable and robust processes to develop therapeutic cells from stem cells. The company recently entered into a collaboration with the pharmaceutical company Novo Nordisk to support the development of new cell therapies targeting Parkinson’s disease, heart failure and loss of vision. BioLamina will use Testa Center to scale-up its production capacity, helping it deliver more reagents to its global customer base.
Swedish Government and GE Healthcare open an innovation center for Life Sciences
ViroMed (084990:KS) announced its acquisition of a plasmid DNA production facility in San Diego, California from Vical Incorporated. With ViroMed's first Phase III clinical trial of its lead product VM202 for painful diabetic peripheral neuropathy (PDPN) nearing its completion, ViroMed, in joint venture partnership with a private equity investment firm, acquired the GMP ready facility that has been until recently a production site for clinical studies including phase IIIs in the US of DNA-based investigational new drugs.
With CMC (Chemistry, Manufacturing, and Controls) being an important part of the Biologics License Application process, and often the reason for delay in market approval for a new drug in the US, the acquisition comes as a significant milestone for a company conducting late-stage development. Production is considered particularly an important issue in the case of plasmid DNA-based gene medicines as they have never been approved and commercialized as a drug for humans. Securing a manufacturing site is also expected to be a boost in the company's bargaining power for potential out-licensing and marketing partnership deals.
The facility in San Diego is equipped with a 500 L fermenter, cell culture lab and QC test lab, and has extra space for future expansion, making it an ideal site for both biopharmaceutical R&D and commercial-scale plasmid DNA production. With the aim to initiate first test runs within this year and GMP production in the first half of 2019, the company is securing key personnel necessary for the facility operation.
Hyatt Hotels Corporation announced the official opening of Hyatt Regency Shanghai Jiading in Shanghai’s Jiading District. Hyatt Regency Shanghai Jiading is the first Hyatt-branded hotel in northwest Shanghai, providing a one-stop, energizing hotel experience for travelers and local guests to connect with who and what matters to them most.
Hyatt Regency Shanghai Jiading, designed by world-renowned architect Tadao Ando, is a landmark of contemporary culture sitting above Jiading New City, a suburban district of Shanghai. A stunning centerpiece within Jiading’s Central Business District, the hotel stands adjacent to Shanghai Poly Grand Theater, Yuanxiang Lake and Jiading Library, forming a vibrant cultural nexus in northwest Shanghai. The location offers convenient access to the F1 Shanghai International Circuit, Anting International Automobile City and Jiading Industry Zone. Guests can also explore 800 years of local culture at nearby Nanxiang Old Town and Anting Old Street. Meanwhile, the National Exhibition and Convention Center, Hongqiao International Airport and Hongqiao Railway Station are only a short drive away.
Hyatt Regency Shanghai Jiading opens in northwest Shanghai
Hyatt Hotels Corporation announced the opening of Hyatt Regency Seragaki Island Okinawa in the southernmost region of Japan. Located on the private Seragaki Island and linked by a bridge to the main island of Okinawa, the hotel offers a stunning view of the East China Sea from all 344 guest rooms. An immersive destination hotel, Hyatt Regency Seragaki Island Okinawa blends local culture, warm hospitality and thoughtful service, enabling guests to feel refreshed and reconnected to who and what matters to them most.
Hyatt Regency Seragaki Island Okinawa is on the west coast of Okinawa, approximately one hour by car from Naha Airport. Located in Onna, Okinawa’s most sought after beach destination, the hotel is an ideal spot for exploring the rugged scenery of the Yanbaru area to the north and the UNESCO World Heritage sites in the central and southern areas. Nearby attractions include the Bios no Oka subtropical forest, the Okashi Goten sweets factory, the Ryukyu Mura theme park, and the scenic Cape Manzamo, a dramatic coral cliff and ideal spot for sunset-viewing.
“The hotel welcomes domestic and international visitors alike to enjoy Okinawa’s vibrant beach scene, breathtaking nature and colourful culture,” said Hiroko Noguchi, general manager of Hyatt Regency Seragaki Island Okinawa. “Here guests will find a revitalizing, seamless retreat for couples, families and friends and an upscale locale for special occasions and destination weddings.”
Dusit International, Thailand’s global hospitality company, has signed a management agreement with Vogue Pranang Bay Resort Co., Ltd. to operate dusitD2 Ao Nang, slated to open at the end of this year. The hotel will be the second Dusit property in the popular resort area of Krabi.
Located 25 kilometres from Krabi International Airport, the new dusitD2 Ao Nang is tucked away amidst lush jungle greenery on a hillside in downtown Ao Nang, yet within walking distance to the beach, providing convenient access to all of Krabi’s main attractions.
The downtown location of dusitD2 Ao Nang will also enable guests to be within walking distance to nearby facilities such as supermarkets and convenience stores as well as cafés and fast-food outlets.
dusitD2 Ao Nang comprises 173 modern guest rooms and suites with a choice of sea, mountain or pool views. The hotel offers all amenities for a fun and comfortable getaway, including an indoor and outdoor all-day-dining restaurant, a lobby bar, an outdoor swimming pool with a separate kids’ pool, a fitness centre, a spa, and a 200-square-metre ballroom. For families travelling with children, dusitD2 Ao Nang also features an extensive kids’ playground that will keep the hotel’s youngest guests entertained throughout their stay.
Popular activities in Krabi around dusitD2 Ao Nang include jungle trekking, sightseeing excursions and boat trips to some of Thailand’s most stunning beaches and islands, located within protected national marine parks, for snorkelling, scuba diving, kayaking and bird-watching.
Dusit International set to unveil latest dusitD2 in
Thailand-based global hospitality company Dusit International has signed a management agreement with the Al Majed Group to operate Dusit Doha Hotel. Set to open in Q4 2018 this will be the group’s first Dusit-branded property in Qatar.
Situated in the West Bay area of the capital city, the five-star property is within walking distance to the Doha City Centre, Gate Mall and the Doha Exhibition and Convention Centre. The hotel is located in close proximity to popular tourist spots such as the Souq Waqif, Katara Cultural Village and The Pearl, and only a 25-minute drive from the Hamad International Airport.
Ideal for both extended and transient stays, the 357-key hotel, will comprise 261 guest rooms and suites, along with 96 hotel apartments. Each guest room will be minimum 41 sqm, one of the largest of its kind in the West Bay area.
With a choice of Club, Suites, Deluxe and Premium Deluxe, the rooms come with modern amenities and comfortable furnishings. While the hotel apartments, provide a range of one, two and three-bedroom configurations, complemented by the hotel facilities, offering complete service for longer-stay guests. Its situation in West Bay, means it sits in Doha’s most prestigious neighbourhood, and presents amazing views across the bay, and out in to the Arabian Gulf.
13 F, Gopala Towers, 25 Rajendra Place
New Delhi - 110008, India,
GlobalFDI.net portal is designed to aid professionals from the Infrastructure, Healthcare, IT & BPM, Food, Textiles, Engineering, Tourism, and construction industry in their investment process (cross border investment, mergers & acquisitions, greenfield and brownfield expansion projects).