In August 2019, Kohlberg concluded the acquisition of Bemis Healthcare Packaging - Europe, which is a manufacturer of medical packaging.
On 29th August 2019, DIC Corporation signed an agreement for the acquisition of BASF’s pigments business for around USD 1.3 Billion. With this acquisition, DIC Corporation is aiming at expanding its fine chemicals business and fortifying its position among the world’s largest pigments suppliers.
On 27th August 2019, Harley Davidson made a buzz in the Indian electric two-wheeler market by unveiling “LiveWire”, the company’s first electric motorcycle. The leading American motorcycle manufacturer recently celebrated a decade of operations in the Indian market. The company also launched the limited edition 2020 Street 750 with production restricted to 300 units only.
Toyota has revealed that it plans to deploy a fleet of electric and self-driving vehicles at next year's Tokyo Summer Olympics. This fleet of 3,700 vehicles is expected to feature some degree of electrification and will also include Concept-i-a self-driving pod car that will serve as the operating vehicle for the Olympic torch relay and the lead vehicle for the marathon events.
Topics: Automotive and Transportation, electric vehicles, Semi-Autonomous and Autonomous Vehicles, Toyota, Volkswagen and Ford, Waymo and Renault-Nissan, Volvo and Uber, Toyota and BYD, Fiat-Chrysler and Hyundai, Honda and General Motors, Apple and Drive.ai
In August 2019, SpaceX announced a new, low-cost program, targeted at the launch of small satellites into sun-synchronous orbits. The program will adopt a rideshare approach, creating the opportunity for satellite manufacturers/owners to launch payloads weighing up to 150 kg at USD 2.25 million, and USD 4.5 million for payloads of up to 300 kg. The rocket to be used for these missions will be the Falcon 9. SpaceX plans to undertake these launches at regularly scheduled intervals.
Mitsubishi Electric Corporation, a Japanese multinational electronics and electrical equipment manufacturing company, developed new gas-insulated GIS technologies for electric power applications.
Recently, at its 42nd Annual General Meeting (AGM), Reliance Jio, announced the launch of HoloBoard, a mixed reality headset blended with augmented reality. The company also released a 4K-supported Jio set-top box that will offer an immersive experience in education, shopping, entertainment, and gaming.
Elmhurst 1925 is a US-based company that produces plant-based beverages. It manufactures and retails non-dairy plant-based milk made from nuts, and grains and seeds such as soy, oats, pea, rice, coconut, almond, cashew, hazelnut, walnut, peanut, and hemp. The company also offers plant-based milk products under unsweetened Barista and Hemp Creamers series. Although the company was established in 1925, it launched its plant-based milk products in 2017; it evolved from offering milk-based products to plant-based milk after a meeting with plant nutrition pioneer, Dr. Cheryl Mitchell. On August 14th, 2019, it announced the expansion of its Barista Editions line with a new hemp-based variant for a variety of coffee applications. The vegan product is made without artificial flavors, carrageenan, gums, oils, or other emulsifiers. In February 2019, Elmhurst 1925 launched a new unsweetened hemp creamer and an unsweetened milk oats beverage. With the rising trend of healthy lifestyles, beverage producers are shifting their offerings to products that have improved nutritional profiles. Furthermore, legalizing hemp for recreational purpose has opened opportunities for manufacturers to innovate and expand their product portfolio. The fast-growing hemp industry is facing major hindrances of stringent and complex regulatory structures. Despite these challenges, Elmhurst 1925 has harnessed the power of superfood hemp seeds, which are rich in omega-3s, protein, fiber, and other nutrients.
On August 6, Weatherford International plc, one of the biggest multinational oilfield service companies, announced the complete integration of Power BI, Microsoft’s business analytics service, into ForeSite, its production optimization platform, adding a powerful product in its digital oilfield offerings.
The Federal Aviation Authority (FAA) has published a petition that Amazon Prime Air, a drone operating subsidiary of Amazon has requested an exemption to operate its customized MK27 drone for deliveries under the Part 35 air carrier certificate. The petition, if passed, will allow the company to operate a delivery system that will enable reaching packages to customers in 30 minutes or less, using unmanned aerial systems.