manufacturing
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Featured
ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East
Leshines is the supply chain solution provider of Lenovo Group, which ranks among the top ten on Gartner’s prestigious Top 25 supply chain list. The move reinforces ewpartners’ and Leshine’s commitment to fostering local industrial growth and empowering enterprises in Saudi Arabia. ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has…
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economy
BOI restates commitment to local manufacturing, job creation
The Managing Director of the Bank of Industry (BOI), Mr Olasupo Olusi, has reaffirmed the bank’s commitment to supporting local manufacturing in Nigeria. Olusi said this when he visited the G U Ebeco facility and inspected ongoing projects at the Nisa Medical and Zeberced Group at the Idu Indstrial Layout, Abuja on Thursday. He expressed delight at the progress made…
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Featured
LASG to establish drug manufacturing agency—Commissioner
The Lagos State Commissioner for Health, Prof. Akin Abayomi, says the state has initiated process to establish a drug manufacturing agency to promote access to quality drugs and consumables. Abayomi disclosed this at the opening of the 7th Nigeria Pharma Manufacturers’ Expo (NPME) in Lagos on Wednesday. The News Agency of Nigeria (NAN) reports that the biennial programme, jointly organised…
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United States
US manufacturing output hits high in June
U.S. factory output increased for a second straight month in June as motor vehicle production accelerated amid the reopening of businesses, but the nascent improvement in manufacturing activity was overshadowed by surging new COVID-19 infections. The Federal Reserve said on Wednesday manufacturing production increased 7.2 per cent last month after climbing 3.8 per cent in May. Still, factory output was…
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Africa
Nigeria spends $4 billion annually on vehicles importation
President Goodluck Jonathan on Friday reassured Nigerians that the implementation of National Automotive Policy approved last year by the Federal Executive Council (FEC) is not to inflict pains on them. He said the new policy will save the nation an average of over $4 billion spent in importing vehicles, adding that the money when invested here will create jobs. Jonathan…
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NEWS
22nd Century Group Purchases Manufacturing Facility Out of Bankruptcy
22nd Century Group, Inc. (OTCBB:XXII) today announced that it has purchased all of the equipment at a cigarette manufacturing facility in Mocksville, North Carolina. Until now, 22nd Century Group’s subsidiary, Goodrich Tobacco Company, had produced all of its products through contract manufacturers. 22nd Century Group and NASCO Products, LLC entered into a lease agreement for the 61,500 square foot manufacturing…
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