Supplier
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Massive fires to hurt sugar output in top supplier Brazil
An unprecedented outbreak of fires that hit sugar cane fields in the world’s top exporter Brazil over the weekend is set to impact global supply of sweetener and elevate prices. …
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Electric Car Woes Force German Supplier ZF To Axe Jobs
German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign…
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CATL supplier Lopal said to seek US$200 million for Indonesia unit
JIANGSU Lopal Tech is considering raising about US$200 million for its Indonesian unit as it ramps up local production of materials used in electric-vehicle batteries, according to people familiar with…
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Nvidia supplier SK Hynix posts highest profit in six years on AI boom
SOUTH Korea’s SK Hynix posted its highest quarterly profit since 2018 on Thursday (Jul 25) as the Nvidia supplier said second-half artificial intelligence (AI) chip demand will rise further, such…
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DBS partners Future Supplier Initiative to decarbonise fashion sector
DBS partnered the Future Supplier Initiative to offer a collective financing model to support apparel suppliers’ decarbonisation, the bank announced on Thursday (Jun 13). The initiative aims to reduce financial…
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Apple supplier Foxconn among firms asked to cut power use in Vietnam: sources
VIETNAMESE officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30 per cent at its assembly plants in the north of the country where there were…
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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier
German automaker BMW imported at least 8,000 Mini Cooper vehicles into the United States with electronic components from a banned Chinese supplier, a US Senate report released on Monday (May…
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UK’s Biggest Water Supplier Plunges Into Deeper Financial Crisis
Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan “uninvestable”. Britain’s biggest water supplier said…
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Ferrari to expand cooperation with battery supplier SK On
LUXURY sports car manufacturer Ferrari has entered a preliminary agreement with its electric-vehicle (EV) battery supplier SK On on further expansion of their cooperation. South Korea’s SK On has been…
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Nvidia supplier SK Hynix begins mass production of next generation memory chip
SK HYNIX said on Tuesday (Mar 19) that it has begun mass production of next-generation high-bandwidth memory (HBM) chips used in artificial intelligence (AI) chipsets, with sources saying initial shipments…
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Boeing supplier Senior posts profit jump, boosts dividend
BRITISH aerospace engineer Senior raised its dividend on Monday (Mar 4) after 2023 profits nearly doubled, buoyed by an increase in civil aircraft production rates and robust demand in the…
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Boeing in talks to buy supplier Spirit Aero as it delays production hikes
BOEING is in talks to buy its former subsidiary Spirit AeroSystems and the planemaker is also delaying plans to ramp up 737 jetliner production as it tries to get control…
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German auto supplier Continental says to cut 7,150 jobs
GERMAN auto supplier Continental said on Wednesday (Feb 14) it would cut some 7,150 posts worldwide by 2025 as the difficult switch to electric vehicles forces companies in the sector…
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NEC spurned private equity offers before selling discounted stake in iPhone supplier: sources
JAPAN’S NEC received multiple buyout offers from global private equity funds for iPhone supplier Japan Aviation Electronics Industry (JAE) before agreeing to sell back much of its 51 per cent…
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Apple Supplier Foxconn Says Profits Fuelled By Holiday Season Demand
Key iPhone supplier Foxconn posted “better-than-expected” profits in its third quarter, with leadership on Tuesday attributing the surprise jump to demand ahead of the holiday season. The firm — also…
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