Alex Wong/Getty Images News Vietnam-based electric vehicle maker VinFast Auto (NASDAQ:VFS) has slashed its full-year outlook for EV deliveries and delayed its North Carolina production facility, citing macro headwinds and uncertain market conditions. Detailing its Q2 output, Hai Phong City-based VinFast (VFS) said it delivered 12,058 vehicles for the quarterContinue Reading
brunocoelhopt/iStock Editorial via Getty Images Chinese EV maker BYD Company (OTCPK:BYDDF) plans to build a massive $1B EV plant in Turkey with an annual capacity of 150,000 vehicles, Turkey’s state-run Anadolu news agency said on Monday. Production is expected to begin at the end of 2026. The plant would includeContinue Reading
CHUNYIP WONG European energy majors Shell (NYSE:SHEL), BP (BP) and TotalEnergies (TTE), as well as Japan’s Mitsui (OTCPK:MITSF) (OTCPK:MITSY), have agreed to buy a 10% stake each in Abu Dhabi National Oil Co.’s Ruwais liquefied natural gas plant, Bloomberg reported Friday. The United Arab Emirates currently has just 5.8M tonsContinue Reading
NN, Inc. (NASDAQ:NNBR) on Tuesday said that it has entered a definitive agreement to sell its lone plastics products plant known as Industrial Molding Corporation to Davalor Mold Company. The total proceeds will be about $16M. The company plans to pay down debt with the proceeds from the transaction andContinue Reading
zhaojiankang/iStock via Getty Images ArcelorMittal (NYSE:MT) said Tuesday it has decided against shutting its Newcastle steel plant in South Africa and is working on a plan to make it viable, more than six months after announcing its closure. The plant in KwaZulu-Natal province makes fencing material, rail, rods and barsContinue Reading
loooby/iStock via Getty Images The Hain Celestial Group (NASDAQ:HAIN) announced on Monday that it made a significant investment in a decarbonization project at its main UK manufacturing facility at Histon in Cambridgeshire, UK. Notably, Histon is the production site of many of the company’s most popular brands, including Hartley’s jamsContinue Reading
lyash01/iStock via Getty Images The Federal Energy Regulatory Commission voted Thursday to approve the Calcasieu Pass 2 liquefied natural gas export terminal on Louisiana’s Gulf Coast, but the project’s future is uncertain because of the Biden administration’s pause on new U.S. Department of Energy authorizations for LNG exports. The plannedContinue Reading
Joaquin Corbalan/iStock via Getty Images Lynas Rare Earths (OTCPK:LYSCF) (OTCPK:LYSDY) said Thursday it plans to begin production in 2025 of two separated heavy rare earth products used in electric vehicles and electronic gadgets at its metals processing plant in Malaysia. Lynas (OTCPK:LYSCF) (OTCPK:LYSDY) said it has designed a new processContinue Reading
Victor Golmer/iStock Editorial via Getty Images Novo Nordisk (NVO) will invest $4.1B to build a second fill and finish manufacturing facility in Clayton, N.C. focused on injectables medications, including current and future ones for obesity. The development comes as Novo, which makes the weight loss drug Wegovy (semaglutide), and rivalContinue Reading
