ADNOC and Borealis will sell a 10% stake in their joint venture polymer giant Borouge to the public

On Wednesday, Abu Dhabi National Oil Company (ADNOC) and its long-time partner Borealis AG announced their plan to list 10% of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO).

Subject to regulatory approvals...

PTT Announces Joint Venture for New Battery in Thailand

Thailand’s PTT and the Global Power Synergy Corporation have announced a joint venture to support the electric vehicles production plan of the PTT.

The Chief Executive Officer and the President of PTT, Auttapol Rerkpiboon, said that the Singaporean oil and gas company has created ...

EMBASSY GROUP SOLD WAREHOUSE BUSINESS

Highlights:

• Embassy Industrial park has been bought by Blackstone for about $700 million which is equivalent to Rs. 5,000 crore.
• The deal has given Blackstone a new opportunity in the warehouse industry.
• The deal indicates the end of the Em...

INDIAN OIL AND PHINERGY TO MANUFACTURE SPECIAL BATTERIES

HIGHLIGHTS

• Indian Oil and Phinergy have joined hands to manufacture special batteries in India.
• Ashok Leyland and Maruti Suzuki have signed letter of intent with new joint venture for using aluminium-air systems.

Indian Oil and Phine...

CAST.ERA TO LAUNCH NEXT-GENERATION BROADCAST SOLUTION

Highlights –

• Cast.era to launch next-generation broadcast solution.
• The media technology company is a joint venture between SK Telecom and Sinclair Broadcast Group Inc.
• Cast.era is said to have reportedly completed testing of the 5G-A...

LG ELECTRONICS TO SPLIT EV COMPONENTS BUSINESS WITH MAGNA INTERNATIONAL

Highlights –

• LG Electronics to split EV components business with Magna International.
• LG Electronics plans to set up a joint venture with the Canadian auto parts maker to secure the business.
• LG Electronics shareholders passed the pro...

GEELY AUTOMOBILE HOLDINGS TO FORM JV WITH ZEEKR FOR ELECTRIC VEHICLES

Highlights –

• Geely Automobile Holdings to form JV with Zeekr for electric vehicles.
• Geely Automobile Holdings Ltd.'s profit fell 32% in 2020.
• Geely Automobile will invest 2 billion yuan jointly with parent Zhejiang Geely Holding G...

HYUNDAI MOBIS INVESTING IN OVERSEAS VC FUNDS

HIGHLIGHTS

• To foster future mobility startups in the mid-to-long term, Hyundai Mobis are investing $20 million in 2 Silicon Valley tech funds.
• Concentrating on R&D amid rapidly changing business environment, Hyundai Mobis are expanding research ar...

HONDA MOTOR CHINA TO FORM JV WITH NEUSOFT TECHNOLOGY

Highlights:

• China-based Honda Motor Investment Co. Ltd. has announced to form a joint venture (JV) with Neusoft Reach Automotive Technology (Shanghai).
• The new joint venture will be known as Hynex Mobility Service Co. Ltd. with its headquarters in Dal...

JOINT VENTURE BETWEEN NORSK HYDRO AND NORTHVOLT

Highlights –

• A joint venture between Norsk Hydro and Northvolt.
• The companies have come together to focus on creating a better electric vehicle sector.
• Northvolt to collect their raw material from recycled batteries.

HANA FINANCIAL AND HAHN & CO. BECOME JOINT OWNER OF H-LINE SHIPPING

Highlights –

• Hana Financial Group and Hahn & Co. to acquire H-Line Shipping, at initial capital of $1.45 billion.
• Hana Financial Group has entered a strategic partnership with Hanh & Co.
• Hana Bank will lead-manage the financi...

DASSAULT SYSTEMS ANNOUNCED JOINT VENTURE WITH GEICO TAIKISHA

Highlights:

• The joint venture is to improve production flexibility.
• Geico Taikisha will implement Dassault’s Delmia applications.
• The deal is aimed to improve the efficiency, safety, quality, costs and sustainability of the auto body ...

KOLON INDSUTRIES AND SKC SOLD STAKES IN THEIR JOINT VENTURE

Highlights –

• SKC Kolon PI, world’s largest polyimide film company, joint venture company by SKC and Kolon Industries
• JV companies sell their stakes off to acquire seed funding
• Stakes worth $250 Million

To beef...

POSCO CHEMICAL CO. JOINT VENTURE WITH OCI CO.

Highlights –

• POSCO Chemical Co. joint venture with OCI Co.
• Production of high-purity hydrogen peroxide
• The commercial operation to start in 2022

South Korean steel giant POSCO’s refractory and secondary batter...

India: Amazon is now up to creating one Million Jobs

Collaboration and joint ventures are often considered to be good for the business; be it a large scale business or a small scale business. This happened with the Amazon, which is known all over the world for the shopping experiences it provides to the customers. Amazon has always proved to be the...