Japan-based Panasonic Corporation has announced that it will go through a group-wide reorganization in line with its fundamental business concepts, said Fumio Ohtsubo, president of the company, during its business policy meeting announcing the firm’s business policy for the financial year ending March 2012. Panasonic, a global leader in the development and manufacture of electronic Read more...

Ridgemont Equity Partners, a spin-off of the Bank of America, has taken a majority stake in Missouri-based Gallus Biopharmaceuticals LLC. Senior financing for the transaction was provided by Enterprise Bank & Trust. Ridgemont’s investment facilitated Gallus’ purchase of Centocor Biologics’ manufacturing plant, which currently produces Remicade, a treatment for rheumatoid arthritis and Chron’s Disease, and Read more...

The Purchasing Management Association of Canada (PMAC), a leading association for supply chain management professionals, already announced the winners of the 2011 Awards of Distinction, recognizing organizations and individuals who advance the supply chain management profession through innovation and leadership. “All of our awards really speak to what PMAC is about, namely leadership in supply Read more...

Hearthside Food Solutions (Hearthside), a top contract manufacturer of grain-based foods, has announced that the 10-year-old labor issue has been settled during an NLRB supervised election that happened on May 5 and 6 at the McComb, Ohio bakery facility. The employees rejected BCTGM union representation with 534 of the 752 employees voting for the company Read more...

Taipei-based contract manufacturer Pegatron Corporation expects improved performance in the coming months, after it recorded lower-than-expected earnings in the first quarter, said Pegatron Chairman T.H. Tung. “Our operations should improve quarter by quarter, and things will get better between August and October this year as the outlook improves in the second half of the year,” Read more...

Agris Solar Co-Operative has deployed 9.3MW of PV modules developed in the new production facility of Silfab Ontario for 10KW and smaller micro feed-in tariff projects. The first part of the monocrystalline-silicon panels was delivered last month, and shipments will continue until April next year. Construction on the first systems started in February, and Agris Read more...

Taiwan-based smarthphone manufacturer HTC has released its first tablet PC dubbed as HTC Flyer during a time when almost all its competitors, as well as other players from the PC industry, have shifted onto the tablet bandwagon. This time, HTC has not received any special treatment from Microsoft or Google. While it had previously enjoyed Read more...

Taiwan Semiconductor Manufacturing Co., one of the world’s biggest contract chip manufacturer, believes the 28nm fabrication process opens several new opportunities for the company. TSMC says it has nearly 90 28nm design wins and hopes that chip designers of ultra-portable devices will widely embrace the new process technology. “The smartphone and tablet is the new Read more...

China Briefing has released due diligence report in China focusing on experiences and practical knowledge gained from boutique professional services firm Dezan Shira & Associates and based on several live case studies acquired from the past 20 years. The 19-page report features basic due diligence that can be conducted by business entrepreneurs for free and Read more...

Taiwan Semiconductor Manufacturing Co (TSMC), one of the world’s largest chips manufacturers, has posted a strong first-quarter profit, beating estimates after demands for tablets and smartphones fuelled sales of more expensive chips. TSMC recorded an eight percent increase in net income to NT$36.3 billion ($1.3 billion) in the first quarter, surpassing analysts’ estimates of NT$35.3 Read more...