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Korea's Hanwha vows to invest USD19.5 bn

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 Insights

13-Aug-18 Hanwha will earmark USD19.5 bn for investments and hire 35,000 workers in its largest-ever growth plan. Korean chaebol (conglomerates) Samsung, Hyundai, SK, LG and others have made similar announcements recently in response to government appeals to help the economy. [image: Business Korea]

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Crocs to close last manufacturing plants, in Mexico and Italy

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 Insights

09-Aug-18 Crocs has announced it is closing the last of its manufacturing sites, which is in Italy, having already closed its Mexico site in Q2. But the footwear company asserted that it was not going out of business. [image: Michael Brochstein / SOPA Images / LightRocket / Getty Images]

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Walmart, JD.com invest USD500 mn in Chinese logistics

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 Insights

09-Aug-18 Logistics services company Dada-JD Daojia has raised USD500 mn from existing backers JD.com and Walmart to quicken the growth of its delivery network across China. Walmart has been pushing to integrate its retail network in China. [image: South China Morning Post]

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DHL piloting bicycle delivery programme in UAE

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 Insights

03-Apr-18 Delivery services provider DHL is piloting a cargo bicycle for deliveries in densely populated areas of the UAE. The DHL 'cubicycle is a customised four-wheel bike designed to carry containers weighing up to 125kg. [image: Arabian Business]

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