LocalProduction

JCB Expands Texas Facility to Counter Tariff Challenges

15 hours ago

JCB, the renowned British construction equipment manufacturer, has announced plans to double the size of its manufacturing facility in Texas. This strategic expansion aims to mitigate the impacts of tariffs on imported goods and to enhance the company’s production capabilities amidst growing demand.

Airbus Sounds Alarm on Australia's Dependence on Chinese Fuel Supply

1 month ago

In a striking revelation, Airbus has issued a cautionary note regarding Australia's heavy reliance on China for its fuel supply, underlining the potential risks associated with this dependence. The aerospace giant’s concerns come amidst growing discussions around energy security and the need for diversification in supply chains globally.

Philippines Taking Proactive Measures to Prevent Surge in Rice Prices

3 months ago

The Philippine government is gearing up to implement additional strategies aimed at averting a potential increase in rice prices amid ongoing concerns about food security. Officials are closely monitoring rice supply chains and assessing various interventions to maintain price stability for one of the country’s staple food items. This comes in light of recent inflationary pressures that have been adversely affecting consumers.

New Zealand Sees Positive Impact from Declining Imports on Trade Deficit

4 months ago

In a significant development for New Zealand’s economy, recent data reveals that declining import levels have played a key role in narrowing the country's annual trade deficit. The figures indicate a trend that may lead to improved economic stability and a favorable balance of trade in the coming months.

Massive $1 Billion Investment by Nigeria's Leading Flour Miller to Transform Economy

6 months ago

Nigeria's largest flour milling company, Flour Mills of Nigeria, is set to inject a staggering $1 billion into various segments of its operations, marking a significant move to enhance local food production and bolster the nation's economy. This ambitious investment comes in the wake of President Bola Tinubu's government pushing for self-sufficiency in food production and generating employment opportunities across the nation.