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Ecotone Announces €20 Million Investment to Meet Growing Demand for Plant-based Beverages in the European Market

Ecotone Announces €20 Million Investment to Meet Growing Demand for Plant-based Beverages in the European Market

Ecotone, a pioneer in organic and plant-based alternatives in France and Europe, has announced a €20 million investment in its plant-based beverage production site located in Badia Polesine, Northern Italy. The major investment has enabled the creation of a new production line, now in operation, making the factory one of the largest plant-based drinks producers in Europe. A plant-based beverage factory 4.0 Lyon, May 18 (Korea Bizwire) — Ecotone’s [...]

Geely Invests in Renault’s Korean Unit for New Car Development

Geely Invests in Renault’s Korean Unit for New Car Development

SEOUL, May 10 (Korea Bizwire) — Renault Korea Motors said Tuesday an affiliate of China’s Geely Holding Group will invest in the company as part of their parent firms’ agreement signed early this year to develop an environment friendly vehicle. Geely Automobile Holdings, China’s largest privately-owned automotive group, will acquire a 34.02 percent stake in [...]

Investors Flock to ESG and Greentech Startups

Investors Flock to ESG and Greentech Startups

SEOUL, April 15 (Korea Bizwire) — In tandem with the government’s pursuit of carbon-neutral policies and the business community’s embracing of the environment, social and governance (ESG) management trend, investment is flooding into startups in the ESG sectors. Domestic startups attracted 11.7 trillion won (US$9.51 billion) in investment last year, more than tripling from a [...]

S. Korea to Invest Over 20 tln Won in Data, Network, AI Sectors

S. Korea to Invest Over 20 tln Won in Data, Network, AI Sectors

SEOUL, March 25 (Korea Bizwire) — South Korea plans to invest more than 20 trillion won (US$16.4 billion) in data, network and artificial intelligence (AI) sectors over the next three years in a bid to help nurture future-oriented industries, the finance minister said Friday. Along with fiscal spending, the government plans to provide support for [...]