On Tuesday, Molson Coors Brewing Corporation (NYSE:TAP)’s shares inclined 2.73%, and closed at $78.24, after Molson Coors Brewing (TAP), declared that its wholly owned partner, Coors Brewing Corporation d/b/a Molson Coors International (MCI), has attaind Mount Shivalik Breweries Ltd. (MSBL). As part of the transaction, MCI attained MSBL’s entire brand portfolio, counting the leading strong beer brand, Thunderbolt, and assumes direct control over brewing operations in Haryana and Punjab, in addition to distribution for Thunderbolt in Bihar. Terms of the transaction were not revealed and all required regulatory approvals have been received. The entity will continue to be called Mount Shivalik Breweries for a period of time.
This transaction builds on an existing contract brewing and distribution partnership between the two companies that was initiated in early 2013.
Mr. Rajiv Bali, Chairman Emeritus of MSBL, added, “We are fortunate to have a strong partner in Molson Coors, a leading global brewer with a proven track record for building and growing iconic brands around the world. At Mount Shivalik, we are also proud of our reputation for delivering high quality beer brands. Together with Molson Coors, we will have a powerful combination of industry leading brewing expertise, brand reach and operational efficiency that will allow us to grow our brands even further in India.”
Molson Coors Brewing Corporation manufactures and sells beer and other beverage products. The corporation sells its products under the Coors Light, Molson Canadian, Carling, Carling Black Label, Coors Altitude, Coors Banquet, Creemore Springs, the Granville Island, Keystone Light, Mad Jack, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Pilsner, and the Rickard’s family brands in Canada; and brews or distributes under the Amstel Light, Heineken, Murphy’s, Newcastle Brown Ale, Strongbow cider, Desperados, Dos Equis, Moretti, Sol, Tecate, Miller Chill, and Miller Genuine Draft brands.
Ericsson (ADR)(NASDAQ:ERIC)’s shares raised 0.39%, and settled at $12.81, during the last trading session on Tuesday, as Ericsson (ADR) (ERIC), has declared new collaborations with prestigious universities King`s College London and Technische Universität Dresden (TU Dresden). The collective efforts will focus on 5G research, addressing both the technical implications and the societal challenges of implementing the next-generation of communications technology.
The collaborations with the two universities will build on other leading European research institute and university collaborations in the 5G sphere, such as those with the Royal Institute of Technology, Chalmers University of Technology and Lund University in Sweden.
5G is predictable to start its commercial rollout in 2020, by which time Ericsson believes that there will be up to 50 billion connected devices in the world, mainly in machine-to-machine communication.
Ericsson provides communications technology and services worldwide. The corporations Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; transmission/backhaul solutions comprising microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; and operations support systems, in addition to supports operators administration of existing networks.
At the end of Tuesday’s trade, Basic Energy Services, Inc (NYSE:BAS)’s shares picked up 0.12%, and closed at $8.32, as Basic Energy Services, Inc (BAS), declared it will release its first quarter 2015 financial results after the market closes on Thursday, April 23, 2015. In conjunction with the release, Basic has planned a conference call that will be broadcast live over the Internet on Friday, April 24, 2015, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs. This segment operates 291 pumping units; and 66 air compressor packages, counting 36 snubbing units, 16 coiled tubing units, and 10 wireline units.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE), ended its Tuesday’s trading session with 2.69% gained, and closed at $1.91, as Yingli Green Energy Hold (YGE), declared that it has supplied 15.5 megawatts (MW) of solar panels to Marina Energy, a PV project developer and engineering, procurement, and construction (EPC) provider that is wholly-owned by South Jersey Industries (SJI), a holding corporation for several New Jersey-based energy and energy services providers.
Marina Energy installed Yingli’s highly durable, utility-scale multicrystalline YGE-U Series panels in three ground-mounted solar power plants in New Jersey: Frankford Solar, a 10 MW project located in Branchville; Holland Solar, a 3.5 MW project located in Holland; and Brickyard Solar, a 2 MW project located in Farmingdale.
All three facilities are predictable to be fully commercially operational by Q3 of this year. In total, they will generate about 17.5 million kilowatt-hours (kWh) of clean solar energy per year, which equals the energy demand of about 2,000 typical New Jersey households. The electricity produced by these projects will offset over 12,000 tons of carbon emissions over the systems’ lifetimes, which is equivalent to removing nearly 9,900 cars from the road.
“Marina selected Yingli for these projects because they offered the best availability and product quality. They have proven to be a highly reputable corporation and we are proud to work with them,” commented David Robbins, president of Marina Energy.
Yingli Green Energy Holding Corporation Limited, together with its auxiliaries, designs, develops, manufacture, markets, sells, and installs photovoltaic products in the Peoples Republic of China. It offers PV cells, PV modules, and integrated PV systems; and polysilicon ingots and blocks, and polysilicon wafers, in addition to develops and operates solar projects.
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