Apple suppler LG Display expects improved profit outlook on increased OLED demand

On Friday, LG Display Co Ltd, an Apple Inc supplier offered an optimistic outlook for the year on the back of higher demand for its organic light-emitting diode (OLED) panels sending its shares higher by 4%. The optmistic forecast comes in the wake of the South Korean company seeing prolonged decline in liquid crystal display…

Japanese fashion group Fast Retailing Co Ltd to increase automation at its warehouses and facilities

On Wednesday, Japan’s fashion group Fast Retailing Co Ltd stated, it has partnered with two robotics startups to help improve efficiency in its warehousing and distribution strategy. Fast Retailing, the owner of clothing chain Uniqlo and also Asia’s biggest fashion retailer by sales said, it plans on investing $916.59 million (100 billion yen) to increase…

Tatra gaining traction on off-road mobility

Czech manufacturer Tatra is exiting a rough patch, during which neither it nor observers were sure where the future was. In recent years, Tatra has signed several high-potential agreements, with either large clients or high-potential partners. With an incursion into the world of off-road mobility, the Czech manufacturer now covers all segments of the market.…

Deutsche Post DHL confirms operating profit guidance of 5 billion euros for 2020

Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics. Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such…