Nissan CEO eyes first talks with new Renault chairman on Thursday

Hiroto Saikawa is aiming to hold his first face-to-face discussion with new Renault SA Chairman. (File/AFP)
Updated 30 January 2019
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Nissan CEO eyes first talks with new Renault chairman on Thursday

  • The regular alliance meeting for Renault, Nissan and Mitsubishi Motors Corp will be held in Netherlands
  • Ghosn was indicted in Japan for financial misconduct and removed from his roles at the three automakers

TOKYO: Nissan Motor Co Ltd Chief Executive Hiroto Saikawa is aiming to hold his first face-to-face discussion with new Renault SA Chairman Jean-Dominique Senard on the sidelines of an alliance meeting in the Netherlands on Thursday, NHK reported.
"I want to use the opportunity as much as possible to talk with him," Saikawa told reporters on Wednesday in footage aired on the Japanese public broadcaster.
A Nissan spokesman was not immediately available to comment.
The regular alliance meeting for Renault, Nissan and Mitsubishi Motors Corp will be the first attended by Senard since he replaced Carlos Ghosn as chairman of the French automaker last week.
Ghosn was indicted in Japan for financial misconduct and removed from his roles at the three automakers, threatening the future of the partnership he transformed into a global industrial giant over two decades.
Ghosn is awaiting trial in a Tokyo jail, where he has been incarcerated since his arrest in November.


German firm wins mega order to build olive oil mill in Saudi Arabia

Updated 19 March 2019
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German firm wins mega order to build olive oil mill in Saudi Arabia

  • Scope of project, located in Al-Jouf, expected to encompass 5 million olive trees
  • Saudi Arabia investing heavily in developing domestic food industry

LONDON: A German company has won an order to build a massive olive oil mill in Saudi Arabia that will be the largest in Asia.
GEA won the order from The National Agricultural Development Company (NADEC), one of the largest agricultural and food-processing companies in the Middle East.
The scope of the project, located in the region of Al-Jouf, is expected to encompass 5 million olive trees from a single farm of 3,000 hectares, GEA said in a statement on Tuesday.
“Once the construction process is completed, this facility will be largest and most modern olive oil mill in Asia,” said Rafael Cárdenas, head of the Center of Excellence for Olive Oil at GEA.
Gulf states including Saudi Arabia, the region’s largest economy, are investing heavily in developing their domestic food industries in an effort to reduce their reliance on imports and boost their food security.
The contract to build the Al-Jouf olive oil mill is the second phase of an ongoing project and will enlarge the existing olive oil plant that was built in 2016.
Al-Jouf Agriculture Development Company is the largest modern olive farm in the world.