On Wednesday, Shares of ON Semiconductor Corp (NASDAQ:ON), included 4.71% and shut at $12.44 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $11.85 and $12.50. Bio-on will begin producing its own special biopolymers at a new 1,000 tons/year plant to be accomplished in 2017 with an expected investment of €15 million Euro. The news is part of a new 2017-2020 industrial plan, which Marco Astorri, Chairman and CEO of Bio-on S.p.A., outlined to the financial community and the press recently. Entering the innovative sector of high-margin special bioplastics production adds to the company`s existing research and development of 100% biodegradable biopolymers and the production licensing on which it has developed since its foundation in 2007.
Thanks to the over 50 patents registered in the last 9 years, Bio-on is now the leader in eco-sustainable chemical technologies and in the industrial development of PHAs production (or polyhydroxyalkanoates). PHAs are bioplastics that can replace a number of traditional polymers presently made with petrochemical processes using hydrocarbons. The PHAs developed by Bio-on guarantee the same thermo-mechanical properties with the advantage of being completely naturally biodegradable once used.
Shares of Alibaba Group Holding Ltd (NYSE:BABA), subtract -0.24% and shut at $93.03 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $91.45 and $93.40. The association’s commercial center capitalization is $229.66 Billion with the general uncommon loads of 2.47 billion. Alibaba Cloud, the cloud computing arm of Alibaba Group, recently declared the opening of four new data centers by the end of 2016 in the Middle East (Dubai), Europe, Australia and Japan. As a major milestone of Alibaba Cloud’s global expansion, the new centers will boost its data center network to 14 locations, covering key economic centers around the world. The data center in the Middle East, located in Dubai, United Arab Emirates, begind initial operations recently.
Alibaba Cloud’s expansion will provide customers worldwide with improved latency and greater access to its diverse offerings, counting data storage and analytics services, enterprise-level middleware, and cloud security services. Strengthening Alibaba Cloud’s position as a major global cloud provider, the new data centers will support Alibaba Cloud’s growing client base beyond the current 2.3 million.