Shares of Anheuser Busch Inbev SA (ADR) (NYSE:BUD) ended Thursday session in red amid volatile trading. The shares closed down -0.81 points or -0.64% at $126.56 with 1.61 billion shares getting traded. Post opening the session at $127.27 the shares hit an intraday low of $126.44 and an intraday high of $127.69 and the price vacillated in this range throughout the day. The company has a market cap of $203.80 billion and the numbers of outstanding shares have been calculated to be 1.61 billion shares.
Anheuser Busch Inbev SA (ADR) (BUD) engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 200 beer brands, including Budweiser, Corona, Stella Artois, Becks, Leffe, Hoegaarden, Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, and Jupiler. The company was founded in 1366 and is headquartered in Leuven, Belgium.
Shares of Dana Holding Corporation (NYSE:DAN) ended Thursday session in green amid volatile trading. The shares closed up +0.08 points or 0.53% at $15.05 with 143.73 million shares getting traded. Post opening the session at $14.99 the shares hit an intraday low of $14.88 and an intraday high of $15.16 and the price vacillated in this range throughout the day. The company has a market cap of $2.20 billion and the numbers of outstanding shares have been calculated to be 143.73 million shares.
On Sept. 8, 2016 In support of secured new business, Dana Incorporated (DAN) announced that it plans to construct a state-of-the-art gear manufacturing facility in Europe. The establishment of this Spicer® gear factory in Győr, Hungary, will serve as a significant enabler to further satisfy the regional needs of Dana’s global customers.
The 140,000 square-foot (13,000 square-meter) facility will provide customers in the region with access to Dana’s advanced design, engineering, and manufacturing expertise to support their sourcing initiatives and technology strategies.
With construction slated to begin in the first quarter of 2017, the company plans to invest approximately $51 (€46) million in the new facility and expects to employ approximately 200 associates by 2020.
The facility will produce Spicer® AdvanTEK® hypoid or spiral bevel ring and pinion gear sets. Dana manufactures primary ring and pinion drive gearing for traditional banjo and beam axles, as well as all-wheel-drive systems. Full axle assembly on the site is possible in the future.
The company’s AdvanTEK gearing line offers best-in-class noise, vibration, and harshness (NVH) performance, as well as greater power density in a compact package.
The new plant will serve as the company’s fourth operation in Győr. The decision to develop another plant within the country was made possible by the support of the Hungarian Government which awarded Dana non-refundable cash grant based on the proposal of the Hungarian Investment Promotion Agency (HIPA).
“Dana is earning new business in the European marketplace, and to support this we are excited to add an additional gear-manufacturing facility to our footprint,” said Bob Pyle, president of Dana Light Vehicle Driveline Technologies. “This plant is strategically positioned in close proximity to our other Győr operations and will enable us to deliver technologies to our European customers more quickly and cost effectively.