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Hp Partners With Flex On A New PC Manufacturing Plant In Chennai
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HP Inc (NYSE:HPQ) has a ROI of 112.30%, which is one of the highest amongst large cap companies.
HP has partnered with Flex to set up a new PC manufacturing plant in Chennai. The expansion is part of HP's long term strategy to spread its operations in the Indian market. The new manufacturing plant will produce both desktops and workstations. According to the company, the new plant will offer easy access to the nearby port in Bengaluru hence it will be easy to bring in spare parts.
Domino's Pizza Hires A New CFO
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Domino's Pizza, Inc. (NYSE:DPZ) has a ROI of 78.40%, which is one of the highest amongst large cap companies.
Domino's Pizza, Inc has announced the appointment of Stu Levy as its CFO. Levy is currently the Executive Vice President, Supply Chain Services. He will replace Jeffrey Lawrence who announced that he will be retiring from the company. Levy will report to Domino's CEO Ritch Allison.
The company has promoted Cindy Headen to become its Executive Vice President, Supply Chain Services, to fill the pace left by Levy. She will be part of the company's executive leadership team and will report to Ritch Allison, the CEO. Dominos has continued to spread its operations with the opening of more branches in Croatia.
Otis Worldwide Opens New Plant
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Otis Worldwide Corp (NYSE:OTIS) has a ROI of 72.70%, which is one of the highest amongst large cap companies.
Otis China has opened a new escalator factory which meeting industry 4.0 standards. The new plant will be fitted with advanced automation and intelligent manufacturing that will guarantee high-level performance escalator and moving walkways.
The new plant was moved from South China to East China near Shanghai. The new Otis factory will follow Otis' global quality standards and will employ the latest digital technologies like custom engineering, 3D modelling, and real-time quality management. All these help to improve the quality of the products and operational efficiency.
Otis China announced 9.6% drop in net sales and 6.5% drop in organic sales in 2Q20. The company's GAAP operating profit dropped to $65 million. Otis China reported 70 basis points margin.
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COMTEX_369225304/2700/2020-08-11T08:34:43
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