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Monday's News - Amtran Technology, Meadville Holdings, PSA Peugeot-Citroen
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Amtran Tech, LG to set up LCD factory in Suzhou
China Knowledge Newswire, August 18, 2008 Monday
Amtran Technology, one of largest TFT LCD display producers in Taiwan, is in talks with South Korea's LG Display Company on setting up a joint venture in China's Suzhou, and both sides hope to start production in the third quarter of 2008, according to a news report from Taiwan United Daily News.
PCB maker sets its sights on high end; Rising costs and appreciating yuan go against earnings, but value-added products production at new plants will give the company an edge Meadville Holdings
South China Morning Post, August 18, 2008 Monday
Total sales grew by 36 per cent from the telecommunications sector this year for printed circuit board (PCB) products manufacturer Meadville. Tom Tang Chung-yen, executive chairman, group managing director at Meadville Holdings, said that the United States subprime mortgage crisis, high prices and inflation would be major issues for the industry. "In this business environment, we are still able to deliver growing first-half results. The results have been impacted by two new plants' initial start-up losses of $62HKmillion. Otherwise, our growth should be even higher," Mr Tangsaid
PSA Peugeot-Citroen May Build Ukrainian Plant
Global Insight, August 18, 2008
A report appearing in a Russian newspaper has suggested that PSA Peugeot-Citroen may build a new plant in Ukraine. According to business daily Kommersant, the automaker has around 700 million euro ($1US.03 billion) available to build two facilities, with Ukraine earmarked for one of them. Other areas in the frame are said to be Poland and Turkey. The report added that the French automaker would make a final decision by the end of the year.
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Tags/Labels:
Automotive,
Electronics,
China,
Europe
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