| |
Globaline
Weekly publication of the most up-to-date global news on your customers and competitors. Available only to AMT members.
|
|
| |
Archived News
- December 2007
|
-
China inaugurates homegrown regional passenger jet
December 21, 2007 -- China's first fully homegrown commercial aircraft rolled off the production line Friday, marking a potential milestone for the country's aviation program. In a nationally televised ceremony, the Xiangfeng, or "Flying Phoenix," was towed into a hangar at the Shanghai Aircraft Manufacturing Factory amid flashing laser lights and rousing music. The rollout ceremony was closed to most media, apart from state-run CCTV and the official Xinhua News Agency. Dec 21, 2007
-
Sumitomo Metal, China Steel in JV to Make Steel Sheet in Vietnam
December 21, 2007 -- Japan's Sumitomo Metal Industries Ltd. (TSE:5405) announced Thursday that it will produce steel sheet in Vietnam for use in automobiles and home appliances through a joint venture with China Steel Corp. (TSX:2002), Taiwan's largest steelmaker. Slated to begin operating in 2011, the joint venture will make cold-rolled, zinc-plated and electromagnetic steel sheet. The plan is to break ground for a factory with an annual production capacity of 1.7 million tons on the outskirts of Ho Chi Minh City in the middle of next year, once the Vietnamese government has granted approval. Dec 21, 2007
-
EADS Names Companies for Plant Takeovers
December 20, 2007 -- The European aerospace group EADS has named three companies it hopes will take over six plants in Germany, France and Britain being divested as part of a cost-cutting drive at its Airbus unit. In a joint statement, EADS and Airbus said that they will begin exclusive negotiations with MT Aerospace, a division of Germany's OHB Technology AG for three German plants, France's Latecoere SA for two French plants, and Britain's GKN plc for part of Airbus' operations in England. Dec 20, 2007
-
Denso to Build Plant in Eastern Japan
December 20, 2007 -- Denso Corp. , an auto parts maker affiliated with Toyota Motor Corp. , is considering building a plant in eastern Japan to cope with expanding production by automakers, Denso President Koichi Fukaya said Thursday. Details remain to be decided. Dec 20, 2007
-
Moly Mines Enters Into Alliance with Chilean Producer
December 20, 2007 -- Dual listed aspiring molybdenum producer Moly Mines Ltd (ASX:MOL) has entered into an alliance with the world's largest producer of molybdenum finished products, Chile's Molibdenos y Metales S.A. (Molymet). The companies have entered into a tolling agreement for all molybdenum concentrates produced at Moly Mines' Spinifex Ridge molybdenum project in the Pilbara region of Western Australia. Dec 20, 2007
-
BAE Systems wins US defence contract to help troops in Iraq
December 19, 2007 -- British defence group BAE Systems said Wednesday that it has won a 1.1 billion-dollar (767-million-euro) order from the US government for military vehicles to protect US marines in Iraq. Dec 19, 2007
-
New Airbus plant owner GKN: Engineering giant forged from iron works
December 19, 2007 -- Engineering firm GKN, which is to take over an Airbus factory in Filton, western England, has a colourful history that dates back to Britain's industrial revolution during the 18th century. Dec 19, 2007
-
Madera's Evapco plans to expand operation
December 19, 2007 -- A Madera manufacturer of industrial cooling towers is expanding its operation and adding 30 to 40 jobs over the next two to three years. Evapco West at 1900 Almond Ave. is adding a 49,000-square-foot manufacturing building and about 160,000 square feet of concrete and asphalt storage and parking areas. Dec 19, 2007
-
India: India emerges as production hub for small cars
December 18, 2007 -- Section: Regional News - India is emerging as a production hub for Asian car manufacturers rolling out new compact models for the global market. Anjana Pasricha reports from New Delhi that the market for small, low-priced cars is on the rise worldwide. Suzuki Motor Corporation says a new compact hatchback targeted at European customers will start to roll out of a plant near New Delhi in December of next year. The company says the car will produce lower greenhouse emissions than its European rivals. Dec 18, 2007
-
Makino Reorganizes Machine Tool Sales Subsidiary In China
December 18, 2007 -- TOKYO (Nikkei)-- Makino Milling Machine Co. (6135), a leading maker of machine tools, is reorganizing the operations of its subsidiary in China. Makino China Co. is based in Kunshan, Jiangsu Province. Up until now, the head office has managed all five sales offices and all three technical centers nationwide in addition to the factory in Kunshan that makes arc-discharge machining tools. Henceforth, the Chinese market will be divided into four regions -- east, west, south and north -- and a general manager will be stationed in Kunshan, Chongqing, Dongguan and Tianjin to be in charge of each region. Dec 18, 2007
-
Daimler wins orders for 1,052 hybrid city buses
December 17, 2007 -- FRANKFURT, Dec 17 (Reuters) - Daimler AG's North American bus business has won orders from New York City and Ottawa for a total of 1,052 diesel-electric hybrid public transit buses, the company said on Monday. These buses will be powered by BAE Systems' hybrid propulsion system and will be delivered into 2010. Dec 17, 2007
-
CHINA'S BAOSTEEL, HANSTEEL LAUNCH US$2.6 BLN JOINT VENTURE
December 17, 2007 -- BEIJING, Dec 17 Asia Pulse - Baosteel Group, China's largest steel maker, has launched a 19.4-billion-yuan (US$2.6 billion) joint venture with Hansteel Group. The National Development and Reform Commission gave nod to the plan of building the 19.4-billion-yuan steel plant in Handan, a city of north China's Hebei province in December 2005. Dec 17, 2007
-
HYUNDAI MOTOR SIGNS AGREEMENT TO BUILD $US400MLN RUSSIAN PLANT
December 17, 2007 -- SEOUL, Dec. 17 Asia Pulse - The Hyundai Motor Co., (KSE:005380), South Korea's largest carmaker, signed a preliminary agreement with a Russian province Monday to build a US$400 million manufacturing plant in the resource-rich country, with the aim of grabbing a bigger slice of the booming automobile market. The plant, with a yearly capacity of 100,000 vehicles, will be located in St. Petersburg, the South Korean automaker said in a statement. Dec 17, 2007
-
GE's aviation unit orders 55 passenger jets
December 14, 2007 -- General Electric Co.'s aviation subsidiary has ordered 55 passenger jets from Boeing Co., the companies said Thursday. Financial terms of the deal were not disclosed. Boeing said the list price for 53 single-aisle 737-800s and two extended-range versions of the widebody 777-300 is $4.5 billion, but customers typically negotiate steep discounts. Dec 14, 2007
-
Chinese Company Chosen to be First Airbus Maintenance Center in Asia
December 14, 2007 -- European aircraft producer Airbus has authorized a Shenzhen company to be its first maintenance center in Asia. Lufthansa Technik Shenzhen Co. Ltd. (LTS), in south China's Guangdong Province, will provide repair and overhaul services in line with Airbus' requirements, according to an agreement signed by the two companies. Dec 14, 2007
-
SNC-Lavalin acquires mining engineering firm in Brazil
December 13, 2007 -- SNC-Lavalin is pleased to announce the acquisition of Minerconsult Engenharia, a leading multidisciplinary engineering firm of approximately 1000 professionals based in Belo Horizonte, the capital of mining and metallurgical engineering activities in Brazil. The 17-year old consulting engineering firm has world class expertise in material handling, iron ore and bauxite mining. It also provides the full range of services in gold, copper, iron, nickel and bauxite mining from the early stages of conceptual studies to pre-commissioning and start up for clients in Brazil, Latin America and in other parts of the world. Dec 13, 2007
-
Ground Broken for Vietnam-Singapore Industrial Park 3
December 13, 2007 -- Bulldozers started to roll on a 700ha piece of land to prepare the building site for the new VSIP Bac Ninh Township and Industrial Park yesterday in Vietnam's northern province of Bac Ninh. The initial investment in the 700ha by Viet Nam-Singapore Industrial Park and Township Development (VSIP) will consist of a 500ha industrial zone to be equipped with modern manufacturing facilities, a logistics hub and a 200ha area dedicated to township development. Dec 13, 2007
-
Astra Daihatsu to Build Part Center in Bakasi, Indonesia
December 13, 2007 -- Car maker PT Astra Daihatsu Motor (ADM) said it will build a spare part center with an investment of Rp60 billion (US$6.66 million) in Bekasi to improve efficiency in supply to its car assembling plant. ADM Vice President Sudirman M.R. said the part center in the MM2100 Industrial Estate is designed to become a genuine part logistic center for domestic and export markets. Dec 13, 2007
-
Eskom Awards U.S. Manufacturer $235m Contract for New Project
December 12, 2007 -- POWER utility Eskom has awarded a $235m contract to the US-based diversified manufacturer SPX Corporation to supply components to the coal-fired Medupi power station. The power station is to be built near Lephalale in Limpopo between now and 2015. Dec 12, 2007
-
US Airways selects Pratt & Whitney for V2500 order
December 12, 2007 -- Manufacturer and designer of aircraft engines Pratt & Whitney, a business unit of United Technologies Corp (NYSE:UTX), announced on Tuesday (11 December) that US Airways has selected the International Aero Engines (IAE) V2500 to power up to 153 new Airbus A320 family aircraft. Dec 12, 2007
-
Japan's Sodick to Double Precision-Molding Capacity in China
December 12, 2007 -- Sodick Hightech Co. (TSE:6160) plans to more than double the production capacity at its precision-molding business in China during 2008. The company will invest 300 million yen (US$2.7 million) to install around 30 injection molding machines at its Suzhou plant, raising the number of such machines there to 65. This will boost the factory's monthly capacity to 90 tons from 40 tons. Dec 12, 2007
-
ArvinMeritor to buy Mascot Truck Parts to expand its remanufacturing business
December 11, 2007 -- Auto supplier ArvinMeritor Inc. said Tuesday it agreed to buy Canadian-based Mascot Truck Parts Ltd. for an undisclosed amount to broaden its remanufacturing operations. Mascot's 170 full-time workers and its customer list will be absorbed by ArvinMeritor. The company will also take over Mascot's remanufacturing plants: three in Mississauga, Ontario, and one each in Edmonton, Alberta; Moncton, New Brunswick; and Boucherville, Quebec. Dec 11, 2007
-
API Nanotronics Receives Order From Major U.S. Defense Contractor
December 11, 2007 -- API Nanotronics Corp. (OTCBB: APIO) ("API") (the "Company"), a leading supplier of electronic components and nanotechnology research and development to the defense and communications sectors, announced today that its TM Systems division received a contract extension from a long standing defense customer. The contract includes an option for a 10th Stabilized Glide Slope Indicator (SGSI) and Vertical Reference System (VRS) and options for delivery of up to 4 additional systems. The total potential value of the contract exceeds $3.8 million. Dec 11, 2007
-
Aerojet in contract with Boeing for US Air Force's F-22 Raptor programme
December 11, 2007 -- Aerojet, an aerospace and defence company and a business division of GenCorp (NYSE: GY), announced on Monday (10 December) that the company has been selected by The Boeing Company to provide additional forward boom ship sets for the US Air Force's F-22 Raptor programme. The contract is worth USD62m over a three-year period. Under the terms of the contract with The Boeing Company, Aerojet will build the welded titanium forward boom for Lockheed Martin's F-22 Raptor. Dec 11, 2007
-
China Builds World's Largest Press Forge, Paves Way for Jumbos
December 10, 2007 -- China has started the building of an 80,000-ton press forge in Deyang, in the southwestern Sichuan Province, paving the way for making large planes, a longtime dream of the nation. The project, with an investment of 1.517 billion yuan (US$204.7 million), has won the approval of the National Development and Reform Commission and is expected to be the world's largest when it is finished in two and a half years, said Zeng Xiangdong, project director and vice general manager of China National Erzhong Group Co. on Friday. Dec 10, 2007
-
Japan's Construction Equipment Makers Rush to Meet Green Targets
December 10, 2007 -- Major construction equipment manufacturers in Japan are hurrying to develop equipment compatible with new exhaust gas regulations set to take effect from 2011, aiming to be among the first to market new models that satisfy the more stringent rules. Shin Caterpillar Mitsubishi Ltd. plans to spend 5 billion yen (US$44.86 million) by 2010 to expand a site on the outskirts of Kobe where engine performance and durability are tested. The company is responsible for development of hydraulic shovels that are sold worldwide by Caterpillar Inc. and plans to add 20 per cent more engineers for this by the end of 2009. Dec 10, 2007
-
India's Nalco to Build US$3 BLN Aluminum Smelter in S. Sumatra
December 10, 2007 -- India's National Aluminium Company (Nalco) (BSE:532234) will build an aluminum smelter and power generating plant in South Sumatra with a total investment of US$3 billion. Nalco will sign an agreement with the Indonesian government to secure full support from the authorities in the country for he implementation of the project. Dec 10, 2007
-
Bosch planning further investment in India
December 7, 2007 -- Robert Bosch, the German automobile industry supplier, is planning to invest a further 170m euros in India by 2010, in addition to a 325m-euro investment programme between 2005 and 2008. The company expects its turnover in India to grow by almost 20 per cent to 815m euros this year, while the number of staff employed by the group in India is set to rise by 10 per cent to 18,000. Until now, Bosch has been known in India mainly through its subsidiary Motor Industries Company Limited (Mico); the company now plans to rename its Indian subsidiary Bosch Limited, provided that it obtains the approval of the authorities and of outside shareholders, who control 30 per cent of the subsidiary. The group expects production volumes of automobiles in India to double to 4.4 million vehicles a year by 2010, which will open up opportunities for Bosch. Dec 07, 2007
-
India's Mahindra Rumoured to be Front Runner for BAE Systems JV
December 7, 2007 -- Indian conglomerate Mahindra and Mahindra (BSE:500520) is understood to have emerged as a preferred partner of international defence equipments major BAE Systems for a manufacturing joint venture in India. The UK-based BAE Systems has zeroed in on M&M and is believed to have signed a Memorandum of Understanding (MoU) after holding talks with at least two other leading corporates -- Tatas and Larsen and Toubro (L&T)(BSE:500510) for its Indian Land Systems project, sources close to the development said. Dec 07, 2007
-
Kia Motors to Start Its Second Plant in China Amid Sluggish Sales
December 7, 2007 -- Kia Motors Corp. (KSE:000270), South Korea's second-largest automaker, will kick off commercial operations this week at its second plant in China as it looks for ways to revive sales in the world's fast-growing auto market, the company said Friday. The US$650 million factory at Yancheng in the eastern province of Jiangsu will eventually have an annual production capacity of 300,000, doubling Kia's China capacity. Dec 07, 2007
-
Cathay Pacific to buy 8 Airbus A330 aircraft to expand fleet, list price $1.7 billion
December 6, 2007 -- Cathay Pacific Airways Ltd. said Thursday it will buy eight A330 Airbus aircraft with a total basic price of $1.7 billion to expand its fleet. It didn't disclose the actual cost of the planes. Airlines usually receive significant discounts from list prices on large orders. Dec 06, 2007
-
Waterjet firms, once foes, want to merge
December 6, 2007 -- Kent-based companies Flow seeks to buy Omax, consolidate abrasive-cutting forces. Two Kent companies that compete head to head and have sued each other over patent claims want to settle their differences and merge. Dec 06, 2007
-
RUSSIA: Iveco begins construction of new Daily plant
December 5, 2007 -- The construction of a new Daily manufacturing facility has commenced in Russia, as part of a joint venture established in June 2007 between Iveco, a Fiat Group company, and the industrial group Samotlor-NN, one of Russia’s major bodybuilders. This joint venture has seen the formation of a company called Saveco, which is 51 per cent owned by Iveco, which will manufacture the Daily locally. In addition to the transport of goods, particular emphasis on using the company’s award-winning light commercial vehicle chassis will be placed on the production of vehicles for use in minibus and ambulance applications. Dec 05, 2007
-
China's CFHI to Set Up World's Largest Casting and Forging Base
December 5, 2007 -- China First Heavy Industries (CFHI) will start its steel casting and forging base project, which was authorized by the National Development and Reform Commission recently. The scheduled investment of the 2.5-year project is 2.3 billion yuan(US$310.7 million), and the Chinese government will grant it 250 million yuan. Dec 05, 2007
-
Developments Surge to US$58 BLN on Australia's Gold Coast
December 5, 2007 -- The Gold Coast is riding a massive A$66 billion (US$58.185 billion) wave of new development, according to research released today. The biennial research, compiled by Colliers International's Gold Coast research analyst Lynda Campbell, shows there has been a staggering 381 per cent increase in development in the region since 2001. Dec 05, 2007
-
Richmond fiber company will expand: Maker of synthetic materials makes deal to acquire more plants
December 4, 2007 -- Performance Fibers Inc., a Richmond-based maker of polyester and synthetic fibers for tires and other products, is expanding its manufacturing base in North America. The company said yesterday that it would acquire the tire cord and polyester industrial filament businesses of Invista, a Wichita, Kan.-based manufacturer of fibers for apparel, carpets and auto products. Dec 04, 2007
-
M'BISHI STEEL TO DOUBLE CAPACITY FOR TURBOCHARGER NOZZLE VANES
December 4, 2007 -- Mitsubishi Steel Mfg Co. (TSE:5632) is to invest roughly 600 million yen (US$5.4 million) to double the production capacity for turbocharger nozzle vanes at its base in Thailand. MSM (Thailand) Co. will install additional lost-wax casters and machining equipment, increasing its output capacity by 35 per cent this fiscal year and doubling it in fiscal 2008 to the level of 2.2 million nozzle vanes a month. Dec 04, 2007
-
ThyssenKrupp expects 200 mln eur launching costs this year for plants
December 4, 2007 -- ThyssenKrupp AG expects for its current business year 2007/2008 launching costs of some 200 mln eur for its steel plants under construction in Brazil and the US, chief executive Ekkehard Schulz said. Dec 04, 2007
-
International Medical Devices PLC - Directorate Change
December 3, 2007 -- Bill McGrath who joined International Medical Devices Plc and was appointed as Chief Operating Officer on November 2nd 2007, has today been appointed Chief Executive Officer. Bill will also continue in the role of Chief Operating Officer. Dec 03, 2007
-
Hyundai ENG'G Wins US$920 MLN Fertilizer Plant Order From Qatar
December 3, 2007 -- South Korea's No. 3 builder Hyundai Engineering & Construction Co. (KSE:000720) said Monday it has received a US$920 million order from Qatar Fertilizer Co. to build three fertilizer plants in southeastern Qatar. Dec 03, 2007
-
Siemens Division Bags US$118 MLN Order From India's Sail
December 3, 2007 -- Siemens Metals Technologies on Friday said it has received an 80 million euro (US$118 million) order from SAIL (BSE:500113) to supply caster's for the modernisation work at the company's IISCO steel plant. The order is for the supply of two new 6-strand billet casters and one new 4-strand bloom-beam-blank combi-caster to be installed at the company's IISCO steel plant in Burnpur, West Bengal, the company said in a release. Dec 03, 2007
|
|
|
|
|
