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Globaline
AMT compiles information and data on your customers and competitors. Covering North America, Central & South America, Asia and Europe, Globaline keeps you informed of the latest developments and future trends that impact capital spending plans in the automotive, aerospace, household appliance, medical equipment, construction/agriculture, and metalworking industries. Available only to AMT members.
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Peugeot Shortlists Romania For New Engine Plant
Published: 10/10/08 Publication: Emerging Europe Automotive Insights
French auto manufacturer Peugeot Citroen PSA has confirmed that it is currently considering the possibility of setting up a new engine plant in Romania. Romania is now one of the potential sites - including Poland, Turkey and Ukraine - that the carmaker is looking at for the establishment of its new engine factory.
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WORK STARTS ON AUTOMOBILE COMPONENT FACTORY IN VIETNAM
Published: 10/9/08 Publication: Asia Pulse
NICHIRIN Vietnam Co, Ltd started work on the construction of a factory making automobile and motorcycle components in Quang Chau industrial zone in northern Bac Giang province on October 7. The $8US million factory will specialise in automotive hoses including brake, air-conditioning, and power steering hoses. When completed in mid-2009, the factory is expected to bring working opportunities for hundreds of local labourers. NICHIRIN is a leading company in Japan's automotive hose industry. (VNA)
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Honda Begins Mass Production of Civic Sedans in Indiana
Published: 10/9/08 Publication: Business Wire
Honda Manufacturing of Indiana, LLC today began mass production1of the fuel-efficient, 4-cylinder Honda Civic sedan at its new facility in Greensburg, Indiana. The $550 million facility will ultimately produce 200,000 vehicles, and employ 2,000 associates at full capacity.
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Jump Starting Electric Car Production
Published: 10/8/08 Publication: Industry Week
Will electric cars ever get up to speed in the United States? Several moves over the past summer point toward progress in that direction. Two manufacturers have announced plans to build new production facilities in the United States, while General Motors Corp. says the Chevy Volt is on track to hit the market by 2010. If all goes as planned, thousands of jobs could be created by the recent activities, including up to 4,000 in Kentucky where Integrity Manufacturing LLC plans to build electric cars for Santa Rosa, Calif.-based ZAP, according to Kentucky's Economic Development department. Changes in the U.S. economy coupled with high fuel prices and government-provided incentives are the main drivers for much of this activity.
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Witte Takes Car Parts To Bulgaria
Published: 10/8/08 Publication: Emerging Europe Automotive Insights
German vehicle access systems manufacturer Witte Automotive has announced plans to pour investments worth BGN21mn (EUR10.8mn) in building a car parts factory in Rousse, Bulgaria. The project will be undertaken by the company's Bulgarian subsidiary, Witte Automotive Bulgaria, which was registered in August this year.
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JCI starts construction of plant in Georgia
Published: 10/7/08 Publication: Auto Business News
Johnson Controls Incorporated (JCI), an auto parts supplier, has started construction of its automotive interior components manufacturing plant in West Point, Georgia. The company is investing USD15m in the project. It has completed site preparation, and construction will begin next week. The facility covers a 130,000-square-foot area on 20 acres of land. It will manufacture seat systems and door panels for Kia vehicles. [Editorial queries for this story should be sent to abn@enpublishing.co.uk]
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VW to roll out passenger cars from Pune plant six months ahead of schedule
Published: 10/7/08 Publication: Auto Business News
Volkswagen AG (VW) (Xetra: VW), a Germany-based automaker, is rolling out passenger cars from its greenfield plant in Pune six months ahead of schedule, according to the head of the German state of Lower Saxony, Christian Wulff. The company is investing USD300m over a 500 acre site at Chakan near Pune. The plant will be operational in 2009 and manufacture small cars. According to Wulff, 'We had a great experience as far as India is concerned. The new plant in Pune is coming up six months earlier than its plan.' [Editorial queries for this story should be sent to abn@enpublishing.co.uk]
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AMD and Advanced Technology Investment Company of Abu Dhabi to Create New Leading-Edge Semiconductor Manufacturing Company
Published: 10/7/08 Publication: Emirates News Agency
WAM NEW YORK, Oct. 7th, 2008: AMD [NYSE: AMD] and the Advanced Technology Investment Company (ATIC) of Abu Dhabi today announced the creation of a U.S.-headquartered, leading-edge semiconductor manufacturing company to address growing demand for independent, leading-edge foundry production capabilities. The new global company, to be temporarily called "The Foundry Company", will serve this need by combining advanced process technology, industry-leading manufacturing facilities and aggressive plans to expand its global capacity footprint. At the same time, the Mubadala Development Company will increase its current investment in AMD to 19.3 percent on a fully diluted basis. AMD will contribute to The Foundry Company its manufacturing facilities, including two fabrication facilities in Dresden, Germany, as well as related assets and intellectual property rights. ATIC will invest $2.1 billion to purchase its stake in The Foundry Company, of which it will invest $1.4 billion directly in th
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China's ZTE confirms to invest 6 bln yuan in Xian research, production center
Published: 10/7/08 Publication: Xinhua Financial Network News
BEIJING (XFN-ASIA) - ZTE Corp (SZA 000063; HK 0763) confirmed media reports that it has signed an agreement with the government of Xian to invest about 6 bln yuan to build a research center and manufacturing plant in the city's high-technology industrial park.
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Chrysler Seeks Partners In Russia
Published: 10/6/08 Publication: Emerging Europe Automotive Insights
US auto manufacturer Chrysler is reported to be in discussions with a prospective partner for setting up a manufacturing unit in Russia. The move comes in light of the international expansion strategy of the car maker, which has seen rapid sales growth in the Russian market.
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AVTOVAZ BUYING UP AUTO COMPONENT PRODUCERS; The auto components holding company being established by AvtoVAZ, Russian Technologies, and Troika Dialog is negotiating with SOK Group to buy its auto parts producers. SOK Group may be left with its dealer bus
Published: 10/6/08 Publication: The Russian Business Monitor (Russia)
Vladimir Avetisian, chief executive of United Automobile Technologies (OAT), has announced that OAT is negotiating to buy SOK Group's auto components business. According to Avetisian, the due diligence process may start in six weeks to two months; OAT is currently studying an investment memorandum prepared by SOK. OAT is interested in eight enterprises out of SOK Group's components business: Avtosvet, Osvar, Belzan, Schetmash, Vasinterservice, Komplekt-LTD, Rosavtoplast, and Motor-Super. Presumably, the money to buy these assets would come from investors assembled by OAT stakeholder Troika Dialog. "We have not yet determined the asset value, but should have an impression of it within the next few days," said Avetisian.
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Poland: ZZM to invest Zl 60mn in factory expansion
Published: 10/6/08 Publication: Puls Biznesu
ABSTRACT Polish mining equipment producer Zabrzanskie Zaklady Mechaniczne (ZZM), part of the Kopex group, has announced that it will invest over Zl 60mn (US$ 26.25mn EUR 18.22mn) in the extension of its factory in the Katowice special economic area. The factory produces longwall shearer-loaders, and is the largest producer of these machines in the world. The extension of the factory will mean the employment of 100 new staff, which will take the company's workforce to over 900.
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Spirit AeroSystems Selected to Design and Build Wing for New Gulfstream G250 Super Mid-Size Business Jet
Published: 10/6/08 Publication: PR Newswire
WICHITA, Kan., Oct. 6 /PRNewswire-FirstCall/ -- Spirit AeroSystems, Inc.(NYSE:SPR), the world's largest independent supplier of commercial airplane assemblies and components, today announced that it will design and build the wing for the new Gulfstream G250 super mid-size business jet. Spirit will design and produce the wing at its Tulsa, Okla., facility and ship it to Israel Aerospace Industries for incorporation with the rest of the airframe. "We are extremely proud to provide another flight-ready wing for Gulfstream," said Don Carlisle, Vice President and General Manager of Spirit's Tulsa Division. "We are looking forward to bringing more than 45 years of experience designing and manufacturing wing structures to the program."
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'No' vote will cost jobs
Published: 10/3/08 Publication: Concord Monitor (New Hampshire)
New car sales, down 27 percent nationally over last September, are expected to decline even further this month. That's one of the reasons Freudenberg NOK, a joint venture of German and Japanese companies, announced the closing of its Laconia plant this week. The decision will cost that city 130 jobs.
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M'BISHI HEAVY WINS BID FOR MIAMI AIRPORT TRANSIT SYSTEM
Published: 10/3/08 Publication: Asia Pulse
Mitsubishi Heavy Industries Ltd. (TSE:7011) said Thursday that it has won an order to build a driverles`s people mover system at Miami International Airport together with two U.S. firms for about 27.4 billion yen ($260US.7 million).
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Thursday's News - DENSO, Hyundai, Honda
October 2, 2008 -- DENSO to Build New Test Facility for Diesel Common Rail Systems in Japan; Hyundai Targets Production of 150,000 upa in Russia from 2012; Paris Motor Show 2008: Honda to Build Jazz in U.K. from 2009
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DENSO to Build New Test Facility for Diesel Common Rail Systems in Japan
Published: 10/2/08 Publication: PR Newswire
KARIYA, Japan, Oct. 2 /PRNewswire/ -- DENSO Corporation announced today that it will build a new test facility at its Zenmyo Plant located in Nishio, Aichi, Japan for testing common rail systems-fuel injection systems for diesel vehicles. With a total investment of approximately 8 billion yen (approximately US$77.2 million*), construction is scheduled to start in May 2009 and be completed in March 2010. The new facility is set to begin operations in April 2010.
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Hyundai Targets Production of 150,000 upa in Russia from 2012
Published: 10/2/08 Publication: Global Insight
Hyundai is targeting annual production of 150,000 passenger cars at its new Russian production facility, which is due to come on stream fully in 2012. According to Reuters, the company made the pledge in a statement from the company's Chairman Chung Mong-koo, who has just visited the site of the new plant which is currently under construction in St Petersburg. In the statement Chung said, "High oil prices and the financial crisis have been denting the global automobile market, but we will keep plant operations in the Czech Republic and Slovakia stable and boost sales of strategic models, including Cee'd and i30." The latter model is likely to be manufactured at the new plant, along with the new B-segment i20, which has been unveiled at this week's Paris Motor Show.
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Paris Motor Show 2008: Honda to Build Jazz in U.K. from 2009
Published: 10/2/08 Publication: Global Insight
Honda's CEO, Takeo Fukui, announced at the unveiling of the next generation Jazz (Fit) model in Paris, that it will manufacture the new car at its plant in Swindon, united Kingdom in order to meet growing demand for fuel efficient cars in Europe. Fukui also unveiled the new Insight hybrid-only model, saying its 1.3-litre engine would achieve similar fuel efficiency to the Civic hybrid but at a "significantly reduced price."
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