Industry & Market
Industry & Market
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China Spot Alumina Price Firmed Another Yuan 20/Mt
Aug 29, 2014The Platts China spot alumina price ex-works Henan basis firmed another Yuan 20/mt ($3.24) Thursday to settle at Yuan 2,510/mt for 70:30 cash and credit payment terms, after rising Yuan 20/mt Wednesday from Yuan 2,470/mt Tuesday. Prices ...
Tags: Spot Alumina, Alumina, Metallurgy
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CB&I's OCT Has Been Chosen by China's Shenhua Ningxia Coal Industry Group
Aug 29, 2014NYSE-listed CB&I’s proprietary Olefins Conversion Technology (OCT) has been chosen by China’s Shenhua Ningxia Coal Industry Group Co. Ltd to set up a petrochemical plant which will produce polymer grade propylene. CB&I said it ...
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Container Ships From China Are Diverting Through Canadian Ports
Aug 28, 2014PRINCE RUPERT, BC — Container ships from China, bound for the U.S., are diverting through Canadian ports to avoid delays from a looming strike at U.S. West Coast ports. According to Bloomberg, Prince Rupert and Vancouver ports have ...
Tags: Container Ships, Canadian Ports, Auto Parts
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Cooper Tire and Rubber Reports Fair Market Value for Plant to Be US$440 Million
Aug 28, 2014Cooper Tire and Rubber Co. reports the fair market value for its Chinese plant to be US $440 million at the current exchange rate. The valuation of Cooper Chengshan (Shandong) Tire Company Ltd. (CCT) was completed by an independent firm ...
Tags: Cooper Tire, plant, Auto Parts
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Cree to Invest $83m to Purchase 83 Million Lextar Shares at a Price of NT$30 Per Share
Aug 28, 2014Lextar Electronics Corp of Hsinchu Science Park, Taiwan (a vertically integrated manufacturer of high-brightness LED epitaxy, chips and packages, as well as smart lighting products) and LED chip, lamp and lighting fixture maker Cree Inc of ...
Tags: Cree, Taiwanese LED Maker Lextar, Electrical
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Use of Sapphire to Make Covers for The Home Button and Camera of The iPhone 5
Aug 28, 2014Following the use of sapphire to make covers for the home button and camera of the iPhone 5, China- and South Korea-based smartphone vendors are considering the adoption of sapphire, and therefore the application in smartphones is likely to ...
Tags: Use of Sapphire, Take off, Lights
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China Is Planning to Invest $16bn to Build More Electric Charging Facilities
Aug 28, 2014China is planning to invest $16bn to build more electric charging facilities, in order to boost the use of electric- vehicles in the country. China is becoming one of the most polluted countries in the world as it is one of the world's ...
Tags: China, Investment, Auto Parts
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Shagang Co. Has Stated That in The First Half of The Current Year
Aug 28, 2014Jiangsu Province-based Chinese steelmaker Shagang Co. has stated that in the first half of the current year it achieved an operating revenue of RMB 5.302 billion ($0.86 billion), up 2.75 percent year on year, while it recorded a net profit ...
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Taiwan's Industrial Production Index in July This Year Increased by 6.08 Percent
Aug 28, 2014Taiwan's industrial production index in July this year increased by 6.08 percent as compared to July 2013 and was up 4.03 percent month on month, according to the country's Ministry of Economic Affairs (MOEA). Meanwhile, Taiwan's seasonally ...
Tags: Taiwan, Production Index, Energy
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Inventory of Iron Ore at 33 Major Chinese Ports Amounted to 109.34 Million Mt
Aug 28, 2014As of August 25, inventory of iron ore at 33 major Chinese ports amounted to 109.34 million mt, up 0.54 million mt or 0.5 percent week on week, as announced by China's Xinhua News Agency on August 26. As of the same date, the Xinhua-China ...
Tags: Iron Ore Inventory, Chinese Ports, Energy
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Sinotruk HOWO Light Truck Introduction Meeting Was Held in Xi'an on August 22, 2014
Aug 28, 2014Sinotruk HOWO light truck introduction meeting was held in Xi'an on August 22, 2014. The key products are high end Tongshuai light trucks and medium hanjiang light trucks. Navistar, Wuxi Diesel engines, ISUZU, Chaoyang diesel engines, ...
Tags: Sinotruk HOWO Light, Exhibition, Auto Parts
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Sinotruk Signed Strategic Agreement of Sinosure Shandong Branch on August 21
Aug 28, 2014Sinotruk signed strategic agreement of Sinosure Shandong branch on August 21. And senior management of both parts joined the ceremony. Sinotruk is one of the earliest China Company to develop and produce heavy-duty vehicles and they are ...
Tags: Sinotruk, Agreement, Auto Parts
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Picanol Group Saw Its Revenue Plunge 28% Year-on-Year in The First Six Months of 2014
Aug 28, 2014Belgium-based Picanol Group, which is celebrating its 50th anniversary in China, saw its revenue plunge 28% year-on-year in the first six months of 2014, in what it called a significant slowdown period. Picanol reported sales of Euro ...
Tags: Sales, Picanol Group, Textile
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Fonterra Plans to Acquire 20% Stake in One of China's Biggest Milk Processors, Beingmate
Aug 28, 2014Fonterra plans to acquire 20% stake in one of China's biggest milk processors, Beingmate, to form a global partnership with a total investment of $615m, which would help meet China's growing demand for infant formula. The partnership ...
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Fund Set up to Support Development of IC Industry
Aug 28, 2014The CNY120 billion (US$19.5 billion) investment fund set up by the China government in 2014 to support development of its IC industry reportedly has begun looking for investment targets, according to industry sources. China-based chip ...
Tags: IC Industry, 4G Chip, IC
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