Asia Economy news, Markets and Business Trends - Made-in-China.com

The State Is Likely to Get 100 MW of Capacity From Sterlite Industries

Jan 6, 2013

In the power starved state of Tamil Nadu any addition to electricity generation capacity, howsoever small, helps. In a few months, the State is likely to get 100 MW of capacity from Sterlite Industries. The company part of the Vedanta ...

Tags: Tamil Nadu, electricity generation capacity, Sterlite Industries, India

A Cambodian Company and a Chinese Firm on Monday Signed a Memorandum of Understanding

Jan 6, 2013

Xinhua reported that a Cambodian company and a Chinese firm on Monday signed a Memorandum of Understanding in order to build a railway and a seaport in Cambodia to serve iron and steel mining industry. The deal was inked between Zhang ...

Tags: Cambodia, railway, iron, steel mining

UAE Attaches Special Attention to Activity of Electricity, Water, Gas and Waste Management

Jan 6, 2013

Gulf News reported that the UAE Government attaches special attention to the activity of electricity, water, gas and waste management, as a supporting activity for all other economic activities. This activity witnessed remarkable ...

Tags: UAE Government, electricity, water, gas, waste management

Saudi Arabia Has Set a Record State Budget for Next Year

Jan 6, 2013

Reuters reported that Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab ...

Tags: audi Arabia, oil prices, oil market, infrastructure projects

Iran Inaugurated a Large Petrochemical Complex

Jan 5, 2013

Tehran Times reported that Iran inaugurated a large petrochemical complex, with a projected annual output of 300,000 tonnes of high density polyethylene, in the western province of Kermanshah on Tuesday. The report said that the ...

Tags: Metallurgy, Mineral, Energy, petrochemical complex

Commodities Have Experienced a Renaissance After The Bursting of The Internet Bubble

Jan 5, 2013

“The most valuable commodity I know of is information.” (Gordon Gecko in “Wall Street” by Oliver Stone) Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the ...

Tags: Commodities, Metallurgy, Mineral

Massive Modernization and Expansion Plans Have Already Been Launched

Jan 5, 2013

Massive modernization and expansion plans have already been launched in Steel Authority of India Limited and Rashtriya Ispat Nigam Limited for increasing the steel making capacity from 12.4 million tonne to 20.2 million tonne and from 3.0 ...

Tags: Steel Authority of India Limited, Rashtriya Ispat Nigam Limited

Members of The Kent Team Were Over The Moon Last Night

Jan 5, 2013

Members of the Kent team were over the moon last night as MD,Ann O'Brien gratefully picked up 2 of these prestigious awards.The awards which were hosted by The Irish Exporters Association took place at University College Dublin where,Shane ...

Tags: Manufacturing, Exporter, Stainless

Iron and Steel,Inventory of The Main Finished Steel Products in 26 Major Steel Market

Jan 5, 2013

According to the China Iron and Steel Association, as of December 28 this year, inventory of the main finished steel products (plate, hot rolled coil, cold rolled coil, rebar and wire rod) in 26 major steel markets in China totaled 11.88 ...

Tags: China Iron and Steel Association, steel products, rolled coil, rebar

Growth Rate of 8 Core Sector Industries Declined to 1.8% in November

Jan 5, 2013

Business Line reported that growth rate of 8 core sector industries declined to 1.8% in November, from 7.8% in the same month last year, due to drop in production of coal, natural gas and cement. The 8 core sector industries had registered ...

Tags: coal, natural gas, cement, growth rate

China Imported 475,700 Tonnes of Stainless Steel Plate in The First Eleven Months of 2012

Jan 5, 2013

According to statistics from China Customs,China imported 475,700 tonnes of stainless steel plate in the first eleven months of 2012,a decrement of 188,900 tonnes from the counterpart period of 2011,or down 28.42 percent;the exports in the ...

Tags: China, Stainless Steel, Import

Workers at The Main Units of Southern Copper in Peru Will Hold Contract

Jan 5, 2013

Reuters reported that workers at the main units of Southern Copper in Peru will hold contract talks soon with the global copper producer but say they could strike after January 15 if negotiations break down. Union leader Ricardo ...

Tags: Peru, Southern, Copper Union

Tepid Sales Continued to Remain a Concern for Most Manufacturers

Jan 5, 2013

Business Standard reported that tepid sales, despite record discounts and introduction of new models, continued to remain a concern for most manufacturers in the domestic automobile industry with seven of the country’s major ...

Tags: Sputter, Car Sales, Transportation

Ashok Leyland's Total Sales in December Declined 19% YoY to 7,299 Units Amid

Jan 5, 2013

Commercial vehicle maker Ashok Leyland's total sales in December declined 19%YoY to 7,299 units amid continued sluggish demand for medium and heavy trucks. Sales of its small truck Dost accelerated 88%to 2,069 units,last ...

Tags: Ashok Leyland, Sales, Commercial vehicle

Global Stock Markets Surged Almost 2.0%

Jan 5, 2013

Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...

Tags: Saudi Market, Rallies, Fiscal Deal