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

BMW AG Auto Sales in China Rose 62.3% to 31,090 Units

Dec 25, 2012

China Knowledge reported that BMW AG the world's largest premium car maker, has said its auto sales in China rose 62.3% YoY to 31,090 units last month. Last month, sales of BMW brand cars grew 62% YoY to about 29,000 units, and sales of ...

Tags: BMW AG, BMW brand cars, Mini brand vehicles, BMW X1 and BMW 3 series

The Saudi Arabian Mining Company Signed a SAR 9 Billion Murabaha Islamic Loan Deal

Dec 25, 2012

According to an announcement posted on Tadawul, the Saudi Arabian Mining Company has signed a SAR 9 billion murabaha Islamic loan deal for a period of five years with a number of banks,. The report said that the company decided to ...

Tags: Saudi Arabian Mining Company, loan deal, financial flexibility

Japan's Aluminium Premiums for January to March Shipments Declined

Dec 25, 2012

Reuters reported that Japan's aluminium premiums for January to March shipments were mostly set at USD 240 to USD 245 per tonne, down from a record in the current quarter, reflecting easing demand as the world's third largest economy slips ...

Tags: Japan, aluminium premiums, economy, aluminium demand

The World's Cheapest Car The TATA Nano Is Being Refreshed to Realize Its Full Potential

Dec 25, 2012

PIT cited Mr Ratan Tata chairman of TATA Group as saying that the world's cheapest car the TATA Nano is being refreshed to realize its full potential. Mr Tata said that "We were not prepared to market the car as we should have. I think ...

Tags: TATA Nano, TATA Group, people's car, dealership network

TATA Power Has Proposed Modernization of Its 500 MW Unit 6

Dec 25, 2012

TATA Power, India's largest integrated power player has proposed modernization of its 500 MW Unit 6 at Trombay Thermal Power Station. Currently, Unit 6 at Trombay can operate only on oil and gas. The modernization plan includes addition ...

Tags: TATA Power, oil and gas, coal firing equipment, continued power supply

A MoU Was Signed Between Rinl and Indian Railways for Railways

Dec 25, 2012

A MoU was signed between Rashtriya Ispat Nigam Limited and the Indian Railways in the presence of steel minister Mr Beni Prasad Verma and minister for railways Mr Pawan Kumar Bansal in New Delhi The MoU was signed by Mr Keshav Chandra ...

Tags: MoU, Indian Railways, railway infrastructure, steel

Disinvestment of Government's Shares in Steel Authority of Ltd May Take Place in February

Dec 25, 2012

Business Line reported that disinvestment of government’s shares in Steel Authority of India Ltd may take place in February. However, there is still no clarity on sell off of another steel company, Rashtriya Ispat Nigam Ltd. A ...

Tags: Business Line, Steel Authority of India, steel market, steel industry

Iranian and Russian Plan to Launch Railway Lines in Northern and Northeastern Iran

Dec 25, 2012

MNA reported that Iranian and Russian railway companies are discussing plans to cooperate in launching a project for electrifying Garmsar to Gorgan and Tehran to Mashhad railway lines in Northern and Northeastern Iran. Mr Abbas Nazari ...

Tags: railway line, construction of the railway, Mr Abbas Nazari

Chongqing Steel Purchase of 1 Million Tonne of Shipbuilding Steel in 2013

Dec 25, 2012

SteelOrbis reported that Chinese state owned shipbuilding conglomerate China State Shipbuilding Corporation has signed an agreement with Chongqing based Chinese steelmaker Chongqing Iron and Steel Co for the purchase of 1 million tonne of ...

Tags: Steel Pipe, Stainless Steel, Steel Tube, Scrap Steel

Rashtriya Ispat Nigam Limited Has Contracted SMS Siemag of Germany

Dec 25, 2012

Rashtriya Ispat Nigam Limited has contracted SMS Siemag of Germany, as the leader of a consortium for the modernization and expansion of their converter shop No 1 in Visakhapatnam. The aim is to increase annual production from 3.2 million ...

Tags: vRashtriya Ispat Nigam Limited, SMS Siemag, steel, dedusting system

PT Gunung Has Awarded an Order to SMS Siemag

Dec 25, 2012

PT Gunung (Gunung Steel Group), Indonesia, has awarded an order to SMS Siemag, Germany, for the planning and supply of a gas cleaning system for an ARCCESS ® electric arc furnace and has thus decided in favor of a tailor-made ...

Tags: SMS Siemag, X-Pact electrical and automation package, dust-laden gases

India Infrastructure Finance Company Awaits to Launch The Credit Enhancement Scheme

Dec 25, 2012

Business Line reported that India Infrastructure Finance Company Ltd awaits final nod to launch the credit enhancement scheme next month. It is also seeking a bigger role in lending to the country's renewable energy sector. Mr Harsh Kumar ...

Tags: Renewable Energy, Investment Fund, Infrastructure, Finance Company

Salzgitter AG Has Today Launched Its New CR Portal

Dec 25, 2012

Salzgitter AG has today launched its new CR portal which provides detailed information on the issue of sustainability within the Group. Key topics are environment and energy, as well as employees and society. The commitment and the progress ...

Tags: Salzgitter AG, environment and energy

JSW Steel Limited Is Likely to Take Further Cuts in Steel Production

Dec 25, 2012

Business Standard reported that JSW Steel Limited is likely to take further cuts in steel production if the iron ore supply situation does not improve in the next one month. As per report,JSW is currently working with an inventory ...

Tags: JSW Steel, Iron Ore, Production

Mechel Announces The Disposal of 100% of The Shares of Toplofikatsia Rousse EAD

Dec 25, 2012

Mechel OAO one of the leading Russian mining and metals companies, announces the disposal of 100% of the shares of Toplofikatsia Rousse EAD (TPP Rousse, Bulgaria). Mechel OAO announces that it has signed an agreement for the disposal of ...

Tags: Mechel OAO, metallurgical coal producer, Toplofikatsia Rousse EAD