Lockheed Martin-Led team Lays Keel on nation’s eleventh Littoral Combat Ship Friday, Feb 21, 2014 The Lockheed Martin-led industry team officially laid the keel for the U.S. Navy’s eleventh Littoral Combat Ship (LCS), the ...
Tags: Combat Ship, Gibbs&Cox, LCS 3, MMC
Iron ore supply may exceed demand growth rates in China later in 2014 as the nation has recorded slow steel production rates since the start of the year and is currently operating at an annualized rate of 730 million mt, BHP Billiton CEO ...
Shanxi, China's second largest coal producing province, accounted for more than one quarter of the country's total coal output in 2013, according to the Shanxi Coal Industry Bureau. China produced a total of 3.692 billion mt of coal in ...
Tags: Coal Output, Mineral
According to Shanghai-based Chinese steel giant Baosteel Group, locking shafts for car shock absorbers produced by Shanghai Best Fastening Systems Co. have been approved by Tenneco (Beijing) Ride Control Systems Co. The shafts in question ...
Tags: Wire Rod, Shock-Absorber
Turkish integrated long steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has announced its financial results for 2013, posting a net profit of TRY 100 million ($45.7 million), falling by 48.5 percent compared to ...
Tags: integrated long steel, Mineral
Agropur Cooperative today held its 75th Annual General Assembly with some 600 members, employees, business partners and guests from the Agri-Food industry in attendance, and reported solid financial health and a strong market position, ...
Geothermal energy is set to play a bigger role as the State-owned Sinopec Group makes inroads into the clean fuel's exploration and development through international technological exchanges designed to reduce the country's carbon footprint. ...
Tags: Energy Source, Geothermal energy
China's shale gas industry could soon be entering its boom years. Thanks to the top two oil and gas giants - China National Petroleum Corp and Sinopec Group - the nation's shale gas output soared from 25 million cubic meters in 2012 to ...
Italian plantmaker Danieli has won an order worth$100 million for supply of equipment for new steelmaking facilities to be built in Oman.Renato Pezzano,vice president of Danieli and its sales manager for the Indian market,commented,"This is ...
YRC Worldwide Inc. said it has completed $1.15 billion in new financing, including term and asset-backed loans that will reduce borrowing costs by $40 million to $50 million annually and extend debt maturities to 2019. The $700 million ...
Tags: Transportation
The European Investment Bank (EIB) has loaned Austrian textile company Lezning AG €100 million to help finance research and development (R&D) activities and investment in Tencel fibre production. Lenzing, which specializes in making ...
Tags: cellulose fibers
VF Corp reported revenues rose 8 percent in its fourth quarter to $3.3 billion, compared with the same period of 2012, driven by double-digit growth in its Outdoor & Action Sports, Sportswear, international and direct-to-consumer ...
Tags: Sporting Goods, Recreation
Sales of smartphones in China grew 21.9% sequentially in the fourth quarter of 2013, but the growth rate dropped to 15.9% on an annual basis which indicates the smartphone market in China is becoming more saturated, according to Digitimes ...
Tags: Smartphones, Huawei, Coolpad
With all the buzz around the Internet of Things,it's easy to lose sight of the fact that the electricity grid already operates with millions of connected meters and sensors.Yet writing applications for these programmable machines is too ...
Tags: Silver Springs, Smart Grid
Muscat:Oman s cement companies are likely to benefit from a reduction in dumping by the neighbouring UAE producers and better demand for cement from within the country this year,said a top-level analyst. The Sultanate s two cement ...
Tags: Construction, Omani Cement, Cement