Groupe Michelin has begun steps to close its truck tire plant in Budapest, Hungary. According to Michelin, the closing is necessary "in response to the adverse trends and aggressive competition in the European truck tire market, which ...
Tags: Michelin, Truck Tire
On May 4, 2014, China largest engine maker Weichai Power signed new round of strategic cooperation with China biggest commercial vehicle maker Foton Motors in Foton Daimler heavy truck plant in Huairou, Beijing. According to the ...
Tags: Foton, Heavy Truck, Weichai Engine
Trelleborg's new tire plant will supply ag tires to the original equipment and replacement markets in North America Trelleborg AB says it will build a $50 million radial agricultural tire plant in Spartanburg, S.C. Production is expected ...
Tags: Trelleborg, AG Tire
BASF and SINOPEC will build a new world-scale production plant for Neopentylglycol (NPG) at their state-of-the-art Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China. The plant, with a total annual capacity of about ...
Tags: BASF, polyalcohol
Taiwan citizens could soon see a jump in electricity costs as the country faces energy shortages. Anti-nuclear sentiment is gaining momentum in the country as construction for Taiwan’s controversial fourth nuclear power plants nears ...
Tags: Energy Saving, Electricity Costs
Taiwan LED chip makers expect to benefit from orders from Samsung Electronics and LG Electronics for direct-type LED TVs as of the second quarter of 2014. Despite orders fluctuating from vendors in the China market, the Taiwan makers ...
Major freight logistics operators Asciano and Aurizon, along with the Australian Rail Track Corporation (ARTC) and the Australasian Railway Association (ARA), are calling on the Council of Australian Governments (COAG) to commit to ...
Tags: Service, freight logistics, logistics
U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil, and most of the world’s other major economies. So says a new private study, which found that rising wages and higher ...
Tags: Chinese electricity
"We are now significantly putting the flag on the Chinese market and in the society." LEGO is 'making a strong play' for the Chinese market following the construction of a new factory in Zhejiang. The South China Morning Post reports ...
Today, Clearwater announced plans to position the company for accelerated growth and profitability both organically and through future acquisitions. Over the past four years Clearwater has enjoyed strong momentum and sustained growth ...
Tags: Agriculture, Food
ZJNAC, the most influential supplier and distributor of garments, fashion accessories, food, home textiles, and security products attended the 115th Canton Fair which kicked off on April 15. The company attended the three phases of the ...
Tags: Textile, Garments Products
DENSO Corp. posted net income of 287.4 billion yen on net sales of 4.1 trillion yen for its fiscal year ended March 31, 2014. That compares to income of 181.7 billion yen on sales of nearly 3.6 trillion yen for the previous year. Based on ...
Tags: Electrical, Electronics
US-based auto components supplier Modine Manufacturing is planning to shut down its manufacturing plant in McHenry, Illinois. The move, which would result in loss of about 135 full-time employees, is part of Modine's proactive plan to ...
Tags: Automotive Parts, auto components
Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) has announced that NS BlueScope Thailand, part of NS BlueScope Coated Products, a joint venture between NSSMC and Australia-based BlueScope Steel Limited, has decided to ...
Eight billion people will use smartphones and 100 billion terminals will be interconnected via the internet by 2025, according to Chinese ICT multinational Huawei. This is an eight-fold increase in the number of smartphone users – ...
Tags: Computer Products, Huawei, Smartphone