More than 24 million vehicles will be sold this year in the world's largest auto market, the China Association of Automobile Manufacturers (CAAM) has forecast. China's vehicle output is also expected to top 24 million units this year, ...
Tags: vehicles, auto market
Vietnam and India have identified garments and textiles as one of the important areas of potential growth in bilateral trade. On the occasion of a State visit to Vietnam by Indian President Pranab Mukherjee, both nations issued a joint ...
As the development pace is slowing down in China, BAIC Foton is exploring overseas markets, and it is learned from Foton Daimler that their first overseas plant will be built in India in the end of this year, and then they will explore ...
Tags: Foton, Overseas, Transportation
Michelman has appointed Jeff Rodgers the company’s new CFO. Rodgers has assumed responsibility for Michelman’s global financial management. According to Mr. Steve Shifman, President and CEO at Michelman, “Our Company is ...
Tags: Michelman
Asian Paints has announced its financial results for the first quarter ended June 30, 2014. "The Decorative business registered double digit growth during the quarter with good growth across geographies. The Automotive coatings JV ...
Tags: Asian, Financial Results, Decoration
Olayan Financing Company (OFC) has bought 51% stake in juice and beverage manufacturing firm Gulf Union Foods (GUFC) from a group of investors including Jadwa Investment. As part of the transaction, Jadwa has divested 30% stake in Gulf ...
Tags: OFC, Jadwa Investment, Agriculture
Volkswagen is set to establish two new vehicle plants in China with an investment of €2bn, strengthening its production capabilities in the Asian country. The company said that it is engaging in a further substantial expansion of ...
Dutch brewing company Heineken is set to open a new brewery in Addis Ababa, Ethiopia, in a move to expand its presence in Africa. The proposed brewery will be opened in July this year, with a capacity to brew 1.5 million hectoliters of ...
Tags: Heineken, raw materials
China natural gas markets are rather hot in the first quarter, continuing the optimistic markets since last quarter last year. And Sinotruk delivered quite a few orders in March and they delivered 30 HOWO-A7 natural gas trucks to Lionbridge ...
Tags: Sinotruk, Natural Gas Trucks
US-based First Solar delivered on expectations in 2013 to become the leading engineering, procurement and construction (EPC) company in the global photovoltaic (PV) industry, even though it is likely to be surpassed in 2014 by China-based ...
"Clariant had a promising start to the year with good volume growth and an increase in operating profitability," said CEO Hariolf Kottmann. "Overall, our businesses performed well in an improving but still mixed economic environment. The ...
Tags: Construction, Decoration, economy
The World Bank has called on Bangladesh to raise domestic natural gas prices after five years without an increase. "The administered price of domestically produced natural gas is fixed at a level considerably below that of the ...
Tags: Natural Gas, Domestic Prices
American automaker General Motors (GM) will expand its presence in China with investments of $12bn between 2014 and 2017 through its domestic joint ventures. The investments will be used to open five new manufacturing facilities by ...
Tags: General Motors, Chinese Market
In the 165th year of its history, Freudenberg, the internationally active family company, was more successful than ever before. In the 2013 financial year, the technology group reported record sales for the fourth year in succession, on the ...
Tags: Nonwovens, Freudenberg
Miner BHP Billiton expects India to lead future demand growth for coking coal, as Chinese imports steady while global competition from suppliers in Australia, Russia and North America intensifies. The world's biggest seaborne coking coal ...
Tags: Coal Demand, coking coal, coking coal miner