MTU Friedrichshafen, a subsidiary of Rolls-Royce and Chinese company Guangxi Yuchai Machinery have started a joint venture. Each company will invest an amount of 75m RMB (around 10.5m Euro). Under the licence from MTU, of MTU diesel ...
Tags: Rolls-Royce, MTU Engines
As a key integral of automated logistics system, automated logistics equipment mainly includes AGVs, forklifts, automated stereo warehouse, automated conveyors and sorters, etc. In 2015, the market size of automated logistics system in ...
China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...
Tags: independent refiners, gasoline
Xiaomi fell out of the top-2 smartphone vendors in China in the fourth quarter of 2015, but remained the region's top smartphone vendor in all of the year. According to IDC, Xiaomi continued to rank as the top smartphone vendor in the ...
Tags: Xiaomi, Huawei, smartphone
The exporting volume of special-purpose trucks was 17,116 sets in 2015, according to the statistics. The increasing scale was down compared with the same period of last year. The exporting volume of special-purpose trucks increased by 1.28% ...
Tags: special-purpose trucks, Trucks
Broadband wireless and wireline communications component maker Anadigics Inc of Warren, NJ, USA says that on 16 February the competing bidder designated 'Party B' delivered a further set of amendments to its latest proposal (made on 1 ...
The British luxury automaker has formed a joint venture with Chinese technology company LeEco to produce an electric car to be marketed by 2018. The joint venture is reportedly working to bring an electric car based on Aston Martin's ...
Tags: Aston Martin, LeEco, Electric Car
Cold medicine, sanitary pads, silk stockings, condoms and other daily necessities ranked high on Chinese people's overseas shopping list during the country's Lunar New Year when an estimated 6 million Chinese spent a record 90 billion yuan ...
Tags: Cold medicine, sanitary pads
Apple, partnering with Chinese bankcard association UnionPay, launched its mobile payment system Apple Pay on Thursday in China, one of the world's largest mobile-payment markets -- but one already dominated by local players like Alibaba ...
Standard & Poor’s Ratings Services has explored the 2016 outlook for the global shipping industry and believes that global shipping companies, and drybulk and containership operators in particular, will continue to face difficult ...
Tags: Shipping Industry, drybulk
Infant formula sales have grown by 30 per cent in the past year according to Dairy Australia’s new Situation and Outlook report released today. The growth in formula sales is the highlight of the report which otherwise reflects an ...
Tags: Infant formula, Milk
UK's natural spring water company Montgomery Waters has invested in second PET bottling line from liquid packaging solutions provider Sidel. Sidel's complete line includes compact blow-fill-cap Combi solution featuring a Sidel Matrix ...
Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
Chinese tourists comprised the major consumption force in overseas markets during the seven-day Spring Festival holiday starting from Feb. 7. Chinese purchasing made up 55.8 percent of overseas consumption in the period, reflecting a new ...
Tourism revenue in Beijing rose 2.9 percent year on year during the week-long Spring Festival holiday, according to the municipal tourism commission. Tourism revenue reached 4.92 billion yuan (753 million U.S. dollars) during the holiday, ...