Diagnostic cardiology provider GE Healthcare has plans to invest $8.7m (KRW10bn) to boost the production capacity of ultrasound systems by double in South Korea. As part of this strategy, by February, 2014, GE Ultrasound, a unit of GE ...
Tags: GE Healthcare, Ultrasound System
The spot market for Asian isomer-grade mixed xylenes is likely to shrink to a third of its current size next year as a major spot seller diverts a large chunk of its product into making paraxylene, market sources said Thursday. "The ...
Tags: Chemicals, spot market
In 2012, world stainless crude steel output stood at 35.4 million mt, up 5.2 percent year on year, hitting a new record for a single year, according to the preliminary report released by the International Stainless Steel Forum (ISSF). ...
Tags: raw mat, stainless, China, Europe, production, steelmaking, Istanbul
A spike in Japan's thermal coal imports in April was more a short-term push to accommodate new coal-fired power generation capacity coming online rather than any sign of a sustained long-term trend, according to a report by Macquarie ...
Tags: New Capacity, Thermal Coal Import
Saudi Aramco boosted its crude production to a record 9.506 million b/d in 2012, excluding blended natural gas liquids, up 5% from 9.068 million b/d in 2011, the company said in its latest annual report. "During 2012 at Saudi Aramco, we ...
Tags: Saudi Aramco, Crude Output
The location and nature of the Scarborough natural gas field off Western Australia mean the project will be "very challenged from a cost point of view," Mark Nolan, ExxonMobil's vice president for Middle East and Australia, said Monday. ...
Tags: Chemicals
Netherlands-based financial conglomerate ING has received offers for its South Korean life insurance business from a Korean life insurer and two Seoul-based private-equity firms. The three bidders include Kyobo Life Insurance Co and ...
Tags: ING, Bids, Insurer Business
The European Commission has approved Gilead Sciences' Stribild for marketing as the single tablet regimen for HIV-1 treatment in all 27 countries of the European Union. Four of the Gilead's compounds elvitegravir 150mg, cobicistat 150mg, ...
Despite mature technology and better cost structures, production forecasts for electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs) are gloomy. That is the conclusion of the latest E-mobility Index by Roland Berger Strategy ...
Tags: Electric Cars, Transportation
Despite the increasing production cost and shift in orders by global apparel and textile buyers from China to other Asian countries, several global clothing and textile brands are still sourcing major portion of their clothing from China. ...
Tags: Textile, Apparel and Clothing
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported Thursday that the US imported a total of 2,680,000 net tons (nt) of steel in April, including 2,087,000 net tons (nt) of finished steel (up 4 ...
Tags: wire rod, pipe, plate, galvanized, coated, longs, flats, tubular, USA
SOUTH Korea's Samsung Electronics said its latest flagship Galaxy S4 handset had become its fastest selling phone, passing the 10-million sales mark following its April 26 launch. It's predecessor, the S3, took 50 days to reach the same ...
Tags: Samsung, Smartphones
Reportedly, Posco is largest steelmaker in South Korea, planned to develop a new 300,000 metric ton/year cold-rolle non-grain-oriented electrical steel sheet plant at Vile Bhagad in the Raigarh district of western India's Maharashtra state. ...
Tags: Construction, Metallurgy, Mineral, Energy
The American Iron and Steel Institute (AISI) reported on Thursday that for this year, the US imported 10,375,000 net tons of steel, down by 12% compared to the same period last year. Of the 10 million total steel imports, 8,178,000 net tons ...
Tags: Steel, Construction
Europe may levy anti-dumping tariffs on China-made solar products. This will increase the prices of China-made solar products in Europe. To retaliate, China will likely impose tariffs on Europe-based polysilicon through its on-going ...
Tags: Solar Trade Row, EU Members