Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Group (WISCO) has signed a cooperation agreement with Zhangye municipal government in China's Gansu Province for the construction of a project which will have an annual output ...
Tags: Steel, Metallurgy, Mineral
Lite-On Technology has reported that its fourth-quarter 2013 consolidated sales reached NT$59.36 billion (US$1.95 billion), up 12% on year and 4% on quarter, hitting a 10-quarter record high. Net profits were NT$2.52 billion, up 9% on year ...
Tags: Lite-On Technology, LED lighting
LED pricing declined 5-9% in first-quarter 2014 as distribution channel inventory levels gradually returned to norm and manufacturers stocked up before the China May Day holidays, according to LEDinside. Looking ahead, the firm added that ...
Tags: Ultra HD TV, Lighting Demand, LED 1Q14
German automaker BMW Group is set to invest $1bn to expand the production capacity at its Spartanburg plant in South Carolina by 2016. The plant currently producies BMW X3, X5, X5 M, X6 and X6 M models. The new expansion will see the ...
Tags: BMW, Spartanburg Plant Expansion, automaker
International automotive supplier Continental celebrated in the end of March the 8,200 square meter expansion of its manufacturing facility located in Fletcher, North Carolina, USA. The 35 million US-Dollar investment added production and ...
Tags: Continental, Parking Brake, Electric Brake
Bayer MaterialScience is increasing its production capacities in the Asia/Pacific region to meet the continued growth in demand there for raw materials for coatings and adhesives. Ground was broken at the site in Shanghai, China, recently ...
Tags: Construction, Decoration, Coatings
German automaker Volkswagen Group has signed joint declarations with its Chinese joint venture partners SAIC Motor and First Automotive Works (FAW) Group to work collaboratively in the field of forward-looking technologies. Under the ...
Tags: Volkswagen, Automotive, automotive industry
In the presence of Germany’s Chancellor Dr. Angela Merkel and the Chinese State President Xi Jinping, Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC Group) today signed an agreement on the further ...
Tags: Daimler, BAIC, Mercedes-Benz
ArcelorMittal Brasil, Brazilian subsidiary of global steelmaker ArcelorMittal, has announced its financial results for 2013, indicating that the surplus of global steel production capacity is over 570 million mt, which still presents risks ...
Tags: Steel, Metallurgy, Mineral
Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Franc Cardona, the marketing and international affairs director of Spanish steel producer CELSA Group, stated that margins in the long steel product trade ...
Tags: Steel, Metallurgy, Mineral
Australian coking coal producer Beacon Hill Resources has announced its interim results for 2013, reporting a net loss of $19.24 million, narrowing down from the net loss of $45.13 million in the previous year. The company's revenues ...
Tags: Coking Coal, Beacon Hill Resources
Australian miner Fortescue has announced that it has officially opened its 40 million mt per year Kings Valley iron ore mine in its Solomon Hub in the Pilbara region, Western Australia, marking the completion of the $9.2 billion expansion ...
Tags: Iron Ore Mine, miner, Fortescue
China-based PV maker Solargiga Energy swung from a net loss of CNY136.4 million (US$22 million) in the first half of 2013 to net profit of CNY927,000 in the second, resulting in a net loss of CNY135.5 million for 2013, according to the ...
Tags: PV maker, Solargiga, Solar-grade
South Korean automaker Hyundai Motor is set to establish its fourth plant in Chongqing, China, with an investment of $926.48m. This move is aimed at increasing the company's global market share in the automotive industry. The ...
Tags: automaker, Hyundai, automotive industry
Asian methanol prices are expected to come under heavy downward pressure in April after a ramp up in production in Southeast Asia and an influx of Iranian-origin cargoes, trading sources said Wednesday. Since the beginning of March, Asian ...
Tags: Methanol Prices, methanol, Iranian market