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The government of China's Xinjiang autonomous region has stated that it is committed to eliminating 2.4 million mt of backward steel capacity within two years and will not approve new projects in the steel industry, according to its program ...
Tags: resolving severe overcapacity, Xinjiang, Metallurgy, Mineral&Energy
China-based steel manufacturing and trading group Delong Holdings Ltd has announced that its wholly-owned subsidiary Delong Steel Singapore Projects Pte. Ltd. (DSL) has entered into a joint venture agreement with three Thai-based companies, ...
Tags: new steel mill, carbon structural steel, production capacity
Australian iron ore miner Atlas Iron Limited has announced its financial results for the first half ending on December 31 of the financial year 2013-14. According to the results, in the given period Atlas recorded a net profit of A$74 ...
Tags: Iron, net profit, iron ore shipments
Monday, February 17, 2014: As the number of US businesses increases, industry revenue is forecast to rise; however, some mitigating factors will remain. For these reasons, industry research firm IBISWorld has updated a report on the Office ...
Tags: Office Furniture, Furniture
Wearable devices have stolen the show at the Mobile World Congress (MWC) in Barcelona, according to Chinese-language United Evening News. Companies including Samsung, LG, Sony, and Huawei Device have all showcased their wearable designs at ...
Tags: LED Industry, Wearable Devices
Food and beverage company Coca-Cola Amatil (CCA) has announced a net profit after tax of $502.8 million, before significant items. Net profit after tax (including significant items) decreased by 82.5 per cent to $79.9 million for the twelve ...
Tags: operating cost structure, Results Decline, Capital Expenditure
The price of glass is expected to surge this year amid growing demand, an industry leader said. Abdulaziz Bin Yagub Al Serkal, General Manager of Dubai Investments ( DI ) PJSC, anticipated an increase in the cost of glass in the midst of ...
Tags: Strong Demand, Glass
The Klockner Pentaplast Group has launched a new pharmaceutical laminated barrier film production line at its site in Villa Del Totoral, Argentina. The laminating line, which involved an investment of $3.3m, is set to expand the company's ...
Tags: Pharmaceutical Barrier, Packaging, Klockner
Suez Cement and Italcementi s first waste treatment plant in Egypt was inaugurated this week. The project uses 45,000t of household waste to produce 35,000t of alternative fuel annually. Given Egypt s on-going fuel concerns the project will ...
Tags: Cement, Fuel, Suez Cement, Italcementi
Napoli Foods, a US-based foodservice distributor, has completed the installation of a solar power plant at its site in Cheshire, Connecticut. The 860kW solar photovoltaic system was provided by Dynamic Energy Solutions, which managed ...
The 2015 Ford Focus, the world’s best-selling nameplate, is expected to hold onto this coveted title with a bold new look that emulates other recent Ford vehicle designs and more advanced technologies that improve driver comfort and ...
Tags: Ford, Focus, Ecoboost Engine
Honda Cars India (HCIL) has commenced car production at its Tapukara Plant in Alwar, Rajasthan, India. The company has invested INR35.26bn ($568m) at this plant, which is the first for the company in the state. The plant features an ...
Tags: Honda Cars, Auto Parts
BP has started up its US Gulf deepwater Na Kika Phase 3 oil project, the company said Monday. The first Na Kika well began producing oil February 19, with another expected to start in the second quarter. The full Na Kika Phase 3 project ...
Tags: Oil Production, Mineral
Honda de Mexico (HDM), an arm of American automaker Honda Motor, has commenced the production of the redesigned 2015 Honda Fit at its new $800m automobile plant in Celaya, Guanajuato. This new plant will enable the company to increase its ...
Tags: Honda De Mexico, Fit Production