Stainless project to construct in Shanghai
Publish on 3/29/2010 10:03:19 AMShanghai Yatai Steel Group and Shanghai Jinchang Stainless Steel Tube Manufacturing Co. Ltd have recently entered into a cooperation agreement for the construction of a stainless steel project in Shanghai with a planned annual production capacity of 500,000 metric-tonnes. The project is expected to achieve an annual pre-tax profit of about US$ 43.93 million when it comes on stream.
TSL, NSC ink automotive cold-rolled flat products venture
Publish on 3/29/2010 10:03:12 AMTata Steel Ltd (TSL) and Nippon Steel Corp. (NSC) have formed a joint venture for the production and sales of automotive cold-rolled flat products at Jamshedpur, Jharkhand, India to address the localisation needs of Indian automotive customers for high-grade cold-rolled steel sheet and contribute to further expansion of the Indian automobile industry. TSL will hold 51% and NSC will hold 49% of equity capital of the joint venture company.
ZF acquires chassis, axle systems plants in India
Publish on 3/29/2010 10:03:50 AMZF and Hero Motors Ltd have signed a contract establishing the joint venture enterprise ZF Hero Chassis Systems. ZF is acquiring 50 percent of Hero Chassis Systems including two assembly plants in Halol, around 300 miles north of Mumbai, and in Talegaon, near Pune having an annual installed capacity for assembling 1.6 lakh units of chassis and axle systems Over the next two years ZF Hero Chassis Systems will invest Rs 80 crore to establish two plants in Gurgaon and Chennai.
Australia's Fortescue has 'decades' of iron ore for China
Publish on 3/29/2010 09:03:54 AMAustralia's Fortescue Metals said it has billions of tonnes of iron ore, enough to supply China for decades, reinforcing claims that the country is on the verge of a major commodities boom. Executive director Russell Scrimshaw stated the world's fourth largest iron ore miner had up to 20 billion tonnes of ore, the basic ingredient of steel, which is a key to China's mass industrialisation and urbanisation.
Rio Tinto appoints new China MD
Publish on 3/29/2010 09:03:13 AMRio Tinto has appointed Ian Bauert as managing director for China, with immediate effect. I an will be based in Shanghai and will lead Rio Tinto's 160-strong team of employees in Beijing, Shanghai and Guangzhou. He speaks fluent Mandarin and established the company's first office in China more than 25 years ago. Ian has since held numerous senior positions with Rio Tinto.
QAEC to build aluminium extrusion plant
Publish on 3/29/2010 09:03:44 AMQatar Aluminium Extrusion Co. (QAEC) has revealed plans to construct an aluminium extrusion plant at the New Salwa Industrial Area. The project, which is expected to be completed by 10 months from date of inception, will involve a capital expenditure of QR72 million ($19.8 million). The plant will produce extruded/surface treated aluminium products, such as profiles, rods and bars to meet the increasing demand of the residential and commercial construction industry.
Recent Healthcare/Medical Market Research Reports
Publish on 3/29/2010 09:03:54 AMWorld X-ray Instrumentation Markets This Frost & Sullivan research service titled World X-ray Instrumentation Markets provides an analysis of product and end-user segments, geographic regions, and market ranking of participants for this market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following sectors: X-ray diffractometer (XRD), energy dispersive X-ray fluorescence (ED XRF) spectrometers, and wavelength dispersive X-ray fluorescence (WD XRF) spectrometers.
ESI seeks to refinance facility expansion