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February 07, 2012
China, US have 'huge potential' for economic co-op
China and the United States have "huge potential" for economic cooperation, which should be more market-oriented, a leading economist of a Washington-based think tank said.
February 06, 2012
Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
Chinese sportswear retailer Lining announced its performance expectations for 2011, stating that its revenue may decrease by as much as 7% compared with 2010 due to slow order increases and inventory problems of some distributors.
February 03, 2012
WTO slaps China's export restraints
The World Trade Organization Appellate Body on Monday found China’s export restraints on several industrial raw materials used as key components in the steel, aluminum, and chemicals industries to be inconsistent with the country’s WTO obligations.
February 02, 2012
Lenovo Bulks Up Manufacturing Base In Chengdu
Chinese technology group Lenovo announced the formal completion of the Lenovo (Western) Industrial Base in Chengdu.
February 01, 2012
Sino-US trade tensions may increase
DAVOS, Switzerland - Trade tensions between China and the United States may be exacerbated by the global financial outlook and US election politics, economists said.
January 31, 2012
Machine-tool Industry Expected to Continue Prospering in 2012
Taiwan’s machine-tool industry will continue to prosper in 2012 as ever more locally-made machine-tools will be shipped to China duty-free under the cross-Taiwan Strait ECFA (economic cooperation framework agreement), whose further negotiations will take place soon.
January 26, 2012
Nokia Gets Closer To Suppliers With HQ Move To Beijing
Aiming to improve business efficiency and reduce costs, the Finnish communications corporation Nokia will relocate its Asia Pacific headquarters from Singapore to Beijing.
January 25, 2012
Kobe Steel establishes steel wire processing company in China
Kobe Steel Ltd announces that it has established a company in Foshan, Guangdong Province, China to make steel wire for use in high quality springs.
January 24, 2012
China voices 'deep concern' over US wind tower dumping probe
BEIJING - China's Ministry of Commerce (MOC) on Saturday expressed its deep concern over the United States' anti-dumping and anti-subsidy probe into Chinese exports of wind towers.
January 23, 2012
Fair Friend Acquires Five Overseas Machine-Tool Firms
Fair Friend Group, a leading numerically controlled machine tool maker, has successfully acquired five overseas machine-tool firms recently, including three Italian firms, one Korean firm, and one Japanese firm, which will bring the group extra NT$10 billion of revenue a year, said Chu Chih-yang, chairman of the group, yesterday (Jan. 19).
January 19, 2012
China opposed to US listing Taobao as market for piracy
BEIJING - China is "greatly concerned and strongly opposed" to the United States' listing of Taobao, the country's largest consumer e-commerce website, as a notorious market for piracy, a spokesman for China's Ministry of Commerce said on Wednesday.
January 18, 2012
Taiwan’s Machinery Exports Surge 24% in First 11 Months of 2011
Taiwan’s machinery exports hit US$18.787 billion in the first 11 months of 2011, up 24% from a year earlier, according to preliminary statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
January 17, 2012
New Forging Press Allows Sanyo to Increase Export Rate
According to recent reports, Japan’s Sanyo Special Steel intends to increase its rate of exported products to 30% by volume – doubling its current rate – to meet growing demand in foreign markets by 2014. In November 2011, the company installed a 5,000-ton forging press, which is intended for use in the manufacture of large bearings for wind-power generation. This press, in addition to the company’s 1,500- and 3,000-ton presses, will help Sanyo develop new applications and serve new forging markets.
January 16, 2012
China launches its first physical iron ore trading platform
BEIJING (Reuters) - China launched its first physical iron ore trading platform on Monday in the latest move by the world's biggest iron ore consumer to strengthen its pricing power over a raw material long dominated by giant foreign suppliers.
January 12, 2012
Export Orders Expected to Top US$436 B. in 2012
Despite downturn from the third quarter last year, Taiwan’s export performance will continue to rise in the long run, with the total export orders for 2012 expected to top US$436 billion, reported the Bureau of Foreign Trade (BOFT) yesterday (Jan. 10).
January 11, 2012
Apple sued for copyright violation
BEIJING - Nine Chinese writers sued Apple Inc for violating copyright and demanded compensation totaling 12 million yuan ($1.9 million).
January 10, 2012
Chinese Citic coke oven at ThyssenKrupp Brazil
Financial Times reported that for ThyssenKrupp the construction of new steel mill close to Brazil's rich iron ore deposits was a make or break investment.
January 05, 2012
More trade friction ahead as protectionism surges
BEIJING - Chinese exporters are likely to encounter more trade barriers in 2012 as trade protectionism resurges globally against the backdrop of a volatile recovery, the Ministry of Commerce (MOC) said Wednesday.
January 04, 2012
China extends probe over US animal feed
BEIJING - China's Ministry of Commerce said Wednesday it will extend an anti-dumping investigation into US exports of a certain kind of animal feed for another six months.
January 03, 2012
Chinese CITIC coke oven at ThyssenKrupp Brazil - FT report
Financial Times reported that for ThyssenKrupp the construction of new steel mill close to Brazil's rich iron ore deposits was a make or break investment by which it hoped to maintain competitiveness as the global steel industry consolidated, producing powerful new rivals including ArcelorMittal and TATA Steel.
January 02, 2012
Hsin Kuang steel volume may increase by 10pct in December
Hsin Kuang Steel, one of the major steel service centers in Taiwan, said that since China Steel Corporation and Chung Hung Steel have shown their bottom prices recently, the market demand has become better in December 2011 than that in last few months.
December 29, 2011
Taiwan’s Machinery Exports Hit New High in First 11 Months of 2011
Despite the global economic downturn, Taiwan’s machinery industry saw exports reach US$18.78 billion in the first 11 months of 2011, a historic high and surpassing US$16.7 billion in 2010, according to statistics compiled by the Taiwan Association of Machinery Industry (TAMI), whose president C.C. Wang predicts the local machinery industry’s export and production values to exceed US$20 billion and US$30 billion respectively in 2011, both historic highs.
December 27, 2011
US ruling good news for Chinese exporters
BEIJING - A Chinese scholar of foreign trade said Wednesday that a ruling by the US Court of Appeals for the Federal Circuit (CAFC) was an "epoch-making" victory for Chinese exporters who have long suffered unfair countervailing duties from the United States on top of anti-dumping duties (AD).
December 22, 2011
US ruling good news for Chinese exporters
BEIJING - A Chinese scholar of foreign trade said Wednesday that a ruling by the US Court of Appeals for the Federal Circuit (CAFC) was an "epoch-making" victory for Chinese exporters who have long suffered unfair countervailing duties from the United States on top of anti-dumping duties (AD).
December 21, 2011
US court concludes tariffs on Chinese goods illegal
Commerce Department does not have power to levy duties: Judges
WASHINGTON - US companies from steel to paper makers may lose a tool they've used to fight perceived undervalued Chinese imports after a US appeals court rejected the imposition of duties to offset alleged foreign government subsidies.
December 20, 2011
Fujian New Huadu Announces Acquisitions
Fujian New Huadu Supermarket Company Limited has published a report, stating that it plans to invest CNY125 million to acquire the entire stake in four foreign-owned enterprises of E-Mart.
December 19, 2011
China and US trade disputes piling up
Reuters reported that tension in trade and investment between China and the United States, the world two largest economies has been rising against the backdrop of global economic uncertainty.
December 15, 2011
Outsourcing Leaders Are Selected for the I6 Panel
Outsourcing Leader Rakesh Sangani Is Selected for the SSON I6 Panel
Rakesh Sangani, Partner, Advisory Proservartner has been selected as moderator and member of the first India 6(I6) panel to be held from 5-8 December 2011 in Bangalore, India.
December 14, 2011
US developer builds financial plaza in Tianjin
TIANJIN - Construction on a US-invested financial plaza began on Monday in North China's coastal city of Tianjin.
The construction of the plaza is being funded by Tishman Speyer, a US real estate developer, at a cost of about 6 billion yuan ($948 million).
December 13, 2011
Taiwan Machinery Exports Jump 28.3% in First Nine Months
Taiwan exported US$15.88 billion of machinery in the first nine months, up 28.3% year-on-year, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
December 12, 2011
Vice-Premier Li urges US to lift trade restrictions
Healthy, stable bilateral relationship mutually beneficial, leader says
BEIJING - Vice-Premier Li Keqiang on Friday urged the United States to take concrete action to eliminate unreasonable Sino-US trade restrictions.
December 08, 2011
Taiwan’s Machine-tool Firms Raise Capital Spending in 2012
Despite the lingering European sovereign debt crisis, Taiwan’s leading machine-tool manufacturers, including Fair Friend Group, Hiwin Technologies Corp., Goodway Machine Corp., Awea Mechantronic Corp. and Shieh Yih Machinery Industry Co., plan to increase capital spending in 2012, with the five firms to invest NT$8.15 billion to expand capacities.
December 07, 2011
American Axle to Gain Marketshare in China
Expanded joint venture will produce light commercial-vehicle axles
American Axle & Manufacturing’s manufacturing joint venture in China will expand to include all of Hefei Automobile Axle Co. Ltd.’s light commercial-vehicle axle business. Hefei Automobile Axle Co. is a subsidiary of the Anhui Jianghuai Automotive Group Co. Ltd. (JAC), a state-owned builder of cars and light trucks. The company’s joint venture with AAM started up in 2009 at a site west of Shanghai, and each partner controls 50% of the venture.
December 06, 2011
China voices 'deep concerns' over US panel ruling
BEIJING - China's Ministry of Commerce on Saturday expressed its "deep concerns" over a preliminary ruling made by the US International Trade Commission (ITC) that Chinese enterprises are harming the US solar panel industry.
December 05, 2011
Solar producers fully prepared for US ruling
BEIJING - Chinese photovoltaic (PV) solar companies are well-prepared for the preliminary ruling by the US International Trade Commission (ITC) that these enterprises are harming the US industry.
December 02, 2011
Smartphone Manufacturing Will Be Coolpad's Focus In China Next Year
Li Wang, executive vice president of the Chinese mobile phone brand Coolpad, revealed that the company plans to completely stop manufacturing mobile phones and non-smartphone devices in 2012.
December 01, 2011
New Con-Rod Forging Line for Dongfeng Nissan
Joint-venture will produce two pieces simultaneously in less than 5 seconds
Dongfeng Nissan Passenger Vehicle Co. has ordered a new wedge press with a forging roll from SMS Meer, the heavy machinery and plant builder. The machinery will be installed at a new forging plant that the joint venture is developing at Guangzhou, in Huadu Province. The line will produce connecting rods for passenger cars, fully automatically and with flexibility.
November 30 2011
Exports of Taiwan’s Machinery Sector to Hit US$20 B. in 2011
Despite the uncertain global economy battered by the European debt crisis, high American unemployment, the Taiwan Association of Machinery Industry (TAMI) predicts machinery exports from Taiwan to hit a new high of over US$20 billion in 2011.
November 23, 2011
Key meeting focuses on trade issues
Commitments given by Beijing not reciprocated, experts say
CHENGDU - China's major concerns, including US export controls, were not addressed by the US government despite real commitments by Beijing on intellectual property rights (IPR) protection, experts said.
November 22, 2011
China, US hold annual trade talks in Chengdu
CHENGDU - China and the United States held the 22nd Session of China-US Joint Commission on Commerce and Trade (JCCT) here on Monday in the southwestern city of Chengdu.
November 21, 2011
Machine-tool Firms Increase Investments Amid Gloomy Economy
Taiwan’s leading manufacturers of machine tools, including Fair Friend Group, Hiwin Technologies Corp., Goodway Machine Corp., Taiwan Takisawa Technology Co., and Keyarrow (Taiwan) Co., will invest over NT$10 billion in 2012.
November 17, 2011
Nisshin Steel and Nippon Metal announce Business Integration
Nisshin Steel Co Ltd and Nippon Metal Industry Co Ltd have entered into a basic agreement to begin the consideration for integration of their businesses targeted for October 1st 2012, assuming that the companies obtain the approvals such as approvals of their respective shareholders at the shareholders' meeting and approvals of relevant authorities including the Japan Fair Trade Commission.
November 16, 2011
Exports of Taiwan-made Machine Tools Hit US$2.626 B. in First Eight Months of 2011
Taiwan exported US$2.626 billion of machine tools in the first eight months, up 42.7% from a year earlier, according to the customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
November 15, 2011
Why You Should Outsource Your Injection Molding Project
The investment to design, implement and maintain in-house injection molding projects can be complicated and costly. Resources needed to devote to this endeavor, such as equipment and personnel, are circumvented by outsourcing such projects to expert companies. Using an outsourced company with a history of experience, and the latest cutting-edge equipment, can easily outweigh the undertaking of in-house operations. Lower Costs Because No Capital Investment Needed
November 14, 2011
Guizhou's Provincial Government Assists Wal-Mart With Supply Chain Construction
The world's retail giant Wal-Mart has announced that it will invest CNY500 million to build new stores in Guizhou's Anshun, Kaili, and Duyun in the next five years.
November 10, 2011
GKN Driveline Starts Precision Forging in India
New plant produces parts for countervailing joint systems
GKN Driveline opened a new precision forging operation at Oragadam, India, to supply parts to its nearby CVJ Systems plant. That operation produces 1.2 million side shafts annually for Indian automakers. The 538,000-ft2 forging plant is near Chennai in Tamil Nadu state.
November 09, 2011
Despite recent criticism, China is creating US jobs
Job creation is likely to be the hot-button issue in the 2012 United States presidential election. What is not as obvious is that the candidate with the most pro-China platform may hold the trump card needed to win.
November 08, 2011
Experts: China, US to focus on regional integration at forum
WASHINGTON - China and the United States will both make efforts to promote regional integration and green growth at this week's annual Asia-Pacific Economic Cooperation (APEC) forum in Honolulu, Hawaii, trade experts said.
But the world's two largest economies differ in their approaches toward achieving regional integration.
November 07, 2011
US eyes export opportunities at talks with China
WASHINGTON - Top US officials said Friday they will explore export opportunities for American products at high-level bilateral trade talks in China later this month.
November 04, 2011
Working with China 'key' to FDA's future work
SHANGHAI - The US Food and Drug Administration (FDA) aims to have more in-depth cooperation with Chinese food and drug manufacturers, as it prepares for the global launch of its new IT risk-based screening system.
November 03, 2011
SIFCO Industries Buys Quality Aluminum Forge
California aerospace forger expands the group’s product range, finish machining capability
Cleveland-based SIFCO Industries Inc. is buying GEL industries Inc., an aerospace forger that operates as Quality Aluminum Forge at plants in Orange and Long Beach, CA. QAF produces precision forged and machined aerospace components for commercial and military aircraft markets, on nine hydraulic presses ranging in capabilities from 500 to 2,500 tons.
November 02, 2011
Hon Hai Starts Construction of “Robot Kingdom” in Taichung
Witnessed by President Ma Ying-jeou and Taichung City mayor Jason Hu, on Oct. 29 Hon Hai Precision Group broke ground to build the intelligent technology R&D building in the Central Taiwan Science Park for its subsidiary—Foxnum Co.
November 01, 2011
Taiwanese OEM Inks JV Manufacturing Deal In Anhui Province
Chinese mainland PC maker Lenovo Group and Taiwanese laptop OEM Compal have signed an agreement to set up a joint venture for computer manufacturing in Hefei, capital of Anhui province.
The new plant is expected to realize full load operation by the end of 2012.
October 31, 2011
US finding bodes ill for China's exporters
Senior commerce official warns of growing trade protectionism
CHONGQING - The US Commerce Department on Friday said Chinese companies are dumping steel wheels and moved to set duties on the items, a decision one senior commerce official said foreboded increased trade protectionism.
October 27, 2011
China: US embargo against Cuba unreasonable
UNITED NATIONS — The international community is faced with multiple serious challenges, which makes the US sanctions and embargo against Cuba "all the more unreasonable", Wang Min, Chinese deputy representative to the UN said here Tuesday.
October 26, 2011
Chinese Computer Firm Rises In Rankings
With a 13.5% global share, the Chinese PC maker Lenovo became the world's second largest PC maker for the first time, exceeding Dell, according to the PC shipment report for the third quarter of 2011 released by the market research firm Gartner.
October 25, 2011
Taiwan and Mainland Chinese Will Step Up Cooperation for Five Industries
Taiwan and mainland China will focus on LED lighting, TFT-LCD, wireless cities, low-temperature logistics, and electric cars initially for cross-Taiwan Strait industrial cooperation, according to an agreement reached during a meeting between P.K. Chiang, chairman of Straits Exchange Foundation, and Chen Yunlin, chairman of the Association for Relations Across the Taiwan Straits in Tianjin yesterday (Oct. 20).
October 24, 2011
US urged not to provoke trade war with China
NEW YORK - A group of US experts and business executives Friday called on policymakers in Washington not to provoke a trade war with China, which would inflict damages on both nations.
October 21, 2011
MIT to host first forum on business in China
BOSTON - A Chinese student organization recently announced it will launch the first forum to focus on entrepreneurship in China at the Massachusetts Institute of Technology next month.
October 18, 2011
Siemens builds a new automation engineering factory in China
The Siemens Industry Automation Division is further expanding its position in the Asian growth market.
In a new factory to be built in Chengdu in the Chinese province of Sichuan, Siemens will develop and manufacture high-end Simatic controllers and automation components from the middle of 2013.
October 17, 2011
Mobile Phone Manufacturing Increases As Computer Exports Slow In China
From January to August 2011, China manufactured 699 million mobile phones, an increase of 19.3% from last year according to latest statistics released by China's Ministry of Industry and Information Technology.
October 13, 2011
US official hails Chinese project in Texas
HOUSTON - A Texas official expressed his warm welcome to a recent jumbo-sized Chinese project in the state and hailed it as a role model for future "win-win" business cooperation between the United States and China.
October 12, 2011
Chinese Telecom Procurement Deal Winners Include Huawei, VMware, Microsoft
China Unicom has completed its first cloud computing procurement project, and four manufacturers won the bidding for various aspects of the project.
October 11, 2011
Currency bill runs into opposition
Trade war warning over move that would penalize countries with undervalued currencies
The United States Senate is debating legislation designed to press China to let its currency rise, a move that has raised opposition in the White House and in the House of Representatives.
October 10, 2011
Guyana Sources Tech Products From Chinese Firm
Chinese electronics group Haier has signed an agreement with the government of Guyana to provide laptops for the "One Laptop Per Family" initiative of the country.
October 06, 2011
Taiwan-made Machine Tool Exports Up 46.1% in First Seven Months
Taiwan exported US$2.263 billion of machine tools in the first seven months, up 46.1% from a year earlier, according to customs-cleared statistics compiled y the Taiwan Machine Tool Foundation (TMTF).
October 05, 2011
Pushing yuan bill risks trade war
BEIJING - With chronic financial ailments and persistent high unemployment driving thousands of protesters to the streets in New York and 50 other cities, some US lawmakers are, tediously, again trying to blame the Chinese currency instead of addressing the real reasons for the country's economic woes.
October 04, 2011
US Senate votes to allow debate on yuan bill
WASHINGTON - The US Senate voted Monday to allow a debate on a controversial bill on so-called "currency manipulation" by China amid strong opposition from China and US business groups.
October 03, 2011
Simon Industrial Co., Ltd.
Power metallurgy, metal forming, seals, FKM compounds, rubber to metal (RTM) parts etc.
Simon Industrial Co., Ltd. (SIC) is a seasoned supplier of powder-metallurgical items, shock-absorber oil seals, piston skirt, formed-metal items, as well as Fluorocarbon Rubber (FKM or Viton) compounds (MIL-SPEC / AMS /FDA) and FKM parts for automotive, defense (missile component) and other crucial applications.
September 29, 2011
GoalEurope Launches an Online Publication about Outsourcing, Innovation and Venture Investment in Eastern Europe
GoalEurope, a software development outsourcing advisory firm, expands its focus by launching an online publication about outsourcing, innovation and venture investment in Russia, Central and Eastern Europe and CIS countries.
September 28, 2011
Taiwan’s Machine Tool Industry Sees Growth Slowdown
After enjoying rapid growth for several months, Taiwan’s machine tool industry has seen growth slowdown in the third quarter of this year, making industry insiders worry about business downturns in the fourth quarter.
September 27, 2011
Internet Sourcing Deals Gain New Level Of Transparency At Alibaba.com
Chinese e-commerce website Alibaba.com has published a notice about user identifications on its Chinese website, aiming to promote real-name registration on its website.
September 26, 2011
Taiwan to Procure NT$150 B. in Agricultural Products in U.S.
In the latter part of September, Taiwan will organize two procurement groups to visit the U.S. for procuring US$5 billion, or approximately NT$150 billion, worth of agricultural products.
September 22, 2011
Taiwan Hand Tool Industry Output Up 26% YoY in Q2
Driven by customers’ restocking for the upcoming year-end sales peak, Taiwan’s hand tool industry turned out NT$15.67 billion of tools in the second quarter for a 26% increase from NT$12.43 billion a year ago, according to statistics compiled by Taiwan’s market survey body the ITIS (Industrial Technology & Intelligence Service).
September 21, 2011
Simufact Opens Training Center in China
Will raise global visibility while training university students in process design standards
September 20, 2011
Taiwanese rolling mills face difficulty to make profit in Q3
It is reported that several Taiwanese steel rolling mills announced the August sales revenue recently.
September 19, 2011
Chinese Coal-Mining Companies Order Induction Hardening Systems
EFD Induction landed three major induction hardening orders from China’s coal-mining industry. The orders involve hardening and tempering lines for 5- to 60-mm-diameter chain. The systems are being constructed at EFD Induction facilities in Norway and China and are due for delivery in the first half of 2012. The first order involves an induction hardening and tempering solution for the China Coal Zhangjiakou Coal Mining Machinery Company (CZCM). CZCM plans to install the EFD Induction hardening line, which will feature four induction heating units, in a new chain manufacturing plant.
September 16, 2011
Taiwan Machine Tool Makers Set for 2011 EMO Hanover
Taiwan’s manufacturers of machine tools and components are scrambling to take part in the 2011 EMO Hannover, the world’s largest machine-tool show, slated for Sept. 19-24 in Hannover.
September 14, 2011
American Axle Inaugurates Thailand Plant
Plant produces axles and driveshafts for Asian market
American Axle & Manufacturing Holdings held an opening for its Rayong Manufacturing Facility in Thailand, in the southern part of that country near the Gulf of Thailand. The plant has been in development since 2008, and manufacturers driveline products and systems for automotive and SUV manufacturers in Asia.
September 13, 2011
Taiwan’s Makers of Machining Centers Awash in Rising Sales
The recovering global economy over the past year has enabled Taiwan’s leading manufacturers of machining centers to achieve robust sales in the past several months, with the performance expected to continue for the rest of this year and most local makers claiming to have enough orders to fill production lines for at least three to five months.
September 12, 2011
Guizhou's Provincial Government Assists Wal-Mart With Supply Chain Construction
The world's retail giant Wal-Mart has announced that it will invest CNY500 million to build new stores in Guizhou's Anshun, Kaili, and Duyun in the next five years.
According to a strategic memorandum of understanding signed between Wal-Mart and the Department of Commerce of Guizhou Province, the Guizhou government will support Wal-Mart to open Sam's Clubs and shopping plazas in the province. Meanwhile, Wal-Mart will formulate opening plans and promote the opening in accordance to the business layout plan of Guizhou.
September 09, 2011
Outsourcing Work Now Offering Hand Spun Mega Articles
Outsourcing Work delivers affordable solutions for your online business, whether you need fresh new content, promotions, marketing advice, or just a helping hand to get you started on the right foot.
September 08, 2011
IBM, Vodafone ink $1 billion IT outsourcing contract
BANGALORE: IBM, the world's largest tech services company, has renegotiated its outsourcing contract with Vodafone Essar and signed an extended deal estimated at around $1 billion to manage IT systems for the country's third-biggest phone firm till 2017.
September 06, 2011
Exports of Taiwan-made Machine Tools Up 50.4% YoY in H1, 2011
Taiwan exported US$1.91 billion of machine tools in the first half of 2011, up 50.4% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
September 05, 2011
Guizhou's Provincial Government Assists Wal-Mart With Supply Chain Construction
The world's retail giant Wal-Mart has announced that it will invest CNY500 million to build new stores in Guizhou's Anshun, Kaili, and Duyun in the next five years.
August 30, 2011
Budget cuts in U.S. mean uncertainty ahead for Indian outsourcers
Budget cuts have usually helped Indian outsourcers, but uncertainty is leading customers to delay spending decisions
Economic problems in the U.S. are likely to lead to cuts in IT budgets of up to 10 percent in some cases, according to a report released Monday by Offshore Insights, a research and advisory firm in Pune, India.
August 29, 2011
Troubled US firms see Chinese opportunities
ATLANTA, Georgia - On his frequent trips to Shanghai, Timken Co Chief Executive Officer James W. Griffith sees cars on freeways and cranes at construction sites powered partly by the steel bearings his company has made for 111 years.
August 28, 2011
Telecom Products Manufacturing In China Adds To ZTE's Bottom Line
Chinese telecom equipment maker ZTE has published its semi-annual financial results for the first half of 2011, stating that its operating revenue increased by 21.55% year-on-year to CNY37.345 billion.
August 24, 2011
China Minmetals and Sinosteel price fixing case revived by US appeals court
Bloomberg reported that China Minmetals Corporation and Sinosteel Corporation must face claims they conspired to fix the price of magnesite sold in the US a federal appeals court ruled.
August 18, 2011
Pihsiang to Build New Lithium-ion Cell Plant in Taiwan by Year-end
Pihsiang Machinery Manufacturing Co., Ltd. (PMMC) of Taiwan recently announced its plan to invest NT$4.5 billion (US$155.2 million) to construct a lithium-ion battery cell plant with initial annual capacity of some 150 million cells in Tongluo, Miaoli County in northern Taiwan.
August 17, 2011
Metal Industry Scores Brisk Investments
Stimulated by the effect of the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA) and mainland China’s 12th five-year development plan, the total investments of Taiwan’s metal industry topped NT$82.4 billion in the first seven months this year and are expected to top NT$120 billion for the entire year, a three-year high, according to the Ministry of Economic Affairs (MOEA).
August 16, 2011
Taiwan’s Machine-tool Firms Expect Bountiful Sales in Q4
Taiwan’s leading manufacturers of machine tools and components, including Falcon Machine Tools Co., Awea Mechantronic Co. and Hiwin Technologies Corp., have orders backed up till the end of this year or even the first quarter of 2012.
August 15, 2011
SAP Plans Human Resource Additions In China, India
SAP has announced plans to hire hundreds of new employees in China and India over the next few quarters to accelerate its expansion in Asia.
According to reports in foreign media, 16% of SAP's operating revenue was from the Asia Pacific region, including Japan.
August 11, 2011
China, US plan to work together on product safety
BEIJING China and the United States have reached a consensus on tapping the potential of cooperation to improve the quality of Chinese consumer goods through more training programs for manufacturers, said officials from both sides.
August 10, 2011
Suning Ups Electronics Profits In China
Chinese home appliances and electronics retailer Suning has announced its results for the first half of 2011.
The company stated that its operating revenue increased by 22.68% year-on-year to CNY44.23 billion from January to June 2011; its net profit increased by 25.35% year-on-year to CNY2.47 billion; and the number of its chain stores reached 1,488.
August 09, 2011
Fair Friend to Spend NT$10 B. on Global Expansion in 3 Years
Fair Friend Group will spend some NT$10 billion in the next three years to keep its lead as machine-tool manufacturer globally, over half of which to expand production and acquire overseas machine-tool plants.
August 08, 2011
Taiwan’s Machine-tool Export Surges 53.6% in First Five Months
Taipei, Aug. 8, 2011 (CENS)--Exports for Taiwan’s machine-tool industry totaled US$1.581 billion in the first five months of 2011, surging 53.6% from a year earlier, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
August 04, 2011
China's steel industry rakes in higher output but weaker profitability in H1:MIIT
China's steel output grew by 9.6 percent year-on-year in the first half to 350 million tonnes, but its sales-profit ratio dropped to 2.42 percent, the lowest in years, the Ministry of Industry and Information Technology (MIIT) said Tuesday.
August 03, 2011
Formosa Plastics U.S.A. Doubles Its Expansion Project
Formosa Plastics U.S.A. will expand the annual capacity of ethylene of its naphtha cracking complex by 800,000 metric tons, from the original plan of 450,000 metric tons, with the investment amount exceeding US$1.5 billion (NT$43.2 billion), much higher than US$900 million (NT$25.9 billion) originally, said Li Chih-tsun, chairman of Formosa Plastics, yesterday (July 28).
August 02, 2011
Rechi Invests US$30 M. to Boost Output in China
To meet increasing demand for compressors by home-appliance big names as the China-based TCL, Haier and Japan-based Sharp, Rechi Precision Co., Taiwan`s leading manufacturer of refrigeration compressors, will invest over US$30 million to expand output of pumps and compressors in Huizhou, Guangdong province, China through its subsidiary—Rechi Holding Ltd., who will set up two production lines, including one for pumps and another for compressors, each with annual capacity of 1.5 million units, with the expansion to enable the company to be a top-3 maker of compressors.
August 01, 2011
Mofcom Enhances Free Trade Area Service Network In China
The China International Electronic Commerce Center, an affiliate of China's Ministry of Commerce, is now using the CDC TradeBeam global trade management software-as-a-service solution for the China Free Trade Area Service Network.
July 29, 2011
LCD TV Assembly Plant In Mexico Acquired By Taiwanese Firm
Taiwanese computer company Compal has announced that it acquired Toshiba's LCD TV assembly plant in Mexico and the asset transition is expected to be completed in the third quarter of 2011.
This move will reportedly help Compal gain more orders from Toshiba and other Japanese TV brands.
July 28, 2011
China Shipping Companies Lobby to Foil Vale’s Iron Ore Fleet
July 28 (Bloomberg) -- China’s largest shipping companies are lobbying the government to foil Vale SA’s plan to build a $2.3 billion fleet of the world’s biggest iron ore carriers that will haul the steelmaking material to the nation.
July 27, 2011
China Steel Boosts Cold-rolling Capacity
Having rolled out a record 50 million tons of cold-rolled steel annually, China Steel Corporation (CSC), Taiwan`s largest integrated producer of steel products, will turn out over 43 million metric tons this year.
July 25, 2011
A steel of an attraction
THE Asean steel industry is expected to attract industry giants from Japan and China to invest as it offers lower operating cost and a sizeable market.
It is also set to become more appealing given the duty-free rules under the Asean Free Trade Agreement (Afta).
July 22, 2011
Wuhan Attracts TCL To Open New Regional Headquarters
Chinese home appliances and electronics group TCL has signed a strategic framework agreement with the government of Dongxihu district in Wuhan to establish a new strategic base.
July 21, 2011
Surging China costs turn some U.S. makers homeward
Reuters) - On a recent morning at Master Lock's 90-year-old factory in Milwaukee, a cluster of machinery was whirring, every 2 seconds spitting out one of the combination locks used by American high schoolers as the company readied for the back-to-school rush.
July 20, 2011
Chinese Tech Firm Acquires U.S.-based Nouveon
Chinese technology company HiSoft Technology International Limited has announced that it has acquired 100% of the equity interest in Nouveon Technology Partners, a provider of value-driven IT and process consulting services in the United States.
July 18, 2011
Mofcom Enhances Free Trade Area Service Network In China
The China International Electronic Commerce Center, an affiliate of China's Ministry of Commerce, is now using the CDC TradeBeam global trade management software-as-a-service solution for the China Free Trade Area Service Network.
July 15, 2011
Partnership pays dividends
SALT LAKE CITY, Utah - In an innovative approach designed to strengthen relations between the world's two largest economies, officials from China and US state governments will gather at the first China-US Governors Forum, which formally opens on Friday, to explore new opportunities in trade, culture and education exchanges.
July 14, 2011
Taiwan`s Machine-tool Firms See Production Lines Jammed
Influx of orders will drive sales through the third quarter for Taiwan`s leading manufacturers of machine tools, including Awea Mechantronic Co., Goodway Machine Corp., Tongtai Machine & Tool Co., Shieh Yih Machinery Industry Co. and Hiwin Technologies Corp., whose sales grew between 20% and 50% year-on-year in the first half due to orders from home and abroad.
July 13, 2011
Dana Increases Stake, Expands Manufacturing in China
Axle and driveshaft producer continues to grow its offshore production capacity
Dana Holding Corp. is raising its stake in Dongfeng Dana Axle Co. Ltd., a commercial-vehicle axle joint venture with China’s Dongfeng Motor Co. Ltd., to 50%. The acquisition of an additional 46% of the venture represents a $124-million investment for Dana, and makes it an equal owner of the operation in Xiangyang, China.
July 12, 2011
Shanghai Chosen For Mitsubishi Electric Automation's Latest Solution Center
Mitsubishi Electric Corporation has opened the Mitsubishi Electric Automation Solution Center in Shanghai, a one-stop center for sales and service that will strengthen the company's factory automation solutions business in China.
July 08, 2011
Walsin Lihwa to Build Hot-rolling Plant in Central Taiwan
Walsin Lihwa Ltd., a leading manufacturer of bare copper wire, wire and cable and specialty steel in the greater China region, has resolved to spend over NT$4 billion to set up a hot-rolling pickling and annealing plant in Taichung Harbor Processing Zone, central Taiwan.
July 07, 2011
China may appeal WTO ruling on mineral exports
BEIJING - China is likely to appeal a World Trade Organization (WTO) ruling against curbs introduced on the exports of raw materials.
China's export restrictions on nine raw materials are inconsistent with its obligations, according to a WTO expert panel ruling issued on Tuesday.
July 06, 2011
Chinese steelmakers urged to partner with downstream firms
Interfax China quoted an official with the State owned Assets Supervision and Administration Commission said China steelmakers can improve profitability by partnering with downstream industries.
July 05, 2011
If Foreign Companies Manufacture In China, Where Do Chinese Firms Manufacture?
Chinese telecom equipment maker ZTE has announced that it has reached an agreement with Brazilian local enterprises to manufacture tablet computers in Brazil.
June 30, 2011
China shipping exchange launches first forward freight contract
Reuters reported that the Shanghai Shipping Freight Exchange Co has launched China first forward freight contract allowing local exporters and shipping companies to manage growing volatility in freight rates.
June 29, 2011
China Precision Steel Announces Annual Meeting Date
SHANGHAI, June 28, 2011 /PRNewswire-Asia/ -- China Precision Steel, Inc. (NASDAQ: CPSL) ("China Precision Steel" or the "Company"), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that the date of its Annual Meeting of Shareholders will be Thursday, June 30th, 2011. The meeting will take place at the Company's headquarters, 87 Wing Lok Street, 18/F, Sheung Wan, Hong Kong and commence at 10:00 am Hong Kong time / Wednesday, June 29th 10:00 pm ET. All shareholders of record as of June 2, 2011 will be eligible to vote at the meeting.
June 23, 2011
Taiwan’s Machine-tool Builders to Raise Product Prices
To reflect the increased costs in procuring key parts and components, Taiwan’s machine-tool manufacturers are considering raising product prices for the second time since the beginning of this year.
June 22, 2011
Aircraft MRO Provider Orders Nitrex Nitriding System
Nitrex Metal will supply a NX-811 Nitreg®-S type system to Wuhan Hangda, a leading MRO service provider for aircraft components in China.
June 21, 2011
Taiwan`s Leading Machine-tool Makers See Sales Growth in May
With sales hitting all-time highs in May, Taiwan`s leading machine-tool manufacturers, including Tongtai Machine & Tool Co., Airtac International Holding Co. and Hiwin Technologies Corp., generally have orders to fill production lines through the end of the third quarter of this year.
June 20, 2011
PayPal's Internet Payment Deal In China Fizzles Out
PayPal, the third-party Internet payment platform of eBay, has announced that it will terminate its cooperation with AliExpress, the worldwide site of the Chinese B2B e-commerce group Alibaba, from August 3, 2011.
June 16, 2011
China-US dialogue reaps benefits
WASHINGTON - China and the United States announced a range of agreements on Tuesday aimed at expanding strategic and economic cooperation after two days of high-level meetings.
June 15, 2011
Fair Friend Aims to Become World`s No. 1 Machine-tool Maker in 2018
Taipei, June 15, 2011 (CENS)--Fair Friend Group, Taiwan`s leading manufacturer of machine tools, has aimed to become the world`s No. 1 producer in this field in 2018, when the group will see annual sales reach over US$3.5 billion.
June 14, 2011
New Patent In China To Aid Logistics For Canadian Company
Canada-based AeroMechanical Services Ltd. has received a Certificate of Invention Patent from China for its aircraft flight data management system.
June 13, 2011
Chinese power issues could affect aluminum, steel, nickel pig iron output
Tightness in the Chinese power market could mean lower output of aluminum and nickel pig-iron, plus deceleration in steel production and a probable increase in thermal-coal imports, says Deutsche Bank. More than 10 provinces started rationing electricity in energy-intensive manufacturing sectors in April.
June 10, 2011
Alcoa says develops new aerospace sector technologies
US aluminum manufacturer Alcoa said Thursday it has developed a new set of aluminum-based solutions for the aerospace market that will allow airframers to build lighter and lower-cost short-range airplanes at lower production risk than composite-intensive planes.
June 09, 2011
US trade gap narrows as Japan imports tumble
WASHINGTON, June 9 (Reuters) - The U.S. trade deficit narrowed unexpectedly in April, as U.S. exports rose to a new record and imports from Japan tumbled more than 25 percent in the afterm 536870914 1635018784
June 07, 2011
New Chief For Suning In Beijing
Chinese home appliances and electronics retailer Suning has appointed Hou Enlong, former head of Suning Chongqing, as new general manager of Suning Beijing.
June 06, 2011
Shieh Yih Machinery`s New Plant in Kunshan Begins Mass Production
Shieh Yih Machinery Industry Co., one of Taiwan`s leading manufacturers of presses, has begun mass production at its new plant in Kunshan, Jiangsu province, China, which will roll out high-value-added products as over 3,000-ton medium and large presses that can be adopted by China`s carmakers.
June 02, 2011
Machinery Industry Calls for Signing FTA with Europe, U.S.
Faced with the imminent implementation of FTA (free trade agreement) between South Korea and European Union, C.C. Wang, president of Taiwan Association of Machinery Industry (TAMI) recently called for the government to sign the same agreement with EU, the U.S. and ASEAN (Association of Southeast Asian Nations).
June 01, 2011
Dell Sees Good Growth In China
Paul-Henri Ferrand, president for the Asia Pacific and Japan regions of Dell, revealed that Dell China's revenue increased by 22% during the first quarter of 2012 fiscal year.
May 31, 2011
EDS would boost engineering and manufacturing sector in West Bengal - CII
The Engineering Design Services industry over the last couple of years has moved from one off project based delivery to a partnership model. Many new industries are vying for EDS utilization. The growth of the industry is fast and expected to be double digit in next couple of years. The situation has created a plethora of new business & operational models, novel utilities, innovative frameworks, and immense knowledge base. Today Indian Engineering Services Companies are helping through innovative ways setting up operations or implementation of projects of global Engineering Giants.
May 30, 2011
Taiwan`s Machinery Industry May Achieve Output of NT$1 Trillion
Countering Taiwan Association of Machinery Industry chairman Hsu Hsui-tsang`s optimism that the domestic machinery industry will achieve production value of NT$1 trillion, the IEK (Industrial Economics and Knowledge Research Center) of the government-funded Industrial Technology Research Institute (ITRI) said such value will reach only NT$950 billion or may challenge NT$1 trillion.
May 26, 2011
Expert backs China model
BOAO, Hainan - Economies of the United States and China are so intertwined that one's healthy economic growth will benefit the other.
May 25, 2011
China Steel to Tap Taiwan`s Stainless-steel Market
China Steel Corporation (CSC), Taiwan`s largest integrated producer of steel products, will tap the NT$100-billion a year domestic stainless-steel market.
May 24, 2011
David Brown, Bharat Forge Venture Targets India’s Industrial Sector
50-50 joint venture will supply gearboxes, industrial aftermarket services
Gear manufacturer David Brown Group is forming a joint venture with India’s Bharat Forge to produce gearboxes and other provide aftermarket services to India’s power, mining, defense, wind, rail and steel industries. According to the shareholders’ agreement, David Brown Systems India (Holdings) Ltd. and BF Infrastructure Ventures Ltd. (BFIVL) will be 50-50 partners in the venture that is due to start assembling and testing new gearboxes by the middle of 2012.
May 23, 2011
The 8th China (Beijing) Int' Casting Industry Expo 2011
Time: 10 August 2011 - 12 August 2011
Description: CIEXPO-China (Beijing) International Casting Industry Exhibition is a brand exhibition which was built by Beijing Hiven Exhibition Co., Ltd and industry authoritative organizations through their 7-year’s great effort. Since its foundation in 2004, organizer stands at the industry frontier and continuously forges ahead, exhibition quality and service level were promoted completely, now it has become an indispensable business coorperation platform for casting&forging enterprises to promote brands, expand oversea resources and do technology promotion. It gains good reputation from spectators at home and abroad due to its professional spirit, scientific organization, and normal international operation. It has played an irreplaceable role in promoting buyers and sellers enter into contracts.
May 21, 2011
China International Forging Summit 2011 in May
Two-day Beijing event to address “optimizing forging development strategies”
The China International Forging Summit 2011 is a two-day conference taking place in Beijing in late May, and bringing together C-level executives, business development managers, metallurgists, and brand and product experts, to discuss the policies and regulations affecting China's forging industry. The event will give primary attention to China’s recently issued “Equipment Manufacturing Restructuring and Revitalization Plan,” which is focused on heavy casting and forging operations.
May 20, 2011
Leading Machine-tool Makers Expected to Score Big Earnings
Thanks to the cross-Taiwan Strait ECFA (economic cooperation framework agreement) hitting the road and the shift of orders from Japan in the wake of the massive earthquake devastating northeastern Japan, Taiwan`s leading manufacturers of machine tools and accessories, including Hiwin Technologies Corp., Tongtai Machine & Tool Co. and AirTac International Group, will be able to make big earnings this year as they have seen order visibility through the end of this year.
May 19, 2011
David Brown, Bharat Forge Venture Targets India’s Industrial Sector
50-50 joint venture will supply gearboxes, industrial aftermarket services
Gear manufacturer David Brown Group is forming a joint venture with India’s Bharat Forge to produce gearboxes and other provide aftermarket services to India’s power, mining, defense, wind, rail and steel industries. According to the shareholders’ agreement, David Brown Systems India (Holdings) Ltd. and BF Infrastructure Ventures Ltd. (BFIVL) will be 50-50 partners in the venture that is due to start assembling and testing new gearboxes by the middle of 2012.
May 17, 2011
Alcoa to Support Aluminum Projects in China
Alcoa and the China Development Bank (CDB) signed a Memorandum of Understanding to collaborate on an array of aluminum and related projects both in China and abroad, focusing on Alcoa partnering with Chinese companies on global expansion projects and developing China’s domestic aluminum industry. The MOU will support Alcoa’s expansion around the world through knowledge-sharing and potential financing support on appropriate projects.
May 16, 2011
Asus Chooses Chongqing For Computer Manufacturing Base
The one of world's leading computer providers, Asus has signed an agreement with Chongqing to locate its worldwide computer manufacturing base and its second Chinese operational headquarters in the city.
May 13, 2011
Power supply shortage to have limited impact on Chinese steel industry
It is reported that power limit bolstered the recent steel market due to possible supply shortage in current peak season of demand. But power limit policy may affect limited impact on steelmakers. The power shortage may be more severe in following period, but not severe as energy saving campaign in September 2010.
May 11, 2011
Higher Production Costs Shift Chinese Manufacturing
For decades, China’s factories have supplied the world with cheap goods - from denim jeans to desktop computers. But export prices are expected to go up as Chinese manufacturers are battered by higher wages, more expensive raw materials and an appreciating currency.
May 10, 2011
Exports of Taiwan-made Machine Tools Grow 68.2% in First Two Months
Taiwan exported US$524.04 million wroth of machine tools in the first two months of this year, up a whopping 68.2% year-on-year, according to customs cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
May 05, 2011
Chinese export growth rate may slide to single digit levels
Mr Wei Jianguo secretary general of China Center for International Economic Exchange said that this years' foreign trade situation is not promising, the growth rate of China's export may slide to single digit levels.
May 04, 2011
Chinese Firm Buys Offshore Software Development Company
VanceInfo Technologies Inc., an IT service provider and one of the leading offshore software development companies in China, has announced that it has acquired a 100% stake in the main operating subsidiary of LW International Holdings Limited.
May 03, 2011
Taiwan`s Handset Manufacturers to See Revenue Rebound in Q2
Mainly benefiting from customers’ inventory draw, most of Taiwanese handset and parts manufacturers are expected to see their revenues rebound in the second quarter of this year.
May 02, 2011
M-Team Alliance to Create NT$50 B. in Annual Machine Tool Production
Taiwan`s machine-tool industry has officially formed the M-Team Alliance to help related domestic makers upgrade product quality and shorten delivery time. The alliance is expected to create NT$50 billion in yearly production value.
April 28, 2011
Micron Executive Tips Teamwork With Inotera on NAND Manufacturing
Taipei, April 27, 2011 (CENS)--Michael W. Sadler, Vice President of Corporate Development at Micron Technology Inc., recently said his company may extend its cooperation with Inotera Memory Inc. into NAND Flash production from DRAM manufacturing.
April 27, 2011
Intel Inks Deal In China With Tencent For Mobile Phones
Chinese Internet company Tencent has formed a strategic alliance with Intel and Razer to develop a new RazerSwitchblade handheld device with Tencent's games.
April 26, 2011
Wistron Acquires Big-ticket Orders from Hewlett Packard
Taipei, April 25, 2011 (CENS)--Wistron Corp., Taiwan`s leading contract manufacturer of notebook computers, recently landed big-ticket orders for consumer models, realizing double-digit sales growth in the second quarter of this year.
April 25, 2011
Taiwan`s Machine-tool Production Fully Booked in Q2
Thanks to the effects of the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA) and the shifting of orders from Japan because of the massive damage wrought by the recent earthquake and tsunami there, Taiwan`s leading manufacturers of machine tools have their production lines fully booked for the second quarter of this year, according to a survey conducted by the Taiwan Association of Machinery Industry (TAMI).
April 22, 2011
Urumqi Welcomes TCL's New Industrial Park Project
Chinese home appliances and electronics group TCL has signed a framework agreement with Urumqi Economic & Technological Development Zone, to build a TCL industrial park project in Xinjiang.
April 20, 2011
China International Forging Summit 2011 in May
Two-day Beijing event to address “optimizing forging development strategies”
The China International Forging Summit 2011 is a two-day conference taking place in Beijing in late May, and bringing together C-level executives, business development managers, metallurgists, and brand and product experts, to discuss the policies and regulations affecting China's forging industry. The event will give primary attention to China’s recently issued “Equipment Manufacturing Restructuring and Revitalization Plan,” which is focused on heavy casting and forging operations.
April 19, 2011
Facebook Places Orders for Servers With Quanta Exclusively
In its first direct procurement in Taiwan, Facebook, the largest social networking website worldwide, has placed orders for servers with Quanta Computer exclusively, underscoring its acknowledgement of the latter`s outstanding technology for contract production.
April 18, 2011
Taiwan Aims for Global No. 3 Exporter of Machine Tools in 2011
Taipei, April 15, 2011 (CENS)--The cross-Taiwan Strait economic cooperation framework agreement (ECFA) will help to drive Taiwan`s exports of machine tools to exceed US$4 billion this year, elbowing out Italy to take the top-three spot in exports of machine tools, says Hsu Hsiu-tsang, chairman of the Taiwan Association of Machinery Industry (TAMI).
April 14, 2011
Chinese Forger Orders SMS Open-Die Press
Qiqihar North Forging Steel will process high-strength materials
Press builder SMS Meer reports news of a new order it has received from China’s Qiqhar North Forging Steel Co. Ltd., in northeastern province of Heilongjian. The 60/70-MN open-die press will form high-strength materials like tool steel, stainless steel, and high-alloy specialty grades for a range of industrial products.
April 13, 2011
Taiwan`s Machinery Exports to Grow 25% in 2011
The sustained economic growth worldwide will help to fuel Taiwan`s machinery exports, to total between 20% and 25% year-on-year to exceed US$20 billion in 2011, according to an estimate by the Taiwan Association of Machinery Industry (TAMI), adding that the domestic machinery sector`s exports will grow 30% year-on-year in the first quarter.
April 12, 2011
Haier Plans Greater Investment In Guangdong
Chinese home appliances and electronics maker Haier has started the construction of a new project in Foshan Sanshui Industrial Park, Guangdong.
April 11, 2011
Taiwan`s Machine Tool Exports Grow 67.6% in January
Taiwan exported US$298.23 million of machine tools in January 2011, up 67.6% year-on-year, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF), of which exports of metal-cutting machine tools amounted to US$234.43 million, up 70.9% and that for metal-forming machine tools came to US$63.79 million, up 56.7%.
April 07, 2011
Taiwan`s Machine-tool Firms Packed With Orders in First Half
Thanks to the economic recovery and the cross-Taiwan Strait economic cooperation framework agreement (ECFA), Taiwan`s leading machine-tool manufacturers, including Fair Friend Group, Victor Taichung Machinery Works Co., Tongtai Machine & Tool Co., Taiwan Takisawa Technology Co., Kao Fong Machinery Co. and Yeong Chin Machinery Industries Co., all have full-booked production lines till the end of June.
April 06, 2011
SuperAlloy Lands Forged-Wheel Orders From Luxury-Car Brands
SuperAlloy Industrial Co., Ltd., a major manufacturer of forged wheels in Taiwan, recently claimed to have landed orders from five international luxury-car brands for aluminum forged wheels.
April 05, 2011
Enlarged TI Outsourcing Seen to Benefit Taiwan`s Contract Makers
In spite of several factory takeovers last year, Texas Instruments (TI) has been ramping up outsourcing to Taiwan`s pure manufacturers, suggesting the company`s strategy of diversifying supply sources to spread risks.
April 04, 2011
Chinese, U.S. steel firms open joint venture
Jinhuan steel, a leading private steel manufacturing company based in China's Hebei province, and Rigid Building Systems, a Houston-based steel building company, officially opened their joint-venture Rigid Global Buildings Friday.
March 31, 2011
China to appeal WTO fasteners - Report
Reuters quoted a person familiar with the case said China will this week appeal a World Trade Organisation ruling in a case against the European Union and saying the decision does not go far enough in its favor.
March 29, 2011
Chinese steel grating exports suffer setbacks in North American markets
According to MOFCOM, Canada Border Services Agency released final determination to impose double penalties on steel gratings imported from China through half year investigation with the maximum anti-dumping duties and countervailing duties arriving at 85% and CNY 13064 per tonne respectively.
March 25, 2011
Jaguar Freight Expands Services To Shenzhen
U.S.-based Jaguar Freight Services has opened a new sales office in Shenzhen, marking the company's official entry into mainland China.
March 24, 2011
New R&D Location In Taiwan For 3M
3M plans to invest USD10 million to build a new research and development center in the northern part of Taiwan.
According to George Buckley, chief executive officer of the company, this move is expected to help promote 3M's future investment in Asia.
March 22, 2011
Baosteel ranks the third on the world class steel makers list
According to the latest list of the 20 largest steel enterprises in the world, China 9 leading steelmakers are on the list. ArcelorMittal is still the top steel producer in the world. China HBIS and Baosteel rank the second and the third.
March 21, 2011
IBM Fined USD10 Million For China Corruption
The U.S. Securities and Exchange Commission charged IBM with funneling gifts, cash, and entertainment to government officials in South Korea and China.
March 18, 2011
Clients Switching to Taiwanese Hi-Tech Firms Following the Earthquake
Taipei, March 17, 2011 (CENS)--A number of domestic hi-tech firms have received rush orders in the wake of the massive Japanese strong earthquake, due to demand transferred from the clients of Japanese suppliers.
March 17, 2011
Hiwin Technologies Flooded With Orders for Vibration Controller
Taipei, March 16, 2011 (CENS)—“One man`s bane is another man`s bounty’ has become reality, for the catastrophic quake and tsunami that have hit northeastern Japan is bringing good news to Hiwin Technologies Corp., Taiwan`s leading manufacturer of precision machinery components, in the form of orders from Japan for vibration-control systems used in high-rise buildings.
March 15, 2011
Global supply chains feel impact of Japan earthquake
Global companies from carmakers to smartphone manufacturers faced disruptions to operations after the earthquake and tsunami in Japan destroyed vital infrastructure and left plants in some areas of the country crippled.
March 14, 2011
WTO reverses U.S. trade measures against China
The World Trade Organization's appellate body has largely reversed a previous panel ruling on China-U.S. trade and supports China in its complaint against American anti-dumping measures imposed on four sets of Chinese exports.
March 11, 2011
Japanese Consortium to Build New Aerospace Forger
50K-ton press will be the centerpiece of venture starting in 2014
Four companies are pooling their resource to establish a new forging operation in Japan, capable of producing large-scale components in titanium, nickel, and other specialty metals and alloys metals for aircraft engines and fuselages. High-alloy forgings for power plants will be another target market for Japan Aeroforge Ltd., which is a partnership of Hitachi Metals, Ltd., Kobe Steel Ltd., IHI Corp. and Kawasaki Heavy Industries Ltd., capitalized at 3.7 billion yen (about $45 million.)
March 10, 2011
Q2 price estimates remain positive in iron ore market
Contemporary physical iron ore market is beset with depression as the buying interest is poor. The steel future has remained on a negative course barely giving any optimism to the market.
The current phase of decline in iron ore prices is the first time in the last 6 months.
March 09, 2011
China's Wuhan Steel plans listing of overseas mines - paper
SHANGHAI - China's third-largest steelmaker, Wuhan Iron and Steel Group Corp (WISCO), may list its overseas iron ore assets as part of its next five-year plan, the China Securities Journal reported on Tuesday.
March 08, 2011
Taiwan’s Teco Group to Set up Electric-motor Plant in India
Taipei, Feb. 25, 2011 (CENS)--The Teco Group, Taiwan’s leading electric-machinery conglomerate, will set up a plant to produce large electric motors in Vadodara of Gujarat, an industrial province in western India, says Ted Huang, chairman of the group. The project is expected to be kicked off sometime in the middle of this year.
March 07, 2011
Alibaba's Taobao.com On American Government "Notorious" List
Chinese search engine Baidu.com and an e-commerce subsidiary of Alibaba, Taobao.com, have just been placed on the United States Trade Representative's "Notorious Markets List".
March 04 2011
Fair Friend Aims for World`s No. 1 Producer of Machine Tools
Taipei, March 2, 2011 (CENS)--Fair Friend Group, Taiwan`s leading manufacturer of machine tools, recently said it aims to score NT$100 billion in sales in 2018, becoming the world`s largest machine-tool conglomerate in terms of sales value.
March 02, 2011
China Eyes U.S. Defense Contracts
Hoping to Compete on Cost, Stealth-Jet Maker AVIC Teams With Tiny U.S. Firm; Any Bid Likely to Draw Fierce Resistance.
March 01, 2011
Tata Steel raises forging and speciality product prices
Tata Steel is raising prices of its forging steels, engineering bar and aerospace products following demand improvement.
February 25, 2011
China's Haier Group Inks Deal With American Company
During the recent U.S.- China Trade and Economic Cooperation Forum, Chinese home appliances maker Haier Group and U.S.-based Honeywell signed a memorandum of understanding to collaborate on the development and promotion of low-emission, high energy-efficiency products and solutions.
February 24, 2011
Siemens to modernize plate mill of Handan Steel
Siemens VAI Metals Technologies has received an order from Handan Iron & Steel Co Ltd Ltd a Chinese steel producer to fit its three meter plate mill in Handan with a new basic and process automation system. After modernization, the mill will produce high quality heavy plate for shipbuilding and pipeline construction.
February 22, 2011
Missouri die-cast firms mixed on magnesium tariff decision
WASHINGTON - Die-casting companies in Missouri had mixed views on whether a decision by the U.S. International Trade Commission to end one antidumping tariff but continue another on imported magnesium would help their businesses.
February 21, 2011
Chinese aluminum and lead smelters reopening on power supply
Reuters reported that aluminum and lead production in China is rising after smelters in Henan and Guizhou received more power supplies this month allowing them to ramp up idle and new capacity.
February 19, 2011
Taiwan`s Machine-tool Firms See Big Sales at IMTEX 2011
Taipei, Feb. 17, 2011 (CENS)--Taiwan`s leading machine tool makers, including Tongtai Machine & Tool Co., Falcon Machine Tools Co., Fair Friend Enterprise Co. and Hiwin Technologies Corp., all achieved good results at the IMTEX 2011, the 15th Indian Metal-cutting Machine Tool Exhibition held Jan. 20-26 at the Bangalore International Exhibition Center (BIEC) in Bangalore, India.
February 18, 2011
China's Haier Group Inks Deal With American Company
During the recent U.S.- China Trade and Economic Cooperation Forum, Chinese home appliances maker Haier Group and U.S.-based Honeywell signed a memorandum of understanding to collaborate on the development and promotion of low-emission, high energy-efficiency products and solutions.
February 17, 2011
Chinese Producers Adding Boron to Avoid U.S. Antidumping Duties
Commerce Department Rules that Plate Falls within Scope of Antidumping Order
CHARLOTTE, N.C., Feb. 16, 2011 /PRNewswire/ -- The Department of Commerce has issued an affirmative preliminary circumvention ruling determining that Chinese imports of cut-to-length carbon steel ("CTL") plate that include economically and metallurgically insignificant amounts of boron are subject to the antidumping duty order on CTL plate.
February 15, 2011
New China System Support Center For Rockwell Collins
U.S.-based Rockwell Collins has further expanded its offerings in the region with the opening of its new China system support center in Shanghai.
February 14, 2011
US to pursue WTO cases against China - Report
The US announced that it would go ahead with a complaint against China at the World Trade Organization over restrictions on foreign payment card firms like Visa Inc and American Express Co.
February 11, 2011
Taiwan`s Machinery Exports Surge 53.4% in First 11 Months of 2010
Taipei, Feb. 10, 2011 (CENS)--Taiwan exported US$15.592 billion worth of machinery products in the first 11 months of 2010, representing a 53.4% year-on-year growth, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
February 10, 2011
Chinese flat product exporters positive about post holiday scenario
Chinese mills are affirmative about firming up of both domestic as well as export offers after the Lunar Holidays. With the foundation already laid by a high raw material costs and price hike for February the mills hope to capitalize on improved end user demand as the peak season unfolds and the international price levels remain firm.
February 09, 2011
Nigeria finalizes agreement for pipe mill with Jiangsu Yulong
It is reported that Nigerian Content Development & Monitoring Board and China's major welded line pipe maker Jiangsu Yulong Steel Pipe have agreed to implement a schedule that will lead to the setting up of a 250,000 tonnes per annum longitudinal submerged arc welded pipe mill in Nigeria by September 2012.
February 08, 2011
Asustek, Fraser & Neave, Hon Hai Precision: Asia Ex-Japan Equity Preview
The following companies may have unusual price changes today in Asian trading, excluding Japan. Stock symbols are in parentheses, and share prices are from the previous close, unless noted otherwise.
February 07, 2011
Technology Import Tax Drops In China
According to the Customs Tariff Commission of the State Council of China, starting from January 27, 2011, the import tax of some information technology products, including computers and video camcorders, has been lowered from 20% to 10%.
February 04, 2011
Machine-tool Firms Scramble to Display Innovative Products at TIMTOS 2011
Taipei, Feb. 1, 2011 (CENS)--Taiwan`s manufacturers of machine tools and relevant accessories are rushing to showcase innovative products at the 2011 Taipei International Machine Tool Show (TIMTOS 2011), slated for March 1-6 at the Taipei World Trade Center, to vie for ample business opportunities in the wake of economic recovery.
February 03, 2011
Dhgate.com To Invest CNY100 Million In Southern China's Sourcing Sector
Chinese business-to-business e-commerce website Dhgate.com has announced that it plans to invest CNY100 million to build its South China base in the next two years.
January 31, 2011
Alibaba To Build Warehouses In China To Assist Logistics Push
E-commerce behemoth Alibaba Group is planning to push its resources offline in a move to enhance its logistics abilities. More...»
January 27, 2011
China's Ministry of Railways Signs Sourcing Deal With GE
GE Transportation has signed a letter of intent with China's Ministry of Railways valued at USD1.4 billion.
January 26, 2011
Chinese Company Eyes USA Polysilicon Manufacturing
U.S.-based Wells Fargo & Company signed a strategic cooperation agreement last week with China's Baoding Tianwei Group focused on the development and building of solar power products in the United States.
January 25, 2011
Xinxing Pipes to restructure special pipe assets
It is reported that Xinxing Ductile Iron Pipes plans to restructure its special pipe assets jointly with Sichuan Sanzhou Special Pipe in order to avoid potential competition and cooperate in the areas of high grade special steel pipes and precision pipes.
January 24, 2011
Foxconn Releases Chinese Export Figures
Foxconn Technology Group has announced that in 2010, the company's export value from its Shenzhen processing and trade enterprise reached USD48 billion, a year-on-year increase of 50%.
January 21, 2011
Australia govt: 20 pct of qtr coal exports lost to floods
Gov't forecasts 20pct of Australia's quarterly coal exports lost to floods
SYDNEY, Jan 21 (Reuters) - Australia's devastating floods, which shut mines and damaged rail lines, could cut coal exports by around 15 million tonnes, or 20 percent this quarter, even as collieries show signs of recovery, the government's commodities forecasting agency said on Friday.
January 20, 2011
Chinese stainless steel maker becomes world's No.1
Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO) in north China's Shanxi Province maintained its world leading position in stainless steel production, which rose 9.68 percent year on year to 2.72 million tonnes in 2010, the company said in a statement Tuesday.
January 19, 2011
Dell Chooses Hunan For New Operations Center
PC maker Dell has announced plans to build a new China operating center in Changsha, capital of Hunan province.
January 17, 2011
Syndiant Expands To Hong Kong
Syndiant, a producer of high resolution microdisplays for pico projectors, is expanding its global reach to include offices in the Hong Kong Science and Technology Park.
January 14, 2011
Machine-tool Makers to Raise Prices by 7% After Lunar New Year
Due to rising prices of key components and raw materials, Taiwan`s leading manufacturers of machine tools will raise prices between 5% and 7% after the lunar New Year holidays starting in February, which is likely to negatively impact industries as 3C (consumer electronics, computers, communications), optoelectronics, semiconductor, and automobile and motorcycle components.
January 13, 2011
Chinese steel majors diversifying amid steel profit squeeze
Thursday, 13 Jan 2011It is reported that suffering from low profits a subsidiary of one of China largest steel mills debuted in the food market with wine and olive oil as its main business.
January 12, 2011
Outsourcing: New Pressures to Stay Home, Old Reasons to Go Abroad
As wages and other costs increased in recent decades, U.S.-based global manufacturers gradually opted to outsource more and more of their production to suppliers in Asia, especially China. This process may have made sense for U.S. multinationals that needed to compete with companies based in those low-cost countries -- and with multinationals from other countries doing business there. And outsourcing has indeed lowered the costs of many products.
January 11, 2011
Witkey Chinese Outsourcing Services Continue Gaining Internet Momentum
News emanating from the First World Witkey Conference held in Chongqing late last year, is that the trading volume of Chinese Witkey websites was over CNY300 million in the last year.
January 08, 2011
China's Top Internet Sourcing Site Plans Expansion
Alibaba.com and Taobao.com, the two subsidiaries of the Chinese e-commerce group Alibaba, jointly announced plans to launch a new Internet shopping website under the domain name of Lp.taobao.com.
January 07, 2011
Taiwan Cement to Build Three Plants in China in 2011
Taipei, Jan. 7, 2011 (CENS)--Taiwan Cement Corp., Taiwan`s leading cement producer, will begin construction of three cement plants in Sichuan and Guizhou provinces, China in 2011.
January 04, 2011
High-end Machine Tool Makers Aim for 100% Mfg. in Taiwan
Taipei, Dec.31, 2011 (CENS)--The early-harvest list of the ECFA (economic cooperation framework agreement) will become effective on Jan. 1, 2011 but limits the manufacturing origin of machine tools, which forces Taiwan`s manufacturers of high-end machine tools to try to fully fabricate such items on the island.
January 03, 2011
Sandvik Plans Chinese Supplier Acquisition
Sandvik has reached an agreement with the owners of Shanghai Jianshe Luqiao Machinery Company Ltd. to acquire 80% of the equity interest in Jianshe Luqiao.
The acquisition is expected to be completed within six to nine months, following customary regulatory approvals.
December 30, 2010
Export Control Violation Involving U.S. Company In China
PPG Industries announced that it and its wholly-owned subsidiary, PPG Paints Trading Shanghai, have reached a settlement with the U.S. Department of Justice and the U.S. Department of Commerce's Bureau of Industry and Security related to violations of U.S. export control laws in connection with certain paint shipments in 2006 for use by the Pakistan Atomic Energy Commission in the construction of a nuclear power plant.
December 28, 2010
US threatens China with WTO case on rare earth exports
It is reported that US trade officials recently threatened trade action against China over exports of rare earth materials, one day after embarking on a separate case before the World Trade Organization against wind power subsidies.
December 27, 2010
Bermuda Signs Tax Agreement With China
In a move that could affect how companies register overseas, Bermuda has signed a bilateral agreement with China that provides for a full exchange of information on tax matters between the two countries.
December 24, 2010
Chinese Internet Sourcing Giant Dives Into Rural
AreasChinese Internet Sourcing Giant Dives Into Rural Areas China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.
December 23, 2010
Chinese steel industry still operating on a profit margin
China Daily reported that China steel industry is operating on a profit margin lower than all other industries touching 3.5% pushing the industry to reform its structure.
December 22, 2010
U.S. Political Pressure Pushes Chinese Website To Ban Counterfeiters' Ads
Chinese Internet sourcing behemoth Alibaba.com has bowed to complaints from a United States senator that the website was helping to promote counterfeit goods.
December 21, 2010
Chin Fong and Japan-based Yamada Dobby to Tap China Market for Pressing Machines
Taipei, Dec. 20, 2010 (CENS)--Chin Fong Machine Industrial Co., Taiwan`s largest manufacturer of pressing machines, has recently tied up with Yamada Dobby Corp., Japan`s largest producer of high-speed presses, to tap the massive China market, with the joint-venture plant in Ningbo of Zhejiang province to make EH-series high-speed presses for 3C (consumer electronics, communications and computers) production equipment there.
December 20, 2010
Baosteel to supply 1 billion pop cans for Coca Cola
It is reported that Baosteel, the largest listed steelmaker in China is expected to supply 1.2 billion pop cans for Coca Cola accounting for 40% of Coca Cola total demand for the Chinese market.
December 16, 2010
American Lawsuit Hits Chinese Tech Manufacturer
U.S. broadband service provider Novatel Wireless has sued its competitors Franklin Wireless and ZTE for infringing five patents related to its MiFi mobile hotspot equipment.
December 15, 2010
Low demand of steel contradicts with high inventories in China
The recent price rise and production volume of crude steel hasn’t improved actual transaction in China’s steel market because of the high inventory.
December 14, 2010
New China Manufacturing Facility For Dow Electronic
Dow Electronic Materials, a business unit of The Dow Chemical Company, has broken ground on its new China manufacturing facility in Zhangjiagang.
December 13, 2010
Alibaba.com Announces Chinese Logistics Acquisition To Bolster Online Sourcing Services
Chinese business-to-business e-commerce firm Alibaba.com Limited has entered into an agreement to acquire Shenzhen One-Touch Enterprise Service Limited, a provider of one-stop services for exporters in China, for an undisclosed sum.
December 11, 2010
Chinese Tech Firm Signs Purchase Agreements With USA Companies
ZTE Corporation announced that it has signed purchase agreements with five U.S. technology vendors at total value of USD3 billion.
December 10, 2010
Corning Welcomes New Shanghai Manufacturing Facility
Corning Incorporated broke ground on the previously announced USD125 million expansion of Corning Shanghai Company Limited, Corning's automotive substrate facility in Shanghai.
December 08, 2010
Macroeconomic indicators - Biggest challenge is restructuring in China
Xinhua quoted a well known economist said that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth. More...»
December 06, 2010
Emerging Market/China Outsourcing Issues. A Speech.
Last week, I gave an hour long talk before the Pacific Northwest Chapter of the International Association of Outsourcing Professionals (IAOP). My talk was entitled, “The Legal Myths, Realities, Traps and Benefits to Outsourcing to an Emerging Market,” but I should have called it everything you need to know about the law of outsourcing, crammed into an hour.
December 03, 2010
Hoeganaes Opens Facility in China
Hoeganaes Corporation opened a new premixing and market-support facility in Danyang, Jiangsu Province, China. The facility will support the growing China powder metallurgy market with quick delivery of press-ready premixes as well as warehousing the full portfolio of Hoeganaes’ products. The new facility includes a high-quality mixing facility, fully equipped laboratory with technical support and quality-assurance services local to the Chinese market.
December 01, 2010
Slight price rising in Chinese steel market at the end of November
Long products rise rather strong, while plate products lack the impetus to rise. This latest trend in Chinese steel market of slight rise and price shocks come hand in hand.
November 26, 2010
The allure of outsourcing too powerful for U.S. companies to resist
One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)
November 25, 2010
2011 steel prices in China may be higher than 2010
The future trend of China steel market is becoming increasingly clear.
Following the profit increase of both upstream and downstream industries of steel industry, there is no way the steel industry will maintain the recent small profitability. Therefore, the market price of 2011 will be higher than that of this year.
November 24, 2010
Businesses lose graduate talent to outsourcing suppliers, says expert
Organisations that outsource technical work are losing graduate IT talent to its suppliers, according to an industry expert.
November 23, 2010
Hewlett-Packard Adds New Chinese Outsourcing Hub
Hewlett-Packard has announced that it has established a new information service center and the Chinese hub of its Best Shore global outsourcing service center in Suzhou, to provide customized information technology consulting and outsourcing services to its clients in eastern China.
November 22, 2010
Hon Hai Signs MOUs With Five Silicon-Valley Firms
Taipei, Nov. 19, 2010 (CENS)—Hon Hai Group, Taiwan’s leading manufacturing firm, signed memoranda of understanding for cooperation with five hi-tech firms in the U.S. Silicon Valley yesterday (Nov. 18), in an attempt to combine its manufacturing prowess with the cutting-edge technologies of the U.S. in coping with the formidable challenge from Taiwan’s rivals in Northeast Asia, notably South Korea.
November 19, 2010
Taiwan`s Machinery Industry Posts Sizable Exports in First 10 Month
Taipei, Nov. 18, 2010 (CENS)--Taiwan`s machinery industry scored US$13.5 billion in exports in the first 10 months, surging 54% year-on-year, according to statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
November 18, 2010
China has no plans to confront US on exchange rate
It is reported that China would like to take a very constructive attitude toward deepening the economic and trade cooperation with the United States.
November 15, 2010
Export of Taiwan-made Machine Tools Grow 62.9% in First Eight Months
Taipei, Nov. 10, 2010 (CENS)--Taiwan’s machine-tool industry saw exports total US$1.84 billion in the first eight months, up 62.9% from a year earlier, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
November 12, 2010
Fair Friend Budgets US$100 M. to Acquire Four Machine-tool Plants
Taipei, Nov.11, 2010 (CENS)--Fair Friend Group, the largest machine-tool conglomerate in China, recently announced a plan to invest over US$100 million, or about NT$3.1 billion, to acquire four machine-tool plants in Europe, South Korea and Taiwan, with the acquisition to help Fair Friend generate an additional annual sales of over NT$10 billion, says group chairman Jimmy Chu.
November 11, 2010
Production Value of Taiwan`s Machinery Sector to Top $1 Trillion
Taipei, Nov. 10, 2010 (CENS)--Due to the ECFA (economic cooperation framework agreement) and sharp appreciation of the Japanese yen against the greenback, Taiwan`s machinery industry will see overall production value reach NT$950 billion and exceed NT$1 trillion, said Hsu Hsiu-tsang, chairman of the Taiwan Association of Machinery Industry (TAMI).
November 10, 2010
Chinese government pledges to cut toxic dioxin emissions
The Chinese government has pledged to cut dioxin emissions by 10 percent in key industries such as the steel industry and waste incineration in the next five years.
November 09, 2010
Outsourcing: PM says India not stealing jobs
Even as US President Barack Obama tried to clarify his earlier comments on outsourcing of jobs, Prime Minister Manmohan Singh said that India has no interest in 'stealing' American jobs.
November 08, 2010
China first exported 600 MW supercritical coal power unit
Sunday, 07 Nov 2010Dow Jones quoted the State owned Assets Supervision and Administration Commission said, China first exported 600 MW supercritical coal fired power generator has been successfully connected to the grid in Turkey.
November 06, 2010
Green tech threatened by metal imports
A topic most people once considered as boring as dirt — rare earth minerals — has fast become a matter of international significance with a direct impact on green technologies and consumer electronics.
November 05, 2010
Globalization Ain’t All Bad, Really!
Globalization is not inherently bad, but raises moral, and ethical issues with personal and corporate financial effects. Should businesses outsource manufacturing, locally or abroad, to improve productivity and lower costs? Should a country stop trade with another country with a proven track record of human rights abuse, such as China, until China stops abusing human rights?
November 04, 2010
Developing the outsourcing industry
THE 3rd International Outsourcing Business Development Summit is to be held in the Zhejiang Narada Grand Hotel from today until Wednesday.
November 03, 2010
China aims to shake up global rare earths trade
Reuters reported that if plans in Beijing come to fruition, a few miners will control all of China’s rare earths output while a vibrant processing industry turns the country into a net importer of the valuable raw materials.
November 02, 2010
India to discuss outsourcing curbs with Obama
BANGALORE: The Indian government will discuss a host of issues, including the outsourcing curbs, with US President Barack Obama during his visit to India November 6-9, Union Minister of State for Communications and Information Tachnology T Sachin Pilot said on Thursday.
November 01, 2010
Chinese steel industry challenged by oversupply, rising costs: CISA
BEIJING, Oct. 29 (Xinhua) -- China's medium and large iron and steel manufacturers are facing tough times this year, squeezed by market oversupply and increased production costs, the China Iron and Steel Association (CISA) said Friday.
October 29, 2010
China faces trade rule challenges in defending export curbs on rare earths
Thursday, 28 Oct 2010 Bloomberg reported that China may be vulnerable in seeking to defend its restraints on the export of rare earths or other commodities because of conditions it accepted when joining the World Trade Organization in 2001.
October 28, 2010
Handan Steel to supply 7000 tonnes of J55 petroleum casing pipe
According to a statement issued on October 24th by Hebei Province based Chinese steelmaker Hebei Iron and Steel Group, its subsidiary Handan, Hebei-based Handan Iron and Steel Group has won an order for 7,000 tonnes of J55 petroleum casing pipes.
October 27, 2010
China to heed calls to let Yuan appreciate
Tuesday, 26 Oct 2010Bloomberg reported that Yuan forwards recovered from their steepest slide in 22 months on optimism policy makers will heed a call by the US urging China to allow a stronger currency.
October 26, 2010
Agie supplies EDM machines for mould-tool making
Toolmaker Camcraft has bought three EDM machines from Agie Charmilles for manufacturing complex mould tools and inserts for gas turbines used in the power-generation and aerospace sectors.
October 25, 2010
Taiwan Machinery Industry`s Exports Up 52.1% Year-on-Year
Taipei, Oct. 22, 2010 (CENS)--Taiwan`s machinery industry exported US$9.373 billion of machinery in the first seven months, up 52.1% from a year earlier, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
October 24, 2010
China to Consider Appealing WTO Decision on U.S. Steel Duties
Oct. 23 (Bloomberg) -- China will consider appealing a World Trade Organization decision to reject the bulk of the country’s complaints against U.S. duties on imports of steel pipes and other products.
October 23, 2010
U.S. Trade Commission Orders Duties on Coated Paper Imports
United Steelworkers (USW)
Decision Confirms Injury to U.S. producers, workers by China & Indonesia.
October 22, 2010
AVIC Heavy Machinery and Caterpillar to set up JV in Wuxi
China Knowledge reported that AVIC Heavy Machinery Co Ltd subsidiary AVIC Liyuan Hydraulic Co Ltd will team up with Caterpillar Inc, the world leading producer of bulldozers and excavators to set up 50:50 joint ventures at Wuxi in Jiangsu Province.
October 21, 2010
Taiwan`s MOEA Goes to USA to Attract Investments
Taipei, Oct. 20, 2010 (CENS)--To continually shore up the domestic economy, the Ministry of Economic Affairs (MOEA) vice minister Lin Sheng-chung will on Oct. 24 lead a group to the U.S. to attract investments related to the high-tech industries of cloud computing, bio-technology, semiconductor and green energy.
October 20, 2010
China must avoid yuan over adjustment
People Daily cited a central bank spokesman said China must ensure its currency moves in a controllable manner and not become over adjusted in response to market forces.
October 19, 2010
Taiwan Machinery Industry Does Brisk Trade in First Nine Months
Taipei, Oct. 19, 2010 (CENS)--Taiwan exported US$12.031 billion of machinery in the first nine months of this year, surging 54.4% year-on-year, as well as imported US$19.012 billion of machinery, for a 97.5% year-on-year growth, according to preliminary statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
October 15, 2010
Second-quarter Growth in Taiwan`s Machinery Sector to Remain Strong
Taiwan`s machinery industry is steadily recovering from the global meltdown with overall production value totaling US$3.85 billion in the first quarter of 2010, for a 32.2% year-on-year growth, says W.C. Cheng, industry analyst at the officially-backed Industry & Technology Intelligence Services (ITIS) program, adding that the current recovery may not take the industry back to pre-meltdown levels, with significant recovery not likely to occur until 2011.
October 13, 2010
Yuan’s Hong Kong Premium Widens to Record 2%: China Credit
Oct. 13 (Bloomberg) -- Investors and companies are paying a record premium to obtain yuan in Hong Kong’s offshore market, taking advantage of looser restrictions to stock up on a currency appreciating at the fastest pace in five years.
October 12, 2010
Baoshan Steel profits beat expectation
Baoshan Iron & Steel Co, China's biggest publicly traded steelmaker, said profit for the first nine months may have risen by between 170 percent and 190 percent from a year ago, more than earlier forecast.
October 11, 2010
China seeks sustainable rare earths measures
Reuters reported that China's measures to control rare earths exports are geared to sustainable exploitation of the minerals.
October 08, 2010
Taiwan`s Machine Tool Exports Jump 56.8% in First Seven Months
Taipei, Oct. 5, 2010 (CENS)--Taiwan exported US$1.549 billion of machine tools in the first seven months of 2010, for a year-on-year growth of 56.8% from a year earlier, according to statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
October 06, 2010
Gear production using Hermle five-axis machining
Geo Kingsbury Machine Tools has revealed that gears can now be manufactured on Hermle five-axis machining centres following a tie-up between the machine tool builder and software firm HPG.
October 05, 2010
Taiwan’s Machinery Sector Recovers Steadily Despite Uncertain Future
Taiwan’s machinery industry scored NT$145.89 billion (US$4.56 billion) in production value in the second quarter of this year, up 59.3% from a year earlier, according to statistics compiled by the government-backed Industry & Technology Intelligence Services Office (ITIS), which says the domestic machinery industry is recovering steadily from the global meltdown, but won’t likely return to pre-crash peaks in 2008 until 2011.
October 04, 2010
Will the winter be a warm season for Chinese steel industry
From a comprehensive perspective of view, the fourth quarter of this year will not totally be depressing for China’s steel industry. But to have a “warm” winter will not be that easy either.
Certain factors will lead to unavoidable ups and downs for steel price.
October 01, 2010
Chinese vendors catching up with Indian peers: Report
Chinese software services companies are fast learning to compete with their counterparts in India on certain verticals and may have already started to take away business from some of them. A US-based analyst firm and part of the privately-held financial institution, SIG (Susquehanna International Group), in its recent report, has said companies such as Microsoft (NASDAQ:MSFT) , Samsung and Cisco Systems (NASDAQ:CSCO) are moving some of their work to Chinese companies because they not only offer comparable services but also at 25 per cent discount compared with Indian IT vendors.
September 30, 2010
China's machinery, electronic exports rank 1st worldwide
The export volume of China's machinery and electronic products exceeded Germany for the first time and ranked the first worldwide in 2009, but the proportion of high-tech products is small, according to a report released during the ongoing 11th China International Machinery and Electronic Producers Exposition held in Wuhan, capital of central China's Hubei Province.
September 29, 2010
China's steel mills slam unfavourable pricing
China reopened its war of words with global iron ore miners on Tuesday as the spokesman for the country's big steel mills vowed they would not be bullied into accepting unfavourable pricing systems.
September 28, 2010
Regional dynamism powers Asian aerospace 2011
Strong carrier performances and expanding aerospace manufacturing sector attract global industry heavyweights
September 27, 2010
Machine-tool Score Orders Switched From Japan
Taipei, Sept. 20, 2010 (CENS)--Taiwan’s leading manufacturers of machine tools, including Hiwin Technologies Corp., Anderson Group, Taiwan Takisawa Technology Co. and Tongtai Machine & Tool Co., are seeing robust growth in orders amid sharp appreciation of the Japanese yen against the U.S. greenback.
September 23, 2010
Second-quarter Growth in Taiwan`s Machinery Sector to Remain Strong
Taiwan`s machinery industry is steadily recovering from the global meltdown with overall production value totaling US$3.85 billion in the first quarter of 2010, for a 32.2% year-on-year growth, says W.C. Cheng, industry analyst at the officially-backed Industry & Technology Intelligence Services (ITIS) program, adding that the current recovery may not take the industry back to pre-meltdown levels, with significant recovery not likely to occur until 2011.
September 22, 2010
Machine-tool Score Orders Switched From Japan
Taipei, Sept. 20, 2010 (CENS)--Taiwan’s leading manufacturers of machine tools, including Hiwin Technologies Corp., Anderson Group, Taiwan Takisawa Technology Co. and Tongtai Machine & Tool Co., are seeing robust growth in orders amid sharp appreciation of the Japanese yen against the U.S. greenback.
September 21, 2010
Geithner calls for faster yuan appreciation
WASHINGTON (MarketWatch) –- Treasury Secretary Timothy Geithner called for China to allow “significant, sustained appreciation” of its currency Thursday and said the Obama administration was exploring “what mix of tools” might encourage Beijing to allow the yuan to rise at a faster clip.
September 20, 2010
China seeks to play green with black energy
For China, coal has been both an economic driver and a source of pollution.
However, the world's fastest growing economy will continue to rely upon coal in upcoming decades to fuel its economic growth; the difference is that it is also striving to do so in a greener fashion to keep its promise on emission cuts.
September 18, 2010
Gov`t Will Phase Out Outdated Heavy-Industry Factories
Taipei, Sept. 15, 2010 (CENS)--To uphold the cause of energy conservation and carbon abatement, the government will phase out outdated cement factories featuring high energy consumption and high pollution and curb the share of cement export in total output to 30% by 2015, down from 40-50% now, said Shih Yen-shiang, economics minister, yesterday (Sept. 14).
September 17, 2010
Outsourcing: One Tree, Many Branches
Outsourcing industry is not new phenomenon. Driven by the competition and cheap labor outsourcing of manufacturing jobs took place in 1980. Over the period of 3 decades outsourcing history in India, outsourcing has not just remained as an outsourcing; it has led to many inventions, many new areas, and many branches. Outsourcing industry was a sapling when it was started India. Global business leaders planted this sapling in the past and now it has grown as a big tree. This tree has led to many branches. These branches have led to many sub branches.
September 15, 2010
Leading Machinery Firms’ Sales Double in First Eight Month
Taipei, Sept.15, 2010 (CENS)--Taiwan`s leading listed machinery firms, including Hiwin Technologies Corp., Tongtai Machine & Tool Co., Hota Industrial Mfg. Co., Kao Fong Machinery Co., Goodway Machine Corp., Taiwan Takisawa Technology Co. and Anderson Group, saw cumulative sales more than double year-on-year in the first eight months of this year.
September 14, 2010
Higher duties on Chinese steel pipe
The US Commerce Department made the final decision on Monday to impose anti-dumping and countervailing duties on seamless steel pipe imported from China, according to reports from the China News Agency.
September 13, 2010
Machine-tool Orders Jam Taiwan`s Production Lines
Thanks to the economic recovery, Taiwan`s machine-tool industry is booming. Major manufacturers such as the Goodway Machine Corp., Awea Mechantronic Corp., Kao Fong Machinery Co., Victor Taichung Machinery Works Co., and Tongtai Machine & Tool Co. all experienced a sales growth of more than 100% in the first four months of the year, and their production lines are booked full through the second quarter.
September 12, 2010
Taiwan`s Machinery Makers to be Busy Throughout 2010
Taipei, Sept. 9, 2010 (CENS)--Rising orders and profit margin are putting Taiwan`s listed machinery firms in the black and generating pre-meltdown earnings.
September 10, 2010
Second-quarter Growth in Taiwan`s Machinery Sector to Remain Strong
Taiwan`s machinery industry is steadily recovering from the global meltdown with overall production value totaling US$3.85 billion in the first quarter of 2010, for a 32.2% year-on-year growth, says W.C. Cheng, industry analyst at the officially-backed Industry & Technology Intelligence Services (ITIS) program, adding that the current recovery may not take the industry back to pre-meltdown levels, with significant recovery not likely to occur until 2011.
September 08, 2010
Chinese steel makers rise more on production curbs
HONG KONG (MarketWatch) -- Chinese steel makers soared to extend their rally Tuesday after Mysteel.com and other local media reports said authorities have asked several companies to temporarily suspend production in order to help China meet its energy-saving targets.
September 07, 2010
Hiwin Technologies Most Profitable Machinery Firm in Taiwan
Taipei, Sept. 3, 2010 (CENS)--Thanks to influx of orders and continued growth in shipments, Hiwin Technologies Corp., Taiwan’s leading manufacturer of linear-motion components and devices, was Taiwan’s most profitable machinery concern by scoring NT$2.34 in after-tax earnings per share, trailed by Fu Chun Shin Machinery Manufacture Co. with after-tax EPS reaching NT$1.54, and Tongtai Machine & Tool Co. with NT$1.35.
September 06, 2010
5 Hot Outsourcing Markets
While India remains a favorite destination for financial services IT outsourcing, five up-and-coming global regions are competing for business.
September 03, 2010
Exports overcome steel hiatus
A REGULARLY scheduled shutdown of Chinese steel mills and the importation of six Super Hornet aircraft for the RAAF took the edge off Australia's stellar trade performance in July, leaving the nation with only the fourth-best performance on record.
September 02, 2010
China's demand stokes fast growth rate
Australia's economy grew at the fastest pace in three years last quarter, stoked by China's demand for iron ore, boosting the currency on speculation interest rate increases will resume early next year.
August 31, 2010
Outsourcing Iѕ Picking Pace
BPO οr Business Process Outsourcing іѕ a very common аnd mushrooming phenomenon thеѕе days. BPO саn bе defined аѕ thе accomplishment οf a business task frοm ѕοmе outside agency. Fοr instance a company саn аѕk οr hire аn external agency tο maintain іtѕ οld records аnd accounts. Thе phenomenon οf outsourcing wаѕ nοt ѕο well established before a decade. Initially ѕοmе οf thе relatively small аnd low grade jobs lіkе οld storage record οf thе company wеrе outsourced іn United States. Gradually wіth thе budding success аnd confidence, valuable аnd crucial jobs lіkе payroll accounting, human resource tasks – recruitment, training аnd development οf employees joined thе fray.
August 28, 2010
Die casting
An engine block with aluminum and magnesium die castings.Die casting is the process of forcing molten metal under high pressure into mold cavities (which are machined into dies). Most die castings are made from non-ferrous metals, specifically zinc, copper, aluminium, magnesium, lead, pewter and tin based alloys,[1] although ferrous metal die castings are possible.[2] The die casting method is especially suited for applications where a large quantity of small to medium sized parts are needed, ensuring precise surface quality and dimensional consistency.[2]
August 27, 2010
Die casting
An engine block with aluminum and magnesium die castings.Die casting is the process of forcing molten metal under high pressure into mold cavities (which are machined into dies). Most die castings are made from non-ferrous metals, specifically zinc, copper, aluminium, magnesium, lead, pewter and tin based alloys,[1] although ferrous metal die castings are possible.[2] The die casting method is especially suited for applications where a large quantity of small to medium sized parts are needed, ensuring precise surface quality and dimensional consistency.
August 26, 2010
Chinalco ready to step on coal and iron ore field
The Aluminum Corporation of China (Chinalco) is mapping out to complete corporate strategic transitions for the following three years, catapulting itself also to coal and iron ore fields, disclosed Xiong Weiping, chairman of Chinalco Tuesday.
August 24, 2010
Schuler forging presses supplied to China
Schuler is supplying two forging presses to Shandong Shantui Construction in Jinging, China, to help the company modernise and expand production of crawler trucks and support rollers.
August 21, 2010
Economy China's trade surplus likely to shrink
"Given that growth in exports outpaces that of imports, as shown by the July trade figures, the Chinese government is planning to adopt measures during the rest of the year to boost demand for imports and balance foreign trade," ministry spokesperson Yao Jian said at a press briefing.
August 20, 2010
T-Team Formed to Tap Synergy of Taiwan’s Hand-tool Maker
Taking after the success of Taiwan’s A-team, an alliance among leading bicycle brands as Giant, Merida and subcontractors in Taiwan, 14 ambitious hand tool makers formed the “T-team” on July 22, 2009 in Taichung County, central Taiwan, aided by the Corporate Synergy Development Center (CSDC), to sharpen their core competency through closer cooperation, aiming to build synergy to cope with the ever-challenging global market.
August 19, 2010
Crude steel production rebounds for 1st time in 3 months
The China Iron & Steel Association (CISA) reported that in early August its members produced 14.1 million tons of crude steel, with national daily crude steel output totaling 1.7 million tons, an increase of 77,000 tons compared to the end of July. This is the first increase of crude steel output in three consecutive months.
August 17, 2010
Researchers Figure Out Why DLC Hard Coatings Fail in Implant Applications
Extra-hard coatings made from diamond-like carbon (DLC) extend the operating lifetime of tools and components. In artificial joints, however, these coatings often fail because they detach. Empa researchers found out why - and developed methods to both make the interface between the DLC layer and the metal underneath corrosion-resistant and to predict the lifetime of the implants.
August 16, 2010
Megamill enables heavy-part machining
A DS Technology product story Edited by the Manufacturingtalk editorial team Aug 9, 2010
DS Technology has launched the Megamill moving-crossrail vertical-spindle machining centre for the manufacture of parts found throughout heavy engineering.
August 14, 2010
The Annealing Process Revealed (Part One: Basic Principles)
One of the most fundamental processes that must be performed on steel is annealing. While a relatively simple heat treatment to perform, there are a number of factors that must be carefully considered and controlled. In this article, we will discuss the basic principles behind the annealing process. Let’s learn more.
August 13, 2010
Liaoning's exports rank 8th in China
According to the provincial Bureau of Foreign Trade and Economic Cooperation, Liaoning has achieved $20.883 billion in terms of exports, a 47.78% increase and a record high, ranking eighth in China. The number of exports is 12.6 percentage points higher than the national average level and the increase rate ranks second among 10 southeast coastal provinces. Fourteen cities of Liaoning have increasing rates of exports exceeding 30%.
August 12, 2010
China's status as developing nation beyond doubt
Voices challenging China's national identity as a developing country, which claim that China is a quasi superpower or that the so-called G2 of China and the United States rules the world, have become louder and louder in light of the rapid development of China's overall national strength in recent years.
August 11, 2010
Iron Ore Imports by China Increase in July for First Time in Four Months
Aug. 10 (Bloomberg) -- Iron ore imports by China, the largest buyer of the steelmaking ingredient, rose for the first time in four months in July, indicating steelmakers are restocking after depleting inventories.
August 09, 2010
Boeing weighs outsourcing Chinook part; union objects
Boeing is considering outsourcing the manufacturing of a part on the Chinook CH-47 in what company officials call a move to streamline operations to meet burgeoning demand. But union representatives say it will block hundreds of jobs from being created at the Delaware County facility.
August 06, 2010
Nomura pins hopes on surging China commodity demand
Nomura Holdings Inc plans to boost commodity trading in Asia, betting China will lead a global revival in demand for iron ore, coal and metals.
August 05, 2010
Taiwanese Hand-tool Makers Inventively Cope With Downturn Patented mechanisms help to leverage glob
Hand tools, both for DIY and professionals, are products whose demands are as certain as economic volatility these days. After all, how many DIYers are going to budget for more hand tools when their jobs are threatened; while professional-grade tools certainly are deprioritized for replacement when business sags and orders are merely trickling.
August 04, 2010
Taiwan Machine-tool Industry`s Exports Grow 45% in First Five Months
Taipei, Aug. 3, 2010 (CENS)--Taiwan exported US$1.029 billion of machine tools in the first five months, up 45% year-on-year from US$710 million, according to customs-cleared statistics compiled by the Taiwan Machine Tool Foundation (TMTF).
August 03, 2010
China Taiyuan says to invest in CNMC's Myanmar nickel projectLatest News in Companies
Taiyuan Iron & Steel, China's top stainless steel mill, will take a 40 percent stake in an $800 million Myanmar nickel project to assure material for its Shanxi Taigang unit, a firm official said on Monday.
August 02, 2010
Nanomaterials Poised For Big Impact In Construction
Bricks, blocks, and steel I-beams - step aside. A new genre of construction materials, made from stuff barely 1/50,000th the width of a human hair, is about to debut in the building of homes, offices, bridges, and other structures. And a new report is highlighting both the potential benefits of these nanomaterials in improving construction materials and the need for guidelines to regulate their use and disposal. The report appears in the monthly journal ACS Nano.
July 31, 2010
Taiwan`s Galvanized Steel Firms Pressured by China`s Tax Rebate
China will cancel 9% export tax rebate on hot-rolled steel beginning July 15, but keep rebates on cold-rolled steel and galvanized steel coils, which is expected to strain Taiwan`s exporters of galvanized steel.
July 29, 2010
Callaway will move assembly work to Mexico
Jorge Salazar, a Callaway Golf Club inspector, works with custom woods in the production facility.
CARLSBAD — Callaway Golf plans to shuffle its business operations to cut costs by moving its North American golf club assembly from Carlsbad to Monterrey, Mexico.
July 28, 2010
What China's Currency Reform Means For Investors
The Chinese government's move to allow its currency, the renminbi, to appreciate against the dollar provided a big boost for U.S. stocks as investors expressed their confidence that American companies will be able to gain a firmer foothold in China's notoriously protective economy. Specifically, China's weak currency has propped up the country's exporters, while at the same time making imports costly. With the Chinese government's decision, which was announced over the weekend, to officially begin strengthening the renminbi, Chinese consumers will be better able to afford foreign goods, including those produced in the United States.
July 27, 2010
Formosa Plastics Partners with China Steel in Vietnam
Taipei, July 26, 2010 (CENS)--Formosa Plastics Group (FPG), Taiwan`s leading manufacturer of plastic products and China Steel Corp. (CSC), Taiwan`s leading manufacturer of steel products, will team in Vietnam to tap the Asian steel market.
July 26, 2010
China Steel Lowers Sept.-delivery Wholesale Prices by 4%
Taipei, July 22, 2010 (CENS)--China Steel Corp. (CSC), Taiwan`s largest integrated producer of steel products, recently cut wholesale prices for its most popular hot-rolled steel by NT$1,800 per metric ton, or 7%, which exceeds market expectations.
July 25, 2010
FARNBOROUGH: Pakistan and China eye export JF-17 customers
China and Pakistan are eyeing international customers for their Chengdu/Pakistan Aeronautical Complex (PAC) JF-17 fighter, which is making its Western air show debut at Farnborough.
July 23, 2010
Outsourcing risks in Korea
So you have decided to outsource the manufacturing of your products to Korea. Good choice in choosing quality-focused Korea over quantity-focused China, but don't make the bad choice of not even taking the basic legal steps necessary to protect your good name, technology, brand and the future of your business.
July 22, 2010
Wuhan Iron & Steel snaps up Venezuelan ore
Wuhan Iron & Steel Group, China's third-biggest steelmaker, will buy iron ore from Venezuela at a long-term contract price this year, paving the way for a "China Price" separate from what the big three global miners are charging.
July 21, 2010
China's steelmakers see great potential in Australian magnetite ore
As these steel producers nurture new supply sources they could well end up cutting China's reliance on giant miners like Rio Tinto and BHP Billiton.
July 19, 2010
Steel Stocks to Catch Cold as China Sneezes
NEW YORK (TheStreet) - U.S. steel production and prices may decline further during the upcoming weeks, lagging the trends in China's steel industry by two to three months.
July 16, 2010
Steel industry may sell inventories for a steal
To sell, or not to sell? This is the question at hand for Yao Xinhong sitting on more than 4,700 tons of steel inventory.
July 15, 2010
Stable Currency 'Vital for Exports
A leading Chinese trade think-tank called on the government to ensure there are no major changes to currency and export-related policies, citing the "unhopeful" prospects for Chinese exports in the coming months despite the better-than-expected performance in June.
July 14, 2010
Second-quarter Growth in Taiwan`s Machinery Sector to Remain Strong
Taiwan`s machinery industry is steadily recovering from the global meltdown with overall production value totaling US$3.85 billion in the first quarter of 2010, for a 32.2% year-on-year growth, says W.C. Cheng, industry analyst at the officially-backed Industry & Technology Intelligence Services (ITIS) program, adding that the current recovery may not take the industry back to pre-meltdown levels, with significant recovery not likely to occur until 2011.
July 13, 2010
FARNBOROUGH: BAE to ramp up work on JSF production
As the USA's sole Level One partner on the F-35 Joint Strike Fighter, the UK has a pivotal role in the Pentagon's largest ever procurement effort as a customer and as an industrial participant.
July 12, 2010
Taiwanese Machine-tool Firms` Sales Surge in H1
Taipei, July 12, 2010 (CENS)--Thanks to the influx of orders, Taiwan`s leading manufacturers of machine tools, including Hiwin Technologies Corp., Tongtai Machine & Tool Co., Kao Fong Machinery Co., Awea Mechantronic Corp. and Goodway Machine Corp., all saw sales double in the first half of this year from a year earlier.
July 09, 2010
China steel giant calls for fair market environment in U.S.
China's Anshan Iron and Steel Group Corp. called for maintaining a fair market environment in the U.S. on Wednesday after 50 U.S. lawmakers sought to block its investment in a U.S. steel company.
July 07, 2010
Taiwan Exports US$4.8 B. Machinery in First Four Months of 2010
Taipei, July 6, 2010 (CENS)--Taiwan exported US$4.85 billion of machinery in the first four months, up 40.3% year-on-year, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
July 06, 2010
China plans to maintain export limits on minor metals
China, facing a trade probe by the World Trade Organization (WTO) on raw-material export constraints, will continue to curb shipment and production of minor metals to conserve resources and limit pollution, an official said.
July 05, 2010
Top Leaders from Asia Metal Industry to Converge in China at Asia Metallurgy Technology Summit 2010
'Asia Metallurgy Technology Summit 2010' will be held from September 27 to 28 in Shanghai, China. Organized by Global Leaders Institute, and supported by the Shanghai Society of Metals and Korean Institute of Metals and Materials, the Asia Metallurgy Technology Summit 2010 is a high-level summit focusing on the profound, overall and strategic technological issues facing the steel industry.
July 01, 2010
China plans to maintain export limits on minor metals
China, facing a trade probe by the World Trade Organization (WTO) on raw-material export constraints, will continue to curb shipment and production of minor metals to conserve resources and limit pollution, an official said.
June 30, 2010
Peabody, Coal Companies Slip on Slowing China Growth
June 29 (Bloomberg) -- Peabody Energy Corp., the largest U.S. coal mining company, led producers lower on concern that economic growth in China is slowing, damping demand for the power plant and steelmaking fuel.
June 29, 2010
Illegal operation blamed for China's coal mine explosion killing 49
BEIJING, June 28 (Xinhua) -- Illegal operation and storage of explosives had caused an underground coal mine explosion that killed 49 in central China a week ago, the State Administration of Work Safety (SAWS) said Monday.
June 28, 2010
JETRO to Promote Supporting Industries at METALEX Vietnam 2010
It is unsurprising that on June 10, 2010 in the Sheraton Saigon Hotel & Towers, HCMC, Vietnam, Mr.Yoshida Sakae, Managing Director of the Japan External Trade Organization (JETRO), Ho Chi Minh Office, Mr. Nguyen Anh Ngoc, Deputy Director of The Investment & Trade Promotion Centre of Ho Chi Minh City and Ms. Nichapa Yoswee, Managing Director of Reed Tradex, attended a contract signing ceremony for JETRO to officially confirm its co-attendance at METALEX Vietnam 2010, to network with Japanese industrialists to reduce machinery import and urge Vietnamese SMEs to develop higher competitiveness to further stoke Japanese investment, especially considering that Japanese investors are the biggest amid foreigners in investment scale.
June 25, 2010
Taiwan`s Steel Makers Upbeat for Rebate Cut by China
Taipei, June 24, 2010 (CENS)--With China expected to cancel the 9% export tax rebate for hot-rolled steel, Taiwan`s steel firms, including China Steel Corp. (CSC), Chung Hung Steel Corp., Kao Hsing Chang Iron & Steel Co., Sheng Yu Steel Corp. and Yieh Phui Enterprise Co., are looking forward to rosier operations.
June 24, 2010
Shandong Nanshan Orders 14 Extrusion Presses
SMS Meer received an order from China’s Shandong Nanshan Aluminium Co. Ltd. for the supply of 14 light-metal extrusion presses. The new presses cover the press force range of 11 MN to 150 MN. They are used to produce standard structural profiles, seamless aluminum tubes and heavy industrial profiles. SMS Meer front-loading extrusion presses offer high machine availability, large billet charge weights and safe loading procedure. Commissioning is scheduled for late 2011 or early 2012.
June 23, 2010
TSRC to Build Joint-venture Plants in China and India
Taipei, June 23, 2010 (CENS)--To sharpen global competitive edge and overcome material supply shortage in Taiwan, TSRC Corp., Taiwan`s leading manufacturer of synthetic rubber, plans to build new joint-venture plants in China and India.
June 21, 2010
Over 10 Kinds of Machine Tools to Enter ECFA Early-Harvest List
Taipei, June 18, 2010 (CENS)--The government has managed to have over 10 machine-tool items enter the early-harvest list, or priority items for tariff cut or market opening, of the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), said Premier Wu Den-yi yesterday (June 17).
June 18, 2010
Minmetals plans more overseas M&As
China Minmetals Group, the nation's largest metals trader, is planning more overseas mergers and acquisitions (M&A) in ferrous metals this year to bolster its raw material supplies.
June 17, 2010
Steel exports may falter after policy change
Chinese steel exporters may see hurdles later this year, as the country is set to limit exports in high polluting, high energy-consuming, and resource sectors, according to media reports Monday.
June 16, 2010
Steel mills resisting higher iron ore prices
Steel mills in China, the world’s biggest, are resisting efforts by Vale SA, Rio Tinto Group and BHP Billiton Ltd. to raise contract prices after steel dropped and the European debt crisis roiled markets, the China Iron and Steel Association said.
June 15, 2010
Small coal mines to be shuttered to boost China's energy efficiency
The country is to shut down small- and medium-sized coal mines with an annual output under 1.2 million tons over the next three to five years, a Chinesebusiness newspaper said Thursday.
June 14, 2010
Good Friend Expected to Post Over 80% Growth in Sales in 2010
Taipei, June 14, 2010 (CENS)--Thanks to the fast development of the automobile, infrastructure and rollstock engineering sectors in China, Good Friend International Holdings Inc., a subsidiary of the Taiwan-based Fair Friend Enterprise, recently anticipated its annual sales to shoot up 80% to 90% year-on-year to reach 770 million renminbi, or NT$3.58 billion, in 2010.
June 11, 2010
Machine-tool Orders Jam Taiwan`s Production Lines
Thanks to the economic recovery, Taiwan`s machine-tool industry is booming. Major manufacturers such as the Goodway Machine Corp., Awea Mechantronic Corp., Kao Fong Machinery Co., Victor Taichung Machinery Works Co., and Tongtai Machine & Tool Co. all experienced a sales growth of more than 100% in the first four months of the year, and their production lines are booked full through the second quarter.
June 10, 2010
Asian stocks recover on China export surge
SINGAPORE: Most Asian stock markets clawed back early losses on Wednesday as news of stronger-than-expected exports from China offset worries that Europe’s debt problems will stifle demand for Asian goods.
June 09, 2010
Steel exports may falter after policy change
Chinese steel exporters may see hurdles later this year, as the country is set to limit exports in high polluting, high energy-consuming, and resource sectors, according to media reports Monday.
08, 2010
Taiwan`s Shippers Budget NT$100 B. to Expand Fleet
Taipei, June 4, 2010 (CENS)--Driven by promising prospects of the shipping industry, Taiwan`s shippers are kicking off shipbuilding plans. Besides Evergreen Marine`s plan to order 100 ships, Sincere Navigation Corp. and Chinese Maritime Transport Ltd. are investing in new vessels, with U-Ming Transport also considering following suit.
June 05, 2010
China Gerui Advanced Materials Group Limited Closes $18.8 Million Private Placement Transaction
ZHENGZHOU, China, June 4 /PRNewswire-Asia-FirstCall/ -- China Gerui Advanced Materials Group Limited (Nasdaq: CHOP) ("China Gerui," or the "Company"), a leading niche and high value-added steel processing company that utilizes advanced technology to produce specialty steel products in China, today announced that on June 4, 2010, the Company closed a private placement transaction with a group of accredited investors pursuant to which the Company raised $18.8 million via the sale of 3,303,771 of the Company's ordinary shares at a purchase price of $5.70 per share.
June 04, 2010
China's Shougang to take over scandal-hit Tonghua Steel
China's seventh-largest steel maker Shougang Group will take a majority stake in debt-ridden Tonghua Iron and Steel, where workers murdered a takeover manager from a private steel group last year, the China Daily said on Thursday.
June 02, 2010
Gov’t to review prices of steel products
Filed Under: Economy and Business and Finance, Iron & Steel
WITH TARIFFS ON RAW MATERIALS for galvanized iron (GI) sheets set to go down to zero, the Department of Trade and Industry will be revisiting the current suggested retail prices (SRPs) of steel products, to ensure that these are in line with world price movements and the new tariff regime.
June 01, 2010
US urges China to 'go further' in opening up
US Treasury Secretary Timothy F. Geithner urged China to "go further" in opening more to imports and foreign investment from the US, while he acknowledged the progress that Chinese government has made during the past few years.
May 31, 2010
Outsource more work to solve our labour woes, says economist
Provincial government says idea won't solve future problems
Immigration isn't the answer to New Brunswick's future labour shortage, says Peter Hall, vice-president and chief economist for Export Development Canada.
May 30, 2010
Die-casting mold manufacturer in China Current Situation and Development
Cavity Mold Manufacturing Co., Ltd., Guangzhou (Guangdong, Guangzhou 510250) Cai Zijin an introduction to the production of our die-casting mold production and number second only to die and plastic mold, mold all kinds of output accounted for about 8%. Has formed the ~ branches have a certain scale, technologically advanced industrial countries can be followed.
May 29, 2010
China details 2010 metals capacity closing plan
BEIJING/HONG KONG, May 27 (Reuters) - China, the world's top producer of steel and some base metals, will close down more outdated metals production capacity this year, the Ministry of Industry and Information Technology said on Thursday.
May 28, 2010
Wang Presses U.S. on Lifting Export Controls to China (Update2)
May 24 (Bloomberg) -- China pressed the U.S. to provide a timetable for relaxing restraints on technology exports after Commerce Secretary Gary Locke pledged to scale back the number of products covered by the restrictions.
May 27, 2010
Aerospace firm wins C919 deal
$1b long-term contract for aircraft's electric power generation system
BEIJING - US Aerospace firm Hamilton Sundstrand said it has won a $1 billion long-term contract to provide the electric power generation and distribution systems for China's first single-aisle C919 aircraft, beating rivals including General Electric Co.
May 26, 2010
Latest in Two-wheeler Innovation Exhibited at Motorcycle Taiwan
The 2010 Taiwan International Motorcycle Industry Show (Motorcycle Taiwan) was held on Apr. 15-18 at the Taipei World Trade Center (TWTC) Exhibition Hall 1, coinciding with the timing of the Taipei AMPA (Taipei International Auto Parts & Accessories Show) and 2010 AutoTronics Taipei (Taipei International Automobile Electronics Show) at the TWTC Nangang Exhibition Hall, both on Apr. 12-15.
May 25, 2010
ICL making hay as China eases out of bromine production
Israel Chemicals' trade relations with Chinese potash companies are creating a buzz in the capital market. These trade relations are also having a fundamental effect on ICL's industrial products division, ICL-IP, which manufactures elementary bromine and bromine-based products such as flame retardants, water treatment products and formulations for the oil exploration and production sector.
May 24, 2010
China, US look to close world's biggest trade gap
The world's largest bilateral trade gap--and how to narrow it--will be the focus of high-level China-US talks in Beijing next week, with export barriers taking centre stage and the yuan lurking on the side.
May 21, 2010
Machinery and Petrochemical May Not on ECFA Early-Harvest List
Taipei, May 20, 2010 (CENS)--In contrary to widespread expectation, petrochemical and machinery may be excluded from the early-harvest list, or priority items for tariff cut or market opening, for cross-Taiwan Strait Economic Cooperation Agreement (ECFA), according to the Chinese-language Economic Daily News (EDN), sister publication of Taiwan Economic News (TEN)
May 19, 2010
High-Tech U.S. Exporters Run Into Problems With Foreign Shipping Firms; Federal Maritime Commission Initiates An Investigation
The Obama administration's goal of doubling exports over the next five years might run into trouble because shipping companies are refusing to ship American exports overseas.
May 18, 2010
Kobe Steel, Partners to Produce Automotive Parts in China
Joint venture for aluminum forgings will copy KAAP
Kobe Steel, Ltd. and two Japanese trading companies plan to establish a joint-venture manufacturing company in China to produce aluminum forgings for automotive suspensions. The project, an estimated $26.8-million investment, is due to start production in August 2012 at Suzhou in Jiangsu Province.
May 17, 2010
Taiwan`s Machine-tool Firms See Production Capacities Jammed
Taipei, May 17, 2010 (CENS)--Thanks to the fast economic recovery and the booming demand of overseas buyers, Taiwan`s leading manufacturers of machine tools, including Tongtai Machine & Tool Co., Goodway Machine Corp., Awea Mechantronic Co., Kao Fong Machinery Co. and Victor Taichung Machinery Works Co., are seeing production capacities fully booked in the second quarter of this year.
May 14, 2010
Greece debt crisis drags down China's exports to Europe
European debt crisis and the consequent sovereign credit risk of developed economies and a new round of global financial market turmoil have limited direct impact on China, but indirect effects can not be ignored.
May 13, 2010
European Motorcycle Makers Want Regulatory Stability and Fair Competition
Europe, one of the world`s most important markets for high-end powered two-wheeler (PTW), products was severely affected by the financial and economic crisis, which struck a blow at public finances, businesses, employment, and household income. Of course, the crisis took a heavy toll on the European motorcycle industry as well.
May 11, 2010
Taiwan Machine-tool Industry`s Exports Grow 10.8% in First Two Months
Taipei, May 10, 2010 (CENS)--Taiwan exported US$311.6 billion of machine tools in the first two months of 2010, for a 10.8% year-on-year growth, according to customs-cleared statistics conducted by the non-profit Taiwan Machine Tool Foundation (TMTF).
May 10, 2010
Corus in talks with Thailand's SSI over sale of Teesside steel plant
Corus is in talks with Thai industrial group SSI over the sale of its Teesside steel plant but any deal could be weeks away, according to sources.
May 07, 2010
India's duty hike to hit China's steel mills
China's steel mills, which depend on iron ore imports from India and Australia, will face major problems in the coming days as India and Australia have hiked export duty on the commodity.
May 05, 2010
China's machine tool industry is now the first two "half"
(Reporter Li Daqing) machine is the machine tools industry, marking a country's industrial level. Reporter April 2 from Fifth China CNC Machine Tool Fair press conference was informed that in 2007,
May 04, 2010
Shapeline Flatness Measurement in China
The demands from users of high quality steel in China are putting increased pressure on the manufacturers to improve control of their processes. Flatter, thinner and stronger grades are more and more required – and to produce and verify the material, advanced measurement systems are required.
May 03, 2010
Commerce minister cautious on export recovery
GUANGZHOU - Chinese Commerce Minister Chen Deming Friday said he remained cautious about growth of exports this year as recovery in demand for China-made goods in the United States and Europe was still very slow.
April 30, 2010
China steelmakers mull iron ore price shift
SHANGHAI -- A state-affiliated industry group vowed Friday to tighten control over iron ore trading as Chinese steelmakers discussed strategy for contentious price talks with global miners — the backdrop to last month's commercial spying and bribery convictions of four Rio Tinto employees.
April 29, 2010
China to gain in US export curbs revamp
BEIJING - The United States seeks to revamp its Cold War-era export control system, which, if effectively implemented, may allow more hi-tech products into China, said analysts.
April 28, 2010
Yuan Gains Won’t Drive Factories Away, HSBC Hong Kong CEO Says
April 28 (Bloomberg) -- Hong Kong companies with factories in China will be reluctant to move abroad as the yuan and labor costs climb, because of their growing focus on domestic sales, HSBC Holdings Plc’s chief executive officer in the city said.
April 27, 2010
Charles River Makes Big Bet on China Outsourcing
Charles River Laboratories International Inc., an American company known for animal testing in medical studies, is betting that cost-conscious drug makers will want to outsource more of their research to China.
April 26, 2010
China Export Orders at Biggest Trade Fair Lag Behind 2008 Level
April 21 (Bloomberg) -- China’s export orders fell 19 percent at the opening session of the nation’s biggest trade fair from the same period in 2008, before the global financial crisis deepened, the commerce ministry said.
April 23, 2010
Bumpy road ahead for exports
Fragile global recovery, trade protectionism risks, says MIIT
BEIJING - Export growth may slow in the second half of this year in China due to risks of a global double-dip recession and rising trade protectionism, the Ministry of Industry and Information Technology (MIIT) said on Thursday.
April 22, 2010
Metal-forming Machine Makers in Taiwan Evolve to Meet Changing Demands
One firm claims world-only
As demands change in end markets, so are makers of metal processing machine tools obliged to evolve. Such has been happening in Taiwan, with makers of machine tools steadily upgrading technologies to turn out a variety of products, with the emphasis on minimizing secondary machining to maximize cost-efficiencies.
April 21, 2010
China to investigate iron ore pricing
China, the world’s largest consumer of iron ore, said it is investigating the possibility that the world’s three largest producers of iron ore may be monopolising control over pricing of the steel-making material.
April 20, 2010
Taiwan`s Machinery Industry Looks to Bright Future after Year-long Slump
Orders pouring in; strong rebound expected ....
April 19, 2010
Kobe Steel to set up aluminum forged parts company in China
TOKYO, April 14, 2010 - Kobe Steel, Ltd. has decided to establish a company in China to produce and market aluminum forgings for automotive suspensions. Plans call for the new company to be established in June in Suzhou, Jiangsu Province. Following construction of a plant, Kobe Steel anticipates that production will begin in August 2012.
April 18, 2010
Chinese Casting Process
Chinese casting companies are able to provide all kinds of casting processes including sand casting, ceramic casts, precision casts, investment castings, diecastings etc. Chinese casting companies provide everything from one-off precision casting parts to high volume sand casting or die cast production in a variety of materials including aluminum, grey or ductile cast iron, steel, stainless steel, etc.
April 16, 2010
Rio Tinto iron ore sales surge on China's economic boom
Rio Tinto's iron ore mines worked at full capacity in the first quarter China's booming economy has helped mining giant Rio Tinto grow first-quarter sales of iron ore by 39%.
April 14, 2010
Chinese giant in the run for Skorpion
CHINA Metallurgical Group Corp, a leading Chinese conglomerate engaged in real estate and construction as well as metallurgy and other industries, is keen to buy the zinc assets of Anglo American Plc, including Skorpion Zinc, chinaknowledge.com reported yesterday.
April 13, 2010
Going It Alone: How to Make Your Stuff in China, Part 2
I am sitting in the lobby of the Royal Plaza Hotel in Mong Kok waiting for the owner of the factory that makes our Neverlate and Quad-Timer items to pick me up.
April 12, 2010
Going It Alone: How to Make Your Stuff in China
Adam Hocherman, 34, is an entrepreneur and founder of the consumer electronics company American Innovative in Boston, MA. Adam founded the company in 2003 with the help of the US Government’s SBA loan program and is currently the 100% owner. He holds a BS in Mechanical Engineering and an MBA, both from Cornell University. Adam’s writings can be found on his blog at DesignTheatre.net and through his Twitter feed. He welcomes your comments. Read more about sourcing in China here.
April 09, 2010
Induction for better productivity and reliability
The pipes or tubes stand out for their excellent straightness and minimum ovalityINDUCTION heating and heat treating is a key process technology for the metal fabricating, automotive, and engine building industries.
April 08, 2010
TEIJIN CHEMICALS GIVES CHINA BASE MORE CONTROL OVER LOCAL OPS
Japan's Teijin Chemicals Ltd., the plastics manufacturing subsidiary of Teijin Ltd. (TSE:3401), is taking steps to strengthen its business operations in China by giving more decision-making power to its base in Shanghai.
April 07, 2010
Yichang Three Gorges, China, orders two continuous annealing lines
Yichang Three Gorges (Yichang Three Gorges Quantong Colored and Galvanized Plate Co., Ltd.), China, ordered two continuous annealing lines.
April 06, 2010
Iron ore imbroglio turns more murky
BEIJING - Chinese steel mills should focus more on diversifying their mining resources to thwart the monopoly of the three global miners on iron ore supplies as the boycott call sought by the steel association may not fetch dividends, industry experts said on Monday.
April 02, 2010
Siemens to Supply Five Strand Comb-Caster to Chinese Steelworks
Siemens VAI Metals Technologies will supply a five-strand combi-caster to Handan Steel Works, part of Handan Iron & Steel Co. Ltd., China.
March 31, 2010
TSRC Corporation to Set up NBR Plant in China
Taipei, March 29, 2010 (CENS)--TSRC Corporation, Taiwan`s leading manufacturer of synthetic rubber, will challenge rival Nantex Industry Co. by setting up a NBR (acrylonitrile butadiene rubber) plant in China, via building a subsidiary temporarily named TSRC NBR Co. in Nantong, Jiangsu province, China through its affiliated Polybus Corporation Pte., with registered capital of US$24.8 million.
March 30, 2010
China’s Stocks Fluctuate; Shipping Lines, Power Shares Slide
China’s stocks fluctuated. Shipping lines and power suppliers dropped on concerns the government may take further measures to slow the economy and a drought in the southwest may hurt the profit outlook. Metals shares gained.
March 29, 2010
Chinese official says China-US trade is win-win game
A sound and stable China-US economic and trade relationship is more important than ever and the trade between the two countries is a win-win game, said Chinese Vice Commerce Minister Zhong Shan in an article published on Friday's Wall Street Journal.
March 25, 2010
China’s Exports, Property Prices Add Pressure to Pare Stimulus
March 10 (Bloomberg) -- China’s exports rose more than forecast in February and property prices jumped the most in almost two years, adding pressure on policy makers to pare stimulus measures adopted during the global recession.
March 24, 2010
Tenova to install a new HPH bell type annealing plant at Tianjin No 1
The Chinese Tianjin No 1 Iron & Steel Group in Tianjin has awarded a contract for the installation of an HPH bell type annealing plant for annealing cold-rolled steel coils to LOI Thermprocess a company of LOI Italimpianti Tenova.
March 23, 2010
Chinese steel consumption to double by 2020, Rio's Walsh says
China's steel consumption is expected to double by 2020 as its urbanisation and industrialisation continues to underpin demand for iron ore, Rio Tinto says.
March 22, 2010
China steel mills face doubling of iron ore prices
Published: 2010/03/20
TANGSHAN: China's steel mills have been asked to accept a doubling of iron ore prices this year by their top supplier, Brazil's Vale, and are facing excessive steel output, a top industry official said.
March 19, 2010
Bokaro steel shines - Posco, SAIL in pact talks
Calcutta, March 18: Vast stretches of free land and the lure of high-grade iron from the Chiria mines are bringing Korean steel major Posco to Bokaro.
March 18, 2010
Demand Grows for Off-Road Accessories in China
The growing body of Chinese truck and SUV owners are showing high demand for off-road accessory products.
March 17, 2010
China’s Economic Growth Momentum Has Peaked, Li & Fung Says
March 16 (Bloomberg) -- China’s growth momentum has peaked as orders and production expand at a slower pace, according to Hong Kong-based Li & Fung Ltd, the world’s biggest outsourcer for retailers.
March 16, 2010
Chinese Casting Processes
Chinese casting companies are able to provide all kinds of casting processes including sand casting, ceramic casts, precision casts, investment castings, diecastings etc. Chinese casting companies provide everything from one-off precision casting parts to high volume sand casting or die cast production in a variety of materials including aluminum, grey or ductile cast iron, steel, stainless steel, etc.
March 15, 2010
Die Casting Process Review
Die casting process uses a split metal tool die where molten metal is injected at high pressure. The cast part is ejected from the tool die by ejector pins on one of the tool die halves. Die casting is best where high production, accuracy, smooth surfaces and intricate small parts are desired. Only non-ferrous materials are die cast, such as aluminum-, zinc-, magnesium, and copper-based alloys.
March 12, 2010
Strong indicators trigger yuan float rumors
BEIJING - The stronger-than-expected 46 percent year-on-year growth in exports during February this year has sparked speculation that the nation may start revaluing the yuan later this month.
March 11, 2010
China Sets Sights on Expanding Auto Parts Exports Globally
2010/03/08
Where car sales boom so will the auto parts segment. Such truism was played out in China in 2009 with its auto parts makers posting a banner year, thanks to the official subsidies that drove up new car sales and hence also fueling downstream demand for auto parts. Most auto parts makers were especially busy meeting mounting orders in the last quarter, traditionally the sales peak season. Makers estimate that orders placed in the fourth quarter grew by at least 10% from the previous quarter.
March 10, 2010
Exports still vital to country's growth
BEIJING: Exports should not be sidelined as the nation rebalances its economy to encourage consumption, top government officials and policy advisors said.
March 09, 2010
Precision Machinery, Mold Manufacturers in Taiwan Form Alliance
Taipei, March 5, 2010 (CENS)--Some 76 manufacturers in Taiwan of precision machinery and molds and dies recently formed a strategic alliance with T.W. Wei, president of Fong Kee International Machinery Co., chosen as the chairman of the alliance.
March 05, 2010
Sintered metal components for autos, motorcycles, machinery
Established in 1978, Kentex Industry Co., Ltd. is a veteran specialist in developing and manufacturing reliable sintered metal components for automobiles, motorcycles, home appliances, machinery etc.
March 04, 2010
China recovery gathers pace as export slump eases
The slump in China's exports eased in November as global demand improved while strong gains in industrial output and retail sales showed that the recovery in the world's third-bigest economy is gathering momentum.
March 03, 2010
Taiwan Machine-tool Makers to Raise Product Prices by 8% in April
Taipei, March 3, 2010 (CENS)--Seeing the price hike in such raw materials and key components as steel, cast iron and CNC (computerized numerically controlled) devices, Taiwan`s leading manufacturers of machine tools will raise selling prices of products starting April 1.
March 02, 2010
Imports set to soar on China-Peru FTA
BEIJING - China's imports of resource-related products from Peru, especially copper and iron ore, will see faster growth this year thanks to the China-Peru Free Trade Agreement (FTA) which came into effect on Monday.
February 26, 2010
China expects 8% export growth in 2010
BEIJING: China's exports may grow by 8 percent in 2010 but problems still existed with getting exports back to pre-crisis levels, according to a statement posted Monday on the website of Ministry of Industry and Information Technology (MIIT), quoting minister Li Yizhong.
February 25, 2010
Taiwan Machinery Industry Predicted to See 23% Growth in 2010
Taipei, Feb. 24, 2010 (CENS)--Thanks to the economic recovery, Taiwan Association of Machinery Industry (TAMI) recently predicted the overall production value for Taiwan`s machinery industry will reach NT$800 billion (US$25 billion) in 2010, for a 23% annual growth.
February 24, 2010
Chang Loon Uses R&D to Build High Wrench Industry Profile
Believing religiously that it is quality that gives life to a product and innovation that infuses spirit into it, the Chang Loon Industrial Co., founded in 1978 in the central Taiwan county of Changhua, has used a relentless focus on R&D to build a high profile as a top-caliber supplier of wrenches in Taiwan.
February 23, 2010
From Do It Yourself to Do It Together
Chris Anderson continues to explore the edges of the Big Shift playing out around us.
February 22, 2010
Ministry optimistic about iron, steel industry in 2010
Updated: 2010-02-20 09:19 Comments(0) PrintMail Large Medium Small
BEIJING: A report by the Ministry of Industry and Information Technology said the overall situation of China's iron and steel industry will be better than last year, thanks to the steady momentum of economic recovery.
February 20, 2010
China Replaces U.S. as Japan's Top Export Market
2009 results show Japan's growing dependence on China
China supplanted the United States as Japan's biggest export market in 2009 for the first time since the end of World War II, according to preliminary figures released by the Finance Ministry on Wednesday.
February 19, 2010
Honda to outsource non-critical processes at Gurgaon plant
Kolkata, Feb 12 (IANS) Honda Motorcycle and Scooter India (HMSI) is planning to outsource some of its non-critical processes at its plant in Gurgaon, on the outskirts of Delhi, to increase its manufacturing capacity from the present 15 lakh units to 16.5 lakh annually, a senior official said Friday.
February 18, 2010
China's demand on steel industry drives prices higher
Vale, the world's biggest iron ore producer, said it would ''struggle'' to meet demand for the steel-making raw material this year as China's economy expands.
February 16, 2010
China's stainless steel capacity seen at 20 mil mt/year end 2010
China's stainless steel capacity is expected to exceed 20 million mt/year by end 2010, up from 15 million mt/year currently, Beijing Antaike Development, the state-run metals information provider said Tuesday.
February 15, 2010
Outlook of China's steel industry better than last year
The outlook of China's steel industry will be better this year than 2009 as the impact of the stimulus package continues, the Ministry of Industry and Information Technology (MIIT) said Saturday.
February 12, 2010
FuYang JinDing orders copper wire rod plant from SMS Meer
FuYang JingDing Non-Ferrous Metal Material Ltd China, a company belonging to XinXing Pipes and a manufacturer of high quality steel pipes has placed an order with SMS Meer, Germany for the supply of a complete plant for the production of copper wire rod.
February 11, 2010
The ‘truth’ about BYD – replication, cost cutting, and car production
Caixin magazine have run a very interesting story on BYD’s business practices which detail BYD’s alleged copyright infringements, and cost cutting business practices:
February 10, 2010
Steel prices set to rise as iron ore talks begin
Rising imported iron ore prices are set to drive up domestic ore prices and force Chinese steel companies to raise the cost of products to counteract possible heavier manufacturing expenses in 2010, a senior official from China's steel association said yesterday.More...»
February 09, 2010
US, China swap more tariffs
China and the United States cranked up the tension Friday as they exchanged new tariffs, underscoring the increasing sensitivity and fragility of the world's most significant bilateral relations, which have been strained in recent weeks.
February 08, 2010
Outsourcing in 2010
THE year 2010 is bringing about a rosy picture for the outsourcing industry. For the past years, I have always relied on the predictions of Everest Research Institute and I am not disappointed.
February 05, 2010
Taiwan`s Plastics Machinery Industry Sees Influx of Orders
Taipei, Feb. 4, 2010 (CENS)--Despite lingering amid the global recovery, Taiwan`s leading manufacturers of plastics and rubber processing machinery have seen production equipment utilization rates return virtually to peak levels after bottoming out earlier.
February 04, 2010
2009 exports of auto parts has been a ray of hope
Before experiencing a sharp decline in sales after the recent sales of the automotive market in Europe and America seem to have picked up signs of bottoming out.
February 03, 2010
Export Strategies of Chinese Motorcycle companies
The Chinese motorcycle manufacturing industry was once synonymous with low-quality on the international market. It was the loose consumer environment with its low requirements for brands and technology that had earned valuable time and nourishment for many enterprises to grow, and now, all of these have become good memories.
February 02, 2010
Precision Castparts Acquires Interest in Chinese Manufacturer
Precision Castparts Corp. acquired a 49% interest in China’s Yangzhou Chengde Steel Tube Co., Ltd. Chengde is a leading manufacturer of seamless, extruded pipe as well as pipe and tubing for energy-related applications.
February 01, 2010
Why do tools have "Drop Forged" stamped on them? What is drop forging?
You see the words "drop forged" stamped on so many tools -- it makes you wonder what the big deal is! Why do manufacturers want you to know that a tool is drop forged?
January 31, 2010
Hardy Auto-repair Tool Makers Stand Out in THS 2009 in Taipei
Calling Taiwan the "Kingdom of Hand Tools" would have been accurate many years ago, but no longer as China and Germany now lead the island with higher annual production values.
January 29, 2010
Digital Tools to Drive Growth of Taiwan`s Hand Tool Industry
With a far higher degree of precision of torque application than traditional mechanical models, digital tools such as torque wrenches and screwdrivers have become an increasingly important category in the hand tool industry. They generate better margins, but at the same time require more advanced production technologies that use electromechanical integration to ensure quality and reliability.
January 28, 2010
Taiwan Cement to Build New Plants in China
Taipei, Jan. 27, 2010 (CENS)--Taiwan Cement Corp. will start plans to build new cement plants in China as the Guangdong provincial government has announced shutting down old plants with five million metric tons in capacity by the end of this year, with total decommissioned capacity to total 30 million metric tons by 2012.
January 27, 2010
Taiwan`s Export Orders Grow Record 52% in December 2009
Taipei, Jan. 26, 2010 (CENS)--The value of export orders received by Taiwan`s manufacturers and traders in December 2009 reached US$31.725 billion for a sharp annual growth of US$10.94 billion or 52.63%, the highest rise ever recorded, according to the statistics released by the Ministry of Economic Affairs (MOEA).
January 25, 2010
Anshan Steel's Fujian deal may signal coastal move
Anshan Iron & Steel Group, China's fourth largest steel maker, has agreed to help restructure the
steel industry in Fujian province, indicating that the firm may build a new mill in the southeastern
province. Anshan Steel and the Fujian provincial government signed a strategic cooperation agreement
on Thursday, the Liaoning province-based steelmaker said.
January 22, 2010
More Supply Could Lower Prices
The Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest independent semiconductor foundry. The cost of building a chip foundry (known in the industry as a Fab) has increased dramatically with each new generation, leading many companies such as NVIDIA, Qualcomm, and Marvell to outsource production to foundries in order to focus on design rather than manufacturing.
January 21, 2010
Kobe Steel Output to Rise to Near Record Levels on China Demand
Jan. 21 (Bloomberg) -- Kobe Steel Ltd., Japan’s fourth- largest producer, said output will rise to near record levels reached before the global financial crisis, as demand from China and Southeast Asia increases.
January 20, 2010
Who wins from China's export growth?
China's quest to become the next global economic superpower has taken an important step forward.
January 19, 2010
China Liquidity Curbs May Slow Steel Demand, UBS Says
Jan. 18 (Bloomberg) -- China’s lending curbs may slow demand growth for steel from ongoing infrastructure and property projects in the world’s largest consumer of the metal, an analyst at UBS AG said.
January 18, 2010
Driving home the advantage
Tech players are drawing synergy from the parent platform to win engineering services outsourcing deals..
January 16, 2010
Outsourcing Point/Counterpoint
Outsourcing may not always be a sure-fire, can't miss strategy for improving bottom line performance.
January 15, 2010
The Top 10 Mistakes Companies Make When Outsourcing Their Semiconductor Manufacturing to Asia, According to SOMC
WAKEMAN, Ohio–(BUSINESS WIRE)– Outsourcing semiconductor manufacturing to subcontractors in Asia is very attractive to companies worldwide primarily because it offers options to reduce cost in manufacturing. However, simple mistakes can cause companies to lose millions of dollars.
January 14, 2010
China 2009 Steel Output Gained 13%, Ministry Says
(Bloomberg) -- Steel production in China, the world’s largest maker, rose an estimated 13 percent in 2009, the Ministry of Industry and Information Technology said.
January 13, 2010
China to push exports recovery, promote trade balance
BEIJING: The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country's senior policymakers agreed at the annual key economic conference on Monday.
January 12, 2010
Export Rally More Likely Later, Not Sooner
HONG KONG: For David Kam and many other local exporters in Hong Kong, 2009 has, without doubt, been a difficult year for business. Amid the volatile global economic conditions, Kam and other exporters in the city are now seeking ways to further develop the market on the mainland.
January 11, 2010
China poised to seize world's export crown
There will be no question of China surpassing Germany as the world's largest exporter in 2009, based on the nation's higher-than-expected performance on exports in December, said analysts.
January 08, 2010
What's the outsourcing outlook for 2010?
Outsourcing has been on an upswing for the past several years. Drugmakers have farmed out everything from research and manufacturing to IT and sales--and there are no signs that the move will let up this year. Eli Lilly just yesterday said it would outsource more of its R&D, and before the December holidays, AstraZeneca announced more outsourced manufacturing.
January 06, 2010
China to push exports recovery, promote trade balance
BEIJING: The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country's senior policymakers agreed at the annual key economic conference on Monday.
January 05, 2010
China surpasses US as Brazilian products' biggest buyer
China overtook the United States as the biggest buyer of Brazilian products in 2009, the Brazilian industry and trade ministry said on Monday.
January 04, 2010
Steel Industry Condemns Punitive US Trade Measure
The Chinese steel industry has strongly condemned a US move to slap preliminary anti-dumping duties on steel gratings imports, and is likely to appeal against the measure.
December 30, 2009
China Innovation Rules Erect Trade Barrier, U.S. Says
Dec. 23 (Bloomberg) -- China’s plan to give domestic companies that make innovative products an advantage in the race for government contracts amounts to raising trade barriers, the Obama administration said.
December 29, 2009
China may surpass Germany as world's biggest exporter
Despite the sluggish demand from overseas, China will probably surpass Germany as the world's largest exporter in 2009, said the Ministry of Commerce.
December 28, 2009
China to expand market access for private investment
BEIJING: Private investment should be allowed in any sector that government policies and regulations did not prohibit, said Chinese Premier Wen Jiabao on Sunday.
December 24, 2009
China says expects no rapid rebound in exports
Beijing: China "cannot be blindly optimistic" that its export sector will improve next year, officials said on Tuesday, as the Ministry of Commerce vowed to maintain stable trade policies.
December 22, 2009
China Trims Steel Capacity Amid Glut, Minister Says
Dec. 21 (Bloomberg) -- China, the world’s top steelmaker, closed 16.9 million metric tons of obsolete capacity this year as part of an effort to ease domestic oversupply, according to Li Yizhong, minister of industry and information technology.
December 21, 2009
China’s export slump eases
SHANGHAI: China’s exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a torrent of stimulus money is accelerating recovery in the world’s No. 3 economy.
December 18, 2009
China`s Auto-parts Industry Rebounds at Home Despite Lower Exports
In the first seven months this year, the share prices of 17 listed auto-parts companies in China, out of 23, doubled, underscoring the business upturn driven by brisk sale of cars in the domestic market.
December 17, 2009
Metso to outsource oil and gas boiler manufacturing in Finland
Metso will outsource oil and gas boiler manufacturing of Novikat Oy in Mynämäki to Mesekon Oy in Turku Finland. The business operations of Novikat Oy a workshop owned by Metso and Wärtsilä joint venture MW Power will be transferred to Mesekon on January 1st 2010.
December 16, 2009
China's ad campaign stresses global side of 'Made in China'
BEIJING — Plagued by product recalls including toxic toys and poison pet food, and facing rising trade barriers for its exports, China is taking a page from the American corporate playbook: It has hired a Madison Avenue ad agency to help burnish its image.
December 15, 2009
Research and Markets: The Contract Manufacturing Market Revenues Is Forecast To Reach Approximate Value of $44 Billion By 2015
DUBLIN--(BUSINESSWIRE)--ResearchandMarkets(http://www.researchandmarkets.com/research/0057b4/the_future_of_cont) has announced the addition of the "The Future of Contract Manufacturing - Market Forecasts to 2015 and Key Trends" report to their offering.
December 14, 2009
China Slaps Penalties on U.S., Russian Steel
BEIJING - China said Thursday it will impose penalties on steel imported from the United States and Russia, claiming the countries were allowing it to be sold at a cut price.
December 11, 2009
Nation rolls out steel tax on US
China, the world's largest maker and consumer of steel products, fired back yesterday at the United States for its anti-dumping measures against Chinese steel exports, launching its own punitive taxes on steel from US as well as Russia.
December 10, 2009
More Government Support for China’s Clean-Energy Exports
From the WSJ’s Environmental Capital blog:
Another reminder of the role governments are playing in the global green-energy push: China’s Export-Import Bank signed a $2.9 billion deal to boost exports of China Energy Conservation Investment Corporation, an energy-efficiency and renewable-energy project developer.
December 09, 2009
Taiwan`s Exports Jumps Near 20% to over US$20 B. in Nov.
Taipei, Dec. 8, 2009 (CENS)--Taiwan`s exports jumped 19.4% year-on-year to US$20.02 billion in November, a 13-month high, also representing the first positive export growth in 14 months, according to the statistics released by the Ministry of Finance (MOF).
December 08, 2009
China 'wants to set up factories in Africa'
President of World Bank says Beijing interested in developing manufacturing base and boosting economy.
December 07, 2009
All Roads Lead to China
China, with its rapid economic development and a growing middle-income segment, stands to become the biggest consumer in the world. Multinational companies strive to gain a share of the China market.
December 04, 2009
Taiwan`s Trade Surplus to Hit Record US$29.9B High in 2009
Taipei, Nov. 3, 2009 (CENS)--Taiwan will likely see a record trade surplus of US$29.9 billion in 2009 and the figure for 2010 is very likely to remain the same, according to the Cabinet-level Directorate General of Budget, Accounting & Statistics (DGBAS).
December 03, 2009
Major defence deals up for grabs
BANGALORE: With the Indian defence sector developing the blueprint for the latest long-range tracking radars (LRTRs), outsourcing contracts worth crores of rupees will be up for grabs. Scientific advisor to the defence minister Vijay Kumar Saraswat told ET that DRDO plans to outsource much of the work to develop six to seven LRTRs worth Rs 6,000-Rs 7,000 crore to outside players. This would include everything from manufacturing ancillary gear to the sophisticated software needed to run these programmes.
December 02, 2009
Taiwan Cement to Acquire Capacities of Prosperity Minerals in China
Taipei, Dec. 1, 2009 (CENS)--Taiwan Cement, Taiwan`s leading cement maker, announced yesterday (Nov. 30) its acquisition of Prosperity Minerals Holding Limited`s capacities in China, reaching 16 million metric tons annually, at HK$4 billion (around NT$16.6 billion, or US$519 million) via its Hong Kong subsidiary TCC International Holdings.
November 30, 2009
China Steel lowers local prices for several items
NEW YEAR HIKES: The company and analysts say strong market demand and rising raw material costs mean steel prices should rise in the second quarter of next year
November 27, 2009
China to re-export copper on stockpiles
Copper stockpiles held in duty-free warehouses in China, the top user, may be re-exported after surging to as much as 350,000 tons from almost none at the start of the year, according to Xi'an Maike Metal International Group.
November 26, 2009
When it's cheaper to buy than manufacture ... what do you do?
It's that time of year when top 10 lists are created from the flotsam of the current year's sales -- and there was a lot of flotsam in 2009. Cell and module prices have crashed by (in some cases) 50% from 2008 levels. In many cases it is much cheaper to outsource or toll than it is to manufacture product in-house. This means arriving at an accurate count of what was sold will be difficult, the potential of overcounting the industry significantly more probable, possibly rendering the usefulness of the annual top 10 lists moot.
November 25, 2009
Taiwan`s Export Orders and Domestic Demand Grew in Oct.
Taipei, Nov. 24, 2009 (CENS)--Taiwan`s economy has shown clear signs of recovery, as both export orders and domestic retail/wholesale sales grew in October.
November 24, 2009
Toshiba forms LSI joint venture in China
Japanese chipmaker Toshiba Corporation has announced that its Chinese subsidiary Toshiba Semiconductor (Wuxi) and Nantong Fujitsu Microelectronics (NFME), a Chinese major back-end process specialist, have formed a manufacturing joint venture in China for the semiconductor back-end process.
November 23, 2009
China urges US to loosen hi-tech export
As the United States reviews its restrictions on high-tech exports to China, the Ministry of Commerce's spokesman urged the United States to shorten the timetable for loosening export controls.
November 20, 2009
Gintech to Achieve Maximum Output of 1 Gigawatt of Solar Cells
Taipei, Nov. 19, 2009 (CENS)--In light of the upcoming market recovery, Gintech Energy Corp., a large-sized supplier of solar cells in Taiwan, is planning to rent land lots in Hsinchu Science Park to expand its maximum output of solar cells to one gigawatt, according to the firm.
November 19, 2009
Exports deliver good news for economyBy Ding Qingfen (China Daily)
Thanks largely to the economic turnaround in the United States and Europe, exports from China declined more slowly in October, sending a strong signal that the recovery is gaining momentum.
November 18, 2009
Taiwan`s Machinery Exports Plunge 38.6% in First Eight Months
Taipei, Nov. 16, 2009 (CENS)--Taiwan exported US$7.122 billion worth of machinery products in the first eight months of this year, down 38.6% from a year earlier, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).
November 17, 2009
India’s engineering outsourcing market may touch $55 bn
BANGALORE: As newer customers, including automakers Renault, Volkswagen and Harley Davidson, seek to outsource their complex design engineering India's top 10 BPOs projects to India, the engineering services outsourcing (ESO) industry is set to achieve $55 billion in revenues by 2020.
November 16, 2009
Exports rebound catches firms short-handed(Agencies)
GENEVA: Many companies in China's southern export hub are now finding it hard to recruit staff to handle orders as exports show signs of rebounding, a Chinese minister said on Monday.
November 13, 2009
US move on imported China-made fastener 'rational'(Xinhua)
The US rejection of an anti-dumping inquiry against China-made steel fasteners was "rational", a Chinese commerce official said Monday.
November 12, 2009
Elpida to outsource production of memory chips to Taiwan maker
Elpida Memory Inc. said Wednesday it has signed an accord with Taiwan's Winbond Electronics Corp. to transfer technology and outsource the production of high-performance memory chips to the Taiwan-based maker.
November 10, 2009
China: US move on imported Chinese-made fastener 'rational'(Xinhua)
Bejing: The US rejection of an anti-dumping inquiry against China-made steel fasteners was "rational", a Chinese commerce official said Monday.
November 09, 2009
Wei Hong Precision Machinery Co., Ltd.
Deep-hole drilling machines and services
November 05, 2009
Outsourcing to be big business in Gulf
Outsourcing is becoming big business in the Middle East, and the Dubai Outsource Zone is grabbing its share of the action. But how far can the industry grow in this country?
November 04, 2009
Chinese Municipal Banks Ask Sky-High Prices for Taiwanese Buy-ins
In their scramble to tap the huge Chinese market, Taiwanese banks have been probing opportunities to buy into Chinese municipal banks, prompting many of the latter to ask for sky-high prices.
November 03, 2009
China and America The odd couple
America should be much more confident in its dealings with its closest rival
November 02, 2009
Taiwan`s Machinery Industry Suffers 38.1% Decline in Exports in H1, 2009
Taiwan exported US$5.297 billion of machinery in the first half of 2009, down 38.1% year-on-year, according to the customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI). Despite sliding exports for eight months in a row since November last year, the TAMI believes the downtrend in machinery exports will recover sometime in the third quarter of this year at the earliest.
October 30, 2009
China, ‘Prisoner of Success,’ Facing Ore Price Gain
China’s biggest adversary in this year’s iron ore price talks is China.
The nation’s 4 trillion yuan ($586 billion) stimulus package has sparked record imports of the steelmaking material and prices may jump 14 percent next year to the second-highest on record, according to a Bloomberg News survey of analysts.
October 29, 2009
China`s Auto-parts Industry Rebounds at Home Despite Lower Exports
In the first seven months this year, the share prices of 17 listed auto-parts companies in China, out of 23, doubled, underscoring the business upturn driven by brisk sale of cars in the domestic market.
October 28, 2009
Taiwan and China to Exchange Early-Harvest Lists for ECFA Next Week
Taipei, Oct. 27, 2009 (CENS)--Delegations from Taiwan and China will meet in Beijing next week for an unofficial discussion on Cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), when both sides will exchange lists for early harvests for the first time.
October 27, 2009
Minmetals reviewing shelved Sepon expansion
A rebound in metal prices this year has prompted producers to study reopening shuttered mines and boost output on optimism that demand has rebounded from the worst global recession since World War II.
October 26, 2009
Taiwanese Nylon Chip Makers Poised to Benefit From Lower Tariffs Imposed by China
Taipei, Oct. 22, 2009 (CENS)--China`s Ministry of Commerce (MOC) has recently resolved to impose anti-dumping tariff rates of 4% to 4.3% on nylon chip imports from Taiwanese suppliers, including Formosa Chemical & Fiber Corp., Li Peng Enterprise amd Zig Sheng Industrial Co., much lower than those levied on imports from the U.S., Europe and Russia.
October 23, 2009
Steel output may 'continue' to peakBy Zhang Qi (China Daily)
China's daily steel production in September matched the previous month's record, the nation's statistical body said yesterday, and output was likely to remain high during the rest of the year despite efforts to curb oversupply in the industry, analysts and industry insiders predicted.
October 23, 2009
Steel output may 'continue' to peakBy Zhang Qi (China Daily)
China's daily steel production in September matched the previous month's record, the nation's statistical body said yesterday, and output was likely to remain high during the rest of the year despite efforts to curb oversupply in the industry, analysts and industry insiders predicted.
October 21, 2009
Hon Hai`s Foxsemicon Begins Shipping Solar-energy Equipment
Taipei, Oct. 20, 2009 (CENS)--The global recession has forced Hon Hai Precision Industry Co. to look to tapping China`s domestic market, assessing the potential of the solar-cell manufacturing sector.
October 20, 2009
China’s Export Decline Slows as Global Recovery Strengthens
Oct. 14 (Bloomberg) -- China’s exports fell the least in nine months in September and new lending grew by more than economists forecast as the world’s third-largest economy leads the recovery from the global recession
October 19, 2009
Steel output to go up by 30% in China
BEIJING (Commodity Online): China is expected to produce 8.5 to 9 million tonnes per annum of crude stainless steel in 2009 by an increase of 20% to 30% from that in 2008 and accordingly, the actual demand for nickel in China is on a basic tonne will increase.
October 16, 2009
China Becomes Largest Market for LCD Monitors: DisplaySearch
Taipei, Oct. 14, 2009 (CENS)--Worldwide LCD desktop monitor shipments rose almost 6% sequentially in the second quarter to 40.5 million units in the period, while China became the world`s largest market for such product for the second quarter and for the first half, according to the DisplaySearch.
October 15, 2009
China to Curb Steel Production to Reduce Oversupply
Oct. 14 (Bloomberg) -- China, the world’s largest steel producer, is working on plans to curb excess capacity as the nation faces “severe oversupply,” according to the nation’s third-largest mill.
October 14, 2009
Taiwan`s Exports to China, HK in Sept. See First Positive Rise in 12 Months
Taipei, Oct. 12, 2009 (CENS)--Taiwan`s exports to China and Hong Kong edged up 0.3% from a year earlier to US$8.22 billion in September, marking the first positive growth of its kind in 12 months, according to the statistics released by the Ministry of Finance (MOF).
October 12, 2009
US probe likely to 'harm' trade tiesBy Lu Haoting
On Tuesday, the EU slapped five-year duties of up to 39.2 percent on steel pipe imports from China.
October 09, 2009
Suppliers Scramble to Tap Huge Auto-Parts Market in Southern China
Thanks to the rapid economic development that has kept it a step ahead of most other regions, Southern China has emerged as one of the country`s biggest auto-parts markets, sparking fierce competition among domestic and foreign suppliers alike.
October 08, 2009
US mulls import penalties on Chinese steel pipes
WASHINGTON: The United States launched a probe on Wednesday to look into slapping penalties on imported Chinese steel pipes in a move that could widen a trade spat between the two key powers.
October 07, 2009
Taiwan Continues Opening More Pages in e-Book Industry
Realizing that the market size in Taiwan may be too modest to realistically build an electronic-book sector to achieve a target revenue of NT$100 billion (US$3 billion at US$1:NT$33) by 2013, the Taiwan government has again been looking across the Taiwan Strait for opportunities with globally-enviable scale. The Taiwan side has sent trade missions to China, successfully reaching an agreement to form a common protocol for publishing digital content in Chinese.
October 06, 2009
China Levies Anti-dumping Tax on U.S., Japan, S. Korea and Taiwan
Taipei, Oct. 2, 2009 (CENS)--China`s Department of Commerce has announced it will continue imposing anti-dumping tax on imports of PVC (polyvinyl chloride) originally made in the U.S., South Korea, Japan, Russia and Taiwan for five years, effective from September 29.
October 05, 2009
Wei Hong Precision Machinery Co., Ltd. Deep-hole drilling machines and services
Having accumulated abundant sophisticated deep-hole drilling skills, Wei Hong Precision Machinery Co., Ltd., founded in 1988, has been versed in providing deep-hole drilling services, as well as designing and manufacturing deep-hole drilling machines.
October 02, 2009
Videocon eyes Finnish electronic major
MUMBAI: Consumer durables major Videocon Industries is in talks to acquire Finnish electronics manufacturer Elcoteq after the Helsinki-based company called off discussions with Chinese firm Shenzhen Great Wall Kaifa Technology.
October 01, 2009
Taiwan Cement to Tap Green-energy Sector
Taipei, Sept. 30, 2009 (CENS)--To better tap the massive business opportunities in the green-energy market, Taiwan Cement Group has recently mapped out a five-year plan to invest in such sector, anticipating an investment of several billions in the next five years.
September 30, 2009
Lung Chang Machinery Enterprise Co., Ltd.Injection screws and barrels, and gear box
With a history of more than three decades, Lung Chang Machinery Enterprise Co., Ltd. has been specialized in manufacturing, and designing extrusion and injection screws and barrels.
September 29, 2009
Taiwan`s Leading Electronics Makers May Jointly Tap China`s Auto Electronic Market
Taipei, Sept. 28, 2009 (CENS)--With Ministry of Economic Affairs to push the formation of TTIA (Taiwan Telematics Industry Alliance), Taiwan`s leading electronics companies, including Hon Hai Group, Quanta Computer Inc., Compal Electronics Inc. and Asustek Computer Inc., are likely to join the alliance to explore China`s market for auto electronics, according to industry sources.
September 28, 2009
Forwell Precision Machinery Co., Ltd.
Quick die change system, PCB fine piercing system
Forwell Precision Machinery Co., one of Taiwan`s leading manufacturers of quick die change systems and automation equipment, has employed new version of ERP (enterprise resource planning) system based on Microsoft Windows operating system at its new headquarters in Pushin of Changhua County, central Taiwan.
September 24, 2009
UPC Technology to Tap Logistics Sector in China
Taipei, Sept. 23, 2009 (CENS)--UPC Technology Corp., the world`s largest manufacturer of plasticizers, will form a fleet of ships to tap the logistics sector besides its production deployment in southern, eastern, northeastern and southwestern China regions.
September 23, 2009
Taiwanese Businesses Eye Emerging Economic Areas in China
While the Yangtze River Delta remains the favorite region for investment by Taiwanese businesses in China, three emerging economic areas have increasingly attracted attention: the "western Taiwan Strait coastal area," the "western triangle economic zone," and the "pan Beibu Gulf area." This is the finding of a survey published on Sept. 15 by the Taiwan Electrical and Electronic Manufacturers` Association (TEEMA).
September 22, 2009
Taiwan Hon Chuan to Explore China`s Beverage Packaging Materials Market
Taipei, Sept. 18, 2009 (CENS)--In light of China`s quickly growing market demand for beverage, Taiwan Hon Chuan Enterprise Co., Ltd. (THC), a supplier of beverage packaging materials, has decided to invest NT$6 billion (US$181.81 million at US$1: NT$33) in exploring the market in the next three years, according to Cao Shi-Zhong, general manager of the firm.
September 21, 2009
Taiwan, Mainland China Reach Agreement on Chinese Electronic Book Standard
Taipei, Sept. 16, 2009 (CENS)--Taiwan and mainland China reached agreement in July over adopting common standard for digital-content publications and will discuss cooperation in this field between industries and government organizations of the two sides early next year in a planned meeting.
September 18, 2009
Taiwanese Tire Makers Stay Calm About U.S.-imposed Punitive Tariffs on China-made Tires
Taipei, Sept. 17, 2009 (CENS)--Despite the imposition of punitive tariffs on the sedan and light-truck tires made in China, Taiwan`s leading manufacturers maintaining have production facilities in China stressed their prospective sales wouldn`t be affected as the U.S. market accounts for only a small slice of their total sales.
September 17, 2009
Optic-Disc Drive Makers in Taiwan, Japan Jointly Launch Blu-Ray Plan
Taipei, Sept. 15, 2009 (CENS)--Seven manufacturers of optic-disc drives from Taiwan and Japan yesterday announced their plan to open 15 lines for Blu-ray optical pickup unit production in the Central Taiwan Science Park at a cost of NT$2.5 billion (US$75 million at US$1:NT$33).
September 16, 2009
PC Suppliers Plagued by Intel`s Reduced Supply of Atom Processors
Taipei, Sept. 15, 2009 (CENS)--As Intel Corp., world`s largest processor developer, has cut its supply of Atom processors, which are the major model used in netbook PCs, to raise its average selling prices and profits since the third quarter of this year. The move has left a number of Taiwanese notebook PC suppliers worried about supply deficiency, according to industry sources.
September 15, 2009
Taiwanese Suppliers Tap Apple`s Supply Chain of Tablet PCs
Taipei, Sept. 14, 2009 (CENS)--As Apple Inc. will launch its newest tablet PCs next February, a couple of Taiwanese suppliers of PC parts and components have managed to join the supply chain and will start delivery to Apple in December, according to industry sources.
September 14, 2009
Why contract manufacturing in the U.S. makes sense
Outsourcing manufacturing production of electronic equipment to the Far East has become a reflex action on the part of many U.S.-based original equipment manufacturers (OEMs) who are apparently bedazzled by the region's low labor rates.
September 11, 2009
Chinese Official Urges Taiwan to Lift Import Restrictions on Chinese Goods
Taipei, Sept. 9, 2009 (CENS)--Taiwan should lift import restrictions on Chinese-made goods, in order to normalize cross-Taiwan Strait trade, which is indispensable for the establishment of cross-Strait economic cooperative mechanism, said Liu Xueqin, director of the Taiwan, Hong Kong, and Macao center of the research institution under the China`s Ministry of Commerce, yesterday (Sept. 8).
September 10, 2009
China Steel Output Rises 2% in August, Umetal Says (Update1)
Sept. 9 (Bloomberg) -- China, the world’s largest steelmaker, increased output to a record in August as government spending spurred building and manufacturing demand, according to industry publication Umetal.
September 09, 2009
China Import-From-Export Transformation Buoys Asia’s Currencies
Aug. 31 (Bloomberg) -- China, battling its worst export slump in more than two decades, is finally getting consumers to pick up some of the slack.
September 08, 2009
Rio selling ore at interim price as talks stall on Hu
Rio Tinto, whose chief iron-ore negotiator in China is in prison for allegedly stealing trade secrets, said annual contract talks remain suspended and it's selling the material at an interim price to Chinese mills.
September 04, 2009
AUO Urges Gov`t to Allow China-Bound LCD Investment
Taipei, Sept. 3, 2009 (CENS)--AU Optronics Corp., currently Taiwan`s No.1 LCD-panel maker, yesterday openly suggested that the government should lift ban on Taiwanese LCD investments in mainland China lest the world`s most potential market for LCD TVs would not be controlled by South Korean and Japanese manufacturers.
September 03, 2009
What do former auto & solar plants have in common: green jobs
As the U.S. automobile industry undergoes a major transformation in many respects, it is converging with the emergence of the green revolution in the country.
September 02, 2009
Exiqon Restructures Life Science Group, Aims to Outsource Array Production by Q1 2010
Exiqon said last week that it will outsource the manufacturing of all of its research-related products, including its microRNA arrays, by the beginning of next year.
September 01, 2009
Chinese Steel Prices to Rebound, Baoshan Steel Says (Update1)
Aug. 31 (Bloomberg) -- Baoshan Iron & Steel Co., China’s largest steelmaker, expects steel prices in the nation to recover from its recent declines because of increasing demand from manufacturers.
August 31, 2009
Refractories industry fights unfair dumping charges by US
The Association of China Refractories Industry will make a defense plea over the US anti-dumping investigations on Chinese-imported magnesia carbon bricks (a heat-resistant material used in steel making), said Xu Dianli, vice chairman and secretary-general of the association.
August 28, 2009
Supply Chain News: More Evidence the Tide is Turning a Bit in the Offshoring Tsunami
Over the past decade, Western manufacturers have, in many cases, raced to outsource production, especially to China, lured by promises of dramatically lower costs and less capital tied up in assets.
August 27, 2009
Outsourcing is Key to Recover from the Downturn
74 percent of executives agree that outsourcing helps a company survive in todays economy,70 percent feel that money saved by outsourcing can help a company grow and 60 percent believe outsourcing makes a company more agile and flexible.
August 26, 2009
Taiwan`s Export Order Shows Clear Sign of Upturn
Taipei, Aug. 25, 2009 (CENS)--Taiwan`s export, the growth engine of its economy, has shown clear sign of upturn, as orders received by the nation`s exporters in July reached US$28.61 billion, down 8.77% year-on-year, the lowest decline in nine months, according to the Ministry of Economic Affairs (MOEA).
August 25, 2009
Short View: Chinese commodities
For mining companies, the drop in commodities prices earlier this year has been, ironically, good long-term news. True, in the short term earnings have suffered and share prices have tanked. The FTSE 350 Mining Index was down 45 per cent between August 2008 and January this year.
August 24, 2009
China Mobile to Team Up With MediaTek, HTC on Development of 3G Phones
Taipei, Aug. 21, 2009 (CENS)--Wang Jianzhou, president of China Mobile Ltd., China`s largest telecom service provider, will arrive in Taiwan on Aug. 24, reportedly to sign a cooperation contract with the island`s MediaTek Inc. and High Tech Computer Corp. (HTC) to jointly develop 3G phones based on China`s TD-SCDMA (Time Division Synchronous Code Division Multiple Access) standards, according to industry sources
August 22, 2009
China`s Trade Promotion Group Comes to Taiwan to Buy NT$30 B. Worth of Products
Taipei, Aug. 20, 2009 (CENS)--A trade promotion group from China, the third of its kind since the beginning of this year, has come to Taiwan, aimed at purchasing NT$30 billion, or US$900 million worth of domestically made goods.
August 21, 2009
Steel Industry Ignites Growth For China Fire
China Fire & Security Group (CFSG) makes proprietary fire detection and suppression systems for Chinese steel mills. Its growth depends on the strength of the steel industry, and beyond that, the Chinese economy.
August 20, 2009
AUO to Set Up Liquid Crystal Module Plant in Northern China
Taipei, Aug. 18, 2009 (CENS)--To further tap the huge and rapidly rising LCD TV market in China, AU Optronics Corp. (AUO), the largest thin film transistor-liquid crystal display (TFT-LCD) panel manufacturer in Taiwan, and its LCD-TV contract-assembly subsidiary BriView Technology Corp. plan to set up a new LCD TV panel module assembly plant in northern China.
August 19, 2009
Third Chinese Procurement Mission to Arrive in Taiwan Wednesday
Taipei, Aug. 17, 2009 (CENS)--The third procurement mission organized by the Association for Economic and Trade Exchanges Across Taiwan Strait (AETATS), under China`s Ministry of Commerce, this year will arrive in Taiwan on Wednesday (Aug. 19), with a procurement budget topping US$1.2 billion (NT$39.5 billion), mainly for machinery, chemicals, and auto parts.
August 18, 2009
IDT and TSMC enter product fabrication agreement
IDT (Integrated Device Technology,), a provider of mixed signal semiconductor solutions and Taiwan Semiconductor Manufacturing Company (TSMC), have announced they have entered into an agreement to transfer product fabrication processes and related activities currently running in the IDT Hillsboro, Oregon facility to TSMC foundries. The transfer, which has already received approval by both companies and the IDT Board of Directors, is expected to take up to two years to complete and will cover the lifecycle of all products involved.
August 17, 2009
Continuum Worldwide Names Cheryl L. Jones as President
OMAHA, Neb.--(BUSINESS WIRE)--Cheryl L. Jones has been named President at Continuum Worldwide, an operational risk management and litigation support company.
August 14, 2009
China's import and export results improve in July
China's exports continued to shrink last month, but at a smaller rate. Imports continued a third month rally. Analysts say the figures show positive signs of a rebound and recovery of the country's import and export.
August 13, 2009
Microsoft, Taiwan Agency to Jointly Develop Cloud Computing Technology
Taipei, Aug. 12, 2009 (CENS)--Microsoft Corp. and Taiwan`s government-financed NCP (Networked Communications Program) Office have jointly announced a plan to jointly develop cloud computing technologies and related applications.
August 12, 2009
China steel mills say suppliers encourage speculation
Publishing Date 31 Jul 2009 1:49pm GMT Author Mining Journal China's steelmakers, stalled in iron-ore price talks with Rio Tinto and BHP Billiton, said producers of the steelmaking material are encouraging speculative trading, and wants to control the role of importers.
August 10, 2009
China is Major Market for Taiwan`s Networking/Communication Makers
Taipei, Aug. 5, 2009 (CENS)--Mainland China has become the most important market for Taiwanese networking/communication equipment makers thanks to the aggressive third-generation (3G) network constructions and telecom operators` upgrading purchases there, according to Tony Tsao, CEO and president of D-Link Corp.
August 07, 2009
IDT to Exit Oregon Chip Plant and Outsource to TSMC
Integrated Device Technology (IDT) agreed on Thursday to outsource chip manufacturing to Taiwan Semiconductor Manufacturing (TSMC), a move that means its Oregon chip factory will be sold or shut within the next two years.
August 06, 2009
China to surpass U.S. in manufacturing by 2015 on road to Empire
As a former Global Sourcing Manager for a number of Fortune 500 and middle-market manufacturers, it comes as no shock to me that China may overtake the U.S. as the world’s largest manufacturer.
August 05, 2009
Taiwan Exports 38.2% Lesser Machinery in First Five Months
Taipei, August 3, 2009 (CENS)--Taiwan exported US$4.326 billion of machinery in the first five months, down 38.2% year-on-year, according to the Taiwan Association of Machinery Industry (TAMI).
August 04, 2009
China steel mills say suppliers encourage speculation
China's steelmakers, stalled in iron-ore price talks with Rio Tinto and BHP Billiton, said producers of the steelmaking material are encouraging speculative trading, and wants to control the role of importers.
August 03, 2009
GlobalFoundries could be the elusive Eurofoundry
LONDON — If Infineon could be persuaded to follow STMicroelectronics and switch outsourced IC manufacturing to GlobalFoundries in Dresden, we would some of the way along the path to creating a Eurofoundry that would keep advanced digital CMOS manufacturing in Europe, albeit with the help of Abu-Dhabian petrodollars.
July 31, 2009
Universal Cement to Profit From Recovering Car Market in China
Taipei, July 29, 2009 (CENS)--Universal Cement Corp., one of Taiwan`s leading producers of cement, stands to profit from the recovering automobile market in China with its 30% stake in Six Union Machinery Enterprise Co., a Taiwan-invested manufacturer of car parts in China.
July 30, 2009
Two Taipei Prominent Hi-Tech Parks See New Foreign Tenants
Taipei, July 29, 2009 (CENS)--STMicroelectronics and TDK recently signed a letter of intent with Taipei City Government to set up facilities in the Neihu Technology Park and Nangkan Software Park, respectively.
July 29, 2009
EU sets import duty on China steel pipes
BRUSSELS - European Union trade experts agreed on Tuesday to apply permanent penalties on imports of Chinese steel pipes, replacing a series of provisional six-month duties, EU officials said.
July 28, 2009
Taiwan Cement Mulls Plant Setup in Guangdong Province, China
Taipei, July 24, 2009 (CENS)--Taiwan Cement Corporation, Taiwan`s largest cement producer, is evaluating setting up a cement plant in Shaoguan of Guangdong province, China, to further deploy in that lucrative market. The firm is expected to invest at least three billion renminbi to build the plant.
July 27, 2009
Chinese plan to build WA’s first steel mill
27th July 2009, 6:15 WST
The head of one of China’s biggest steel producers has told Premier Colin Barnett he wants to build WA’s first steel mill at the Oakajee industrial park outside Geraldton.
July 24, 2009
China could challenge Germany’s export title
The World Trade Organization (WTO) says Asian countries “may be leading a recovery in global trade” but “there’s no room for complacency”.
July 23, 2009
Window of Opportunity in China Is Closing for Taiwan: Ohmae Kenichi
Taipei, July 22, 2009 (CENS)--Taiwan should step up its incursion into the Chinese market, since it has less than one year of time to capitalize on its experience and advantage in tapping the huge market potential of China, said Dr. Ohmae Kenichi, a leading Japanese business strategist of the world, yesterday (July 21).
July 22, 2009
Thailand cast in favourable light
The country seems a preferable choice for Chinese investment as other Asean nations are too protective of their auto industries
July 21, 2009
China cuts, cancels export tariffs to boost exports
China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1 to promote exports, the Ministry of Finance said in a statement Monday.
July 20, 2009
China grows faster amid worries
China's economy grew at an annual rate of 7.9% between April and June, up from 6.1% in the first quarter, thanks to the government's big stimulus package. The country's quickening economic expansion comes as most nations in the West continue to experience recession.
July 17, 2009
'Made in the U.S.A.': Returning Home
Increasingly, manufacturers are turning away from producing offshore and returning production to the U.S.
July 16, 2009
China Auto-Replacement Program to Benefit Taiwan`s Auto Parts Makers
Taipei, July 15, 2009 (CENS)--Taiwanese auto-parts makers are expected to benefit considerably from the China`s program subsidizing the replacement of old autos with new ones, which is estimated to create 490 billion yuan (NT$2.37 trillion) of business opportunities.
July 15, 2009
China, Wind Power Domination, Isolationism and Global Conquest
Energy Secretary Steven Chu and Commerce Secretary Gary Locke will land in Beijing today to plan for Copenhagen, and possibly attempt to diffuse a growing international trade dispute that could potentially empower the Chinese to dominate the global renewable energy market.
July 14, 2009
China says steel talks still on track
Strained price negotiations between China's steel mills and iron ore producers are continuing, a Chinese official said on Monday, despite Rio Tinto's lead negotiator being arrested on spy charges.
July 13, 2009
DJ Rio Tinto Sought $9B From Chinese Steel Industry -Report
BEIJING, Jul 12, 2009 (Dow Jones Commodities News via Comtex) -- RTP | Quote | Chart | News | PowerRating -- Rio Tinto PLC (RTP) in June sought US$9 billion of compensation from China's steelmakers, 21st Century Business Herald reported over the weekend, citing an official at a big Chinese steel company.
July 10, 2009
MOEA Will Seek Free Tariff for FPD Export to China
Taipei, July 9, 2009 (CENS)--The Ministry of Economic Affairs (MOEA) has decided to put flat panel display (FPD) and FPD glass on the list of early harvest for the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), so that local manufacturers can expand their market share in China, capitalizing on the edge of free tariff over Japanese and Korean rivals.
July 09, 2009
India Growing As An Outsourcing Destination
As the current storm in global finance continues to test our defenses, it is a safer-than-usual bet that the long-range forecast for most industries will remain uncertain. Once skies begin to clear and more economic stability enters into play, how will things be different? Having led the original westward consolidation in healthcare globalization, what will India’s role become in global pharma’s new economic business model?
July 08, 2009
Programs Aims to Foster Export Competitiveness of Service Industry
Taipei, July 6, 2009 (CENS)--To shed the over-reliance of Taiwan`s economy on the ICT (information and communications technology) industry, the government will endeavor to push the development of emerging industries and foster the export competitiveness of the service industry, thus making the service industry a growth driver for the economy, according to the "service industry development program," scheduled to be passed by the Executive Yuan in its regular meeting on this Thursday (July 9).
July 07, 2009
China faces higher iron ore prices as contract talks stall
China, the world’s biggest buyer of iron ore, faces the risk of higher cash prices as annual contract talks stall with producers.
July 06, 2009
Taiwan`s Exports of Machine Tools Down 51.9% in 1st Four Months
Taipei, July 2, 2009 (CENS)--Taiwan exported US$585.89 million in machine tools in the first four months of this year, down 51.9% year-on-year, according to the Taiwan Machine Tool Foundation (TMTF). Of this, exports for metal-cutting machine tools came to US$444.49 million, down 54.2% and that for metal-forming machine tools amounted to US$141.4 million, down 42.6%.
July 04, 2009
Zhibin Gu: questioning "Chinese century " vs global financial crisis
Watch out on the secret progress of China and India!!! Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities. Get a lively interview here on key topics related to China and global financial crisis.
July 03, 2009
Copper rebounds as China manufacturing grows Production and Markets
Publishing Date 01 Jul 2009 11:22am GMT Author Mining Journal Copper rebounded on optimism demand may be recovering as manufacturing in China, the world’s largest consumer, expanded for a fourth month and on speculation the country’s bank lending climbed to a record in June.
July 02, 2009
Outsourcing Becomes the New Insourcing
Not long ago, shifting manufacturing facilities to China was all about reducing labor and other manufacturing costs for products bound for export.
June 30, 2009
China's steel industry records first profit in seven months
After seven consecutive months of losses, China's iron and steel industry has recorded its first profit, according to the China Iron and Steel Association (CISA). Although industry insiders believe that this is the first sign of a turnaround, the industry recorded overall losses in the first five months of the year.
June 29, 2009
Synnex Technology Sees China-driven Growth
Taipei, June 25, 2009 (CENS)--Synnex Technology Information Corp., Taiwan`s leading distributor of 3C (communications, computers, consumer electronics) products, recently confirmed China will be its main driver of business growth in the second half of this year.
June 26, 2009
Outsourcing Advisor Pace Harmon Clinches 2009 Supply & Demand Chain Executive 100 Recognition
Premier Supply Chain Publication Honors Pace Harmon for Helping Companies Weather Current Economy and Prepare to Scale for Future Growth
June 25, 2009
Zhibin Gu: how China's outsourcing, manufacturing, tech, logistics centers are created?
Get inside story about Chinese business and management. How is global financial crisis reshaping Chinese and world politics, finance, banking, trade and outsourcing? How to profit from rising Chinese trade, yuan and stock market? How to do investing, travel, trade inside China? Get real investigations from a timely book.
June 24, 2009
Feng Tay Reinforces Sales Channels in Taiwan, China
Taipei, June 22, 2009 (CENS)--Despite the global downturn, Feng Tay Enterprise Co., Taiwan`s leading footwear manufacturer, is strengthening its sales channels in both Taiwan and China.\
June 23, 2009
Supply Chain News: Caught Between the Tiger and the Dragon
New Business Novel by Jim Tompkins Captures the Challenges and Opportunities of Today’s Corporate Financial Pressures and China; Our Review
It may not have been the first, but Dr. Eli Goldratt probably most memorably demonstrated the power of the “business novel” in the 1980s with his book The Goal, in which main character Alex Rago famously learns that the way to fix the ailing manufacturing plant he manages may be through a then little known concept called the Theory of Constraints (TOC).
June 22, 2009
Outsourcing Still Hot Business in China
China's outsourcing industry has maintained a strong business growth in the first five months of this year although the financial crisis has reduced demand from foreign companies such as big banks and insurance companies.
June 19, 2009
PCH invests millions in new Chinese manufacturing plant
Entrepreneur Liam Casey is investing millions of euro in a new manufacturing plant in China. The facility in Tianjin, the sixth-largest city in China, is the fifth Chinese operation for Casey’s supply chain firm, PCH International.
June 18, 2009
Export-Import Bank in Taiwan and China May Work Together
Taipei, June 17, 2009 (CENS)--With growing financial exchanges on both sides of the Taiwan Strait, the government-run Export-Import Bank (EIB) in Taiwan will very likely work with its counterpart in China to offer credit insurance services to Taiwanese enterprises in China that apply for financing there.
June 17, 2009
China warns over Rio-BHP ore venture
BEIJING (Reuters) - Rio Tinto's (RIO.AX) and BHP Billiton's (BLT.L) proposed iron-ore joint venture has "a strong monopolistic flavour" and Chinese firms are actively seeking ways to cope with it, state media on Wednesday cited a senior official as saying.
June 16, 2009
China copper imports hit record
Production and Markets
Copper imports by China, the world’s largest consumer of the metal, climbed for a fourth month to a record in May, beating analyst expectations.
June 15, 2009
Mainland China Pledges Lucrative LED Orders to Taiwan
Taipei, June 11, 2009 (CENS)--Members of a mainland China procurement delegation currently visiting Taiwan said the delegation would place lucrative contract orders with Taiwanese light emitting diode (LED) manufacturers by the end of this year for LED products including epitaxy wafer, chips, packages and lighting systems.
June 12, 2009
Malaysia covets China’s outsourcing spot
KUALA LUMPUR: Malaysia wants to be the No 2 location worldwide for outsourcing activities, edging out China, in five year’s time, said the Multimedia Development Corporation (MDeC).
ne 11, 2009
China Steel announces price increases for next month
DEMAND: Spending on public works and infrastructure projects in major markets are lifting global demand for steel. Still, consumption will be down 14 percent this year
June 10, 2009
Arab businesses capture 35 per cent of Middle East’s outsourcing business
Regional companies are outsourcing most of their operations as the current financial crisis forces them to save operational costs, according to a regional expert.
June 09, 2009
TAMI: Taiwan`s Exports of Machinery Down 35.1% in Q1
Taipei, June 8, 2009 (CENS)--Taiwan exported US$2.6 billion of machinery in the first quarter of 2009, down 35.1% year-on-year from US$4.007 billion, according to the Taiwan Association of Machinery Industry (TAMI).
June 08, 2009
Taiwan IDB Makes Manufacturing Investments in China Far Easier
Taipei, June 6, 2009 (CENS)-Taiwan`s Industrial Development Bureau (IDB), under the Ministry of Economic Affairs (MOEA), has preliminarily relaxed considerably the existing restrictions on investments in China by Taiwanese manufacturers, notably those in semiconductor, FPD (flat panel display), and petrochemical industries, according to the Chinese-language Economic Daily News.
June 05, 2009
No deal, but Fortescue's a big winner
Andrew Forrest's Fortescue Metals is not involved in the Pilbara iron ore compact of Rio Tinto and BHP Billiton in the Pilbara but is has nevertheless emerged as a big winner.
June 04, 2009
Zebra starts layoffs, transition to China
Lincolnshire-based Zebra Technologies Corp. is on target to lay off about 150 workers at its Vernon Hills manufacturing facility, including a first wave of 64 by July, as the company outsources its manufacturing to China.
June 03, 2009
Asian Companies Dominate Global Outsourcing 100 List
Outsourcing services providers from Asia Pacific continued to dominate the Global Outsourcing 100 ranking for the second consecutive year, according to lists released by the International Association of Outsourcing Professionals (IAOP).
June 02, 2009
ZhibinGu: China management: outsourcing, stock market, consumer, challenges, opportunities
How is global financial crisis reshaping Chinese and world politics, finance, banking, trade and outsourcing? How to profit from rising Chinese trade, yuan and stock market? How do over a half million international companies make profits in China? Learn about Chinese multinationals, society, banking, management, outsourcing, education, politics, individual life during a transition period. How to do investing, travel, trade inside China? Get real investigations from a timely book.
June 01, 2009
China's leading coal producer teams up with major steel maker to sharpen competitive edge
The Shanxi Coal-Steel Energy Development Company began operation recently in this capital city of north China's Shanxi Province, a senior official with the Shanxi Coking Coal Group confirmed Saturday.
May 29, 2009
Rio Tinto's Korea iron ore win pushes China
RIO Tinto has landed another punch in its high-stakes fight with China, after South Korean steelmaker Posco agreed to a cut in iron ore prices of between 33 per cent and 44 per cent, two days after Japan's leading steelmaker signed a similar deal.
May 28, 2009
Good China
Santa Feans cozy up to the People’s Republic
China has an area of 6 million square miles, a population of more than 1.3 billion. It is a totalitarian state with little tolerance for alternative viewpoints that violates human rights as a matter of national policy and is a major contributor to the current environmental crisis.
May 27, 2009
China’s growing strength
Shanghai is set to become the new Bangalore according to a recent report released by KPMG. The report entitled, ‘A new dawn: China’s emerging role in global outsourcing’ has China down for outsourcing greatness over the next few years.
May 26, 2009
Zhibin Gu: China outsourcing, tech, stock market, management lessons
How is global financial crisis reshaping Chinese and world politics, finance, banking, trade and outsourcing? How to profit from rising Chinese trade, yuan and stock market?
May 25, 2009
India's Outsourcing Industry Faces New Challenges
A growing flock of competitors gets into the act
The global outsourcing industry, once India's near-exclusive preserve, is shifting to other parts of the planet including China, the Philippines, Russia and Eastern Europe, presenting unprecedented challenges to the country that virtually invented the idea.
May 22, 2009
AMR Research Study Finds the Risk of Sourcing and Manufacturing in China is Increasing Rapidly
Top Concerns with China are Intellectual Property Infringement, Quality Failures, and Regulatory Compliance
May 21, 2009
China loses low-cost manufacturing crown to India, Mexico: Study
SHANGHAI: China has lost its position as the world's lowest-cost components manufacturer to India and Mexico, a study indicated Wednesday, in a blow for the Asian giant as it fights the financial crisis.
May 20, 2009
'We Plan to Invest More in India'
Telefonaktiebolaget LM Ericsson, the world's largest telecom equipment manufacturer, supplied its first product to India more than 100 years ago, in 1903. Its president and CEO Carl-Henric Svanberg spoke to Manoj Gairola.
May 19, 2009
Outsourcing's Five W's
Journalism schools teach novice reporters that news stories must provide answers to five W's: who, what, where, when and why. Corporate officials involved in outsourcing should study those five Ws because the answers to those questions can help minimize costly mistakes.
May 18, 2009
Outsource Partners International Takes a Place Among the "Leaders" of IAOP's Global Outsourcing 100
LOS ANGELES, CA -- (Marketwire) -- 05/15/09 -- Outsource Partners International, Inc.
(OPI), a leading provider of finance and accounting outsourcing (FAO) : and analytics services : , announced today that it has been ranked in the 2009 Global Outsourcing 100 as an outsourcing "Leader" whose key strengths include Customer References and its capabilities in the Services and the Discrete Manufacturing industries. This marks the fourth consecutive year that OPI has earned the honor of being named to the International Association of Outsourcing Professional's (IAOP) ranking of the world's best outsourcing providers.
May 15, 2009
China`s Sinosteel Eyeing the Taiwanese Market
2009/05/12
Taipei, May 12, 2009 (CENS)--Sinosteel Corp., a leading steel industry equipment supplier in China, will probe the feasibility of mutual shareholdings with Taiwanese steel firms and the establishment of a headquarters building in Taipei, said Huang Tianwen, the company`s chairman, yesterday (May 11) during a visit to Taiwan.
May 14, 2009
SaM Solutions Named to the 2009 Global Outsourcing 100 List By IAOP
SaM Solutions, Has Been Ranked on the Main 2009 Global Outsourcing 100™ List Presenting World's Best Outsourcing Service Providers and Advisors by the International Association of Outsourcing Professionals (IAOP)
May 13, 2009
Steel majors plan increase in production for HRC & CRC in May – Survey
Mysteel conducted a survey May 6th on the steel production arrangement of major domestic makers of HRC, CRC, medium plate, construction steel and H-beam for this month. Below are the findings. It's to be noted that the statistics given are incomplete for some manufacturers have yet to release their plans.
May 12, 2009
Report: Outsourcing Alone Not The Answer To Big Cost Savings
Cheap overseas labor isn't as effective as a means of cost savings as some game developers may hope, according to an outsourcing study by consultancy firm Beriah.
May 11, 2009
FSC to Further Ease Rules on China Investments in Foreign Banks
Taipei, May 8, 2009 (CENS)-The Cabinet-level Financial Supervisory Commission (FSC) recently reached consensus with the Mainland Affairs Council (MAC) to further relax restrictions on Chinese investments in foreign banks in Taiwan.
May 08, 2009
Study: U.S. companies eye home soil for outsourcing
Survey ranks India third as outsourcing destination
SAN FRANCISCO – A recent study by BDO Seidman LLP, an accounting and consulting organization, finds that nearly a quarter of the chief financial officers at U.S. technology businesses who outsource plan to consider the United States as the main outsourcing destination in 2009.
May 07, 2009
Global Supply Chain: What’s Going to Happen to “The China Price?”
After Years of Upward Pressure, Now a Retreat, as Buyers Gain Upper Hand; How Long will it Last?
More...»
May 06, 2009
AppLabs reigns supreme in key categories of the Global Outsourcing 100 Final listing
London, UK; Philadelphia, Lindon, USA; Hyderabad, India:
AppLabs, the world’s largestindependent testing, quality management and certification solutions company, has been ranked on top of some key indicators of the Global Outsourcing 100 final listings of 2009, published every year by the International Association of Outsourcing Professionals (IAOP).
May 05, 2009
Taiwan Gov`t Cautions Against Far EasTone-China Mobile Deal
Taipei, May 5, 2009 (CENS)--Executive Sectary General L.D. Fan of the Investment Commission under the Ministry of Economic Affairs (MOEA) cautioned that the government has yet to liberalize investments in Taiwan`s telecom market by mainland China.
May 04, 2009
Two MNCs plan business process outsourcing centres
TWO US-based multinational corporations (MNCs) are setting up their business process outsourcing (BPO) and shared services centres in the RM100mil SunTech Tower in Bayan Baru soon.
May 01, 2009
China voices protest against US steel probe
The Chinese government is deeply concerned about US investigations into tubular and pipe steel imported from China, the Ministry of Commerce said yesterday.
April 30, 2009
TSRC Corp. in Taiwan Raises Capacity to Meet Demand in China
Taipei, April 27, 2009 (CENS)--Thanks to the rising demand for automobile driven by mainland China`s program to drum up car sales in rural villages, TSRC Corporation, one of Taiwan`s leading manufacturers of synthetic rubber, is raising production capacity to meet such booming demand.
April 29, 2009
Foreign Direct Investment In China. The Times Have Changed. For Good.
China Law Blog's Steve Dickinson recently did a China Economic Review column on China's efforts to move away from being an "export-led" economy. The column is entitled, "No Turning Back," [subscription required] and its thesis is that despite the economic downturn, China's overall macroeconomic plan is still moving forward.
April 28, 2009
China’s Outsourcing Will Excel in the Domestic Market and Manufacturing
Sun Zhenyao, former president of HP China, says that China and India have a strong lead in developing the service outsourcing industry and that China is most likely to excel in the domestic market and manufacturing outsourcing field.
April 27, 2009
Steel Makers, Miners Avoid Price Talks
This year's negotiations between China's steel companies and iron ore miners on a benchmark price for the material could last until mid-year, which would be a record, analysts have told Xinhua.
April 24, 2009
National Interest and Foreign Investments
National interest, often referred to by the French term raison d’état, is a country’s goal and ambition, whether economic, military, political or cultural.
April 23, 2009
Going for green without the red ink - Clean-tech companies need a solid business case
Ted Lattimore has some advice for green technology start-ups trying to make sales in tough times. Focus less on touting the greenness of your business and more on making an economic case for your product.
April 22, 2009
Taiwan Urged to Sign ECFA With China to Retain Competitiveness
Taipei, April 22, 2009 (CENS)--Lin Chu-chia, financial and economics advisor to the President, indicated to domestic entrepreneurs that Taiwan should sign the proposed economic cooperation framework agreement (ECFA) with China as soon as possible, or risk lagging behind its rival-South Korea-in trade.
April 21, 2009
China First, India Fourth in Global Manufacturing Value Output
Apr. 21 - The United Nations Industrial Development Organization www.unido.org (UNIDO) have just released their International Yearbook of Manufacturing Statistics and have found that China and India rank first and fourth respectively in global manufacturing value added (MVA) output.
April 20, 2009
China to send delegation to U.S. over steel dispute
WHEATLAND —
China is sending a delegation to the U.S. in response to American tube producers’ complaint that Chinese companies were dumping pipes on American shores. American producers’ response: Bring it on.
April 17, 2009
The challenge of outsourcing
Outsourcing pertains to sub-contracting a process to a third party. These processes can range from simple ones, such as encoding and janitorial services, to more complex processes, such as payroll preparation, customer service, and even an entire manufacturing process.
Aprll 16, 2009
China warns US over anti-dumping claim
BEIJING - China said the US should deal "cautiously" with the anti-dumping complaint from US steel makers that China dumped specific types of tubular and pipe steel into the US market.
April 15, 2009
Jabil Circuit May Benefit from Increased Outsourcing
Overview
The company is a major player in the electronic manufacturing business, which is extremely competitive and cyclical. In recent years, restructuring has been ongoing, for Jabil and also for many competitors. Share prices have plummeted.
April 14, 2009
Satyam Clients Cross Fingers, keep eyes open
CHENNAI | HYDERABAD | NEW DELHI: Satyam’s customers seem to be cautiously optimistic after Tech Mahindra placed the highest bid for Satyam on Monday.
April 13, 2009
China Ready to Sign Economic Cooperation Agreement With Taiwan
Taipei, April 10, 2009 (CENS)--The signing of cross-Taiwan Strait general economic agreement, in whatever name, will benefit both the Chinese and Taiwanese economies, facilitating their joint effort in linking up with the Asia-Pacific regional economic cooperation mechanism, said Jia Qinglin, chairman of China`s People`s Political Consultative Conference, yesterday (April 9).
April 10, 2009
Shear determination 08/04/2009
The bleak outlook of the economy is not frightening every manufacturer. Justin Cunningham talks to one company bucking the trend
April 09, 2009
U.S. Steel Producers File Trade Case Against China
PITTSBURGH (AP) -- Producers of steel pipe used in oil and gas drilling on Wednesday filed complaints with U.S. trade officials over alleged unfair competition from Chinese imports they say have flooded the domestic market.
April 08, 2009
Datang to Help Taiwan Tap China`s Vast 3G Cellular Market
Taipei, April 6, 2009 (CENS)--The China-based Datang Telecom Technology Co. will help Taiwan open a laboratory to field-test time division synchronization code division multiple access (TD-SCDMA) cellular equipment in preparation for inroads into the mainland`s vast 3G market, estimated at 1.5 trillion yuan (US$220 billion at US$1:6.8 yuan) in revenue.
April 07, 2009
Consolidation wave expected in contract manufacturing
The mergers and acquisitions that have become a feature of the contract research organisation (CRO) sector in recent years look likely to gain momentum in contract manufacturing as well.
April 06, 2009
China's coming collapse: corruption vs finance, trade, jobs, outsourcing, politics
Is China's runaway corruption to bring a sudden collapse? Is global financial crisis impacting China? Is a runaway government corruption destroying Chinese economy and peace? What is really behind Chinese finance, politics, trade, politics and society? Has China's ongoing reform altered the nation's political-economic landscape as far as government corruption is concerned? What is the next if this corruption goes deeper? Get the powerful and insiders' reports on Chinese politics, government amid global financial meltdown.
April 03, 2009
Imtech announces outsourcing contracts in Netherlands
Imtech (Euronext: IM), a technical services provider, announced today (2 April) that the company has recently been awarded several ICT (Information and Communication Technology) outsourcing contracts in the Netherlands.
April 02, 2009
Transparency in Outsourcing, Part 1: Silent Shrinkage
Sometimes when companies lay off thousands of workers, they actively publicize the action in order to appease investors. Other times, little to no fanfare is made at all. Oftentimes, at least some of these eliminated positions are actually being outsourced -- are outsourcing firms cleaning up during an overall economic recession?
April 01, 2009
BP Solar Plans to Hire Others to Make Panels
The company is closing a panel assembly factory in the United States and one in Spain. BP also plans to outsource panel production to others. This cost-cutting move is becoming trendy.
March 31, 2009
'Outsourcing industry is here to stay'
UST Global, founded in 1999 in southern California, to provide IT and business process outsourcing services is one of the largest BPO units. It offers services to 1,000 companies in 14 different countries.
March 30, 2009
Questioning Chinese multinationals, stock market, hightech, politics, jobs
Watch out on the secret progress of China and India!!! Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
March 27, 2009
Hon Hai, Metro Group Team Up to Tap China`s Consumer Electronics Market
Taipei, March 25, 2009 (CENS)--The Hon Hai Group yesterday signed an agreement with the Metro Group of Germany to jointly tap mainland China`s consumer electronics market by opening marts there in 2010 to sell computers, communications equipment and consumer electronics.
March 26, 2009
Time to Buy Infosys, Indian Outsourcers?
Founded in 1981 by seven software engineers with the equivalent of $250, Infosys Technologies (INFY) is now one of the world's largest IT services firms. The Bangalore-based firm offers a full range of IT services, from application maintenance to management consulting. Although it's known best for offshore work, more than 50% of revenue comes from on-site and near-shore assignments in India. The company reports earnings on April 15.
March 25, 2009
Does Asian outsourcing still make sense?
Before I get to my topic today a reader wanted to know when I was last in China and am I still focused on outsourcing. My last trip to Asia was in late January and into early February. And my consulting focus is helping companies figure out the what, when and where of outsourcing.
March 24, 2009
Taiwanese Makers to Cash In On Huge Demand for 3G Communications in China
Taipei, March 23, 2009 (CENS)--With Chinese telecom service providers to widely operate 3G communication services this year, Taiwanese makers of handsets and related parts have eagerly moved to tap the enormous business opportunities in China, according to industry sources.
March 23, 2009
Globalization's New Underclass: China, the US, Japan and the Changing Face of Inequality
By Stephen Roach
[Stephen Roach, chief economist of Morgan Stanley, has written extensively on the "global labor arbitrage" and its increasing impact on politics and economics across the developed and developing worlds.
March 21, 2009
'Obama's Anti-Outsourcing May Hurt Global Trade
NEW DELHI: His anti-outsourcing views may have struck a chord with middle-class Americans during his successful presidential campaign, but Barack
Obama is having a tough time selling these policies to some of the largest US corporations.
March 20, 2009
Sliver Lake Said Interested in Investing in DRAM Maker TMC
Taipei, March 19, 2009 (CENS)--Private equity fund Silver Lake has reportedly shown interest in investing in Taiwan Memory Corp. (TMC), likely making it the first foreign investor eyeing Taiwan`s DRAM sector.
March 19, 2009
China blames west for its CO2 emissions
Consuming nations should pay for carbon dioxide emissions, not manufacturing countries, says China.
March 17, 2009
Recession wherefore: Flextronics to restructure for anticipated cash savings of $230M-$260M annually
Flextronics, a leading electronics manufacturing services (EMS) provider, says its newly reported restructuring plans are intended to rationalize the company's global manufacturing capacity and infrastructure as a result of current macroeconomic conditions and decline in demand from its OEM customers.
March 16, 2009
Electronics outsourcing revenue to fall 9.9% as EMS demand slips
The recession is taking its toll on the electronics contract manufacturing industry as electronics outsourcing revenue will fall nearly 10% in 2009, according to researcher iSuppli.
March 13, 2009
China Is The Key To Mass Acceptance Of Electric Cars
Loads of people still hang onto fears of poor Chinese manufacturing, but if we want to get cheaper electric cars in the United States, we should let go of those fears.
March 12, 2009
Can High Quality, Affordable EVs Be Made in China?
I clearly remember a very interesting debate I was involved in while at Tesla. The debate was about the manufacturing strategy for the WhiteStar (now known as the Model S) sedan.
March 11, 2009
For North American Businesses, The Benefits Of Onshore Outsourcing Are Off The Charts
The discussion about outsourcing continues to be an on-again, off-again affair — onshore and offshore, that is.
March 10, 2009
Domestic Outsourcers Now Favored By Most Tech CFOs
Vendors are repatriating some operations in the face of heightened economic and geopolitical risk.
March 09, 2009
TSMC to announce Intel deal
NEW STRATEGY:: The TSMC contract with Intel to supply chips is the first time the world’s largest chipmaker has outsourced its processor manufacturing to cut costs
March 06, 2009
Chosen in the Leader Category of '2009 Global Outsourcing 100' for Service Excellence
Lionbridge Selected among Outsourcing Providers across the Globe by an Independent Panel of Judges
WALTHAM, Mass., March 4 /PRNewswire-FirstCall/ -- Lionbridge Technologies, Inc., (Nasdaq: LIOX), today announced it has been selected in the Leader Category of the 2009 Global Outsourcing Advisors rankings released by the International Association of Outsourcing Professionals(TM) (IAOP(TM)), the global, standard-setting organization and advocate for the outsourcing profession. Lionbridge was named in the 2009 Global Outsourcing rankings for its outstanding global outsourcing services.
March 05, 2009
Outsourcing Continues to Evolve
The global outsourcing market continues to grow at a steady pace, with a 2007 worldwide market growth rate of 10.2% for both IT outsourcing (ITO) and BPO, with BPO showing double-digit growth.
March 04, 2009
Survey: More CFOs consider outsourcing in U.S.
Nearly two-thirds of chief financial officers at technology businesses say they'll oursource services or manufacturing this year, but more plan to outsource in the U.S. rather than abroad.
March 03, 2009
EASTEC: Three Decades in the Making
Giant Manufacturing Show Continues to Take the Pulse of the Sector
Larry Flatley says Smith & Wesson’s strong name recognition — it is arguably one of the most famous brands in the world — helps draw people to the company’s booth at EASTEC, the huge manufacturing show staged each May at the Eastern States Exposition.
March 02, 2009
China's Baosteel to form joint venture with domestic rivals
SHANGHAI, March 1 (Xinhua) -- Baosteel Group, a leading Chinese steelmaker, announced Sunday it would form a new joint venture with two domestic rivals in eastern Zhejiang Province.
February 27, 2009
China mills push steel output above 2008 levels
SHANGHAI, Feb 26 (Reuters) - A blind rush back to production by Chinese steel mills has pushed China's crude steel output back up above the 2008 average, threatening to worsen oversupply and ruin profitability, a top industry official has warned.
February 26, 2009
SaM Solutions Is Named Among the World's Top Outsourcing Service Providers
SaM Solutions has been listed among The Global Outsourcing 100 providers
(PRWEB) February 25, 2009 -- SaM Solutions -- a leading provider of software development outsourcing services from Eastern Europe has been selected to the Rising Stars category for the Global Outsourcing 100™ ranking of the world's best outsourcing service providers and advisors developed by the International Association of Outsourcing Professionals (IAOP).
February 25, 2009
China, India map: history, current affairs, politics, corruption, jobs, outsourcing, banking
Watch out on the secret progress of China and India!!! Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
February 24, 2009
Fortescue's Chinese talks continue
FORTESCUE Metals Group says talks with Chinese entities for equity investment and a hybrid funding package are progressing well.
February 23, 2009
Made in America - Does the United States Make Anything Anymore?
WASHINGTON – It may seem like the country that used to make everything is on the brink of making nothing.
February 20, 2009
China General Plastics to Build PVC Plant in Kaohsiung
2009/02/20
Taipei, Feb. 20, 2009 (CENS)--China General Plastics Corp. of the USI Group plans to budget NT$4 billion (US$117.64 million at US$1:NT$34) to build a new plant with the annual capacity of 170,000 metric tons of PVC (polyvinyl chloride) in Linyuan of Kaohsiung County, southern Taiwan.
February 19, 2009
Recession looms as Chinese get tough
AUSTRALIA'S once-triumphant iron ore and coal miners face price cuts of between 30 and 50 per cent, which would slash export income by the equivalent of 4 per cent of gross domestic product and increase the likelihood of recession.
February 18, 2009
Economic Crisis Complicates Offshoring of Services
With the world increasingly integrated with high-speed fiber-optic networks, globalisation has brought new services. Countries with low-wage skilled labor have developed information technology services and back-office work as a lucrative area for offshoring by industrialised countries. Application development in India, call-centers in the Philippines, and software engineering in Russia are typical examples. But the growing economic crisis is destined to put pressure on this offshoring business and new competitors aim to challenge India’s dominating position in this field.
February 17, 2009
Steel and Iron Sector: "From Scale to Strength"
In 2008, China's steel and iron production growth experienced a course from increase to decrease. The steel output in 2008 reached 500 million tons, making a record high in the history.
February 16, 2009
10 Pointers for India to Make a Mark in Engineering Outsourcing
Domain knowledge must be increased more rapidly by engaging specialists from Western nations
February 13, 2009
Chinalco to invest $19.5 billion in Rio Tinto
LONDON — The Aluminum Corp. of China agreed to invest $19.5 billion in the mining group Rio Tinto on Thursday in the country's largest purchase overseas, taking advantage of lower valuations to guarantee access to iron-ore resources.
February 12, 2009
Guest column: Steel product price hikes create risks for Chinese mills and traders
In this the first metals guest column, Ma Zhongpu of ChinaCCM.com analyzes the reasons behind the recent increases in domestic steel product prices and the possible risks involved. Translated from the original Chinese by Ginger Ding.
February 11, 2009
China Wind Starts Production at New Factory
Wuxi City facility is producing rolled rings and other gearbox components to serve demand in China that could double installed capacity this year.
February 10, 2009
Steel Prices Continue Upward March
Domestic steel prices have increased for 12 consecutive weeks since mid-November 2008, according to statistics from steel consultancy website mysteel.com.
February 09, 2009
Global Turmoil Deepens China's Chipmaker Woes
It is hard not to feel gloomy walking into the reception area of Semiconductor Manufacturing International Corporation's Shanghai headquarters.
February 06, 2009
Tata Tea to outsource herbal tea manufacturing in US
Kolkata, Feb 2 (IANS) Tata Tea Ltd will outsource manufacturing of Good Earth, its herbal tea brand in the US, to an existing joint venture in that country to save “over $1 million” (about Rs.5 crore) annually, a top company official said here Monday.
February 05, 2009
Survey: Economy Pushing Manufacturers To Outsource
PEORIA, Ill. -- According to an Advanced Technology Services, Inc. (ATS) survey, the majority of manufacturing leaders and plant managers say they would outsource non-core functions, specifically the maintenance of their production machinery and assets, in order to bolster against recession.
February 04, 2009
Ahead of Global Financial Crisis: China, India, US competiton, jobs, banking, politics
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
February 03, 2009
Chinalco lines up cash for Rio investment
CHINA'S Chinalco has arranged financing for a potential $US15 billion to $US20 billion ($31.5 billion) investment in Rio Tinto that will involve buying minority stakes in mines - including Rio's prized iron ore assets - and the issue of a convertible bond.
February 02, 2009
Cranston firm to outsource textile printing operations
A Cranston textile company that was founded in 1807 will stop its manufacturing operations, which are done in Massachusetts, by June 1, company officials said yesterday.
January 30, 2009
MedMira Project in China to Create Jobs Here
Biomedical firm MedMira Inc. will hire skilled technicians for its Halifax operation as it expands manufacturing in China to supply international growth.
January 29, 2009
Frost & Sullivan: Outsourcing Emerges as a Cost-saving and Reliable Trend for Calibration Services
MOUNTAIN VIEW, Calif., Jan. 23 /PRNewswire/ -- The calibration service industry is flooded with participants, but very few have a global presence. Most vendors are restricted to their own region. In order to stay competitive in this economic slowdown, manufacturing companies rely on cost-cutting measures in order to stay competitive.
January 28, 2009
Vale Gains on Speculation Chinese Demand Recovering
Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, climbed to the highest in two weeks on speculation Chinese demand will bolster prices for the steelmaking ingredient.
January 27, 2009
Beyond Global Financial Crisis: China, India, US competiton, jobs, banking, politics, law
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
January 26, 2009
Nippon Steel, Tokyo Steel Plan Output Cuts as Recession Deepens
Jan. 23 (Bloomberg) -- Nippon Steel Corp., Asia’s largest steelmaker, and Tokyo Steel Manufacturing Co. said they plan to reduce output to try to counter deteriorating demand as the global recession deepens.
January 23, 2009
Yung Gang Enterprise Co., Ltd.--Valves, metal fittings, flanges, and hardware
Yung Gang Enterprise Co., Ltd., established in early 2007, is one of Taiwan`s major specialized manufacturers of valves, metal fittings and hardware such as quick coupling. Most of the company`s products are ingrained with the "Yung Gang" brand. It also provides OEM (original equipment manufacturer) services.
January 22, 2009
Manufacturing CFO’s Using SAP Look to SaaS Outsourced eCommerce B2B Websites
Increasingly manufacturing CFO’s are turning to Software as a Service (SaaS) solutions to reduce costs, increase efficiency, and improve operation productivity. The initial and recurring costs of on-premise software applications top $10,000 per user, per year. With tight budgets these CFO’s are simply unwilling to let on-premise solutions drain resources.
January 21, 2009
WTO to Probe Legality of U.S. Duties on Chinese Steel (Update1)
Jan. 20 (Bloomberg) -- World Trade Organization judges agreed to decide whether U.S. duties on imports of Chinese steel pipes, some off-road tires and laminated woven sacks break global trade rules.
January 20, 2009
Taiwan Cement Corp. to Supply Infrastructure Works in China
Taipei, Jan. 16, 2009 (CENS)--Taiwan Cement Corporation, a leading cement maker in Taiwan, recently acquired orders to supply infrastructural projects in China, including Fuzhou Airport Rapid Transit System, Guangzhou expressway and railway construction.
January 19, 2009
forecast: China, India, global financial crisis, next leaders vs competition
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
January 16, 2009
IT outsourcing from China growing at 20-40 per cent
The information technology outsourcing business in China continued to grow at a decent 20 - 40 per cent even as global outsourcing business declined 39 per cent in the first nine months of the previous year, according to consultancy firm McKinsey & Co.
January 15, 2009
Steel Sector Gets Booster Package
The State Council approved a stimulus package Wednesday to help the steel industry weather the international financial crisis.
January 14, 2009
Outsourcing in a troubled economy
Those who shunned outsourcing may change their minds during this downturn, industry observers say.
January 13, 2009
New iron ore contracts may see price cuts
Kolkata: Iron ore mining companies in India may be forced to revise their prices downward this year when negotiations for new contracts open up. Baosteel, China's largest steelmaker, is said to be asking Australian iron ore producers for a 40% cut in 2009 benchmark contract prices and Indian steelmakers are expected to follow suit.
January 12, 2009
IT outsourcing in 2009
2009 will be a slow year for IT outsourcing, and companies will have to be innovative if they are to maintain growth.
January 09, 2009
Business helps companies outsource to Asia
EAST HADDAM — A small cottage in Moodus Center hardly seems a likely choice for a multinational company that helps businesses move their manufacturing to Asia. But the area appealed to Jay Kamen, so he chose a little building on East Haddam Moodus Road as the new company headquarters for his business, KITO. The name of the company comes from the Chinese version of Kamen’s name.
January 08, 2009
Taiwan Exports 14.2% More Machine Tools in First 10 Months of 2008
Taipei, Jan. 6, 2009 (CENS)--Taiwan exported US$3.23 billion worth of machine tools in the first 10 months of 2008, a moderate 14.2% year-on-year growth, said the non-profit Taiwan Machine Tool Foundation (TMTF). Of the two major categories of the products, metal-cutting machine tools saw exports grew 15.8% year-on-year to reach US$2.574 billion; exports for metal-forming machine tools amounted to US$656.94 million, up 8.2%. The TMTF export figures are tabled below.
January 07, 2009
China may not build up steel reserves
BEIJING: China is likely to give up a plan to build up state reserves in steel as the government and industry association have found it to be an impractical task, state media reported on Wednesday.
January 06, 2009
SMEs May Be Taxed for Outsourced Work
NEW DELHI: Small and medium-sized firms that undertake the bulk of actual manufacturing for large companies may now have to forgo a part of their Countries in recession Competitive economies
January 05, 2009
Chuen Jaang Precision Industry Co., Ltd. -- precision turned parts
After undergoing successful business expansion almost every year since its establishment in 1982, the ISO 9001-certified Chuen Jaang Precision Industry Co., Ltd., one of the most comprehensive and leading suppliers of precision turned parts in Taiwan, has grown into a world-class player, and yet its expansion continues unabated in both product diversification and operation scale.
January 02, 2009
China turns screws on iron ore giantsArticle from:
JUST days into the new year the signs from China for our battered big miners are ominous.
January 01, 2009
Atlas Iron shares jump on WA discoveries
Shares in Australia's newest iron ore producer Atlas Iron Ltd jumped after it announced four new discoveries at its Abydos project in Western Australia's Pilbara region.
December 31, 2008
Plan to save Dell jobs by outsourcing
FORMER DELL executive Nicky Hartery is understood to be among a group of investors involved in a consortium bid to save the 2,000 manufacturing jobs under threat at Limerick's largest employer.
December 30, 2008
Capacity Utilization Rates of Top Two Foundries to Fall Under 50%
Taipei, Dec. 30, 2008 (CENS)--Foreign institutional investors recently estimated capacity utilization rate at Taiwan Semiconductor Manufacturing Co. (TSMC) to fall under 50%, and that of United Microelectronics Corp. (UMC) may decline to less than 30% in the first month of 2009.
December 29, 2008
Limerick braced for bad news from Dell
THE founder and chief executive of Dell computers, Michael Dell, is expected to travel to Limerick early in the new year to confirm that 2,000 people employed in the Irish manufacturing sector are to be made redundant.
December 26, 2008
Jabil to manufacture solar panels for Canadian company
Jabil Circuit Inc. has signed a long-term agreement with Day4 Energy Inc. in Burnaby, British Columbia, to produce photovoltaic modules used in solar power energy production.
December 25, 2008
Green Energy Starts Volume Production of Thin Film Solar Cells
Taipei, Dec. 25, 2008 (CENS)--Green Energy Technology Inc., a solar-technology affiliate of the Tatung Group, announced yesterday that it has launched volume production of thin-film solar cells on its 8.5-generation production lines, with annual output estimated at 30 megawatts of the cells in 2009.
December 24, 2008
Study reveals future vision of manufacturing industry
Capgemini, a global provider of consulting, technology and outsourcing services, on December 15 launched “Manufacturing in 2020”, an in-depth study into how manufacturers expect to do business in 2020 compared to today.
December 23, 2008
Will Barack Obama Commit Industrial Policy?
Barack Obama may soon find that he is committing a big sin against one of the major premises of the reigning ideology. As part of his plan to restructure the auto industry, rebuild infrastructure, and create new green industries and jobs, he will be committing industrial policy. And this will create a head-on collision with one of the cherished dogmas of market fundamentalism -- "free trade."
December 22, 2008
Steel makers reshuffle to overcome financial crisis
Dozens of private-owned steel makers in China's major steel producing city Tangshan, Hebei province, are restructuring in order to overcome the recession in the steel market
December 19, 2008
Why Should Govt Fear Steel Imports?
NEW DELHI: The government recently raised the import duty on steel from 0% to 5% and said this was necessary for increasing the profitability of steel industry— read primary steelmakers— to a certain level so that it remains viable.
December 18, 2008
Whose New Century: China, global financial crisis, wealth, jobs, politics, entrepreneurs
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
December 17, 2008
Sinosteel wants more iron oreJohn Garnaut, Beijing
SINOSTEEL, China's biggest iron ore importer and trader, says the Chinese ore market is recovering and it wants to accelerate shipments from Australia.
December 16, 2008
Successful Electronics Outsourcing: An Old Concept with a New Twist
In a continually contracting environment, many OEMs are experiencing significant challenges in outsourcing product manufacturing. Inability to outsource manufacturing efficiently without outsourcing some of the engineering tasks associated with a design has become prevalent.
December 15, 2008
UPDATE 2-China may buy steel for reserves, aid exports
BEIJING/SHANGHAI, Dec 12 (Reuters) - China may take further measures to revive its steel industry, the world's biggest, which could suffer an overall loss in the next half-year, the minister of Industry and Information Technology said on Friday.
December 12, 2008
Amitive Introduces Five-Star Economic Stimulus Package for Community SCM Initiatives: "5x ROI or Your Money Back"
Fixed-Price Program of Software, Implementation and Hosting Enables Customers to Cut Costs During Economic Recession and BeyondFont Scale:
December 11, 2008
Taiwanese Firms in China See Slumping Export Orders
Taipei, Dec. 8, 2008 (CENS)--The global financial tsunami have wiped away 20% to 50% of export orders received by Taiwanese firms in China in October and November.
December 10, 2008
India Iron Ore Exporters Hope Tax Cut Will Revive China Demand
NEW DELHI --Indian iron ore exporters are hoping for a revival in demand from their biggest market, China, to push volumes, following a reduction in domestic export taxes announced Sunday, but China has already commenced talks with top global iron ore producers seeking a significant reduction in prices.
December 09, 2008
Singapore-listed China Farm seeking to cancel outsourcing deal
SHANGHAI (XFN-ASIA) - Singapore-listed China Farm Equipment Ltd said it is in talks to cancel a recently negotiated manufacturing outsourcing contract.
December 08, 2008
China's steel prices may have bottomed, producer says
Nanjing Iron & Steel United Co., the Chinese steelmaker part-owned by billionaire Guo Guangchang, said steel prices in the world's biggest user of the alloy have bottomed and output may recover on the state's stimulus package.
December 05, 2008
Supply Chain News: Success of Outsourced Manufacturing Strategies is Often Limited by Existing Supply Chain Applications that Don’t Well Support New Contract Manufacturing Model
Outsourced Manufacturing, Like Globalization Efforts, Can Fail to Meet Expectations due to System Shortfalls, Experts Say; New Web-Based Solutions Emerging.
December 04, 2008
China's Baosteel auto sheet sales up 10 pct in 2008
BEIJING, Dec 4 (Reuters) - Baosteel Group auto sheet sales rose 9.7 percent this year, despite a major slowdown in the auto industry, China's largest steelmaker said on Thursday in a statement on its Web site.
December 03, 2008
Yunnan Government plans stockpile to support smelters
News agencies reported today that the government of Yunnan province is to buy up to
one million tones of metals, based on reports posted on its website and that of China’s Ministry of Land and Resources. Yunnan will buy 150,000 tonnes of copper, 300,000 tonnes of aluminium, 150,000 tonnes of lead, 300,000 tonnes of zinc and 100,000 tonnes of tin, the report on the Ministry site said. The reserves will be kept for one year.
December 02, 2008
China's financial and political strategies against global economic crisis
Is global financial and economic crisis reshaping world politics, finance, banking, trade and outsourcing? Profiting from rising Chinese trade, yuan and stock market? How do over a half million international companies make profits in China? Learn about Chinese multinationals Haier, TCL, China Mobile, China Oil, Shanghai Auto, China Construction Bank, China Internet Companies and stock market. What is really inside Chinese society, banking, management, outsourcing, education, politics, individual life? How to do investing, travel, trade inside China? Get on-ground investigations from a timely book.
December 01, 2008
Dry Bulk Rates to Rise as China Restocks Iron O re
Dry bulk rates are likely to recover when China replenishes its dwindling iron-ore inventory and demand for thermal coal starts to pick up.
November 28, 2008
Toughest period for Baosteel Group
Baosteel Group Corp, China's top mill, is facing its toughest period in history as the economic downturn weighed on steel markets, an executive said, and traders believed that the company plans further price cuts.
November 27, 2008
The Role of Rising China, India Amid Global Financial Crisis, Political, Job Uncertainties
Is a rising China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
November 26, 2008
Asia's Economic Lessons for the U.S.
The U.S. is mortgaging its future by outsourcing technological inventions in exchange for short-term cash
November 25, 2008
Hasco Enters New Relationship With China's Largest Stainless Steel Producer
HSC 21.44, +1.46, +7.3%) announced today it has signed a Letter of Intent with China's largest stainless steel producer to develop a new working relationship for the treatment and utilization of stainless and carbon steel slag in China.
November 24, 2008
Things seldom what they seem in Chinese coal trade
THE world's busiest coal port used to be Newcastle, England and then Newcastle, Australia. Now it is Qinhuangdao, 300 kilometres east of Beijing on the Bohai Sea.
November 21, 2008
Make the Most of Outsourcing Partnerships
Outsource partnerships exist in just about every sector of the global economy, but a substantial portion of the outsourcing industry is electronic and electrical manufacturing.
November 20, 2008
Taiwanese Cement Makers Depend on China for Growth Momentum
Despite the housing downturn in China and the consequent slackening of demand for construction materials there, Taiwan Cement, Taiwan`s leading cement maker, signed a letter of intent with a municipal government in Guangdong last month for the installation of four new cement production lines with annual capacity of 9 million metric tons.
November 19, 2008
Stimulus Unlikely to Impact Iron Ore Talks
China's chances of gaining greater influence at the upcoming iron ore price negotiations are slim, despite the increased demand expected to result from the nation's 4-trillion yuan economic stimulus package, experts said.
November 18, 2008
China, India, global financial crisis: next stage competition, politics, management
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
November 17, 2008
Chii Long Iron Works Co., Ltd.--Vibratory finishing machines, grinding machines, dehydration dryers
Chii Long Iron Works Co., Ltd., founded in 1971, excels in making grinding-related machinery and providing hardware parts surface treatment services.
November 14, 2008
Kingston Plans to Build Memory Module Plant in Taiwan
Taipei, Nov. 14, 2008 (CENS)--Sincerely invited by Taiwan`s Ministry of Economic Affairs, Kingston Technology Co., the world`s largest memory module supplier, has decided to set up its new fabrication plant of memory modules in Taiwan, with the construction plan to be completed in the following two years, according to company sources.
November 13, 2008
Imports of China Steel Fall
China's steel imports to the United States in October fell 36 percent from the previous month as U.S. domestic demand for steel and steel products continued a free fall.
November 12, 2008
AUO and China`s IVO Begin Cell-production Partnership
Taipei, Nov. 10, 2008 (CENS)--AU Optronics Corp. (AUO), the largest thin film transistor-liquid crystal display (TFT-LCD) panel manufacturer in Taiwan, has kicked off cooperation with InfoVision Optronics (Kunshan) Co., Ltd. (IVO) of mainland China to produce a mid-stage product or cells, according to industry sources in Taiwan.
November 11, 2008
Outsourcing: Pros and Cons
The subject of outsourcing is controversial and a critical one for our economy. This topic seems to stay in the public focus as companies try to reduce costs and improve profits.
November 10, 2008
The New World Trade Order Under President Obama?
The most exciting and historic election campaign has just ended and Americans have elected their first African-American President.
November 07, 2008
Rutter Secures Multi-Million Contract For U.S. Stryker Retrofit Program
Rutter Inc. (TSX: RUT) announced today that its subsidiary, Rutter Technologies, has been awarded a $14.6 million (CDN) contract for a new power distribution assembly for the U. S. Army's Stryker vehicle. The contract was awarded by General Dynamics Land Systems - Canada and is an integral component of a fleet-wide retrofit program for the vehicle.
November 06, 2008
Indian Outsourcing Industry Jittery After Obama Win
India's outsourcing industry is in private a little jittery after Senator Barack Obama's victory in the U.S. presidential election. But there is the expectation in industry circles that in the end economic pragmatism will prevail.
November 05, 2008
IN BRIEF: TSMC Chairman Calls for Expanding Chip Design Efforts in Mainland China.
TSMC: Design in Mainland China, Manufacture in Taiwan
Chairman of Taiwan Semiconductor Manufacturing Co. has suggested during a briefing that development of various chips should be transferred to mainland China from
November 04, 2008
China Wind Ramps to Meet Gearbox Shortfall
$15 million expansion expected to help rolled-ring maker pursue $8.59 billion wind parts market in China.
Wuxi, China-based China Wind Systems (OTC:CWSI) plans to start production this month at its new manufacturing facility that is expected to more than quadruple its output of components for wind turbines.
November 03, 2008
Research and Markets: Manufacturing Industry in APAC Report Forecasts the IT Spending of the Manufacturing Industry in APAC over the Period 2007-2010
DUBLIN, Ireland, Oct 31, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/bfcf37/manufacturing_indu) has announced the addition of the "Manufacturing Industry in APAC - IT Market Assessment" report to their offering.
October 31, 2008
CSC mulls new delivery center in Tianjin
Oct. 31, 2008 (China Knowledge) - U.S.-based Computer Sciences Corporation (CSC), one of the world's largest IT outsourcing companies, announced that it will build a new delivery center in north China's Tianjin Municipality.
October 30, 2008
eSilicon Accelerates Expansion in Europe
Company Extends Leadership Position in European Fabless ASIC Market
SUNNYVALE, CA, Oct 28, 2008 (MARKET WIRE via COMTEX) -- eSilicon Corporation, a pioneering semiconductor value chain producer (VCP), today announced several steps that it is taking to extend its position as the leading fabless ASIC supplier in Europe.
October 29, 2008
IT Outsourcing Giant to Set Up New Center
US software outsourcing company CSC, one of the world's largest IT outsourcing firms, said yesterday it will launch a new delivery center in China as the global financial crisis may force more Western companies to outsource their business to the country.
October 28, 2008
Falling prices give China chances to buy copper mines
Chinese firms are looking to acquire copper mines on falling prices
Falling copper prices are providing opportunities for cash-rich Chinese firms to buy overseas resources, a senior executive at China Nonferrous Metal Mining said on Monday.
October 27, 2008
Outsourcing Association to be Founded in Central and Eastern Europe
Outsourcing Associated bodies and Branch Associations from the Baltics, Ukraine, Hungary, Bulgaria and Romania consolidate their resources and established Central and Eastern European Outsourcing Association (CEEOA) with the purpose to promote CEE region as competitive alternative to other Global offshoring destinations, and to increase services delivery quality and volumes under recognized standards.
October 24, 2008
China steel growth set to stall
There will be little growth in Chinese steel production this year, the head of a steel industry group said on Thursday, in a further sign that the global economic crisis is hurting the Chinese economy. Expectations had been for a 5-10 per cent rise.
October 23, 2008
Global Pharmaceutical Contract Manufacturing Market To Reach Over $31B By 2012 According To A New Report By Global Industry Analysts, Inc.
Global pharma industry faces numerous challenges in the form of increasing competition in generic markets, rising cost of new product development, declining research and development (R&D) productivity, shrinking average patent life, and mounting governmental pressure to reduce drug prices. Given the backdrop of such a competitive landscape, the decisive factors for growth and sustainability are faster new drug development and cost containment with Pharmaceutical Contract Manufacturing (PCM) emerging as a strategic option offering several advantages.
October 22, 2008
News Focus: Weakening ringgit a saving grace for exporters
THE United States is expected to reduce its imports from Malaysia as the economy slows in the next few months.
October 21, 2008
We Need the Whole Truth About Closures
BEIJING, Oct. 20 -- It appears to have come faster than people had thought. When economists are still undecided in measuring the impact of the financial crisis on the real economy, there have been collapses of some major manufacturers in China due allegedly to the declining demand.
October 20, 2008
Reversing Boeing's trend to outsource?
WOULD BOEING consider unwinding some of the outsourcing of production work it has turned over to outside vendors and subcontractors on its commercial jets? Doesn't look like it at the moment, considering the company has been willing to stop production and take a strike of at least a month rather than concede ground on the issue.
October 17, 2008
Spansion, ASE ink JV deal on China facility
Spansion Inc. and packaging and test company Advanced Semiconductor Engineering Inc. (ASE) have signed a memorandum of understanding (MOU) to establish a joint venture to jointly own the Spansion Suzhou, China final manufacturing facility. Specific terms of the non-binding MOU were not disclosed.
October 16, 2008
China bailouts distressed US, Europe: bank, finance, outsourcing, trade, jobs, politics
Is rising China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from leading Chinese strategist George Zhibin Gu.
October 15, 2008
Lean economics yesterday, today and tomorrow
In the early 20th century, Henry Ford’s invention of the assembly line revolutionised the manufacturing system. That’s where the idea behind lean manufacturing, followed by a large number of companies worldwide, originated. But what Ford was trying to create was something more than a manufacturing system. He understood economics and lean, and was aiming at creating “real wealth” by focusing on the improvement of the community — something most companies have failed to do. A review of Henry Ford’s ideas.
October 14, 2008
Chinese steel prices plummet amid global turmoil:
Steel prices in China recorded their largest weekly decline in eight years last week as the global financial crisis bit into the domestic industry, state media reported on Monday.
October 13, 2008
Shock cutback in China steel mills
WA’s mining industry has been left reeling by plans of forced production cutbacks by China’s biggest steel mills.
October 10, 2008
Iron ore, steel prices may fall further
China's Ministry of Commerce on Thursday said the prices of iron ore and steel products have further room for slide following recent retreat.
October 09, 2008
CBC Cuts Interest Rate Along With the World`s Major Central Banks
Taipei, Oct. 9, 2008 (CENS)--In tandem with the move of the world`s major central banks, the Central Bank of China (CBC) announced today (Oct. 9) to cut Taiwan`s policy interest rates by 0.25 of a percentage point, effectively immediately.
October 08, 2008
Chinese steelmakers set to slash output
Several of China’s largest steelmakers are expected to cut output by about 20 per cent this month in a bid to support falling steel prices at a?time?of weakening demand.
October 07, 2008
Beyond Beijing: China Software Outsourcing in the Yangtze Region of Jiangsu Province
China is rapidly becoming one of the major new outsourcing destinations for software development by international technology enterprises. But there is more to China’s offshore attraction than just Beijing, Dalian and Shanghai, reflecting a growing interest in other areas.
October 06, 2008
Will China suffer in the wake of the Olympics?
Now that the Beijing Olympic Games are over what will happen to China's booming economy? Will it continue to enjoy its position as the world's emerging manufacturing powerhouse? Or will rising inflation, a growing green consciousness in the west and a slowing global economy have its impact on China as the primary location for outsourced manufacturing?
October 03, 2008
Big Pharma Ranks China as Number One Destination in Asia for Pharmaceutical Outsourcing, Finds New PricewaterhouseCoopers Report
Asia Rivaling United States as a Leading Source of Drug Discoveries and High-End Innovation
October 02, 2008
Taiwanese Enterprises to Tap China`s Domestic Market With Collective Strength
Taipei, Sept. 30, 2008 (CENS)--A Taiwanese businesspeople association headquartered in Tongguan of Guangdong Province recently worked out a plan to tap mainland China`s domestic market through collective strength in hope of helping Taiwanese manufacturers fight recessions.
October 01, 2008
India's IT sector eyes opportunities amid global turmoil
NEW DELHI (AFP) — India's flagship outsourcing industry expects some pain from the latest global financial turmoil but insists it could emerge a winner with companies shifting more work to the country.
September 30, 2008
CMC`s New Mitsubishi SUV to Be Built in Vietnam, Mainland China
Taipei, Sept. 26, 2008 (CENS)--China Motor Corp. (CMC), the assembler of Mitsubishis and Chryslers in Taiwan, recently launched the locally made SUV, the Mitsubishi Super Zinger.
September 29, 2008
Coastal city set to drive next wave of economic growth
Coastal city Tianjin, one of the nation's four municipalities, has 600 years of history and an exciting role to play in China's opening-up.
September 26, 2008
China Ends Anti-dumping Taxes on Imported Steel Plates
Taipei, Sept. 25, 2008 (CENS)--Mainland China will end imposing anti-dumping taxes on imported cold-rolled steel plates from Taiwan, South Korea, Russia, Ukraine, and Kazakhstan effective Sept. 23, according to an announcement issued by its Ministry of Commerce.
September 25, 2008
An Analysis of the Chinese Software Industry and Its World Class Low Cost Manufacturing - Examine Future Trends, Potential Opportunities & Key Players
(http://www.researchandmarkets.com/research/dd2ff0/china_software_w) has announced the addition of the "China Software - World Class Low Cost Manufacturing" report to their offering.
September 24, 2008
Why We Picked China For IT Outsourcing
The decision to outsource product development to China pays off for NeatReceipts.
After several years of strong sales, a growing worldwide customer base, and increasing competition, NeatReceipts reached a crossroads in 2007: Should we continue product development efforts in-house in the United States, or outsource some of these efforts?
September 23, 2008
Mound House machine shop bores into specialty manufacturing niche
"We go through a million pounds of metal a year," says company owner Gerd G. Poppinga. His son, Gerd E. Poppinga, director of operations, tells how the company needed 12 flatbed trailers to move Vineburg's massive milling machines from Sonoma five years back.
September 22, 2008
China’s Steel Industry Cuts Production for Survival
TAIPEI—The recent slowdown of economic growth in mainland China has resulted in reduced prices for steel.
September 19, 2008
Is Outsourcing to China Over?
A growing number of American manufacturers seem to be profiting from an anti-outsourcing backlash.
September 18, 2008
China's steel association opposes ore price increases(Xinhua)
Updated: 2008-09-17 23:06 Comments(0) PrintMailChina Iron and Steel Association (CISA) wrote a letter to Brazil-based Companhia Vale do Rio Doce (CVRD) on Tuesday, asking the world's leading iron ore producer to give up its attempt to raise prices.
September 17, 2008
Multi-National Companies Embracing Learning Services Outsourcing, Says Everest
Strategic Impact, Cost Reduction Are Key Market Drivers
DALLAS, Sep 16, 2008 (BUSINESS WIRE) -- Although labor cost savings is a factor, companies -- particularly large, multi-national firms -- are outsourcing employee training to retain focus on strategy and achieve tangible business outcomes, according to a new Everest Research Institute study.
September 16, 2008
Offshore software outsourcing. why China and why now?
While many of Britain’s software organisations may now be grappling with concerns over a cooling economic climate, rising operational costs and ongoing skills resourcing pinch-points, the moment may present a great opportunity for China’s emerging software development outsourcing industry to make its presence felt.
September 15, 2008
Ireland not immune to Dell’s worldwide restructuring
Michael Dell has made it clear that everything is on the table as Dell moves to cut costs. There are obvious threats to the Irish operation, writes Gavin Daly.
September 12, 2008
Vale's Demands Encourage China's Scattered Steel Industry Consolidation
Shortly after the dragged-on 2008 negotiation for long-term iron ore supply contracts concluded, Brazil-based Vale, the world’s largest iron ore supplier, seeing it had been out-bargained in the China market by its vast Australian competitors BHP Billiton and Rio Tinto, is doing its best to raise its present contracted iron ore price for Chinese and other Asian steel makers in 2008 by as high as 20%.
September 11, 2008
Oil and gas prices: Will sourcing come closer to home?
Anyone who pays to run anything on gasoline, diesel fuel, kerosene or other petroleum-based products knows that the price of oil has skyrocketed in the past year. While it may have slipped from its brutal peak above $140 a barrel in July to hover around $120 a barrel a month later, who knows where it's going to go next?
September 10, 2008
Taiwan, Mainland China to Expand Oil-exploration in Australia, Africa
Taipei, Sept. 10, 2008 (CENS)--CPC Corporation, Taiwan is negotiating with China National Offshore Oil Corporation (CNOOC), China`s third-largest oil company, to expand oil exploration from Taiwan Strait to East China Sea.
September 09, 2008
Dell may need to outsource PC making
This will enable it to focus on sales and marketing
THE cyclical nature of the personal computer (PC) industry may force Dell Inc to come up with a new business model to engage contract manufacturers to produce its PCs, while it focuses on sales and marketing activities.
September 08, 2008
CPDC Suspends Investment in Coal-chemical Plant in Mainland China
Taipei, Sept. 3, 2008 (CENS)--China Petrochemical Development Corp. (CPDC) has recently resolved to suspend investment of 4.5 billion renminbi, or NT$20 billion in establishing a coal-chemical plant in mainland China.
September 05, 2008
The Global Outsourcing 100™ Adds Outsourcing Advisor List and Expanded Reports
Poughkeepsie, NY (OPENPRESS) September 5, 2008 -- With increased competition and closer outsourcing scrutiny, The Global Outsourcing 100™ will enhance its annual service provider ranking with new advisor rankings and expanded analysis.
September 04, 2008
How to outsource yourself
It may be news to the thousands of Wall Streeters being laid off these days, but jobs in the finance industry are actually plentiful. In Brazil.
September 03, 2008
Aricom to supply ilmenite to titanium sponge venture in China
Anglo-Russian miner Aricom will supply 50,000t of ilmenite, or about a sixth of its annual output of the raw material, to its titanium sponge venture in China, a company official said.
September 02, 2008
Manufacturing, tech jobs slipping away from Springs
At the end of 2000, the manufacturing and technology industries in Colorado Springs were booming, local incomes had nearly reached the national average and Intel Corp. had announced plans to open a semiconductor manufacturing plant here.
September 01, 2008
Chinese Vice Premier Agrees to Consider Cross-Strait Common Market Scheme
Taipei, Aug. 29, 2008 (CENS)--China`s Vice Premier Wang Qishan agreed yesterday (Aug. 28) to consider the proposal of Taiwanese businessmen establishing cross-Taiwan Strait common market to facilitate cross-Strait exchanges in fund, manpower, and goods.
August 29, 2008
China’s Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. Ltd.
It's got a five year plan to help China retain control of the global supply of rare earths.
FARMINGTON HILLS, Mich. (ResourceInvestor.com) -- Chances are very good that you’ve never heard of” Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd” (600111.SS). Nonetheless that mouthful is the official name in English of a Chinese company that is today one of the world’s largest producers of rare earths in the nation, China. It’s essentially the world’s only miner of rare earths.
August 28, 2008
LCD manufacturers tune in to outsourcing
More Asian LCD-TV producers are looking at using contracted manufacturers, research claims
August 27, 2008
An Industry Analysis of the Chinese Gas Compressor Manufacturing Industry: Examine the Competitive Landscape, Key Companies and Forecasts
DUBLIN, Ireland, Aug 26, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/587b18/china_gas_compress) has announced the addition of the "China Gas Compressor Manufacturing Industry Report, 2008" report to their offering.
August 26, 2008
BearingPoint Helps China-Singapore Su Zhou Industry Park (CSSIP) Develop Outsourcing Strategy
MCLEAN, Va.--(BUSINESS WIRE)--BearingPoint, Inc. (NYSE:BE), one of the world’s largest management and technology consulting firms, announced today that it has completed a comprehensive outsourcing strategic plan for China-Singapore Su Zhou Industry Park (CSSIP), a cooperative program jointly established in 1994 by the governments of China and Singapore.
August 25, 2008
Gov`t to Cut Tariff Rate on Diesel Imports to 0%
Taipei, Aug. 22, 2008 (CENS)--To stabilize the domestic economy, the government here has decided to lower the tariff rate on imported diesel to 0% from the current 5%.
August 22, 2008
More TV makers will outsource to EMS providers and ODMs
Increased outsourcing by major television OEMs may result in tighter electronics manufacturing capacity
August 21, 2008
China's Still Gold
A new China began to emerge towards the end of last year. After more than two decades of fairly predictable performance the China the business world knew so well disappeared. Foreign businesses were baffled and shocked by economic changes and governmental regulations. Around 80,000 factories failed to reopen after the Chinese New Year holiday last February.
August 20, 2008
The Transforming BPO Landscape
Chennai: The last few years have seen the Indian BPO (business process outsourcing) industry ride the offshore wave to its advantage, both in terms of business as well as employment opportunities.
August 19, 2008
China coal exports threatened by tax rises
China`s coal exports could fall further in September as higher export taxes take effect, pushing up international prices and giving Australian producers a stronger hand in upcoming contract negotiations.
August 18, 2008
Hiwin Begins Mass Production at New Plant in Taichung
Taipei, Aug. 14, 2008 (CENS)--Hiwin Technologies Corp., one of Taiwan`s leading manufacturers of precision linear-motion components, recently began mass production at its new plant in the Taichung Precision Machinery and Technology Innovation Industrial Park.
August 15, 2008
Call to Focus on Knowledge-Based Economy
No one can deny that China's economic success story in the past three decades has largely relied on its manufacturing clout. The country has been churning out Made-in-China products every day and exporting them to every corner of the world.
August 14, 2008
Olympics Limit China Iron Ore, Coal Output in July
SHANGHAI: Iron ore production in China dropped 22 per cent to 63.74 million tonnes in July from a month earlier while raw coal output fell almost 8 per cent month on month due to strict controls on explosives in the run-up to the Olympics.
August 13, 2008
CSC Saw Revenue Surge 52.5% to New High of NT$25.996 B. in July
Taipei, August 12, 2008 (CENS)--China Steel Corporation (CSC), Taiwan`s largest integrated producer of steel products, scored NT$25.996 billion (US$838.58 million at US$1:NT$31) in sales in July, up 52.52% from NT$17.046 billion (US$549.87 million) posted a year earlier and hitting a new high for three months in a row.
August 12, 2008
Price Plunge of Industrial Materials Catch Suppliers Off-Guard
Taipei, Aug. 11, 2008 (CENS)--Along with the downturn of the international market, domestic industrial-material prices are taking a plunge, reversing the businesses of domestic industrial-material suppliers.
August 11, 2008
OUTSOURCING NOT CAUSE FOR BANK JOB CUTS IN EUROPE: REPORT
Offshoring to low-cost places like India may have been perceived as the key reason for job losses in the western world, but it is mostly internal restructuring that is behind the falling employment rate at European banks, a new report has said.
August 08, 2008
Steel & mine ministries lock horns over 15% export duty on iron ore Economy Bureau
The vexed issue of 15 % export duty on iron ore exports saw the secretary of ministry of mines and the secretary of ministry of steel meet to deliberate the issue on Thursday, but failing to reach any concrete decision.
August 07, 2008
AMD may outsource chip manufacturing to dig itself out of a hole
For more than a year, AMD has been hatching a strategy to remake the cash-strapped company to better compete with giant Intel.
August 06, 2008
Upmarket Ettinger Moves to Outsource
Ettinger, maker of leather wallets and hip flasks for the Prince of Wales, is to switch some of its production overseas after three-quarters of a century of UK-based manufacturing, due to rising labour costs and an expected shortage of skilled craftspeople.
August 05, 2008
Cost hikes cut into iron and steel company profits - (Xinhua)
Costs for China's large and medium-size iron and steel manufacturers rose by more than 250 billion yuan ($36.5 billion), or 57.57 percent, in the first half, according to the China Iron and Steel Association (CISA).
August 04, 2008
Chinese Multinationals, Finance, Outsourcing, Travel, Politics, and Trade vs Challenges and Conflicts Under Globalization
By Financial Sense
JIM PUPLAVA: My guest this week is George Zhibin Gu, author of two new books :
1. China's global reach ; markets, multinationals, and globalization;
2. China and the new world order : how entrepreneurship, globalization and borderless business are reshaping China and the world.
August 01, 2008
Evraz in Australian iron ore venture with China MCC
Evraz, MCC join forces in Pilbara
Evraz Group, the steel maker part-owned by Russian billionaire Roman Abramovich, has formed a joint venture with China Metallurgical Group Corp (MCC) to develop the Cape Lambert iron ore project in Australia.
July 31, 2008
Report: China’s Domestic Chip Market Booms
EL SEGUNDO, CA – Although China’s semiconductor purchasing boom is cooling down, the nation’s demand for locally designed chips is heating up, with domestic consumption expected to rise by more than 60% from 2007 to 2012, according to iSuppli Corp.
July 30, 2008
Airbus eyes Dubai as manufacturing base
Hamburg: Airbus, the European aircraft manufacturer, on Monday revealed its interest to shift some of the aircraft manufacturing operations to Dubai through Dubai Aerospace Enterprise (DAE), according to senior executives.
July 29, 2008
MANAGING FOR SUCCESS
Conventional wisdom says a U.S. maker that sells abroad must outsource their manufacturing in China or elsewhere to compete on price. But Nordson Corp. (NDSN) is churning up sales by turning set wisdom on its head.
July 28, 2008
Lite-On to Mass Produce Energy-saving Bulbs in China, Indonesia
Taipei, July 25, 2008 (CENS)--After venturing into production of energy-saving bulbs, Lite-On Information Technology Corp., a large-sized supplier of disc drives in Taiwan, has sent its bulbs for certifications by its clients such as Philips, and is scheduled to start mass production of such bulbs at its China and Indonesia plants this September and next July, respectively, according to company sources.
July 25, 2008
TEEMA: E-product Certification Platform Needed for Taiwan and China
Taipei, July 23, 2008 (CENS)-- Arthur Chiao, chairman of Taiwan Electrical and Electronics Manufacturers` Association (TEEMA), recently appealed to Taiwan`s MOEA for formation of an integrated platform for electronics products certification to be mutually recognized by Taiwan and China.
July 24, 2008
Outsourcing is harder to manage than you may think
Modern-day outsourcing is more akin to a spider's web of intricate and overlapping relationships than simply a single function or solution that has been shunted overseas, new research has suggested.
July 23, 2008
China`s Domestic Sales of IT Products to Grow 20% This Year
Taipei, July 22, 2008 (CENS)--Despite an economic slowdown, domestic sales of IT (information technology) products in China are very likely to sustain a robust growth of 20% this year, far higher than 10% estimated in most countries of the world, according to Matthew Miau, chairman of Taiwan`s Mitac-Synnex Group.
July 22, 2008
Hon Hai Plans to Set UP a Transshipment Center in Kaohsiung
Taipei, July 21, 2008 (CENS)--Following its plan to set up operations in the Kaohsiung Software Park, Hon Hai Group has planned to establish a transshipment center for its Asian operation in Kaohsiung Harbor, which may further develop into the group`s global logistics and operation center in the future.
July 21, 2008
China increasing sophistication of exports
NEWARK -- Twenty years ago, China was known for making toys, shoes and clothing.
July 18, 2008
Invitation to re-colonize – Is Ghana for sale?
In a report published on Ghanaweb on 14th July 2008 (“NPP has "poverty of vision” – CPP”, 14th July 2008)), Dr. Nii Moi Thompson is reported to have lamented about the state of our nation rather elegantly and appositely thus: “...our national football team never entrusted to a Ghanaian, our water is in the hands of the Dutch, our roads are built by the Chinese, Presidential Palace built by Indians, waste by the Belgians, and our Telecom sector is now earmarked for an Anglo-American company.”
July 17, 2008
Cabinet to Raise Chinese Investment Ceiling Tomorrow
Taipei, July 16, 2008 (CENS)--The Executive Yuan (the Cabinet) is scheduled to pass relaxation measures for investments by domestic enterprises in China at its regular meeting tomorrow (July 17), raising the investment ceiling to 60% of their book values, up from 40% now, and scrapping the ceiling altogether for those enterprises with headquarters in Taiwan, said Shih Yen-shiang, vice economics minister, yesterday (June 15).
July 16, 2008
US, China Sign Energy, Environment Accord
Both countries pledge to launch talks on investment, financial services
WASHINGTON, DC – 07/11/08 – The US and China have signed a framework for an agreement to define cooperation on energy and environmental issues and will soon launch negotiations to reach a comprehensive investment and financial services treaty.
July 15, 2008
China Issues 2.39 mn Tonnes Coke Export Quotas
SHANGHAI: China has issued a second batch of export quotas, bringing total quotas for the year to a level just below last year's amount, but tight domestic supplies could lead to higher export tariffs and further increases in the export price.
July 14, 2008
Sinosteel Raises Stake in Midwest
China imports iron ore for steel making from miners such as BHP Billiton
A Chinese state owned steel trading firm has snapped up a controlling stake in iron ore miner Midwest.
July 11, 2008
An Ironclad Chinese Victory Down Under
Hong Kong - A combination of Australia's Murchison Metals and Midwest Corp. always looked attractive. Now that Sinosteel has beaten Murchison to their shared target, taking a controlling stake in Midwest, the Chinese metals company is likely to turn its full attentions to acquiring its erstwhile rival as well.
July 10, 2008
Contract Manufacturing Market Changing Shape
08-Jul-2008 - The contract manufacturing sector is likely to enjoy "continued and accelerating growth" in the coming years as big pharma companies continue to increase the level of outsourcing, with firms now viewing outsourcing as the default approach for making new products.
July 09, 2008
MOEA Plans to Raise Chinese Investment Ceiling to 50% of Book Value
Taipei, July 8, 2008 (CENS)--The Ministry of Economic Affairs (MOEA) has preliminarily decided to raise the ceiling for investments by Taiwanese enterprises in China to a uniform 50% of their book values.
July 08, 2008
$200 Oil + Inflation Threaten China's Economy, Too--And Should Help American Manufacturing
Common wisdom is that China and other Asian giants will inevitably supplant their Western rivals as the world's economic superpowers. But with oil shooting towards the $200 mark and inflation hovering above dangerous levels, the Chinese economic model is about to undergo a severe "stress test."
July 07, 2008
Foreigners still find good values in M’sia
FOREIGNERS still see good valuations in Malaysian properties and other assets despite the current political uncertainties.
July 04, 2008
Chinese Steel Mills have reached an Iron Ore Agreement with BHP Billiton Ltd
HONG KONG, July 4 - Chinese steel mills have reached an iron ore agreement with BHP Billiton Ltd/Plc <BHP.AX> <BLT.L> in line with the near-doubling of prices won by rival Rio Tinto Ltd/Plc <RIO.AX> <RIO.L>, Chinese industry sources said.
July 03, 2008
BHP Billiton to Settle Iron Ore Contracts
BHP Billiton, the mining company, is on Thursday expected to agree a record increase in the price of iron ore supplies to its largest Chinese customers, in line with a settlement negotiated last week by rival Rio Tinto.
July 02, 2008
Taiwan`s Export Orders Rise 14.46% to US$31.5 B. in May
Taipei, July 1, 2008(CENS)--The value of export orders received by Taiwan`s manufacturers and traders reached US$31.51 billion in May of this year, an annual growth of 14.46%, according to the statistics released by the Ministry of Economic Affairs (MOEA).
July 01, 2008
All eyes on Hunan,strategic location in China
Due to its strategic location in south-central China as well as its abundance of grain, Hunan province was once a strategic spot for various Chinese military forces in ancient times. Now the province wants to turn itself into a stronghold for businessmen who want to explore new opportunities.
June 30, 2008
Outsourcing to China not so cheap anymore
The China Price used to be the global standard for low-cost manufacturing. It shut thousands of factories across North America, put tens of thousands of Canadians out of work and drove down the price of consumer goods around the world.
June 27, 2008
Fujitsu says China share of sales to triple
BEIJING, June 26 (Reuters) - Japan's electronics group Fujitsu Ltd said on Thursday it is expecting China sales to triple as a portion of its global business within the next five years as its marketing focus shifts.
June 26, 2008
Iron Ore Deal Could Signal Consolidation Ahead for Chinese Steel Mills
SHANGHAI (Interfax-China) -- Baoshan Iron and Steel Group (Baosteel Group), China's largest steel mill and representative of Chinese steelmakers at the annually contracted iron ore price negotiations, has settled on an up to 96.5% increase with Australian iron ore miner Rio Tinto [NYSE:RTP; LSE:RIO; ASX:RIO], according to Baosteel Group.
June 25, 2008
Microsoft Establishes Innovation Center in Nangang, Taiwan
Taipei, June 25, 2008 (CENS)--Microsoft, the world`s largest software developer, recently announced the establishment of a Microsoft Innovation Center at the Nangang Software Park in Taipei to help reinforce Taiwan`s software R&D capability, and spur the development of innovative Internet applications for Taiwan`s information and communication technology (ICT) industry.
June 24, 2008
Manufacturing Downturn Fuels Growth in Offshore Outsourcing
The manufacturing sector is struggling with a slowdown in global spending as well as rocketing fuel and food prices yet offshore outsourcing is alleviating some of the industry’s woes.
June 23, 2008
Chinese Warned of Record Rise in Ore Price
Rio Tinto and BHP Billiton have asked their Chinese steelmaker customers to accept the largest ever increase in iron ore prices or risk the interruption of supplies from Australia.
June 20, 2008
Disney Plans to Outsource Robotic Figures
SANTA ANA, Calif. _ The Walt Disney Co. will begin outsourcing the manufacturing of Audio-Animatronics because of too much demand on staff time, according to an Imagineering memo sent to The Orange County Register.
June 19, 2008
Manufacturers Plan to Outsource More R&D
In collaboration with the Norwegian company StatoilHydro, Siemens is developing the world’s first floating wind turbine. In a departure from the method commonly used so far, instead of securing the windmill to the sea floor with a gigantic pylon, the power plant is to be stabilized by a special flotation buoy equipped with an anchor, reports the research magazine Pictures of the Future.
June 18, 2008
FDA to Outsource Manufacturing Inspections
17-Jun-2008 - The US Food and Drug Administration (FDA) is pushing for Congress to approve the use of more third-party inspectors as the regulatory body attempts to police a complex global supply chain.
June 17, 2008
Pharma Companies, not FDA, Should Monitor Offshore Suppliers
Just last month I wrote about an IMS report that predicted that profit-challenged U.S. pharmaceutical companies would offshore more manufacturing, followed by offshoring of other activities including R&D.
June 16, 2008
AstraZeneca Announces Outsourcing In Two Departments - Testing Services, IT Companies Sign Contracts
AstraZeneca PLC inked two outsourcing contracts this week, including one with a Swedish information technology company that will take on duties at the company's U.S. headquarters in Fairfax.
June 13, 2008
Offshoring: Where are we now?
- Labour news from UNI global union - for trade unions in a global services economy. -
Some say offshoring is taking away many IT jobs from developed economies to emerging countries. Others think the skills shortage coupled with an ageing workforce in Europe and the U.S. force companies to outsource tasks that couldn’t have been performed by local employees anyway.
June 12, 2008
Outsourcing ROI - Key elements and benchmarks for obtaining maximum ROI
June 11, 2008 -- For some, outsourcing is a controversial issue; but for many C-level executives in the manufacturing sector, outsourcing has been a strategic weapon capable of significantly improving operational and financial performance, as well as increasing shareholder value.
June 11, 2008
Environmental Solution for China's Steel Industry
The First Meros Plant for Sinter-Offgas Treatment to Be Built Outside of Europe Anzeige
Siemens Metals Technologies received a contract from the Chinese steel producer Maanshan Iron & Steel Company Ltd. (Masteel) to install the first Meros plant outside Europe. The new facility will be built at the No. 1 Sinter Plant of the company's integrated iron and steel works located in Maanshan, Anhui Province, and will be capable of treating approximately 1,000,000 m3 of sinter-offgas per hour.
June 10, 2008
With Outsourcing Smarts, They Struck It Rich
How billionaires from India and Taiwan saw a need, followed through and hit the jackpot. By Alyson Papalia
Outsourcing and offshoring are two similar concepts that are often lumped together. By definition, the former is to purchase or subcontract from an outside source; the latter, on the other hand, can be done both within and outside a company.
June 09, 2008
Outsourcing billionaires: Making fortunes by meeting demand
Outsourcing and offshoring are two similar concepts that are often lumped together. By definition, the former is to purchase or subcontract from an outside source; the latter, on the other hand, can be done both within and outside a company. These two practices, when combined, make up a phenomenon known as offshore outsourcing, a specialized field that has led seven of Forbes' billionaires directly to their fortunes.
June 06, 2008
Elcoteq Highlights Outsourcing Best Practices for Communications Technology Products at NXTcomm08, Las Vegas
Elcoteq SE, a leading integrated electronics manufacturing services (EMS) company in the communications technology field, highlights best practices for outsourcing communications technology products at NXTcomm08 in Las Vegas, NV on June 16 - 19, 2008 at booth SL8016C in the Broadband Wireless World section. Elcoteq works with companies from product development to after-market services to enable companies to improve cost of ownership and profit in the global communications market.
June 05, 2008
Outsource Work You're Not Good At
Well-managed outsourcing can save you time and money, freeing you up to focus on growing your business. But the process isn't all beer and skittles. Neglect the relationship and it could be more trouble than it's worth.
June 04, 2008
Solar startup Stion slips slightly out of stealth mode
Although it still won't divulge much about its process or materials set, San Jose-based next-gen thin-film photovoltaic startup Stion has come ever-so-slightly out of stealth mode.
June 03, 2008
Pharma Outsourcing on the Rise, Says IMS
The pharmaceutical industry has been slower than other sectors to adopt outsourcing, largely due to concerns over protecting valuable intellectual property. But rising costs and shrinking margins are leading more pharma companies to do so, says IMS in a recent report.
June 02, 2008
Proceed With Caution
Although the market for outsourcing services, manufacturing and labor is shifting due to the fall of the U.S. dollar, increased international competition and consumer backlash, the urge to send work overseas is strong as ever.
May 30, 2008
Korea Needs an Economic Framework With China
From competitive relations to strategic partnership
The Korea-China summit has provided momentum for Korea to set up a new economic cooperation framework with China, the world’s second largest economy, which is mutually beneficial for growth.
May 29, 2008
China's retail sales of consumer goods up 22% in April
China's retail sales of consumer goods in April rose 22.0 percent year on year to 814.2 billion yuan (about 116billion U.S. dollars), the National Bureau of Statistics (NBS) said on Tuesday.
May 28, 2008
China`s Employment Contract Law Forces Major Shakeout on Taiwan Companies
The implementation of the Employment Contract Law in China on Jan. 1 this year is causing a major shakeout among Taiwanese-invested enterprises there. The 20,000 or so Taiwanese-invested firms operating in the Pearl River Delta area, mostly in traditional labor-intensive lines such as hardware, footwear, toys, and garments, have been especially hard hit.
May 27, 2008
Hon Hai Wins Contract Orders for NB PCs from Dell
Taipei, May 26, 2008 (CENS)--Due to the revamped contract-manufacturing strategy of the world`s third-largest NB PC manufacturer Dell Computer Inc., the world`s top-two electronic manufacturing service providers, including Hon Hai Precision Industry Co. and Flextronics International Corp., recently obtained from Dell orders for consumer NBs, which will start to be delivered sometime in the first quarter of 2009.
May 26, 2008
Local steel firms look to tap into growing demand BY: NAREERAT WIRIYAPONG
Rising global demand and surging prices have put Thailand's steel industry in the spotlight, with executives expecting prices to remain high until at least the third quarter of this year.
May 23, 2008
Texas Instruments to Have 45nm Chips Made at Foundries
Taipei, May 21, 2008 (CENS)--When Texas Instruments (TI) recently announced its plan to have its 45nm base-band chips and digital signal chips made at two silicon foundries next quarter, industry watchers believed Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC) would be the choice partners.
May 22, 2008
CSC to Raise Wholesale Steel Prices by 10% in Q3
Taipei, May 21, 2008 (CENS)--China Steel Corporation (CSC), Taiwan`s largest integrated steel mill, plans to raise wholesale prices by 10%, or US$100 per metric ton, for products to be shipped in the third quarter of this year.
May 21, 2008
Concern Grows Over Local Steel Shortage
Concern is mounting about a possible steel shortage as demand rises in anticipation of work starting on government megaprojects. As well, global demand would be pushed up by reconstruction following the earthquake in China and the cyclone in Burma.
May 20, 2008
Taiwan-based Banks Ready to Tap Market in China
Taipei, May 19, 2008 (CENS)--With Fubon Financial Holding Co. approved to purchase a stake in Xiamen City Commercial Bank (XCCB), an array of Taiwan-based domestic banks are ready to follow suit to venture into the China market.
May 19, 2008
China Urges Rio Tinto Iron Ore Boycott
Rio Tinto is confident it will conclude its annual contract negotiations with Chinese steelmakers by the end of next month, despite calls by the country's industry association to boycott the company's spot sales of iron ore.
May 16, 2008
MediaTek Achieves Major Feat in China`s TD-SCDMA Market
Taipei, May 13, 2008 (CENS)--In collaboration with telecom-equipment supplier Datang Telecom Technology Co. of China, MediaTek Inc., Taiwan`s No.1 fabless house by revenue, has won up to 60% of telecom carrier China Mobile`s contracts for TD-SCDMA mobile phone chips.
May 15, 2008
Market Report: Chinese whispers help BHP to hit new high - By Nikhil Kumar
The speculation focused on BHP's proposed takeover of Rio Tinto and suggested that a Chinese entity bent on interposing itself between the two miners was seeking to acquire a stake in the company.
May 14, 2008
SSTTAC Issues Report on Growth of Chinese Stainless Steel Pipe Industry
WASHINGTON, May 14 /PRNewswire-USNewswire/ -- The Seamless Stainless
Tube Trade Action Committee (SSTTAC) today released a report titled
"Rigging the Game: A Report on Chinese Government Subsidies to Seamless
Stainless Steel Tubing Producers."
May 13, 2008
Dell to close Texas plant, outsource more manufacturing to EMS firms
By David Hannon -- Purchasing, 5/8/2008
PC maker Dell said in April it will close one of its two Austin, Texas manufacturing plants and plans to outsource more manufacturing to contract manufacturers in low-cost regions as part of a broader $3 billion cost-reduction plan.
May 12, 2008
U.S. Will Continue Deepening Economic Ties With Taiwan: AIT Director
Taipei, May 9, 2008 (CENS)--Stephen M. Young, AIT (American Institute in Taiwan) director, pointed out yesterday (May 8) that the U.S. government will continue deepening the U.S.-Taiwan economic ties via talks for various bilateral economic and trade agreements after Taiwan`s new government swears into office, ruling out, however, the possibility for the signing of a free trade agreement (FTA) for the time being.
May 09, 2008
Chinese domestic iron ore prices decline in April
According to the inspection of the Ministry of Commerce of China, because the growth rate of spot iron ore price in domestic marker was high before and the profit in iron ore mine exploitation increased, which boosted rapid rise of iron ore supply, domestic iron pre price declined in April 2008.
May 08, 2008
EU Probes Chinese, Turkish Wire Rod, Widening Steel-Duty Threat
May 8 (Bloomberg) -- The European Union threatened to tax wire rod from China, Turkey and Moldova to help EU producers such as Corus Group compete against cheaper imports, opening the fourth probe that targets Chinese steel in five months.
May 07, 2008
Rio Tinto shares trade at record discount to BHPB bid price
Rio Tinto`s shares in the UK and Australia are 6.9% below the all-stock offer Rio Tinto Group shares are trading at their biggest discount to BHP Billiton hostile US$162 billion takeover bid, signaling concern among investors that the offer will fail.
May 06, 2008
FORGING
Process: Forging is a metal forming process used to produce large quantities of identical parts, as in the manufacture of automobiles, and to improve the mechanical properties of the metal being forged, as in aerospace parts or military equipment.
May 05, 2008
Taiwan`s Exports to China Surge Over 20% in First 2 Months
Taipei, April 30, 2008 (CENS)--Taiwan`s two-way trade with China reached US$16.24 billion in the first two months of this year, a sharp rise of 18.9% from the corresponding figure of last year, according to the statistics released by the Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs (MOEA).
May 02, 2008
CSC to Raise Steel Prices by 20% in Q3
Taipei, April 30, 2008 (CENS)--Forced by price hikes in raw materials as coal internationally, China Steel Corporation (CSC), Taiwan`s largest integrated steel mill, is considering raising product prices by 20% on products to be delivered in the third quarter of this year to offset the increase in production costs.
May 01, 2008
Co-extrusion Machines, Plastic Blow Molding Machines
Founded in 1979 in Taiwan`s southern county of Tainan, Jih Huang Machinery Industry Co., Ltd. has been one of the most seasoned makers of extrusion machines, plastic blow molding machines and rubber injection molding machines, and has earned great reputations at home and abroad.
April 30, 2008
Samsung to outsource some work to China's TCL
SEOUL, April 29 (Reuters) - Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research), the world's top maker of liquid crystal display (LCD) panels, said on Tuesday it would outsource the assembly of some modules to Chinese television maker TCL Corp 000100.SZ.
April 29, 2008
Asia`s PC Segment Unfazed by U.S. Slowdown in Q1: IDC
Taipei, April 28, 2008 (CENS)--The Asia/Pacific, excluding Japan region (APEJ), personal computer (PC) market grew 19% from a year earlier to 17 million units in the first quarter of 2008, 2% higher than originally forecasted and with portable PCs being the major contributor, according to IDC, the premier global provider of market intelligence.
April 28, 2008
Yunnan Luoping Zinc cuts two thirds capacity on power shortages
It is reported that Yunnan Luoping Zinc & Electricity Co a Chinese producer of the metal has cut two thirds of its capacity because of a lack of power.
April 25, 2008
Strike, talks continue at Chile miner Codelco
The strike at Codelco`s Salvador and Adina continues for an eighth day while talks proceed
A strike paralyzed operations at two copper divisions owned by Chile`s Codelco for an eighth day on April 22, but the mine`s minister said the sides were progressing toward a deal to end at times violent protests.
April 24, 2008
Uni-President Scores Record Profits of 424 M. RMB in China in 2007
Taipei, April 23, 2008 (CENS)--Thanks to rapid growth in China`s beverage market, Uni-President China Holdings Co. witnessed a whopping rise of 190% in profits last year, which hit a record high of 424 million renminbi (RMB or Chinese yuan), equivalent to about NT$19.08 billion or US$59.63 million.
April 23, 2008
Machine-tool Firms See Orders Fully Packed
Taipei, April 22, 2008 (CENS)--Thanks to the influx of orders, Taiwan`s leading manufacturers of machine tools, including Awea Mechantronic Co., Tongtai Machine & Tool Co., Goodway Machine Corp., and Roundtop Machinery Co., will enjoy outstanding performance in sales in the second quarter of this year.
April 22, 2008
China: A Giant Rises
We are living through history in the making: the rapid industrialization of China and the deindustrialization of the English-speaking world.
April 21, 2008
Taiwanese Firms Switch Operations to Northern Vietnam From Mainland China
Taipei, April 18, 2008 (CENS)--To ease the impact of skyrocketed production costs in mainland China, Taiwanese firms operating there, including those form the electronics and conventional industries, are rushing to move operations to northern Vietnam.
April 18, 2008
China Steel Raises Steel Prices by 18% in Domestic Market in Q2, 2008
Skyrocketing prices of iron ore and coal have moved China Steel Corp., Taiwan`s leading upstream supplier of steel products, to raise its steel prices of by an average of NT4,200 per metric ton, for a record hike of 18%, in Taiwan in the second quarter of this year.
April 17, 2008
Fu Yu Shan Machine Works Co., Ltd.-- Extrusion Machines
Fu Yu Shan Machine Works Co., Ltd., established 30 years ago, specializes in the development and production of various kinds of plastic extrusion and injection-molding machines.
April 16, 2008
Compal Ups Production Capacity in Kunshan of Mainland China
Taipei, April 15, 2008 (CENS)--Compal Electronics Corp., one of Taiwan`s leading manufacturers of notebook computers (NBs), will expand production capacity at its fourth plant in Kunshan of Jiangsu Province, mainland China.
April 15, 2008
Lite-On, Synnex to Set Up Regional Headquarters in Guangzhou, Southern China
Taipei, April 14, 2008 (CENS)--Despite the rising costs of raw materials and labor in China, two Taiwan-based large-sized companies in the electronics sector, namely Lite-On Group and Synnex Technology International Corp., have reportedly promised China`s Guangzhou City government to set up their regional headquarters there in the future, according to industry sources.
April 14, 2008
Chinese Regulator Expands Access to the Chinese Market by Taiwanese Banks
Taipei, April 11, 2008 (CENS)--The China Banking Regulatory Commission (CBRC) announced yesterday (April 10) allowing institutions set up by Taiwanese banks in a third place to initiate business in China, in addition to permitting banks in Hong Kong and Macao set up or bought out by Taiwanese banks to establish Chinese branches directly, rather than just buying into Chinese banks according to the original regulation.
April 11, 2008
Mineral Policy Suggests Steps to Boost Exploration
New Delhi, Apr10 The National Mineral Policy (NMP) cleared by the Cabinet two weeks ago suggests steps to push up mineral exploration to boost availability, while sidestepping the issue of capping export of minerals like iron ore and conserve it within the country.
April 10, 2008
Chinese Whispers Give BHP Extra Ammo
What to make of reports yesterday that China is preparing a raid on BHP in a bid to thwart its proposed hostile takeover of Rio Tinto just as Kevin Rudd touches down in Beijing?
April 09, 2008
BHP Rises After Report China Will Buy Stake
BHP Billiton, the world's biggest mining company, rose to the highest in almost four months in New York trading after a newspaper report that China will buy a stake.
April 08, 2008
Trade to surge on coal deal - By David Uren and Andrew Trounson
Coal prices expected to triple BHP close to a deal with South Korea Standoff with China as negotiations continue
April 07, 2008
CBC Issues Over NT$4 Trillion in NCDs to Curb Inflation
Taipei, April 2, 2008 (CENS)--In a bid to mop up hot money-induced excessive liquidity on the market and alleviate inflationary pressure, the Central Bank of China (CBC) has issued massive amount of negotiable certificates of deposits (NCDs), with its outstanding amount having broken the NT$4 trillion mark, inflicting heavy interest burden on the CBC.
April 04, 2008
How To Work with China and PYA -- Protect Your Assets
The biggest error companies make is that with familiarity comes a false sense of security.
April 03, 2008
Mainland China Launches TD-SCDMA Field Tests Today
Taipei, April 1, 2008 (CENS)--Mainland China begins field tests of its TD-SCDMA (time division synchronization code division multiple access) mobile services in eight major cities today, suggesting the mainland will deploy the third-generation mobile service earlier than expected.
April 02, 2008
The Next Indo-China War - By: Sramana Mitra
The first Indochina war was fought in 1962 over border disputes in the Eastern Himalayan region. The next Indochina war, it seems, will be fought over a dramatically different turf: information technology (IT) outsourcing.
April 01, 2008
Riders on the Storm
Contract logistics, 3PL, 4PL - call it what you will - continues to be a growing business, but it is changing subtly.
So far at least, the sector does not seem to have suffered from any downturn in the wider economy. While hesitating to call any business recession-proof, the sector''s leading players see new opportunities even in the face of a general downturn.
March 31, 2008
China Minmetals Development 2007 - Profit Up 88% on Domestic Demand
BEIJING, March 30 (Xinhua) -- China Minmetals Development Co., a listed subsidiary of the state-owned metal trader China Minmetals Corp., said that its net profits rose 88 percent in 2007, driven by domestic business.
March 28 2008
CBC Adopts Measures to Curb Inflation and NT Appreciation
Taipei, March 28, 2008 (CENS)-To both curb inflation and appreciation of the NT dollar, the Central Bank of China (CBC)`s board of directors adopted various measures on March 27, including raising interest rates by 0.125 of a percentage point; differentiating B deposit reserve account into two sectors accruing different interest rates, one with funds from term deposits and the other from demand deposits; and slashing foreign-currency deposit reserve rate.
March 27, 2008
China investment strategy: Chinese multinationals, consumers, stock market, politics, banking
How to profit from exploding Chinese consumption? Why is China moving ahead fast? Get detailed info on leading Chinese multinationals Haier, TCL, Huawei, China Telecomm, China Mobile, China Oil, Bank of China, Galanz, Shanghai Auto Group, Internet, technology players, and China Construction Bank from a timely book.
March 26, 2008
Symphony Consulting to Host Manufacturing Outsourcing Forum Featuring Presenters from SigmaQuest and Arena Solutions
SUNNYVALE, Calif.--(BUSINESS WIRE)--Symphony Consulting, a manufacturing outsourcing, procurement and supply chain consulting firm, announced today that on April 30, 2008, it will host “Symphony Spring Forum: What OEMs Must Control in Manufacturing Outsourcing.”
March 25, 2008
China in Need of Green Revolution
Don't be fooled by the tranquil facade of the Taihu Lake district. One of the most powerful transformations in China is underway behind its veneer of serenity, showing the way for environmental redemption to private enterprises and the authorities in other industrial districts.
March 24, 2008
Defense outsourcing
Digg Del.icio.us Facebook Fark Google Newsvine Reddit Yahoo Print Reprints Post comment Text size: Your article on Boeing's shocking loss to French manufacturer European Aeronautic Defense and Space Co. in the Air Force's tanker competition ("Fuel tanker deal draws fire," March 9) missed some key information that puts this upset in critical perspective: The Department of Defense has effectively outsourced some 44,000 manufacturing jobs to a foreign company that routinely flouts American institutions and international law.
March 21, 2008
China not curbing spot iron ore imports-steel body
Reuters - Thursday, March 20Chinese steel mills are angry that Australian miners were trying to shift some cargoes into the spot market, where returns still exceed long-term contract prices.
March 20, 2008
Beijing denies iron ore talks meddling - By Andrew Trounson
BEIJING has denied it is interfering in fraught iron ore price negotiations, assuring Canberra that delays to Australian spot imports are not part of any state-backed plan to put pressure on recalcitrant miners BHP Billiton and Rio Tinto.
March 19, 2008
Ability Enterprise Projects to Ship Less Cameras in 2008
Taipei, March 14, 2008 (CENS)--Due to slumping orders from such major client as Samsung Electronics of South Korea, Ability Enterprise Co., one of Taiwan`s contract manufacturers of digital still cameras, has adjusted downward its annual shipment to 15 million units this year from the earlier estimate of 17 million to 18 million units.
March 18, 2008
China Blocks Rio, BHP From Spot Iron Ore Sales, CBI China Says
March 18 (Bloomberg) -- China, the world's largest buyer of iron ore, blocked BHP Billiton Ltd. and Rio Tinto Group from selling the raw material on the spot market to press them to settle contract prices, research company CBI China Co. said.
March 17, 2008
Australia Mine Operator Gets Bid From China
SYDNEY — The Sinosteel Corporation, the Chinese metals giant, made a hostile bid Friday for an Australian iron ore producer, underscoring China’s ambition to secure raw materials to support its economy.
March 14, 2008
Private American Equity Firm May Merge With Taiwan Bank
Taipei, March 13, 2008 (CENS)--It is recently reported that Olympus Capital Holdings, a U.S.-based private equity firm, intends to acquire ChinFon Commercial Bank, a local bank that has been reportedly run without due attention and care given to usually accepted standards of banking as accepted by the international community.
March 13, 2008
Hon Hai Puts Chinese Subsidiaries Under Hong Kong Holding Firm
Taipei, March 12, 2008 (CENS)--In line with change in China`s business-income tax, the board of directors of Hon Hai Group resolved yesterday (March 11) to put all of its Chinese subsidiaries under the auspices of a Hong Kong holding firm, an arrangement which will enable it to save 50% in levy on its Chinese earnings remitted abroad.
March 12, 2008
Central Bank of China (CBC) Admits Threat of Import-Driven Inflation
Taipei, March 10, 2008 (CENS)--The Central Bank of China (CBC) admits the existence of the threat of import-driven inflation on Taiwan`s economy, a situation which may prompt it to further hike interest rates, while adopting a hands-off stance towards appreciation of the NT dollar against the U.S. dollar.
March 11, 2008
INTERVIEW-FerroChina Says Open to Strategic Investor
* plans to produce galvanised steel in Vietnam
* expects zinc prices in China to rise 10 to 20 pct this year
March 10, 2008
China's steel product prices up 25% in February
BEIJING, March 8 (Xinhua) -- Average price of steel products in China surged 25.63 percent year-on-year in February to 5,095 yuan (717 U.S. dollars) per ton, according to Saturday's China Securities Journal, a newspaper run by Xinhua News Agency.
March 07, 2008
The Cabinet Relaxes Restriction on Investment Ceiling in China
Taipei, March 6, 2008 (CENS)--The Executive Yuan (the Cabinet) resolved yesterday (March 5) to relax restrictions on investments by Taiwanese enterprises in China, by allowing a more liberal calculation for the 40% investment ceiling and an extra quota associated with their domestic investments.
March 06, 2008
Foundrymen seek ban of iron ore export to China
COIMBATORE: The foundry industry urged the Centre to impose a ban on iron ore export to China so as to arrest a massive unemployment problem.
March 05, 2008
Amnesty for Unregistered Taiwanese Businesses in China a Boon for OBUs
Taipei, March 3, 2008 (CENS)--The amnesty plan of the Taiwanese government for unregistered Taiwanese-invested firms in China is expected to facilitate borrowing of such firms with offshore-banking units (OBU) of domestic banks, benefiting both parties.
March 04, 2008
Mainland China`s Chip Market Remains Brisk Despite Growth Slowdown
Taipei, March 3, 2008 (CENS)--Mainland China`s chip market grew 18.6% year-over-year, to RMB562.37 billion (US$79 billion at US$1:RMB7.1) last year, remaining the world`s fastest-growing market for semiconductor chips, according to CCIDnet, which tracks the mainland`s information-technology market.
March 03, 2008
China`s Chalco to vie for US$584m of parent`s assets - Chalco targets Chinalco assets
Chalco, will bid for nearly US$600 million worth of equity stakes in six sister firms from state parent Aluminum Corp of China (Chinalco), advancing the consolidation of the firms` sprawling assets, sources at the two companies said.
February 29, 2008
Hero Lighting Corp.--Track lighting, die-cast aluminum lighting fixtures
Founded in 1993, Hero Lighting Corp. has leveraged its considerable R&D capacity to build a solid business in track-lighting manufacturing.
February 28, 2008
MOF Raises Fines for Falsifying Export Declarations
Taipei, Feb. 25, 2008 (CENS)--The Ministry of Finance (MOF) has revised related regulation raising fines for falsifying export declarations by 30-100%, effective immediately.
February 27, 2008
Iron ore price rise could force China steel rationalization
China imports almost half of the world's seaborne iron ore, making it the largest iron ore consumer in the world, but it has become a price-taker for this basic input for steel -- perhaps because it waited too long to negotiate with major suppliers.
February 26, 2008
Tatas to double China revenues
Mumbai, Feb 25 The Tata group’s investment plans in Bangladesh may have hit a rough patch, but it is steadily gaining a foothold in China. Despite growing competition from local Companies, Tata expects to double revenues from China—primarily from TCS and Tata Steel—to $600 million this year. It will also see sourcing from that country double to $500 million.
February 25, 2008
China denies US steel energy subsidy report
A Chinese industry group on Wednesday denied the claims of a U.S. study released last month, which stated that massive government energy subsidies had fueled the country's steel exports.
February 22, 2008
China Ends Anti-dumping Measures on Korean Fiber
China has ended five years of anti-dumping measures on polyester chips and polyester fiber imports from the Republic of Korea (ROK), according to the Ministry of Commerce.
February 21, 2008
Russian Steelmaker Makes $1.5 Billion China Deal
In its first Asian acquisition, Russian steel producer Evraz Group will acquire 51% of China's Delong Holdings, triggering a tender offer to minority shareholders
February 20, 2008
MAC Considering Amnesty for Illegal Taiwanese Investors in China
Taipei, Feb. 19, 2008 (CENS)--In a bid to encourage Taiwanese businessmen in China returning to Taiwan for investments, the Cabinet-level Mainland Affairs Council (MAC) is considering to grant amnesty to those which invested in China without government approval.
February 19, 2008
BHP, Rio Iron Ore Dilemma
Sydney, Feb 19, 2008 (ABN Newswire) - The financial analysts will be crunching their models, working up the benefits to BHP Billion and Rio Tinto after it was confirmed that Japanese and South Korean steel mills have agreed to a 65% rise in the price of iron ore from April 1.
February 18, 2008
Georgia to Build on BRICs - Brazil, Russia, India, China Form Bloc of Developing Nations Key to Trade, Investment
Brazil's announcement this month of the opening of a consulate in Atlanta appears little more than a diplomatic nicety, an opportunity for Rio-bound revelers to pick up a visa or expatriates to cast a vote. Brazil, after all, becomes the 22nd country to establish diplomatic relations in Atlanta.
February 15, 2008
MediaTek`s 3G Chips Make a Big Splash in Mainland China
Taipei, Feb. 14, 2008 (CENS)--Big cell-phone suppliers in mainland China including LG Electronics, TCL Holdings Corp., Hisense, and Longcheer Telecommunications Co., Ltd. have built MediaTek Inc.`s TD-SCDMA chips into their 3G mobile phones.
February 14, 2008
Ministry of Finance (MOF) Cancels Tax Rebate for 622 Export Items From April 1
Taipei, Feb. 13, 2008 (CENS)--In line with the trend of tariff reduction, the Ministry of Finance (MOF) announced yesterday (Feb. 12) cancellation of tax rebates for 622 exported items, including cosmetics, medicines, and iron/steel, effective April 1.
February 13, 2008
SA firms penetrate Chinese industry
Johannesburg - A handful of South African companies have become "industry shapers" in China, according to Martyn Davies, the executive director of the Centre for Chinese Studies at the University of Stellenbosch.
February 12, 2008
China Takes Steps to Stem Trading Partners` Product Safety Concerns
It`s roughly since the mid-2007 when China began to face mounting pressure of product safety concerns from its trading partners, which, as market observers commented, is a major obstacle for China to move toward being a dominant power on the international market.
February 11, 2008
Noble International is a 'Steel' at Current Valuation
International (NOBL) provides laser welded blanks and tubes for the automotive industry. Its products are used by OEMs or their suppliers in automobile body components such as doors, fenders, body side panels, and pillars. NOBL provides prototype designs, engineering, laser welding, and other cutting services.
February 08, 2008
Rusal, China Power to build plants in China, Guinea
RUSAL plans to build an aluminium smelter in China and a bauxite and alumina complex in Guinea
February 07, 2008
BHP Billiton raises offer, Rio Tinto rejects - BHP Billiton makes "first and only offer" for Rio Tinto
BHP Billiton, the world`s largest mining company, raised its hostile bid for Rio Tinto to US$147.4 billion after China`s biggest aluminum company sought to block the takeover, but the latest offer was rejected.
February 06, 2008
Chinalco`s Xiao meets with Australian minister on Rio Tinto
Chinalco`s president meets with Australian minister
February 05, 2008
China takes stake in Rio Tinto, threatens BHP Billiton`s bid plan
China`s biggest aluminium producer has teamed up with US group Alcoa to buy a 12% stake in Rio Tinto plc, threatening BHP Billiton`s efforts to win the Rio Tinto group.
February 04, 2008
BHPB in iron ore supply pact with China`s Baosteel
BHPB signed an agreement to supply Baosteel with iron ore
BHP Billiton said on January 30 it had signed an agreement to supply China`s Baoshan Iron & Steel Co (Baosteel) with iron ore.
February 01, 2008
China to Levy Tariffs on Some Exported Steel Products
A steel worker in Weifang, China. Chinese companies that export steel products will face higher tariffs on Jan. 1.
January 31, 2008
BHP Billiton, China's Baosteel Strike 10-Year Iron Ore Supply Agreement
SHANGHAI, China (AP) -- Anglo-Australian miner BHP Billiton Ltd. said Wednesday it has struck a 10-year iron ore supply deal with Baoshan Iron & Steel Co., China's biggest steel maker.
January 30, 2008
WuXi PharmaTech (NYSE: WX) Hosts Its First Supplier Conference in Shanghai
SHANGHAI, China, Jan. 29 /Xinhua-PRNewswire/ -- WuXi PharmaTech , China's premier provider of pharmaceutical R&D outsourcing services hosted its first supplier conference on January 28 in Shanghai, China.
January 29, 2008
2008 - AND BEYOND
Happy New Year. I’m adding my voice to the year-ahead punditry – but taking a different approach by looking further out. The views are based on a look through the end of 2010 and represent my own thinking as well as the input of several of my colleagues. I’ll be concentrating primarily on demand trends today, with more thoughts on provider trends in a later post.
January 28, 2008
How Chindia Will Impact The World Economy
Among the large emerging economies such as Brazil, Russia, Nigeria and Indonesia, it is the rise of China and India (Chindia) which will have (and already has) enormous business implications during the first half of this Century mostly beneficial to the world.
January 25, 2008
Nation Becoming Net Corn Importer
China is becoming a net corn importer as a result of robust domestic demand from the corn deep processing sector.
January 24, 2008
Taiwan Will Embrace More Liberal Mainland Economic Policy Under New President
Taipei, Jan. 23, 2008 (CENS)--Taiwan is likely to embrace a more liberal mainland China-related economic policy under the next president, no matter who wins the upcoming election, as both presidential nominees of the ruling DPP and opposition KMT parties are leaning towards such a policy line, according to interviews of the two persons published by the Chinese-language Economic Daily News, sister publication of Taiwan Economic News, today (Jan. 23).
January 23, 2008
Formosa Petrochemical Plans to Step Into Rubber Material Production
Taipei, Jan. 22, 2008 (CENS)--Formosa Petrochemical Co., Ltd. has planned to invest another NT$100 billion, boosting its oil refining capacity by 100,000 to 150,000 barrels a day and stepping into rubber-material production for the first time.
January 22, 2008
Chinese computer maker Taiwan has announced it will be outsourcing production of all its notebook computers to Taiwan.
In an unusual move, China-based Lenovo—which took over IBM's ThinkPad line a few years ago—has announced it will be outsourcing production of all its notebooks to trusted manufacturers, rather than producing the systems itself in China. The unusual twist: those trusted notebook manufacturers are in Taiwan.
January 21, 2008
Chinese manufacturers vie for piece of outsourcing pie
Though China currently is under scrutiny for its manufacturing standards, it was the world's top toy exporter last year. It hopes to become a major player in drug manufacturing, too.
January 18, 2008
Watch total costs if sourcing in India
The benefits of cheap labor in India can be offset by higher total costs caused by poor infrastructure and the lack of a supply base. By James Carbone -- Purchasing, 1/17/2008
January 17, 2008
Thirst for outsourcing fuelling product recalls - By: Kirsty Barnes
15/01/2008 - Product recalls in the UK due to health and safety concerns have shot up to their highest level, with the rise in outsourcing to China fingerpointed for much of the blame.
January 16, 2008
Western countries 'outsourcing pollution' - By Sun Xiaohua (China Daily)
Western nations are contributing to China's CO2 emissions, according to a report from the World Wide Fund for Nature (WWF) and Norwegian University of Science and Technology.
January 15, 2008
Eight Electronics Firms Among Taiwan`s Top-10 Enterprises in 2007
Taipei, Jan. 14, 2008 (CENS)--Taiwan`s top-10 firms, in terms of annual sales, included eight electronic concerns, with the other two coming from the Formosa Plastics Group, according to statistics compiled by the Taiwan Stock Exchange Corporation (TSEC).
January 14, 2008
GM Switches Materials to Cut Costs
Materials substitutions can yield huge savings in the face of soaring metals and plastics costs. GM adopts a new strategy
Doug Smock, Contributing Editor -- Design News, January 7, 2008
January 11, 2007
China Metals Demand to Affect Australia More Than U.S. Housing Crash
Can you tell me whether the China boom will survive and outlast an American housing-lend recession? Gwen Robinson over at the FT says, “There is simply no means of knowing that, since we are in new economic territory.
January 10, 2008
Merrill Lynch, UBS Clash on China Metals Demand Forecast
Put together a falling US dollar and rosy growth forecasts from China and what do you get? If you guessed higher commodity prices, you get a gold star. Yet among the institutions, there’s mixed opinion about what metals prices will go up (or down) in 2008.
January 09, 2008
Soaring Materials Prices Cause Problems for Machine-tool Makers - 2008/01/07
Thanks to sharp price hikes for Brazilian pig iron, Taiwan`s importers have boosted their pig-iron quotations for second-quarter delivery to US$545 per metric ton, up 12.37% from prices quoted just three months ago. The price of coke, which is used as a fuel to reduce metallic oxides in metals, has skyrocketed 28.5% over the past three months.
January 08, 2008
TSEC to Solicit Overseas Investors From Singapore and Hong Kong
Taipei, Jan. 7, 2008 (CENS)--Following the holding of invest-in-Taiwan presentations in New York, London, Abu Dahbi, Dubai separately in September and December 2007, the Taiwan Stock Exchange Corp. (TSEC) will continue to hold two similar presentations dubbed "Your Gateway to Asian Prosperity" Jan. 15-16 in Singapore and Jan. 17-18 in Hong Kong.
January 07, 2008
Trends in Global Sourcing for 2008
Overall, demand in the market for IT & BPO services continue to expand in 2008: The main factors driving outsourcing is continue to be cost and access to skills not available in home country.
January 04, 2008
Innolux to Supply TFT-LCD Cellphone Panels to Nokia
Taipei, Jan. 3, 2008 (CENS)--Taiwan-based thin film transistor-liquid crystal display (TFT-LCD) panel maker Innolux Display Corp. is scheduled to begin supplying cellphone panels to Nokia for the first time in the first quarter of 2008, according to Innolux chief financial officer (CFO) Thomas Hsu.
January 03, 2008
Taiwan`s Iron and Steel Industry Expected to Continue Growing
Taiwan`s iron and steel industry will continue to grow through 2010, according to the speakers at a seminar held by the Industrial Technology Intelligence Services (ITIS) office of the Ministry of Economic Affairs (MOEA) on Nov. 22. The speakers included Chen Chien-jen, senior industry consultant at ITIS; Liu Wen-hai, ITIS project manager; and Huang Chin-chuan, deputy director of the metal research and development department of the government-backed Metal Industries Research & Development Centre (MIRDC).
January 02, 2008
Outsourcing
Outsourcing agreements promise significant value for both buyers and providers. In theory, such arrangements help buyers reduce operational expenses and achieve critical business transformation, and in return, allow providers to grow rapidly with predictable sources of revenue.
January 01, 2008
Outsourcing in China: The Beijing Region
By Jacqueline Zhang
The People’s Republic of China, if you haven’t noticed, is mind-bogglingly big. A behemoth of a country, just the Great Wall alone stretches longer than the distance between New York and Los Angeles.
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