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Industry in China

  • Analysts Say China-Backed Aluminium Recovery May Soon Slow

    CHINA, 2017/09/29 A study released this week by a China-based private analyst predicts that the recovery in the aluminium market fostered by Beijing’s attempts at supply-side reform may any minute at this time wane. The China Beige Book, which is a quarterly survey of over three thousand Chinese businesses and 160 banks in almost three dozen different industries, reports that commodities firms in the Middle Kingdom are greeting the Chinese government’s campaign to clamp down on rampant overcapacity with a healthy dose of skepticism. The study notes that, despite numbers released by Beijing, in general capacity in the aluminium market has experienced a net rise for the last six consecutive quarters.
  • China embraces smart factory technology in manufacturing arms race with Germany, Japan

    CHINA, 2017/09/23 Faced with rising labour costs owing to its shrinking labour force, China has by presently overtaken Japan as the world’s major industrial robot market. Industrial robot sales in China this year are estimated to reach US$4.2 billion, according to the Chinese Institute of Electronics. But a lack of core technology means the country has been highly dependent on foreign supply. Imports from well established overseas major producers such as Swedish-Swiss firm ABB, Germany’s Kuka, and Japan’s Fanuc and Yaskawa Electric account for additional than 60 % of all robots bought by Chinese manufacturers.
  • Zhongwang Acquires German Alumnium Extrusion Firm ALUnna

    CHINA, 2017/09/16 The world’s second major aluminium extrusion firm China Zhongwang Holdings Ltd announced yesterday that it presently holds a controlling interest in German aluminium extrusion firm Aluminiumwerk Unna AG (ALUnna). Although no price for the purchase was given, the transaction gives all owned German subsidiary Zhongwang Aluminium Deutschland GmbH a 99.72-% equity interest in ALUnna. According to experts, the purchase enhances Zhongwang’s position in the world aviation market inclunding giving the firm a stronger foothold on the European continent.
  • Damac awards $953m worth of contracts so far in 2017

    CHINA, 2017/09/08 Luxury real estate developer Damac Properties has revealed it awarded over 370 contracts worth $953 million (AED3.5b) since January 2017 for construction, supplier and consultancy services across 20 of its projects. Additional than 50 % of contracts awarded, $490m, has gone towards the firm’s major master golf community, Akoya Oxygen, with major construction ongoing across the 55-million square foot development.
  • China e-car venture Future Mobility names brand Byton, eyes U.S., Europe

    CHINA, 2017/09/08 Chinese electric-car venture Next Mobility Corp, co-founded by former BMW and Nissan Motor executives, has named its brand “Byton” that it plans to launch in the United States and Europe any minute at this time next starting sales at home in 2019. Next Mobility, which recently raised $200 million from investors inclunding China’s Suning and Fullshare Holdings, is looking to launch three cars by 2022. It by presently has a premium midsize crossover sport utility vehicle ready to go into the next “critical” phase of development. The company has said the SUV will hit China during the fourth quarter of 2019.
  • China's top train maker receives order from India

    CHINA, 2017/04/07 An affiliated company under China's top train maker CRRC Corporation has acquired a subway train order from Nagpur, India, the company said Sunday. A total of 69 train coaches will be produced by CRRC Dalian for subway operations in Nagpur, the major city in central India, according to an agreement signed by the company and a local subway company. The trains are for two urban rails in the city with a total length of 38 km.
  • Support from China for the industrialisation of Angola and Mozambique

    CHINA, 2016/06/04 Support from China for the industrialisation of Angola and Mozambique has been set as an objective on a government level, as large investments in local production capacity, even additional necessary at a time of economic difficulties, are presently expected. The Forum for China-Africa Cooperation (FOCAC) held in December 2015 in Johannesburg set the goal to shift Chinese industries to Africa, a subject that was discussed once again during the recent visit by Mozambican president, Filipe Nyusi, to Beijing, inclunding at the same time as his Angolan counterpart was in Beijing.
  • Africa: China - Africa's Springboard to Industrialisation

    CHINA, 2016/05/10 China is fast proving its mettle on its commitment to helping African nations come out of their situations to occupy world positions of prosperity. While some people on the continent are from presently on to wake up to that reality, the Asian country has a drawn-out vision which augurs well with the developmental aspirations of African nations. That China has emerged as Africa's major trading partner in the last few years is undisputable, with trade reaching $975,92 billion between 2011 and 2015.
  • Chinese car to be produced in Indonesia

    CHINA, 2015/07/27 A new joint venture company owned by Chinese and Indonesian investors is ready to produce Chinese-brand cars in Indonesia as the country’s request for vehicles continues to grow, an executive has said. The any minute at this time-to-be-named company was established by Indonesian investor Sokonindo Automobile and Chinese vehicle manufacturer DFSK, a joint venture between China-based firms Dongfeng Motor Group and Chongqing Sokon Motor Group. Under Sokonindo’s supervision, the company will finalize the commissioning of its US$150 million assembly plant in Tangerang, Banten, in November before launching its trial production of Chinese-brand Sokon cars, according to commissioner Alexander Barus.
  • Ziv Av Engineering (ZAE), one of Israel’s largest high-tech products development firms,

    CHINA, 2015/05/07 It at no time took off the way CEO Shai Agassi – and the a lot of Israeli government and business officials who supported it – thought it would, but the technology designed for presently-defunct Better Place’s battery swapping program for electric cars will finally have its day in the sun. Ziv Av Engineering (ZAE), one of Israel’s major high-tech products development firms, will design and supply battery switching stations for electrically powered vehicles in Nanjing, the capital of Jiangsu Province in Eastern China. ZAE has signed a cooperation agreement with Chinese company Bustil (BYD), which holds the franchise for charging and switching batteries on electric vehicles in the city.