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Industry in Western Europe

  • 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.

  • Peugeot-Citroen lifted by Iran sales

    IRAN, 2017/08/28 French auto giant Peugeot Citroen (PSA) said Thursday world sales rose slightly in the initial half with its Iran comeback compensating for problems in China where volumes plunged by almost 50 %. Between January and June, PSA's sales in China fell by 48.6 % to 152,380 units, while in Europe, its major market, turnover was down 1.9 % to 1.03 million units, largely due to a poor performance by its luxury DS brand.French auto giant Peugeot Citroen says global sales rise slightly with Iran comeback, despite problems from China market.

  • Eurozone Industrial Production Yet To Show Improved Trend

    EUROPEAN UNION, 2017/08/22 Eurozone industry is undergoing a cautious recovery and an actual development in the current trend of production is from instantly on to happen, Bert Colijn, a senior economist at ING, said. Industrial production dropped 0.6 % monthly in June, reversing a 1.2 % rise in May, data from Eurostat showed on August 14. The new fall was the initial decline in four months. Annually, industrial production increase moderated to 2.6 % in June from 3.9 % in May.

  • Austria Private Sector Growth Maintains Strong Momentum

    AUSTRIA, 2017/07/30 Austria's private sector sustained its robust increase momentum in July amid strong increase in output, new orders and employment, survey data from IHS Markit showed Friday.

  • Mozambican company starts exporting macadamia nuts

    NETHERLAND, 2017/01/23 The Murrimo Macadâmias company, established in Mozambique under a joint venture between a company in South Africa and an extra in the Netherlands, is due in March to start its initial harvest of nuts five years next starting planting on a plot in Gurué, in the central province of Zambezia. The consortium made up of South African companies Crookes Brothers Limited and White Bird International BV, of the Netherlands, with experience in the production of fruits and other crops in Swaziland and Zimbabwe, has by presently invested additional than US$24 million in planting macadamia on a 3,000-hectare plot, of which 240 hectares have by presently been planted.

  • Eurozone Industrial Production Falls Unexpectedly

    EUROPEAN UNION, 2016/02/15 Eurozone industrial production dropped unexpectedly in December, data published by Eurostat showed Friday Industrial output fell 1 % on a monthly basis in December, faster than the revised 0.5 % drop seen in November. Economists had estimate a 0.3 % rise next falling by initially estimated 0.7 % in November.

  • Macedonian police to drive Skoda Yeti

    MACEDONIA, 2016/01/08 The Ministry of Interior promoted Wednesday new vehicles "Skoda Yeti" replacing the 12-year old "Chryslers". The new cars, equipped with necessary police devises, are not only economical but as well offer better security for law enforcers, Interior Ministry Gordana Jankuloska said at the promotion, as well attended by Premier Nikola Gruevski. Almost all MoI sectors will get new cars, while most of the old "Chryslers" are to be sold at an auction.

  • Airbus to sell three A380 superjumbo jets to Japan's ANA Holdings

    JAPAN, 2016/01/02 European planemaker Airbus (AIR.PA) has won a transaction to sell three A380 superjumbo jets to Japan's biggest carrier ANA Holdings Inc (9202.T) in a transaction valued at about 150 billion yen ($1.25 billion), the Nikkei reported. The planes are to be introduced in fiscal 2018 in routes to Hawaii and elsewhere, the paper said. Orders for Airbus A380s have dried up in recent years reflecting a fundamental shift in the industry toward smaller, twin-engine planes that cost less to fly than the stately, four-engine jumbos, which can carry as a lot of as 525 passengers.

  • Egypt to apply new round of customs deductions on EU-imported cars

    EGYPT, 2016/01/02 Egypt will apply a new phase of 10 % cuts on customs of vehicles imported from the European Union in accordance with a comprehensive EU-Egyptian trade agreement, sources at the Cairo airport customs said on Saturday. “These reductions will be applied upon the arrivals of the owners of modern European cars in all the Egyptians ports and airports,” the sources said. The EU-Egypt Association Agreement, which entered into force in 2004, provides that customs duties on vehicles "shall be reduced by 10% annually starting six years next the entry into force of the Agreement, or January 2010, with duties completely eliminated within 16 years next entry into force of this Agreement," according to the official website of the EU.

  • France's industrial production slightly up in September

    FRANCE, 2015/11/23 Industrial output in France inched up by 0.1 % in September next gaining ground a month before, the national statistics bureau Insee revealed on Tuesday. Next increasing by 2.2 % in August, manufacturing activity remained unchanged in September with falling output in transport equipment and other manufacturing offsetting a sharp increase in coke and refined petroleum products, according to Insee's monthly data. As several refineries went back to full production, the manufacture of coke and refined products was the star performer with 22.4-% increase. Meanwhile, transport sector output lost 1.5 %, driven down by a 8.1-% fall in auto manufacturing over the period next it had risen by 14.5 % in August.
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