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Industry in Asia

  • Cambodian trade unions demand monthly minimum wage of 168 USD for garment sector

    CAMBODIA, 2015/09/29 Trade unions, which represent Cambodia's 700,000 garment and footwear workers, unanimously agreed on Tuesday to request the employers to increase the monthly minimum wage in the garment and footwear sector to 168 U.S. dollars for 2016, up from the current 128 U.S. dollars, according to a joint statement. "Next an over-an-hour conference on Tuesday morning, the trade union representatives unanimously decided to set a figure of 168 U. S. dollars to negotiate in a tripartite conference (trade union, factory, and government representatives)," the statement said.

  • 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.

  • GM Uzbekistan reveals car production figures for first half of 2015

    UZBEKISTAN, 2015/07/22 GM Uzbekistan, an Uzbek-American joint venture, produced 119,412 cars in the initial half of 2015, Uzavtosanoat has said. Last year the JV produced 245,600 cars, some 55,200 of which were exported to foreign markets. GM Uzbekistan sold some 10,357 cars in Russia in the reported period, which is 57 % less than in the same period of 2014. In the initial half of the year, GM Uzbekistan’s share of products in the Russian market amounted to 1.3 % versus 2 % in the same period of 2014.

  • Uzbekistan to increase export of light industry goods

    UZBEKISTAN, 2015/05/29 Uzbekistan plans to increase the export of light industry products up to $2.8 billion by 2019. This remark was made by Dilbar Mukhamedova, chief of the Technical Policy and Prognoses Department of UzbekYengilSanoat Joint Stock Company on May 27. "According to last year's results, Uzbekistan exported finished fabrics, knitted dyed fabrics, dyed yarns, sewing-knitted products worth $1 billion. As of today, the geography of exports has exceeded 50 nations. Traditionally significant markets are the CIS nations, and the major volume of production is exported to Russia. This year Uzbek enterprises started exports to Latin America, Africa and the U.S.," she said.

  • 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.

  • Foreign grocers struggle in fast-moving China retail market

    CHINA, 2015/05/02 From fast food to smartphones, from luxury goods to groceries, the way China shops — and what mainland shoppers want to buy — is changing rapidly. The changes are leaving foreign supermarket and hypermarket chains struggling to keep up by revamping store formats and selling additional groceries online, retail analysts say. On Wednesday Walmart announced a plan to turn round its declining sales in China by boosting store numbers by additional than 25 %, renovating existing shops and introducing a new online shopping app. The US chain has been hit by food safety scandals in China, along with rapidly intensifying competition from other large hypermarket chains and from new online grocers.

  • Uzbekistan to manufacture cabins for MAN trucks

    GERMANY, 2015/04/07 Uzbekistan’s cabinet of ministers adopted the ‘Decree on measures for further development of the MAN heavy-load vehicles production’, under which the Uzbek-German joint venture, MAN Auto-Uzbekistan, will in 2016 launch an enterprise in the Samarkand region to produce cabins for heavy-load trucks. The decree stipulates that the MAN Truck&Bus AG, a division of MAN group companies, and Uzavtoprom will realize a project to launch the production of cabins for the MAN heavy-load vehicles at the MAN Auto-Uzbekistan JV. JV MAN Auto-Uzbekistan is the customer.

  • India, Kazakhstan negotiating to invest in Iran’s steel sector

    INDIA, 2015/03/30 India and Kazakhstan are negotiating with Iran to invest in the country’s steel sector. “We have announced readiness to accept Indian investment in the steel sector and they are planned to start activity in the country,” Iran’s ISNA news agency quoted Iran’s deputy industry minister Mehdi Karbasian as saying on March 24. “We are as well negotiating with Kazakh companies to invest in our steel, zinc, and aluminum projects,” he added. A large number of representatives of foreign mining companies have visited Iran over the completed year and have announced readiness to invest in Iran, he said.

  • Huayi joins Hollywood for 18-film deal

    CHINA, 2015/03/19 China’s major privately run film production company, Huayi Brothers Media, says that it has reached a transaction to finance, co-produce, and release 18 feature films by 2017 with an unnamed US partner. The Beijing-based company did not identify its US counterpart but people familiar with the situation said it was Burbank-based STX Entertainment. The venture is not the initial co-production transaction Huayi has done in Hollywood, but it is — according to the film group — the initial time a Chinese company will take part in all process of Hollywood filmmaking, from investment to production and distribution, and get a cut of total world revenues from films in addition to the Better China distribution rights.

  • Tesla's China Business Faces Varied Challenges

    CHINA, 2015/03/07 For $104,000, Yu Hangmei expected a car that could, at the very least, be driven. What Ms. Yu said she got instead was a new electric Tesla Model S sedan and a malfunctioning charging station. While driving through her town in coastal Zhejiang Province recently, Ms. Yu, 45, realized that even though she had plugged in the vehicle, the battery was almost dead. “I thought next a day of charging it was fully charged, but turns out it wasn’t charged at all,” said Ms. Yu, an artifact exporter. Tesla owners need an electric charger specifically calibrated to the vehicle’s voltage and current requirements, still something of a rarity near her home. “Luckily I bumped into a fellow Tesla owner online who let me charge at his place. It took three hours.”
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