Chery sa temperature controller ys no cooperation deal with Jianghuai yet

dw234ycv — Thu, 29 Dec 2011 08:38:28 +0000

Chery sa temperature controller ys no cooperation deal with Jianghuai yet
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Chery says no cooperation deal with Jianghuai yetPublished: 21 May 2009 22:05:05 PST

Shanghai, May 22 (Gasgoo.com) Following Guangzhou Automobile’s merger with Hunan Changfeng Motor Co on Thursday, Chery Automobile Co and Anhui Jianghuai Automobile Co may become the next couple of companies to form a similar alliance in response to government’s call for creating competitive automobile giants, the NanFang Daily reports.

Starting Thursday, Chery and Jianghuai jointly started a road show in China’s western areas, including Chengdu, Guiyang and Tibet, to promote brand sales in the region. But Chery spokesman Jin Yibo said the show is simply a marketing programme, which does not mean any cooperation or merger plan between the two companies has been started.

The government in eastern China’s Anhui province issued guidelines early this month supporting alliances and mergers of its automakers, which include Chery and Jianghuai. Jin said despite the guideline, the sides haven’t made any progress on possible mergers.

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Sinopec steel flange to increase oil processing at Zhenhai refinery

dw234ycv — Thu, 29 Dec 2011 08:26:10 +0000

Sinopec steel flange to increase oil processing at Zhenhai refinery
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Sinopec to increase oil processing at Zhenhai refineryPublished: 08 Jul 2009 23:57:15 PST

Jul. 9, 2009 (China Knowledge) – China Petroleum & Chemical Corp (Sinopec)<600028><0386>, a subsidiary of China Petrochemical Corp (Sinopec Group), intends to increase the crude oil processing volume at Zhenhai refinery, which is located in Ningbo City, Zhejiang Province, to 1.6 million tons in July, sources reported.

According Dow Jones Newswires, the refinery’s processing capacity will swell to 376,800 barrels per day (bpd) this month, up 6.8% from 352,800 bpd last month. Its operating rate will be 94%.

Reportedly, an oilfield project in which Sinopec holds a 25.1% stake and in which Russia-based Rosneft holds the remaining 74.9%, started drilling on Jul. 8. Transocean Shelf Explorer is in charge of the oil and gas exploration for the oilfield, which is located in the Pacific Ocean.

Sinopec and Germany-based BASF AG will jointly invest US$1.4 billion to expand their petrochemical complex in Nanjing in eastern China. The new investment is 40% more than originally budgeted for the expansion project, China Knowledge reported earlier.

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Chery sa temperature controller ys no cooperation deal with Jianghuai yet

Sinopec steel flange to increase oil processing at Zhenhai refinery