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SAIC to multi foil insulation build new energy car plant in Caofeidian

dw234ycv — Thu, 29 Dec 2011 08:38:51 +0000

SAIC to multi foil insulation build new energy car plant in Caofeidian
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SAIC to build new energy car plant in CaofeidianPublished: 27 Nov 2009 01:17:48 PST

Nov. 27, 2009 (China Knowledge) – SAIC Motor Corp Ltd<600104>, the listed subsidiary of Shanghai Automotive Industry Corp Group, signed a framework agreement with the Tangshan municipal government on Wednesday to set up a joint venture plant in the city.

The JV plant, to be located in Caofeidian economic development zone, will be built into SAIC’s production base for new energy cars. The new plant will leverage on the advantageous geographic location and the rich natural resources of Caofeidian and is expected to satisfy the growing demand for green vehicles in the Bohai Bay Rim region, which has a population of around 250 million.

Reportedly, SAIC plans to launch a serious of new energy cars from next year, including hybrid cars and self-developed electric cars.

Earlier this month, Hu Maoyuan, chairman of Shanghai Automotive Industry Corp Group, said at an industry forum that the group would invest RMB 6 billion to develop and produce new energy cars over the next two years. The investment includes RMB 2 billion for the building of car-making factories.

China’s maillots de bain pas cher telecom sector sees revenues rise 11.3% in Jan-Apr

dw234ycv — Thu, 29 Dec 2011 08:38:30 +0000

China’s maillots de bain pas cher telecom sector sees revenues rise 11.3% in Jan-Apr
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China’s telecom sector sees revenues rise 11.3% in Jan-AprPublished: 26 May 2009 17:27:49 PST

MIIT said the number of newly added phone users hit 30 million in the period, bringing the total number to over 1 billion. The total number of mobile phone users increased by 37.6 million in the period from Jan. to Apr and reached 679 million. The number of broadband users in the country increased by 6.4 million and reached 89.8 million.

Fixed-asset investment in the sector grew 16.9% from a year earlier to hit RMB 64.78 billion, mainly due to the network requirements of the new 3G technology, according to the ministry.

The ministry also said the penetration rate of mobile phones in the country had exceeded 50% by the end of April.

In addition, China’s software industry revenues jumped 23.5% year on year to RMB 255.2 billion in the first four months of 2009. Software products revenue increased 22.4% from a year earlier to RMB 64.6 million. Software exports in the period surged 48.2% year on year to US$4.93 billion, according to ministry figures.

Kowloon film blowing machine Dev’t to buy 2 properties from parent for HK$857 mln

dw234ycv — Thu, 29 Dec 2011 08:38:26 +0000

Kowloon film blowing machine Dev’t to buy 2 properties from parent for HK$857 mln
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Kowloon Dev’t to buy 2 properties from parent for HK$857 mlnPublished: 17 Aug 2009 19:42:29 PST

Aug. 18, 2009 (China Knowledge) – Kowloon Development Co Ltd<0034>, a Hong Kong-based real estate developer, has signed an agreement with parent Polytec Holdings International, which holds a 69.77% stake in the Hong Kong-listed firm, to fully purchase Best Award Investment and High Cheer Investment for a total of HK$857 million, sources reported.

Best Award Investment currently has a residential property project called Mount East, which is located in North Point, Hong Kong, has a land area of 706 square meters and has a potential floor area of 5,706 sq m. Kowloon Development will acquire the property, which is expected to be completed by Jun. 30, 2011 and has 36 stories, for HK$41,319 per sq m, a 20.1% discount to its market value.

High Cheer Investment has a mixed-use property project located in Hunnan New Area, Shenyang, Liaoning Province, which covers a land area of 171,339 sq m and will have a floor area of 578.561 sq m. Kowloon Development will acquire the project at a 37.2% discount compared with its market value at a purchase price of HK$1,073 per sq m.

Reportedly, Chairman Or Wai Sheun said that the firm is seeing an improving property market in Hong Kong and mainland China and is confident about the future.

Qantas C Sealing Machine EO sees early signs of pick-up in China

dw234ycv — Thu, 29 Dec 2011 08:38:25 +0000

Qantas C Sealing Machine EO sees early signs of pick-up in China
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Qantas CEO sees early signs of pick-up in ChinaPublished: 26 May 2009 20:11:51 PST

MELBOURNE, May 27 – Qantas Airways Ltd ,Australia’s biggest airline, is seeing early signs of a pick-upin China’s air freight business, Chief Executive Officer AlanJoyce told a business lunch on Wednesday.

Qantas last month forecast that it would report a loss inthe second half of the 2009 financial year as it battled a dropin passenger demand and rising competition.

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Qantas C Sealing Machine EO sees early signs of pick-up in China

dw234ycv — Thu, 29 Dec 2011 08:38:24 +0000

Qantas last month forecast that it would report a loss inthe second half of the 2009 financial year as it battled a dropin passenger demand and rising competition.

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Alstom s drop shipping ells EUR 160 mln worth of power generators to CTGPC

dw234ycv — Thu, 29 Dec 2011 08:38:20 +0000

Alstom s drop shipping ells EUR 160 mln worth of power generators to CTGPC
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Alstom sells EUR 160 mln worth of power generators to CTGPCPublished: 20 Apr 2009 21:33:53 PST

Apr. 21, 2009 (China Knowledge) – Alstom SA, a France-based conglomerate with operations in the power generation and transport markets, announced on Monday it has signed a contract worth EUR 160 million with China Three Gorges Project Corporation (CTGPC), a state-owned hydropower enterprise.

According to the contract, Alstom will provide four hydroelectric generating sets with a combined installed capacity of 6,400 MW to CTGPC’s Xiangjiaba hydro power project.

The first hydroelectric generating set will officially start operations in October 2012, and the entire project will be in business operation by the end of 2013.

Xiangjiaba hydropower project, with a total investment of RMB 28.9 billion, will be the fourth largest dam in China upon completion of the construction.

Send feedback or comments to: news@chinaknowledge.com

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Airbus m Waterproof socks ay locate part of A350 work in Tianjin

dw234ycv — Thu, 29 Dec 2011 08:38:04 +0000

Airbus m Waterproof socks ay locate part of A350 work in Tianjin
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Airbus may locate part of A350 work in TianjinPublished: 22 Apr 2009 17:00:35 PST

Apr. 23, 2009 (China Knowledge) – Airbus SAS is in talks with Chinese counterparts to locate a part of the A350 work in Tianjin, which would involve a new segment within the airplane manufacturing industry, said Marc Bertiaux, vice-president of Airbus Cooperation and Partnership with China, China Daily reported on Wednesday.

In 2007, Airbus signed a deal with the National Development and Reform Commission (NDRC), China’s top planning body, to allocate 5% of the A350 XWB airframe work to the Chinese aviation industry. However, Bertiaux did not disclose details of the possible new project in Tianjin due to commercial considerations, according to the report.

In addition, the company also plans to build a logistics center in Tianjin, which will offer efficient and effective services for Airbus’ airplane manufacturing activity in the country.

Last year, Airbus launched the Airbus A320 Family Final Assembly Line (FAL) in Tianjin, which involves investment of RMB 8~10 billion. The Tianjin FAL was the first Airbus final assembly line outside Europe.

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today:

To access our page on Bloomberg, type CKFI

Beijing 防火窗 Auto plans to build Opel factory in China

dw234ycv — Thu, 29 Dec 2011 08:28:00 +0000

Beijing 防火窗 Auto plans to build Opel factory in China
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Beijing Auto plans to build Opel factory in ChinaPublished: 06 Jul 2009 21:15:09 PST

Shanghai, July 7 (Gasgoo.com) In a detailed bid it submitted last week for GM’s Opel, Beijing Auto outlined a plan to spend $2 billion setting up Opel’s first factory in China, the Financial Times reported. The factory would start operating in 2012.

Beijing Auto plans to build Opel models specifically for the Chinese market. Meanwhile, the Chinese automaker will use Opel’s German plants to export cars to China and proposes to shut down GM’s Belgian Antwerp plant and cut Opel’s European workforce.

Beijing Auto has offered €660 million ($920 mln) for cash-strapped Opel. The Chinese carmaker’s bid is conditional on €2.64 billion in state guarantees and it proposes to let GM keep 49% of Opel’s shares, much more than the other suitors.

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