Xindia Steels Ltd, the first Chinese-funded steel enterprise in India, laid down its foundation recently. Founded jointly by China's Xinxing Pipes Group, China Minmetals Corporation and three other Indian companies, Xindia is held 55% by Chinese companies and 45% by its Indian partners. Meanwhile, Xinxing Pipes Group remains Xindia's largest sharehold...
SHANGHAI: German chemicals manufacturer Freudenberg Group will build a 200-million-yuan Shanghai plant to make specialty lubricants and release agents. The company said yesterday local production could help boost its sales here. As well as lubricants and release agents, it sells auto interior filters and Vileda brand household products. Sales in Chi...
China sold 15.3 million tons of coke abroad for 3.05 billion U.S. dollars last year, a growth of 5.8 percent and 52.4 percent, respectively, over 2006, a General Administration of Customs source said on Friday. The average price of the exports was 199.60 U.S dollars per ton, up 44. 1 percent. The source attributed the price rise largely to mountin...
U.S. consumers believe Chinese products have the second best value in the world, only after the American goods, a recently released survey shows. The survey, conducted by New York-based GfK Roper, a market research firm serving consumer goods companies, found that 26 percent of U.S. consumers believe Chinese-made products have the best value, up from ...
Xindia Steels Ltd, the first Chinese-funded steel enterprise in India, laid down its foundation recently. Founded jointly by China's Xinxing Pipes Group, China Minmetals Corporation and three other Indian companies, Xindia is held 55% by Chinese companies and 45% by its Indian partners. Meanwhile, Xinxing Pipes Group remains Xindia's largest sharehold...
Personal computer giant Dell Inc. said Thursday that it will raise parts purchases from China by 27.8 percent this year, increasing its presence in the booming market. Dell is to buy 23 billion U.S. dollars worth of computer components and other equipment from Chinese suppliers this year, compared with 18 billion U.S. dollars in 2007, said Michael Del...
China is likely to sell 27 percent less steel abroad this year, largely due to the government's efforts to curb its exports, an industry group said on Thursday. Luo Bingsheng, vice-chairman of the China Iron and Steel Association, forecast that the country's exports of crude steel would decline to 52.5 million tons this year from 73.07 million tons in...
The world's second largest PC maker Dell Inc said yesterday it will source 28 percent more components from China this year to fuel growth in emerging markets. The company plans to buy $23 billion of components from Chinese suppliers this year, up from $18 billion in 2007, Michael Dell, chief executive of Dell, said yesterday in Beijing. Including la...
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