Archive for July 19th, 2010

China to put brakes on overheated industries (2006-5-9)

The Chinese Government has announced plans to curb new real estate projects and other overheated sectors by cutting credit in an effort to cool an economy that boomed at 10.2 percent in the first quarter."First we must strengthen adjustments in fixed asset investments and tighten the throttle on land and credit," the National Development and Reform Commission (NDRC) said in a policy paper on its Web site. In the first quarter, fixed asset investments rose by 27.7 percent over the same period last year, remaining the main driver of economic growth along with foreign trade. From January through March this year, property developers invested 279.3 billion yuan (US$34.8 billion) in construction projects, up 20 percent, the National Bureau of Statistics reported on the weekend. About 50 percent of all real estate investments came from loans. With property construction in overdrive, the NDRC\'s policy paper also warned of dangerous signs of overcapacity… Continue reading

bauma 2010 begins in Munich 3150 to unfold business grandly to attend the meeting–Information center–China engineering machinery business network

　　On April 19, the 29th session of German Munich international construction machinery, the building materials equipment and project vehicles exposition - - bauma 2010 begins grandly in the Munich new international reading extensively center. 　　The exhibition opening day on Monday, in the Munich international reading extensively center area is 555,000 square meter exhibition scenes, holds 7 day-long bauma exposition, will greet from the world regional audience visit. Munich international display group Chairman concurrently CEO Klaus Dittrich delivers the opening address, he to participates in bauma 2010 exhibition's all exhibitors to extend welcome and thanks. 　　Klaus Dittrich said that unfolds the business flag to flutter high in the exhibition hall sky, has many pleasantly surprised innovation achievements on the spot as well as for the first time the product which presents in the whole world, to achieve this point, they have paid the enormous organization strength and the manpower, the physical resource, the financial resource. He pointed out that just like… Continue reading

The modern heavy industry and the LG electron will participate in the beautiful solar power station project–Information center–China engineering machinery business network

　　According to the North Korean Daily reported that American Environmental protection Energy Enterprise - - Matinee the Energy local time on April 17 indicated publicly, in 900 megawatt scale's solar power station construction project projects, had designated the modern heavy industry and the LG electron takes the first issue of 2 120 megawatt level power station project (altogether approximately 1,000,000,000 US dollars scales) first bidding. 　　Matinee Corporation plans signs the formal contract in a short time with the South Korean two enterprises, and begins construction in the second half of this year. Moreover, this company also plans in 2-3 months designates the 2nd, 3 phase of projects first bidding. 　　The US makes the new renewable energy sources related law, stipulated that various states 15-25% replace in 2015-2025 years the complete energy output by the new renewable energy sources, for this reason the US plans to 2050 altogether invests 400,000,000,000 US dollars funds… Continue reading

The Zhonglian Vietnam subsidiary company establishes the host to hit the product percentage of ultra 50%–Information center–China engineering machinery business network

　　Recently, spread the news from the Vietnamese market, authorizes the Zhonglian serious crime Vietnam subsidiary company - - Zhonglian Vietnam responsibility Limited company after the board of directors (ZOOMLIOM VIETNAM COMPANY LIMITED) to complete all registration procedure on March 23, obtains Vietnam Local government's authorization officially. This act symbolizes that the company in the Vietnamese market's development, enters into the company legal person's standardized operation stage gradually by the office stage, has established the good beginning for the Zhonglian serious crime in the Vietnamese market's further leap. 　　The Vietnamese market has been the Zhonglian product moves toward Southeast Asia's bridgehead, since 2007 company has set up the office in Vietnam, “ZOOMLION” becomes has promoted the quickest Chinese manufacturing industry brand in the Vietnamese market influence. At present, the Zhonglian serious crime serves under somebody's banner the host to hit the product to surpass 50% in the Vietnamese market percentage, other series equipment also gradually become in the corresponding profession in… Continue reading

Buffett serves under somebody’s banner the mechanical giant to plan overseas merger and acquisition first choice China–Information center–China engineering machinery business network

　　It is reported that Buffett serves under somebody's banner Israeli mechanical manufacturer IscarMetalworkingCos (hereafter refers to as, Iscar) recently indicated that this company plans to implement the overseas merger and acquisition. But because the counter-monopoly limit are few, the Chinese market will become it to carry on the purchase the first choice. 　　The public material demonstrated that was established in 1952 Iscar is the global second big metal cutting equipment producer, the main business service including the grinding tool, the machine-finishing and so on. in May, 2006, “the stock god " Buffett operates the rudder investment flagship Berkshire - Hathaway has purchased Iscar on a large scale the major stockholder IMC group 80% stockholder's rights, but serves under somebody's banner in the latter in 7 great properties is also biggest by the Iscar scale. 　　It is reported that Iscar chief executive officer content Hanmu (EitanWertheimer) once publicized indicated that this company's plan surpasses SandvikAB which the whole world is listed… Continue reading

The US engineering machinery giant Katebile first quarter turns losses into profit–Information center–China engineering machinery business network

　　The US Engineering machinery Giant Katebile Company on 26th issued that the wealth newspaper said that its production cost drop as well as the global economic return to warmer weather's impetus, the company turns losses into profit in the first quarter of this year. Because favors the management prospect, this company also surrendered to the state the annual achievement to anticipate. 　　The report showed that although Katebile company, when the season sales revenue dropped to 8,240,000,000 US dollars from same time last year's 9,230,000,000 US dollars, but realized net profit 233,000,000 US dollars (to gather each stock to gain 36 cents), reversed the same time last year to lose money 112,000,000 US dollars (to gather each stock lost money 19 cents) the aspect. If is counted the health insurance aspect 90,000,000 US dollar taxes and levies disbursements, when the Katebile company Ji Meigu gains amounts to 50 cents. 　　Considered present optimistic economic situation and the whole world to mining, energy… Continue reading

In Dalian the far shipping and the South Korean modern heavy industry achieves the strategic cooperation–Information center–China engineering machinery business network

　　On April 22 the far shipping learned, in Dalian the far shipping company and the South Korean modern heavy industry holds the long-term cooperative agreement signing ceremony in Dalian, far shipping deputy general manager in concurrently Dalian far shipping General Manager Yan Chengxiang and South Korean modern heavy industry group COO Mr. Kim Jenm Ho signs the long-term cooperative agreement officially. This symbolizes that two companies in form the strategy partner relations by the ships main engine ship primarily with the product supply side. More both sides realized long-term, the stable cooperation to lay the solid foundation, the far shipping strengthened the cost control regarding Dalian in and further promotes the core competitiveness to have the vital significance. 　　The South Korean modern heavy industry subordinates the South Korean modern group, is the world-class synthesis heavy industry company, is the South Korean heavy industry cradle, in which “the engine services department” has the world biggest scale… Continue reading

India raises the customs duty China steel business import ore to meet again bothers–Information center–China engineering machinery business network

　　when this year's iron ore negotiations face “lets it go at that” is awkward, India to the Chinese iron ore export also comes “to bother”. 　　India minister of finance announced the other day that bulk commodity and so on adjustment iron ore, cotton export taxes, the iron ore lump ore export tax rate from 10% enhances to 15%. 　　“the Indian iron ore export tax's upward will definitely enlarge China Iron and steel enterprise's cost pressure.”Union wire netting analyst Cui Jing spoke frankly during the interview. 　　South some large-scale Iron and steel enterprise Gao Guan also indicated to reporter, in view of the fact that three big mine maintenance of price top digits, “to reduce the cost the pressure, we are beginning to reduce purchase from three big ores, dispersion prospecting.”But this is not originally merit of the one day and one night, but this time India ore import difficulty's enlargement, lets the Chinese steel business dispersion prospecting the expectation face… Continue reading

The modern heavy industry aims at the new energy market to bid the solar power station project–Information center–China engineering machinery business network

　　It is reported that American Environmental protection Energy Enterprise - - Matinee Energy on April 17 announces said that in 900 megawatt scale's solar power station construction project projects, takes the first issue of 2 120 megawatt level power station project (altogether 1,000,000,000 US dollars scales) first bidding, has designated the modern heavy industry and the LG electron. 　　The South Korean modern heavy industry and the LG plan sign the formal contract in a short time with Matinee Corporation, and begins construction in the second half of this year. Moreover, Matinee Corporation plans in 2-3 months designates the second, third phase first bidding. Matinee Corporation plenary powers is responsible for the environmental protection energy projects vice-president Kim Seung-jin indicate: “Matinee will use in positively the world the most state-of-art sunlight and the sun's heat technology, hoped that will develop the next generation technology from South Korea to be able to invest into this project.” 　　Recently, the modern heavy industry announced… Continue reading

Steel and iron profession: India enhances the lump ore export tax to 15%–Information center–China engineering machinery business network

　　On April 29, the Indian lump ore export tax 10% enhanced before to 15%, the fine ore export tax still maintained 5%, has not made the adjustment. 　　Investment main point: 　　India announced that its iron ore lump ore export tax from 10% surrenders to the state to 15%, the fine ore does not make the adjustment. We thought that this act is for the purpose of enhancing its resources value, when the iron ore price inches higher was still reasonable. To our country steel and iron profession is the negative influence, but the influence is not big, because our country imports from India the iron ore close 90% are the fine ore. But if the Indian fine ore customs duty enhances correspondingly, enlarges to the domestic resources control dynamics, is big to our country steel and iron profession influence, our rough estimate must pay 7,000,000,000 Yuan every year, is equal in the first quarter steel and iron profession profit 32%… Continue reading