Archive for July 20th, 2010

Cummins sees 2006 revenue up 8-10% (2006-5-15)

Engine maker Cummins Inc. said on Tuesday it expects revenue to rise by 8 percent to 10 percent in 2006 thanks to continued to strength in all its markets.Chairman and Chief Executive told the annual shareholders meeting that Cummins was "in a good position" to weather an anticipated downturn in heavy-duty truck engine demand next year.Truck and engine makers are girding for a drop in orders for their biggest trucks and diesel engines next year, when tough U.S. clean-air rules take effect.The new rules will require truckmakers to install more expensive engines that also cost more to maintain and run than existing engines.The clean-air rules are prompting many truck buyers to accelerate purchases originally scheduled for 2007 and are boosting profits at truckmakers such as Paccar Inc. (PCAR.O: Quote, Profile, Research), as well as rivals engine makers such as Caterpillar Inc.(CAT.N: Quote, Profile, Research).That buying spike has investors worried as it… Continue reading

Terex expects China sales to hit $2.0 bln (2006-5-15)

Diversified manufacturer Terex Corp. expects its sales in China to jump to $2.0 billion by 2011 from $120 million in 2005, due largely to robust demand for construction and mining gear, its chairman told Reuters.To help achieve that growth, Ronald DeFeo said he aims to invest at least $150 million in the country over the next few years, with some of those funds possibly spent on acquisitions.Fuelled by that sales growth in China, DeFeo said he expected the Asia Pacific region to account for a third of Terex\'s global sales by 2011, up from the current 15 percent."This is the century for the Pacific Rim\'s growth and modernisation. If you build equipment you should want to be here," he said on Monday in a telephone interview from Beijing, where he is attending an industry exhibition.Terex, the No. 3 construction equipment company behind Caterpillar Inc. and Japan\'s Komatsu Ltd. posted global sales… Continue reading

Cat Says No To Bauma China (2006-5-15)

On the first day of the first ConExpo Asia show, Caterpillar announced it would no longer participate in the Bauma China exhibition, throwing its immense weight solely behind the new Association of Equipment Manufacturers (AEM)-sponsored show.ConExpo Asia is beginning the first of a three consecutive year run in Beijing in an attempt to become the dominant off-highway show in the burgeoning Chinese market. The show got a huge boost with Caterpillar, the world\'s largest off-highway equipment manufacturer, announcing ConExpo Asia would be it\'s exclusive show for the Chinese construction equipment market.Rod Beeler, Cat vice president for Asia Pacific marketing and chairman of the ConExpo Asia management committee, said that, with AEM putting any profits made from the show back into the industry through the association, it was a more appropriate business model for Caterpillar to support.Terex chairman, president and CEO Ron DeFeo said the ConExpo Asia would also become that… Continue reading

Experts optimistic about China\’s macro-economy (2006-5-8)

Economists and entrepreneurs attending the Boao Forum for Asia 2006 expressed their optimism in China\'s macro-economic situation on Sunday. According to statistics issued by the National Bureau of Statistics, China\'s GDP for the first quarter is 4331.3 billion yuan (541.4 billion U.S. dollars), up 10.2 percent over last year and higher than the growth rate of 9.9 percent from the same period of last year. Li Deshui, former director of NBS, said China\'s high growth in the first three months is closely connected to the current situation of the global economy. The International Monetary Fund (IMF) adjusted its forecast to the economic growth of the United States in 2006 from 3.3 percent to 3.4 percent, and that of Japan from 2 percent to 2.8 percent. According to statistics, investment in fixed assets grew by 27.7 percent year on year to 1,390.8 billion yuan in the first quarter, retail sales reached 1,844… Continue reading

World bank: in 2010 Chinese GDP increases 9.5% interest rates to become the lead

    The World Bank Beijing standard time on 18th issues newly "the Chinese Economical Quarterly report" indicated that continues to maintain to the Chinese economic prospect optimistic attitude, estimated that in 2010 and in 2011 China GDP (GDP) grows 9.5% separately and 8.5%. The world bank experts suggested that China should enable the interest rate to become in the monetary policy a more important part.

    Although after having experienced first quarter's swift growth, because in the macroscopic policy certain extent tends the normalization, as well as China to real estate market's regulation, the Chinese economy's growth has in the second quarter postpones, but the world bank still maintains optimistic to the Chinese economic growth.

    World bank China economy chief economist Ardo Hansson indicated in the report that estimated in 2010 China's GDP speed-up is 9.5%,2011 years is 8.5%. He suggested that in 2010, the Chinese economic growth should little rely on the investment, but depends on a stronger foreign trade and… Continue reading

US congressman collects to the Chinese Renminbi changes “sends the ultimatum”

    US member of national assembly to China RMB rate question enhancement warning decibel. The Democratic Party members of the house of representatives, the House of Representatives raise funds commission chairman Saund Levine on 16th to threaten said that if (G20) the summit has not changed the exchange rate policy China to next Tuesday groups of ten, the US will take the action to put to the legislative procedure.

    Levine in the House of Representatives raises funds the committee to declare in the same day about at the Chinese economic policy public hearing, “American and international society's patience passes through 7 years later already exhausted”.

    He added that the Austria Pama Government from the 26th to 27th of the month the G20 summit which holds in Toronto “will already take the important node, requested the Chinese change exchange rate policy”. “if China does not take the action, the Austria Pama Government is not rapid responds, then Congress will have an action… Continue reading

The World Bank forecast that in 2010 China will realize the temperate bloating

    Although in May CPI breaks through the official hypothesis the year regulation goal to further initiate the market worrying which bloating to China, but the World Bank on 18th indicated that China's core currency inflation rate still maintains a low position, estimated that the whole year will realize the temperate bloating.

    In newest one issue "the Chinese Economical Quarterly report", the world bank pointed out that because the whole world does not have the price rise pressure, moreover the domestic wages - price's screw rise not too possible to appear, therefore this year China's inflation level will still be restricted. According to the official data, in May, Chinese resident consumption price index (CPI) rises 3.1% compared to the same period, the first 5 month average rises 2.5%.

    The report said that China's price receives the international price the influence to be very big. Although food price and the house rent rise have brought some price upward pressure, but the global… Continue reading

France in April, 2010 manufacturing industry production link ratio grows 0.4%

    on June 10, 2010, France State Statistical Bureau announces the data demonstrated that the French April's manufacturing industry production link ratio grows 0.4%, March's manufacturing industry production link compares the increased range after the revision is 1.2%, at first announces the data grows 0.8%. French in April the total industrial production (including energy) drops 0.3%, in March grows 1.3%.

    in 2010 the first quarter, the French manufacturing industry production grows 1.4%, the total industrial production grows 1.5%. The analysis believed that the newest statistical data demonstrated the French economy is recovering gradually, the industrial production has the growth same time compared to 2009, but also far is lower than 2008 April's level.

    French April's automobile industry decrease in production 7.2%, but March's automobile production range of fall is only 1.7%, France automobile industry occupies its manufacturing industry production 10%. in 2010 first quarter, France automobile industry decrease in production 4.7%.…

British in April the manufacturing industry production accident slides in March comes to fall

    According to Pengboshe reported that British in April the manufacturing industry presents three month first time drops, the reason is the automobile decrease in production, indicated that the British economic resurgence maintains the growth power with difficulty.

    The Britain State Statistical Bureau on June 11 announces the statistical data demonstrated that in April, 2010, the British manufacturing industry delivers compares in March drops 0.4%. In the estimate which after 25 economists before this Pengboshe carries on investigation obtains the value to grow 0.5%. Another report showed that the British May's producer price index rises 0.3%, is lower than the economist before this anticipated rise 0.5%.

    In the British manufacturing industry's 13 departments, some 6 realize the growth, 7 appear falls. And, what the decline range is biggest includes automobile's sport and communication facilities, after that respectively is food, the drink and the tobacco as well as the electron and the optical device.

    Contains the public utilities, mining… Continue reading

The Polish Government “Xiang army” ejects the olive branch to the engineering machinery

    By the Polish information and the foreign investment bureau sponsor, province trade association joint's Polish economics and trade investment showing can hold in Changsha. The Polish information and foreign investment bureau assistant commissioner horse Leica Uygur date tile gentleman leads Poland to bring in foreign capital the delegation to seek for the cooperation opportunity in Hunan, and to engineering machinery enterprises and so on Zhonglian serious crime, 31 heavy industry ejects the olive branch.

    It is reported that takes Europe service industry and the manufacture profession center, Poland has the high quality, and the more inexpensive human resources, are topped in 2010 “Europe second most has the foreign investment attraction country” the title. At the same time, after Poland is also the international finance crisis erupts, in 2009 only realizes GDP the EU country which grows. The Polish Government proposed for the foreign investor a series of economy preferential policy, domestic altogether supposes 14 special economic zones, in the… Continue reading