New Ringier CEO visits China office
Publish on 6/18/2009 04:06:32 PMChristian Unger, the new CEO of Ringier AG, has visited Ringier Trade Publishing Ltd's Shanghai office on March 23, 2009 giving the opportunity to meet Mike Hay, managing director of Ringier Trade Publishing Ltd, and the other staff. Unger was previously the CEO of the Naspers subsidiary MIH Internet Europe BV and former CEO of Bertelsmann China. He joined Ringier AG in January this year. As a new CEO, he seeks to get acquainted with the Ringier AG staff worldwide.
Tata Steel launches power house #6
Publish on 6/18/2009 04:06:00 PMThe Governor of Jharkhand, Syed Sibtey Razi, has inaugurated Power House #6 (PH #6) inside Tata Steel Works. The inauguration of the PH #6 is an achievement by Tata Steel's Jamshedpur Works and a step towards its expansion plan to produce 6.8 metric tons. The PH #6 has been developed by Industrial Energy Ltd (a joint venture company of Tata Power and Tata Steel).
UGML builds pig iron plant in Maharashtra
Publish on 6/18/2009 04:06:41 PMUttam Galva Metallics Ltd (UGML) has signed a memorandum of understanding with the Government of Maharashtra to establish a pig iron manufacturing plant with a proposed output of half a million tones. The plant located at Wardha, Maharashtra will be an integrated facility for steel making, complete with coke oven and sinter plant. The project will also generate employment opportunity for about 380 people.
API opens Belgaum metal finishing facility
Publish on 6/18/2009 04:06:24 PMAerospace Processing India (API) has opened its processing facility in Belgaum, Karnataka, India to cater the aerospace manufacturing industry. Located in the QuEST Global Precision Engineering SEZ, API is positioned to provide metal finishing treatment services for both the Indian export and domestic markets.
Automotive sector drives India's forging industry
Publish on 6/18/2009 04:06:46 PMResearch and Markets has announced that India's domestic automotive sector and outsourcing have been the key drivers of growth for the forging industry in India, with consistent increase in production, capacity utilization and exports. The fortunes of the forging industry is on a rise due to the booming auto component industry with forging exports projected to touch the magic figure of US$5 billion, which is about 15% of the auto component exports by 2015.
SAIC deploys Siemens PLM's Teamcenter
Publish on 6/18/2009 04:06:16 PMShanghai Automotive Industry Corp. (SAIC) Motor Corp. Ltd, one of the largest automobile enterprises in China, has standardized Teamcenter software, Siemens PLM Software's digital lifecycle management solution, as its global collaboration platform. The Teamcenter is expected to help SAIC achieve greater productivity through a reduction in development costs and total time to market, as well as an overall enhancement in product quality.
China's iron & steel market faces economic crunch
Publish on 6/18/2009 04:06:33 PMThe ironstones bought by China's iron and steel enterprises in the previous time were at a high expense. However, the market demands were depressed, leading to the decline in China's steel prices, no profits for steel enterprises and consecutive losses of the steel industry.
Thailand opens BOI office in Beijing