Hydro CEO as IAI's new chairperson

Publish on 6/28/2010 01:06:39 PM

Hydro President and CEO Svein Richard Brandtzæg has been elected chairperson of International Aluminium Institute (IAI), the global aluminium industry association. Brandtzæg is appointed IAI chair for a period of two years, and replaces Artem Volynets from UC Rusal. "I am honoured by this appointment, at a time when aluminium metal and materials are experiencing strong growth, and as the industry faces both shortterm chal lenges and long-term opportunities ," Brandtzæg said.
Siemens PLM unveils new advancements at Shanghai expo

Publish on 6/28/2010 01:06:30 PM

Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a global provider of PLM software and services, unveiled at The World Exposition Shanghai China 2010 (Expo 2010) the latest enhancements added to NX™ software, the company's integrated CAD/CAM/CAE solution and its new HD-PLM technology framework. The NX™ software enhancement allows information to be delivered visually and intuitively.
TCEB promotes top six trade events in Thailand

Publish on 6/28/2010 01:06:37 PM

The Thailand Convention and Exhibition Bureau (TCEB) recently showcased six industry sectors with the theme "Better the Best" to extend their international market reach at the Landmark Hotel in Bangkok. Known as "regional champions", these six top exhibitions - the International Gems & Jewellery Show, ProPak Asia, Bangkok International Gift & Houseware Fair (BIG+BIH), Metalex, Renewable Energy Asia, and VIV Asia -- brought Thailand to its fourth consecutive year as the leader of ASEAN's exhibitions.
Baosteel, Shanghai Toshiba launch joint laboratory

Publish on 6/28/2010 01:06:29 PM

Baosteel Co.Ltd and Shanghai Toshiba, an air conditioner compressor manufacturer, established a joint laboratory as the new cooperative platform of silicon steel development and application on airconditioner compressor. Baosteel currently occupies over 50% of silicon steel and 100% of pickled plate in Shanghai Toshiba.
Shagang Group acquires controlling stake in ST Zhang Copper

Publish on 6/28/2010 01:06:05 PM

Jiangsu-based copper pipe producer ST Zhang Copper announced that China's Securities Regulatory Commission has approved the application of Shagang Group, the largest private steel enterprise in China, also based in Jiangsu, to take a controlling stake in ST Zhang Copper. Accordingly, ST Zhang Copper will issue 1.178 million shares to Shagang Group to enable it to purchase a 63.79% stake, worth Rmb2.096 billion (US$306 million) in Huaigang Special Steel, which is currently owned by Shagang.
POSCO builds steel processing centre in Yantai

Publish on 6/28/2010 01:06:49 PM

Korean steelmaker POSCO started the construction of POSCOCYPC, a new Chinese processing centre, in the Economy Technology Development Zone in Yantai, Shandong province. POSCO started to build up the new supply chain management (SCM) centre to secure a new sales hub for automobile sheets, as Shandong-based Chinese carmakers, located in Yantai and Jinan, are increasing production.
Kobe Steel and partners to produce automotive parts in China

Publish on 6/28/2010 01:06:59 PM

Kobe Steel Ltd and two Japanese trading companies will form a joint-venture manufacturing company in China to produce aluminium forgings for automotive suspensions. The estimated $26.8 million investment project is due to start production in August 2012 at Suzhou in Jiangsu province. The same partnership of Kobe Steel (60%), Mitsui & Co. Ltd (25%), and Toyota Tsusho Corp.
Valeo gains 100% of its electrical systems entity in Pune

Publish on 6/28/2010 11:06:58 AM

Valeo announced that it now owns 100% of the capital in its electrical systems manufacturing entity based in Pune, India, where it previously held a 66.7% stake and the N.K. Minda Group 33.3%. The company, which produces alternators and starters for passenger cars, will be named Valeo Engine and Electrical Systems India Private Ltd. This transaction is in line with Valeo's strategy to reinforce its presence in highgrowth emerging countries.



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