Two firms ink deal on refractory material supply
Publish on 4/17/2009 11:04:11 AMChina Gengsheng Minerals Inc., a materials technology firm that promotes products that can withstand high temperature, reduce power use and increase productivity in industries like steel and oil, has signed a refractory material supply deal with Jiangsu Sha Steel Group Co. Ltd''s Zhangjiagang-based subsidiary. The contract''s to talvalue is pegged at $1.2 million.
Toyota to employ Korean steel in local production
Publish on 4/17/2009 11:04:13 AMToyota Motor Corp. will soon be incorporating steel from South Korea in its local automobile manufacturing for the first time as deteriorating profit stability hints the firm to look for ways to reduce costs, according to reports. Toyota, as it anticipates its first operating slump in the company''s history, will import steel from Posco, South Korea''s largest steelmaker.
Initiatives to support China dwindling metal sector
Publish on 4/17/2009 11:04:58 AMBacked by the State Council, China''s metals sector stimulus plan seeks to respond to the industry''s major issues like inefficient, low-tech polluting operators; very expensive inputs like electricity; high export barriers; and lack of demand from metal users, from steel and aluminium to copper. As useful pieces of the plan show some measures may stretch high prices and inadvertently provide an advantage to metal products abroad.
Delcam builds a new office in Singapore
Publish on 4/17/2009 11:04:42 AMCAM software specialist Delcam has created a new department of its services group in Singapore, after the company''s success in Europe. Although Delcam''s software has been known throughout Asia for more than two decades, the Singapore location will be the first home ground in the region for its Professional Services Group. Similar to the available team, the new office will be responsible for process development and prototyping services in line with Delcam''s CAD / CAM software offerings.
Tessenderlo, Gulf Technologies create JV in Bahrain
Publish on 4/17/2009 11:04:17 AMMPR Services Inc. (MPR) has established MPR Services Middle East WLL (MME), a joint venture (JV) between Gulf Technologies Holding Company WLL and Tessenderlo NL Holding BV, Breda, Netherlands. Situated in Bahrain, MME will cater to the oil and gas industries in the GCC and Egypt and will be giving MPR''s amine re-claiming services in the region. MPR will monitor the management and operation of the reclaiming services provided by the JV.
Groundwork for $1.8B Saudi railway project set
Publish on 4/17/2009 11:04:31 AMSaudi Arabia has granted a SR6.79 billion ($1.8 billion) infrastructure contract to a consortium, along with a unit of China Railway Construction Corp. for building a railway system to the holy sites in the kingdom. The deal, which will involve ground and civil engineering works, is the first of the series of projects to be given for the 450km high-speed rail connecting the Red Sea port city of Jeddah to Mecca and Medina, which are Islam''s two holiest cities.
Exxon seeks a major role in Baghdad oilfields
Publish on 4/17/2009 11:04:13 AMExxon Mobil Corp. is in the process of discussing things with Baghdad in building an investment climate that will enable the company to be an essential player in Iraq''s energy sector, according to Exxon''s chief executive. "I am looking forward that Iraq can establish the good working conditions that will help a company like Exxon to be part of its endeavours in a significant way," chief executive Rex Tillerson said in a report.
Rio Tinto collaborates with Ma aden on-going projects