Tag: china
LiuGong and ZF join forces to build Chinese axle
China’s premier construction equipment manufacturer, LiuGong has teamed up with ZF-Group for another joint venture called ZF Liuzhou Axle Co. HMS to supply pumps to China Nuclear Energy
Russian pump manufacturer, HMS Group has been awarded a $22.5M (USD) contract with China Nuclear Energy Industry Corporation on behalf of Jiangsu Nuclear Power Corporation to produce and deliver electrically motorized high/low pressure emergency injection pumps, spray water pumps and intermediate cooling water pumps for Jiangsu Tianwan Nuclear Power Plant located in China.
BASF plans SAP plants in Brazil and China
BASF will build a SAP plant in Camacari, Brazil with an annual capacity of 60,000mt. Production is expected to begin in late 2014. In China, BASF-YPC Company Limited, a 50-50 joint venture between BASF and Sinopec, intends to begin construction of a 60,000mt SAP plant at its Verbund site in Nanjing in mid 2012.
E United to build nickel iron alloy plant
E United Group will budget TWD 10 billion to build a nickel-iron alloy plant in Ningde of Fujian province in China.
POSCO now No. 2 stainless maker globally
POSCO is now the world’s No. 2 stainless steel producer, after expanding the capacity of its Chinese stainless steel JV. The company also intends to list the JV in Hong Kong or Shanghai after 2013. Zhangjiagang Pohang Stainless Steel (ZPSS) has completed construction on additional facilities
If you thought our industry was volatile…
then spare a thought for companies trying to buy rare earths!