The Brazil unit of U.S. auto-parts giant ArvinMeritor has recently signed a contract with China’s Ma’anshan Iron & Steel Group (Ma Steel) for sourcing 150 tons of steel for making auto wheels. And Ma Steel may join hands with a Chinese auto-parts maker in developing steel wheels for global markets.
Tags: Auto, iron-steel, steel, Zhejiang
Liaoning Shuguang Automotive Group held a ground-breaking ceremony for a new SUV plant in the city of Dandong, Liaoning province earlier this week.
With a current annual production capacity of 60,000 Faster SUVs, the plant will be part of the automaker’s strategy to reach an annual capacity of 120,000 passenger vehicles eventually.
Tags: Auto, Liaoning, SUV
A source in China Netcom management has revealed that in the merger between China Netcom and China Unicom, Unicom will take a leading role. A source inside Unicom revealed that the company will keep the funds from the sale of its CDMA network and users for use in its future development, meaning that the company’s [...]
China Mobile Communications Corp. has launched the second phase of a tender for TD-SCDMA terminals, this time for 100,000 handsets and data cards.
The announcement comes as the Chinese government has finally unveiled its long-awaited plans to reorganize the country’s operators before issuing 3G licenses. (See China To Get 3G – At Last!)
Tags: 3G, China-Mobile, mobile, [...]
Taiwan-based Formosa Petrochemical Corp (FPC), Asia’s largest ethylene producer, plans to increase the prices of oil products from Thursday this week, in a bid to secure its earnings amid surging crude oil prices, according to local newspapers.
The private-owned company will raise the prices of gasoline and diesel oil by NTD 1.1 and NTD 1.3 per [...]
Nanya Technology Corp, Taiwan’s second-largest memory chip maker by revenue, is considering selling a stake in Inotera Memories Inc. to Micron Technology Inc., according to an executive with Nanya.
Inotera Menories is a joint dynamic random access memory (DRAM) manufacturing venture between Nanya Technology and Qimonda AG, a Germany-based supplier of semiconductor memory products. The two [...]
