"China" tag

ChemChina acquires KraussMaffei for $1 Billion

China National Chemical Corporation acquired German plastic and rubber machinery manufacturer KraussMaffei Group for $1.01 billion: the largest Chinese outbound investment into Germany is expected to close in the first half of 2016….

Chinese smelters slash refined copper output

Top Chinese copper producers just reached an agreement to cut refined copper production within the end of 2016. In addition, the producers urged the state planner, the National Development and Reform Commission (NDRC), to buy surplus…

New China plant for voestalpine AG

Following its strategy of internationalization voestalpine AG keeps opened a new plant in Shenyang (China) which will produce ultra-high strength body-in-white parts for premium automotive customers. A total of around EUR 25 million has been…

EU steel indusrty summit

European steel industry is calling on EU ministers meeting today to work on an emergency plan of action for the sector. “To avoid imminent, irreparable damage to the EU steel industry, policy makers need…

Steel associations’ statement on China’s treeatment as a non-market economy

  American Steel Manufacturers Association, together with steel associations of Mexico, Latin America, European countries, Brasil and the Committee on Pipe and Tube Imports released a joint statement regarding concerns about China’s attempt to…

The grow of chinese machine tools market

As reported by the latest report from Research and Markets, the machine tools market in China to grow at a CAGR of 6.50% during 2014-2019. The report, Machine Tools Market in China 2015-2019,…

Foreign robotics companies’ success in China

As the next generation of Chinese workers will look for better work outside of the manufacturing sector, robots will have to take on a bigger role in the assembly line. Many of those robots…

The Unilever China Foundry lands in Shanghai

On september 7th Unilever announced its Unilever China Foundry incubator. It’s the company’s first digital innovation promoting project landed in China, in partnership with the Shanghai Technology Entrepreneurship Foundation for Graduates (EFG) and engaging…

China’s steel output rose

In August China’s steel output rose, shrugging off government-ordered shutdowns and increasing concerns that excess production in the world’s biggest supplier is swelling a global glut, as Bloomberg.com reports. Output of crude steel…

Environmental standards for the Chinese market

Because of its air pollution, Chinese Government has initiated various measures designed to advance environmental protection. Many foundries are affected by the new regulations too – but not the customers of StrikoWestofen Asia (Taicang). This…

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