Selected industry news

News articles

Chinese company will begin manufacturing high quality forged steel valves

China Valves Technology, Inc., a leading metal valve manufacturer, has developed the capability to manufacture high quality technology intensive forged steel valves for use in ultra supercritical thermal power generating units.

MarketWatch

Taiwan makers ally to develop all-electric models to stay competitive

Battling against low-priced China-made plastic injection molding machines, the makers in Taiwan are resorting to teamwork: seven manufacturers recently formed an alliance to step up efforts to develop four high-end, all-electric injection molding machines.

CENS.com

Taiwan: Machinery sector exports 10.9% more products in first five months

Taiwan exported USD 7.0615 bn of machinery in the first five months of 2008, representing a 10.9% year-on-year growth, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI).

CENS.com

Vietnam: Mechanical industry needs boost

Vietnam's mechanical industry needs investment from the State, according to the Viet Nam Association of Mechanical Industries (VAMI). The investment is needed if the industry is to start producing more complex machinery instead of making simple and low-value mechanical components. Today, the industry produces mainly steel structures, manufacturing machinery and tools, and equipment for the agriculture sector.

VietNamNet Bridge

Vietnam: City needs to invest in machinery

HCM City needs to invest more in new technologies to develop the machine tool industry. Though the industry supplies 70 per cent of the domestic demand for machinery and parts, most of its output is comprised of minor components manufactured on sub-contract for overseas firms.

Viet Nam News

China: Machinery makers set up shop in China

Machinery makers across the globe have set up manufacturing in China to grab a piece of the world’s fastest-growing economy. But European and US machinery manufacturers with Chinese operations have another big advantage over their purely domestic competitors: real-world relationships with Chinese suppliers. They can get lower-cost components for their machines built in places like Batavia, Ohio; Munich, Germany; or Bolton, Ontario.

PRW.com

Indian valve industry should upgrade technology to meet growing demand

In view of huge domestic investment programmes, the demand for valves by the key industry sectors such as  oil & gas, steel, shipbuilding, power plants  has increased to a great extent, providing  valves manufacturers tremendous business opportunities. At the same time, world-class companies from the processing industries are looking for sourcing various types of valves from India.

MACHINIST.IN

China, Russia pledge to expand trade of machinery, electronic products

Chinese Vice Premier Wu Yi and her Russian counterpart Alexander Zhukov have pledged to increase the trade of machinery and electronic products in a bid to further promote bilateral economic ties.

www.chinaview.cn

India: Alfa Laval India to play bigger role in global biz

Armed with increased manufacturing capacities and enhanced engineering capabilities, Alfa Laval India is hoping to gain a bigger piece of action in the global sourcing plans of its parent Alfa Laval, Sweden.

Business Standard

Malaysia: Genetec explores new markets with Doerfer

Machine design specialist Genetec Technology Bhd has teamed up with US automation player Doerfer Companies to bid for larger turnkey automated assembly lines in the automotive and pharmaceutical industries.

The Edge Daily

India: NRB Bearings ― driving global ambitions

NRB Bearings is one of the leading bearing manufactures in India and is a market leader in needle roller bearings and cylindrical roller bearings.

The Economic Times

Taiwan: Machinery output to hit NT$1 trillion by 2009

The machinery sector is expected to become the third manufacturing industry in Taiwan to generate an annual production value of at least NT$1 trillion, following the semiconductor and flat-screen monitor production sectors, according to Ministry of Economic Affairs (MOEA) officials.

The China Post

China: Machinery industry going like clappers

Output in China's machinery industry soared 32 percent year-on-year to 1.5 trillion yuan (US$196 billion) in the first quarter, according to the latest report from the National Development and Reform Commission.

Chinadaily.com

India: Centre for Advanced Manufacturing coming up in Baramati

Bharat Forge Limited, the flagship company of the USD 2.1 billion Kalyani Group and a leading global supplier of forged and machined components, laid the foundation stone for its new plant - Centre for Advanced Manufacturing, being set up at Baramati , on May 01, 2007. 

MACHINIST.IN

Intermachinery India Expo 2007 to be held from May 17-19

More than 180 Chinese manufacturers of hi-tech machinery and equipment are coming to India as a part of Intermachinery India to be held for the first time in India from 17th - 19th May at Mumbai. The exhibition shall facilitate contracting international engineering projects, exporting complete plants and equipment, importing and exporting mechanical and electrical products and engaging in external economic and technical co-operation.

moneycontrol.com

China to import over 500-billion-dollar machinery from Russia

Chinese enterprises will sign four contracts worth over 500 billion U.S. dollars to buy machinery and electric products from their Russian counterparts during a Chinese national exhibition in Moscow.

People's Daily Online

Taiwan's machinery exports up 17.2 percent in January

Taiwan exported US$1.2 billion worth of general machinery in January this year, representing a year-on-year growth of 17.2 percent, according to statistics compiled by the Taiwan Association of Machinery Industry (TAMI).

YNFX

China: Zhenhua Port Machinery to sell 200 million shares for expansion

Shanghai Zhenhua Port Machinery Co., the world's biggest maker of container cranes, plans to sell as many as 200 million new shares as part of plans to raise 3.5 billion yuan ($450 million) to fund expansion.

Blomberg.com

China: New trend in machinery imports and exports

In 2006, China's imports and exports of machinery and electronic products increased by 25.7 percent, 1.8 percentage points higher than the growth margin for the foreign trade of China, and accounted for 55.5 percent of China's total foreign trade.

ce.cn

China: Machinery industry posts first-ever trade surplus

In 2006, the machinery industry made a series of achievements: production and sales increased rapidly; and exports grew at an accelerated rate, resulting in a trade surplus for the first time.

ce.cn

2007-02-05

Russia: Machinery exports beat expectations

Russian machinery exports grew 20 percent, to $14 billion in 2006. The surprisingly favorable data is attributed to positive changes in the machinery industry on the whole and, in particular, to its consolidation in recent years.

Kommersant

Brazil: Machinery industry has optimistic forecasts for 2007

Businessmen in the sector believe that the exchange rate may change soon. The forecast is that the picture identified in 2006 should return to growth.

ANBA

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