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Wednesday, 06 August 2008 |
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Krypton Industries, India’s leading manufacturer of tyres, has entered Chinese market by setting up a 100% owned its first overseas subsidiary unit there. Under the subsidiary unit, the company will manufacture the same and similar products line as in India. For selling the products in China, Korea, and other nearby international markets, this subsidiary unit is located at SUZHOU industrial park, about 80 km, from Shanghai and near the city of SUZHOU. The commercial production of the unit will set in motion from Jul. 16, 2008. Krypton Industries engages in production of multi-cellular polyurethane tubeless cycle tires with technical knowhow obtained from PolyAir Tires of Canada. Shares of the Krypton Industries settled at Rs 25 on Bombay Stock Excahnge. The total volume of shares traded was 103. Source: Topnews India |
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Saturday, 12 July 2008 |
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Seiko Epson Corp.'s LCD panel production subsidiary, Epson Imaging Devices Corp., plans to begin mass production of touch panels at its plant in Suzhou, China, in the second half of fiscal 2008.
The move is in response to expansion of the market accompanying the growing popularity of car navigation systems and portable devices. The Suzhou plant produces a daily 1,700 inexpensive color STN (supertwisted nematic) substrates for emerging markets. It also assembles LCD panels and touch panels made at the Tottori plant. But even emerging markets are beginning to shift to high-value-added products, so the market for color STN substrates is shrinking. To offset this, the plant will switch to production of substrates for small and midsize touch panels. Because existing facilities can be used to manufacture the new devices, capital spending is expected to be held to around 200 million yen. Epson's electronic device business, which includes LCD panels, remained in the red in the year ended March 2008, posting a 17.1 billion yen (US$159 million) operating loss. For this reason, the firm is hurrying to restructure management resources, including scaling back production of color STN devices. |
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Tuesday, 08 July 2008 |
Amid the greatest wave of urban migration in history, a few standouts are emerging.
The common assumption about China's boom is that its impact, good and bad, is concentrated in the coastal cities where economic reforms first began 25 years ago. One thinks of Shenzhen's blossoming from a fishing village into an industrial metropolis of 7 million people with a business climate that builds great wealth, but also may foster corruption and degradation of the environment. That's what many of us at the World Bank would have assumed, too, until we began surveying 12,400 firms in 120 Chinese cities. While we are only beginning to analyze the data, a number of patterns quickly emerge. Among the most striking is the fact that there is no link between fast growth and the breeding of corruption or pollution.
In general, China's transition to a market economy appears to be both more advanced and somewhat less damaging than we thought. Only 8 percent of the firms in this random sample of manufacturing are majority state-owned. Though they control one third of the assets in the sample, this still suggests a larger private sector than previous estimates. The extent of the transition varies dramatically:, from 99 percent private firms in Wenzhou or Jiaxing on the southeast coast to 60 percent in Anshan in the old northeastern rust belt. But in the cities where the private sector flourishes, firms reported far less red tape--from faster times through Customs to fewer days dealing with bureaucracy and less frequent demands for bribes.
While corruption is inherently hard to measure, we get pretty good response rates on the question of whether firms have to pay bribes to get loans from commercial banks, which are still largely state-owned. In southeast cities such as Hangzhou or Xiamen, 1 to 2 percent of firms report paying bribes to gain loans; the figure is above 10 percent in more than 20 cities of the center and west. |
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Tuesday, 01 July 2008 |
China Banking Regulatory Commission (CBRC) has granted approval to Royal Bank of Scotland Group PLC and Legend Holdings Ltd, the parent of Lenovo Group, to buy stakes in Suzhou Trust Co, Caijing Magazine reported on its website. The Royal Bank of Scotland Group (RBS), one of the largest banking and insurance holding companies in the UK, are now ready to expand its corporate banking and wealth management services in China, sources reported.
Suzhou Trust, which operates in eastern China's Jiangsu province, had trust assets of 6.21 bln yuan at the end of 2007. It booked a net profit of 70.23 mln yuan in 2007, up from 37.93 mln a year earlier, according to its website.
The report added that trusts are attracting potential investors, with Merrill Lynch in talks with Western Trust & Investment and HSBC looking to buy a stake in Shanxi International Trust & Investment.
No further details were given.
Source: TradingMarkets |
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Friday, 27 June 2008 |
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TT electronics integrated manufacturing services today announced that its Suzhou, China site has qualified to ISO 13485:2003 for manufacturing printed circuit board assemblies, cable assemblies and integrated box builds for medical devices. It is the second TT electronics site to achieve this demanding standard, the other being its Ohio, USA site. TT electronics Suzhou managing director, John Molloy said, "Achieving this exceptionally rigorous qualification demonstrates the very high standards at our site. In addition to being a requirement for the medical market, ISO 13485 gives all our customers great confidence in the quality and integrity of our processes at Suzhou." The ISO13485 standard goes beyond ISO9001 requirements for issues associated with the production of products covered by demanding regulatory standards. These include the management promotion and awareness of regulatory requirements, controls in the work environment to ensure product safety, risk management during product development, specific inspection and traceability requirements, specific standards of documentation and process validation for sterile devices, and specific requirements for corrective and preventative actions. Molloy continued, "At Suzhou we offer the benefits of manufacturing in a low-cost economy to consistent high-quality standards. We offer customers the benefits of dealing with an account management team based in Western Europe or the USA, the financial stability of a major UK listed company and the flexibility to resource logistical and manufacturing solutions globally." The TT electronics manufacturing division of has five sites around the world: the USA, Malaysia, China and two in the UK.
Source: EMSNow Online |
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Friday, 27 June 2008 |
A pearl jewelry design competition called "Shining in Weitang" kicked off in the town of Weitang in Suzhou, in eastern China's Jiangsu Province on June 24, 2008.
It is held jointly by the Gems & Jewelry Trade Association of China and some related departments.
Among the 1,016 pieces received from competitors, there were 607 full-scale works, and 48 have won awards.
Source: People's Daily Online |
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Friday, 27 June 2008 |
The 2008 Electronics Manufacturing Exposition (eMEX Suzhou) China will run from October 16 to 19 in the International Expo Centre of Suzhou Industrial Park. At that time, the world's leading IT manufacturers, research agencies and buyers will gather in Suzhou. It is expected there will be more than 600 corporations in attendance, occupying more than 1,800 booths.
The Exposition is held by the Ministry of Commerce, the Ministry of Industry and Information Industry, the State Council's Taiwan Affairs Office and the Jiangsu Provincial People's Government. This is the Expo's seventh year running. During the exposition, there will be a number of professional science and technology forums and seminars such as the "Structural Upgrade and Competitiveness of the Chinese Electronics and Information Industry" and "IT Management and Application in Global Manufacturing Industries."
Source: People's Daily Online |
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Friday, 06 June 2008 |
 Donation 1 Mio. RMB
The earthquake on May 12th, 2008, in Sichuan Province was the worst in threedecades in China, with a death toll near 15,000 and leaving thousands of people homeless. After the earthquake, Oerlikon China immediately ensured the employee's safety at their offices in the affected areas in Chengdu, Sichuan Province and Hanzhong, Shanxi Province. To date, thankfully all Oerlikon employees are left unharmed.
On May 15th, Oerlikon China donated one million RMB to the China Red Cross inorder to provide immediate aid. Additionally, the company encouraged its 2,500employees in China to voluntarily donate cash, material and blood.
Mr. Wang Jun, Oerlikon China President, said: "It's our accountability to save lifeand give our aids to victims caused by Sichuan Earthquake. Donation of onemillion RMB is our first step to undertake responsibility; we will take further measures depending on the rescue status.
Oelikon China production plant in Suzhou donate additional 61000 RMB from the employee's in Suzhou.
"About OerlikonOerlikon (SWX: OERL) is one of the world's most successful high-tech industrial groups specializing in machine and plant engineering. The company is a leader in the field of industrial solutions and innovative technologies for textile manufacture, thin-film solar andthin-film coating, drive, precision and vacuum systems. With roots in Switzerland and a longtradition stretching back 100 years, Oerlikon is a global player with a workforce of morethan 19,000 at 170 locations in 35 different countries. Oerlikon entered China Market 40years ago. |
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Last Updated ( Friday, 06 June 2008 )
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Friday, 06 June 2008 |
Viking Plastics, PA, USA, and Poly-Cast, Inc., OR, USA, have partnered to co-own and operate Poly-Cast Plastics (Suzhou) Co., Ltd., an injection molding company based in Jiang Su, China, and originally established in 2006. The facility, equipped with state-of-the-art production capabilities and closed-loop process controls, currently supplies the automotive and transportation markets with tight-tolerance, custom-molded components. The new partnership enables both parties to better serve existing multinational customers and expand reach to Asian markets.
Poly-Cast Plastics, currently in operation and running production volumes, is planned to hold 20 injection molding machines with capacities ranging from 55 to 550t. At the outset, the company is producing tight tolerance, mechanical/under-the-hood applications (in medium to high volumes) for the automotive and transportation sectors.
Source: Kunststoffe International |
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Monday, 26 May 2008 |
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The Kempinski Hotel Suzhou is set amidst a large estate which encompasses a 27-hole Jinji Lake International Golf Course and a state guesthouse of five villas. The hotel is surrounded by the stunning scenery of Dushu and Jinji Lake, and is located 150 km from Shanghai’s Pudong International Airport and 90 km from Hongqiao Airport. Hirsch Bedner Associates was commissioned for the interior design of the hotel. The hotel features 381 rooms and 77 suites on 21 storeys, most of them overlooking either the lakes or the golf course. All rooms offer modern amenities and necessities for business travellers; wireless LAN is available throughout the property. The meetings and banqueting facilities include one of the largest grand ballrooms in Suzhou covering 1,850 m2 and catering for up to 1,600 guests, eight meeting rooms starting from 100 m2 in size, and a state-of-the-art business centre.
Extensive dining options include a large Chinese restaurant and an all-day dining restaurant with international cuisine. A Japanese specialty restaurant and a Paulaner Bräuhaus on two levels, serving traditional German meals and fine beers with live entertainment, will open in October. The stylish Panorama Cigar & Wine Bar invites one to unwind and enjoy the breath-taking views over Jinji Lake, and is also due to open in October.
The Health & Recreation Centre currently features a state-of-the-art gym, an exercise and aerobics room, a 50 m indoor swimming pool, and indoor tennis and squash courts. The extensive spa facilities set to open towards the end of 2008 will include jacuzzi, sauna and steam rooms, and a wide range of therapeutic spa treatments will be offered.
From 1 June to 31 August 2008, guests can enjoy a deluxe room for single or double occupancy, including breakfast, at a special opening rate of RMB 1288 + 15% per room, per night, subject to availability.
Source: AsiaTravelTips |
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