Major plantations group Kuala Lumpur Kepong Bhd (KLK) opened its US$70 million palm-oleochemical plant yesterday in Zhangjiagang port city as part of its business strategy to diversify into China. Taiko Palm-Oleo (Zhangjiagang) Co. Ltd. (TPO) has a production capacity of 150,000 tons. It is expected to boost KLKˉs position as one of the worldˉs biggest oleochemical manufacturers with total annual output of 650,000 tons by the year-end.
Construction equipment maker Caterpillar is to build a wheel-loader manufacturing plant in China's Jiangsu province.
The facility, wholly owned and operated by Caterpillar, would produce medium-size wheel-loaders, said Rich Lavin, vice president of operations for Caterpillar's Asia Pacific Division.
"This facility provide the primary manufacturing source for Caterpillar wheel-loaders in the Asia theater," said Lavin.
Major plantations group Kuala Lumpur Kepong Bhd (KLK) opened its US$70 million palm-oleochemical plant yesterday in Zhangjiagang port city as part of its business strategy to diversify into China. Taiko Palm-Oleo (Zhangjiagang) Co. Ltd. (TPO) has a production capacity of 150,000 tons. It is expected to boost KLKˉs position as one of the worldˉs biggest oleochemical manufacturers with total annual output of 650,000 tons by the year-end.
Construction equipment maker Caterpillar is to build a wheel-loader manufacturing plant in China's Jiangsu province.
The facility, wholly owned and operated by Caterpillar, would produce medium-size wheel-loaders, said Rich Lavin, vice president of operations for Caterpillar's Asia Pacific Division.
"This facility provide the primary manufacturing source for Caterpillar wheel-loaders in the Asia theater," said Lavin.
The world's biggest independent oil tanker group Frontline has ordered two new Suezmax tankers from China's Jiangsu Rongsheng Heavy Industries Group Co. Ltd. for an undisclosed sum, Frontline said on Monday.
"The vessels will be delivered in November 2008 and February 2009," Frontline Ltd. said in a statement.
Bombardier Inc., the world's third- largest commercial aircraft maker, said it gave a contract to China's Shenyang Aircraft Corp. to make parts for its Q400 planes, as it moves some production to low cost countries.
The companies signed an agreement covering fuselage sections at the Farnborough International Air show in the U.K. yesterday, according to a short statement posted on Montreal-based Bombardier's Web site, which didn't give any further details. Li Changsan, a spokesman for Shenyang Aircraft, a unit of China Aviation Industry Corp. I, declined to comment today.
Boeing will continue its investment in China in the next two decades to ensure its status as a major provider of commercial airplanes to China, the company's senior official said in an interview with Xinhua here on Monday.
In Boeing's 2006 Current Market Outlook released last Wednesday, the U.S. plane maker projects a need for approximately 27,200 new commercial airplanes worldwide, and the Asia-Pacific region is believed to be the largest market, Larry Dickenson, the senior vice president of sales for Boeing Commercial Airplanes told Xinhua at the Farnborough International Air show in southern England.
The country's biggest refiner China Petroleum & Chemical Corp (Sinopec) and German chemical giant BASF AG last week announced their agreement to expand a joint venture project in Nanjing, East China's Jiangsu Province.
