Heavy Machinery & Vehicles
Iseki & Co., Ltd:To set up a wholly owned sale unit named Iseki (Thailand) in Thailand, in September.
CNHTC Jinan Truck Co., Ltd:Established a wholly owned electronic commerce subsidiary in Jinan.New subsidiary to be engaged in procurement, sale and wholesale of auto parts, purchase, sale and service of commercial vehicle.
Autech Corporation:To invest 15,520,176,000 won to set up a new subsidiary in South Korea, with a unit of United Technologies Corporation.New entity will be engaged in the manufacturing of parking facilities.The new entity will be capitalized at 1 billion won.Expects transaction settlement date of March 29.Says company to hold 80.1 percent stake in the subsidiary.
CNHTC Jinan Truck Co., Ltd:Says to set up a wholly owned electronic commerce subsidiary in Jinan.New subsidiary with registered capital of 20 mln yuan and to be engaged in procurement, sale and wholesale of auto parts, purchase, sale and service of commercial vehicle.
Changlin Co Ltd:Says to establish a unit based in Jiangsu with registered capital of 100 million yuan.Says the unit will be engaged in heavy industry business.
XCMG Construction Machinery Co Ltd:To set up a wholly owned fire-fighting equipment unit with registered capital of 200 million yuan.
NPK OVK PAO:Launches a new transport mechanical engineering plant TikhvinChemMash for the production of tank cars.The production capacity of the plant is up to 3,600 cars per annum.On the basis of production of TikhvinChemMash it intends to manufacture more than 15 models and modifications of tank cars with increased load capacity.The tank cars are intended for transportation of all nomenclature of chemical products (sulfuric acid, methanol, ammonia, caustic, etc.).The construction of TikhvinChemMash obtained the backing of the Ministry of Economic Development and the Industry Development Fund, the State guarantee of the Ministry of Finance.
Hubei Guochuang Hi-tech Material Co Ltd:Established a new wholly owned Wuhan-based highway engineering test subsidiary on Nov. 12, with registered capital of 30 mln yuan.