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STEICO Resolves to expand capacity for laminated veneer lumber

Monday, 22 Aug 2016 11:26am EDT

STEICO SE : Resolves to expand capacity for laminated veneer lumber . Total capital expenditure of around 45 million euros ($50.94 million) forecast . Capacity to double to around 160,000 cbm per year . Completion scheduled for mid-2018 . Equipment technology will be supplied by Finnish equipment builder Raute Corporation . Order for equipment technology totals around 17.5 million euros .Total investment will be around 15 million euros lower than cost of first production line, which will boost future profitability.

Shandong Longquan Pipeline Engineering plans branch in Xinjiang

Thursday, 18 Aug 2016 12:53am EDT

Shandong Longquan Pipeline Engineering Co Ltd <002671.SZ> :Says it plans to launch a Xinjiang-based branch.

China Fangda Group to set up investment unit

Wednesday, 3 Aug 2016 11:29pm EDT

China Fangda Group Co Ltd <000055.SZ>:Says it to invest 100 million yuan to set up a wholly owned subsidiary in Shenzhen, for equity investment, industrial investment, investment management, asset management, investment advisory services.

Kennede Electronics MFG to use HK$10 mln to set up unit in HK

Thursday, 14 Jul 2016 03:00am EDT

Kennede Electronics MFG Co Ltd <002723.SZ>: Says it will set up a new 100-percent-owned unit in Hong Kong, with investment of HK$10 million .Says the new unit will be engaged in R& D of product, sales and international trading.

Saint-Gobain's mortars division makes acquisitions

Monday, 11 Jul 2016 12:07pm EDT

Saint-Gobain : Weber has strengthened its presence in Slovenia through the acquisition of the activities of Demit, a company specializing in ETICS mortars based in Lasko . Weber has acquired the activities of Italcol, a mortars manufacturer based in Tirana .Weber Quarzolit, Saint-Gobain's mortars division in Brazil, has strengthened its presence in the country thanks to the acquisition of Jaspe Argamassas Ltda.

Wuhu Conch Profiles and Science to set up material company with unit

Sunday, 10 Jul 2016 11:26pm EDT

Wuhu Conch Profiles and Science Co Ltd <000619.SZ>: Says it to set up a material company in Changchun with a Tangshan-based unit, for plastic material project .Says the new company with registered capital of 60 million yuan and the co to hold 60 percent stake and unit to hold 40 percent stake in it respectively.

Xinjiang Yilu Wanyuan Industrial Investment Holding to set up unit

Monday, 4 Jul 2016 03:22am EDT

Xinjiang Yilu Wanyuan Industrial Investment Holding <600145.SS> Co., Ltd: Says establishment of a wholly owned unit in Xinjiang, with a registered capital of 100 million yuan .The new subsidiary will be engaged in health industrial and modern agriculture related business.

CNlight sets up WINGSLAND TECHNOLOGY (USA),INC.

Monday, 4 Jul 2016 02:30am EDT

CNlight Co Ltd <002076.SZ>: Says it completed establishment of wholly owned unit WINGSLAND TECHNOLOGY (USA),INC. in U.S. .Says previous plan disclosed on Feb. 29.

Hankuk Carbon cancels contract signed with Hyundai Heavy Industries

Tuesday, 14 Jun 2016 03:22am EDT

Hankuk Carbon <017960.KS> Co.,Ltd: Says contract signed between the co and Hyundai Heavy Industries Co.,Ltd has been canceled by Hyundai Heavy Industries .Says cancellation amount of 31 billion won.

Shandong Longquan Pipeline Engineering completes establishment of branch in Jilin

Friday, 3 Jun 2016 05:29am EDT

Shandong Longquan Pipeline Engineering Co Ltd <002671.SZ> :Says it completes establishment of branch in Jilin province.

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