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  1. Chery to build 4.7b yuan factory in Dalian

    Posted Oct 02nd 2009, 12:00am by Kandy Wong

    ... Kandy Wong Anhui-based Chery Automobile, which makes the QQ economy car, will spend 4.7 billion yuan (HK$5.34 billion) on a new plant in Dalian, as the export-oriented carmaker makes sure it also has the capacity to meet strong domestic demand. It will be ...

  2. Chery raises 2.9b yuan from stake sales to build green cars

    Posted Jun 05th 2009, 12:00am by Kandy Wong, Martin Zhou

    ... Kandy Wong and Martin Zhou in Beijing Anhui's Chery Automobile, one of the mainland's top 10 carmakers, has sold stakes to local investors, raising 2.9 billion yuan (HK$3.29 billion) to develop alternative-energy vehicles and build new plants. The state-owned, unlisted company said Huarong Asset Management Corp had bought a stake. Company spokesman Jin Yibo told ...

  3. Guangzhou Auto wins aid to build own brand

    Posted Feb 04th 2009, 12:00am by Kandy Wong

    ... billion yuan in building its own brand of vehicles, which are likely to include a hybrid car and a sports car. 'Some vehicles will be made by co-operating with Italian carmaker Fiat,' ... venture said in 2007 it poured 2 billion yuan into developing its own brand of cars, which will be introduced in 2010. 'Guangzhou Auto will focus on building own-brand vehicles this year, ...

  4. Chery, Changan Auto in emerging-market push

    Posted Feb 24th 2009, 12:00am by Kandy Wong

    ... four years to build manufacturing plants, although the economic downturn is spreading to emerging markets. It has set up a joint venture with Argentina's Socma Group and plans to sell ... Mexico, would form an assembly venture to build as many as 50,000 vehicles a year, Bloomberg quoted spokesman Zhang Baojun as saying. Changan Auto will make Benben minicars and Zhixiang ...

  5. China Railway secures construction deals worth 8b yuan

    Posted Jul 30th 2008, 12:00am by Kandy Wong

    ... The cost is estimated at 4.25 per cent of the company's revenue last year. The other contract, worth 513.9 million yuan, is to build a 118km section of a highway in Ethiopia. The project ... such as property and overseas projects. Besides the electrification of the Beijing-Kowloon railway and the Ethiopia project, the company in February won contracts in Libya worth US$2.6 billion to build two ...

  6. Great Wall gives up Russian joint venture

    Posted Nov 18th 2008, 12:00am by Kandy Wong

    ... venture, Great Wall Alabuga Motor Open Joint Stock, planned to build a plant to make Great Wall Motor vehicles in 2005. 'But the long-awaited tax concessions by the Russian government ... Great Wall had planned to spend US$70 million to build the plant. 'We'll not build manufacturing plants in Russia any more,' Mr Bai said. 'But we'll look for Russian ...

  7. Rising product prices lift earnings outlook at cement maker CNBM

    Posted Aug 27th 2008, 12:00am by Kandy Wong

    ... Kandy Wong China National Building Material expects second-half profit to be boosted by rising cement prices after earnings more than doubled in the first six months amid surging demand. ... increased 169.63 per cent to 9.82 billion yuan. 'China National Building Material has enlarged production by acquisitions and cement producers are also benefiting from rebuilding ...

  8. Kowloon Development acquires two projects

    Posted Aug 17th 2009, 12:00am by Kandy Wong

    ... Sheun. The property located in North Point will be developed into a composite residential building. Construction of the project is expected to be finished before June 2011. The project ... end-2009.' Building blocks The firm intends to develop the North Point project for residential use The consideration for the project represents a discount of: 20.1% ...

  9. CNBM sets 10b yuan expansion budget

    Posted Apr 23rd 2009, 12:00am by Kandy Wong

    ... Kandy Wong China National Building Material, the second-largest cement maker on the mainland, said yesterday it would spend 10 billion yuan (HK$11.34 billion) this year on expansion ... and 70 per cent of revenue. The company is also engaged in lightweight building materials, glass fibre, composite material and engineering services businesses. Separately, shares in another ...

  10. Carmakers ready production cutbacks

    Posted Oct 28th 2008, 12:00am by Kandy Wong

    ... no announcements about staff cuts at Chrysler's offices in Asia. The company announced last week in the US it would reduce its white-collar staff by 25 per cent. Ford has reportedly stopped building its third production plant on the mainland. Ford China announced in April plans to build the plant in Chongqing in order to increase its production capacity by 100,000 units a year. However, ...




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