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Somali pirates release British-flagged chemical tanker

NAIROBI, May 14 (Xinhua) -- Somali pirates have released a British chemical tanker which was hijacked in December last year with 26 crew aboard, the European Union naval force said on Friday. Naval Force spokesman John Harbour said St James Park and its 26 crew released on ...

Bigger tumble in profit at BYD

Net profit at BYD Co, a Shenzhen-based Chinese car maker invested by Warren Buffet, plunged by a bigger-than-expected 99 percent in the third quarter due to faltering sales. The company, otherwise known as Build Yourself Dreams, said that its net profit in the first quarter rose ...

Luxi chemical announced successful commissioning of its 100kt/y DMF Facility

p> PUWORLD(2010-5-13) Luxi Chemical s 100kt/y DMF facility launched a successful commissioning recently, people from this company told PUWORLD.com. In order to overcome the impact of financial crisis, Shandong Luxi Chemical invested Rmb 4.852 billion into 200kt/y organic silicon ...

Procter & Gamble launches sustainability scorecard

May 13-Consumer products giant Procter & Gamble has launched a sustainability scorecard to measure and improve the environmental performance of its key suppliers. Similar to the supplier scorecard introduced in 2007 by Wal-Mart Stores, the P&G model will assess P&G suppliers ...

Volvo may head West in China

A new Volvo plant will probably be established in the southwest China city of Chengdu, said Volvo Group executives Sunday at the on-going 11th Western China International Fair that runs from Oct. 22 to 26 in Chengdu. "The new plant will be set up after Chinese authorities approve ...

S. Korea confirms detection of explosive chemical in sunken warship

SEOUL, May 10 (Xinhua) -- The South Korean defense ministry said on Monday that it has confirmed the detection of an explosive chemical substance RDX, commonly used in producing torpedoes, from the stack of sunken naval warship "Cheonan" as well as sand collected from the seabed ...

Chinese calls for refocus of auto industry development

An official of one of China's top government think tanks called on Saturday for the readjustment of the nation's breakneck expansion of the auto industry as an explosion of new cars on China's roads aggravates problems with pollution and congestion. Liu Shijin, deputy director of ...

GM recalls nearly 100,000 crossovers

General Motors Co. is recalling 97, 843 crossover vehicles to fix seat belts that could fail in a crash, the National Highway Traffic Safety Administration said Friday. The recall includes 2011 model year versions of the Cadillac SRX, Chevrolet Equinox and GMC Terrain, the ...

SAIC raises US$1.5 bln via a placement

SAIC SAIC Motor Corp, China's largest auto group, Wednesday said it has raised 10 billion yuan (US$1.5 billion) through a private placement to fund development of self-branded and new-energy cars. Shanghai Automotive Industry Corp, the company's parent, has agreed to invest about ...

Leading Taiwan car makers set up JV in E. China

Two leading car makers across the Taiwan Strait established a joint venture Tuesday in east China's Zhejiang Province. Dongfeng Motor, a leading auto maker in the Chinese mainland, and Yulong Motor in Taiwan, have jointly invested 3.4 billion yuan (510 million U.S. dollars) to ...

3rd Methanol-DEM/LPG conference meets you Shanghai

Dimethyl Ether (DME), the once God s favoured one, now becomes somewhat miserable. The previously planned projects are still being under construction. And the situation of the unbalance between supply and demand keeps being intensified. What s more, there often happened the ...

New Ford plant

Ford Motor yesterday said it will begin building a new plant in Nanchang, capital of Jiangxi Province, next year. The plant will begin operations in 2013, Ford Asia-Pacific and Africa President Joe Hinrichs said at a meeting with Jiangxi Governor Wu Xinxiong. Ford hopes to boost ...

Gevo Gets $10M Investment From German Chemicals Company Lanxess

p> Colorado biofuel and biochemical company Gevo Inc. has received a $10 million investment from German chemicals manufacturer Lanxess AG. The deal, announced Wednesday by both companies, is part of a proposed venture to produce isobutene, a material needed in rubber manufacturin...

Ford to start building new plant in east China next year

Ford Motor said Monday it will begin construction on a new plant in Nanchang City, capital of east China's Jiangxi Province, next year. The plant will begin operations in 2013, Ford Asia-Pacific and Africa President Joe Hinrichs said at a meeting with Jiangxi Governor Wu Xinxiong...

China petchem players wary of Middle East competition CNCET

p> Massive petrochemical capacity additions in the Middle East have intensified competition for a slice of the Chinese market, and domestic producers are wary of losing their market share, a senior official at a Chinese think-tank said on Tuesday. Middle East producers have been ...

1 car per person plan mulled

To address national traffic congestion issues, the government should explore better road plan-ning and traffic management instead of mulling ways to curb an auto-buying spree, a top official with the China Association of Automobile Manufacturers (CAAM) said Thursday. "The ...

CNOOC and Shell s 950kt/y Ethylene Project Completed Successfully

p> PUWORLD(2010-05-24) CNOOC and Shell Petrochemicals had successfully completed its overhaul in 2010 as well as the expansion of 950kt/y ethylene project. And the newly-built facility would put into operation soon. After the expansion, annual output of ethylene would increase ...

China's auto sales propel 27%

China's auto sales powered ahead in November, racing 27 percent to 1.7 million vehicles as car buyers rushed to beat expected increases in license plate fees in some cities. The rebound after a slowdown during the summer pushed sales for the year to 16.4 million vehicles, up 34 ...

Eastman Increases Isophthalic Acid Prices on June 1

p> Eastman Chemical Company is increasing prices on the following products effective June 1, or as contracts allow. These increases are due to elevated operating costs, particularly in raw materials. Eastman Isophthalic Acid : Off-list price increase of $US 0.02 /lb ($US 0.05/kg) ...

China's auto sales expected to hit 18 mln units this year

China's auto sales are expected to reach 18 million units this year as sales in the first 11 months hit 16.4 million, figures released Thursday by the China Association of Automobile Manufacturers (CAAM) showed. The full-year sales projection by the CAAM Thursday has exceeded its ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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