Mitsubishi Chemical to Build Polypropylene Plant in China
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Tokyo, June 6 (Jiji Press)--Japan's Mitsubishi Chemical Corp. said Wednesday it will construct a new polypropylene composite plant in China to provide the material to automakers in the southern part of the country.
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Caterpillar Inc.  on Thursday  signed a letter of intent with Chinese officials to promote the  development of the remanufacturing industry in China, where  Caterpillar has such operations.
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Visteon Corp. said Tuesday it is expanding in China with two new plants that will support the explosive automotive market in Asia and position the Dearborn company as a leading supplier of climate controls in the region.
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Pavilion Technologies, a world leader in model-based software, today  announced an agreement with Shanghai SECCO Petrochemical Co. to deploy  Pavilion's Polymer Solution on six polymer  lines at the company's manufacturing facility  in the Shanghai Chemical Industrial Park.
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(InfoWorld) - Taiwan's largest DRAM maker, Powerchip Semiconductor, on Monday denied a local media report that it planned to build a chip factory in China with a Japanese partner. The Chinese-language Commercial Times newspaper said Powerchip had invited Japan's Renesas Technology to jointly invest in a chip factory in China. Renesas and Powerchip currently work together in technology and chip production outsourcing pacts. Powerchip said it isn't making any China plans right now because it's too busy. "This is just a rumor, nothing has been done yet," said Eric Tang, a vice president at Powerchip. Powerchip has alreadyÂ gained approval from the Taiwan governmentÂ to invest in China, but one of the rules requires it to move used equipment from an old factory in Taiwan to its new China plant, instead of buying new machinery. The trouble is that orders at Powerchip are too brisk to consider such a move, Tang said. The company's older chip plant, called an 8-inch plant due to the size of the silicon wafers used to make chips on, is still making money in Taiwan so there's no need to move it to China right now, he said. Powerchip may buy used equipment from elsewhere and move it to China instead of using gear from its own 8-inch plant, he said. The company has no plans to move forward on the project in the near term. Taiwan and China remain enemies after splitting in 1949 amid civil war, the reason Taipei carefully regulates high tech investments to the mainland. Despite their strained relationship, China remains the favored destination for Taiwanese investment due to their shared language and culture, as well as China's lower costs and incentives for building factories.
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Scandal-hit Japanese automaker Mitsubishi Motors is in talks with PSA Peugeot Citroen Group of France over a comprehensive alliance that includes a capital tie-up, a report said.
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TOKYO Toyota Motor, the world&#39;s largest producer of gasoline-electric vehicles, said Wednesday that it would assemble its hybrid cars in China in response to Beijing&#39;s effort to develop more fuel-efficient models.
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Toyota Motor Corp. will start building its Prius hybrid sedans in China next year with FAW Group in a step it hopes will promote the vehicles as the global standard for fuel-efficient cars.
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MICRON Technology, the worldâs number two maker of computer memory chips, is planning to build its first plant in China by 2005.
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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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Japanese auto giant Toyota plans to invest around 100 billion yen (829 million dollars) building a new sports utility vehicle assembly plant in the United States, a newspaper said Tuesday.
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Toyota Motor and Chinese partner Guangzhou Automobile reportedly will invest 3.8 billion yuan ($US459 million) to build a new plant in China, with an annual production capacity of 100,000 vehicles.
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DuPont Co., the second largest U.S.  chemicals maker, said its strong double-digit revenue growth in  China would accelerate while it increased investment and  manpower in its fastest growing market.
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Honda Motor Co., the Japanese automaker, has plans to build an auto transmission plant in Tallapoosa, Ga., and expand existing plants in Alabama and Ohio as part of a $270 million investment plan that will create 600 jobs in the three states.
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Japan's Mitsubishi Motors Corp announced  a long-awaited deal with the Russian government on Friday that  would grant it financial incentives to assemble cars locally.
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By Zheng Lifei  SHANGHAI: BASF, one of the world's largest chemical companies, inaugurated a multi million-dollar polyurethane production complex in Shanghai yesterday, as the chemical giant tries to tap growing Chinese demand for the product.
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Japan&#39;s top automaker Toyota Motor Corp. will begin making its ecological hybrid model in China by the end of 2005, the first overseas assembly for the company&#39;s Prius vehicle.