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China : Companies at a glance, Auto parts deal.


Byline: Mamta03

Beijing West Industries Group, a Chinese investment company led by State-owned steelmaker Shougang Group, said it bought US auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
  • Air filter
  • Automobile self starter
  • Bell housing
  • Brakes
  • Bucket seat
  • Bumper
  • Buzzer
  • Battery
 giant Delphi Corp's brake and suspension unit for about $100 million.

Delphi is reorganizing under bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties.  protection from creditors. The sale includes brakes and suspension businesses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Poland, France, Britain, Mexico and China that employ about 3,000 people, BeijingWest said.

"This purchase will allow BeijingWest Industries to enter the premium auto chassis market," Beijing West Chairman Fang Jianyi said in a statement.

Clean car development

Shanghai Automotive Industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide.  Corp (SAIC SAIC - http://saic.com. ) Group plans to invest 6 billion yuan ($879 million) to research and begin making alternative energy cars for the next two years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 group's chairman, Hu Maoyuan, said.

The investment includes 2 billion yuan to support the research and development of clean energy cars, 2 billion yuan to produce parts for new energy cars and 2 billion yuan to build manufacturing factories, Hu told an industry forum in Beijing last week.

He said SAIC plans to market a series of new energy cars that will use as much as 30 percent less fuel than traditional cars. By 2012, the company plans to manufacture cars that will use at least 50 percent less fuel, as well as electric cars.

China's automobile production reached 10 million units in October, making it the third country in the world to surpass the annual output mark, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

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3.
 the China Association of Automobile Manufacturers.

Nuclear equipment

China Guangdong Nuclear Power Group (CGN CGN Compagnie Générale de Navigation (sur le Lac Léman; French, cruise companie on Lake Geneva, Switzerland)
CGN Cancer Genetics Network
CGN Guided Missile Cruiser (Nuclear Propulsion)
CGN Cyber Gaming Network
) signed contracts with 30 private enterprises to purchase 1 billion yuan worth of nuclear power equipment, the company reported last week.

This is the first time that CGN, the only nuclear power enterprise in China, with 129.8 billion yuan in gross assets, purchased equipment from the domestic private sector, said Huang Yicai, manager of the CGN Zhejiang province nuclear power project.

All 30 companies that signed contracts with CGN are based in Zhejiang. Most of the nuclear power equipment in China is manufactured by State-owned enterprises, whose capacity has become inadequate with rapid development of the clean energy industry, Huang said.

Copyright : Euclid Infotech Pvt. Ltd.

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Publication:TendersInfo
Date:Nov 9, 2009
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