Industry

Maruti Suzuki Sales Increase 14.74 percent at 109,743 Units

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India’s automobile major Maruti Suzuki, the Indian  clocked a 14.74 percent rise in its sales that measured at 109,743 vehicles in January as opposed to 95,649 units during the like period of 2010.

9,321 units of these sales are exports, Maruti Suzuki said in a statement.

Maruti Suzuki’s A2 compact cars such as Alto, Wagon-R, Estilo, Swift, A-Star and Ritz witnessed a rise in sales of 23.8  percent equalling 72,479 cars as opposed to the same period in 2010 that witnessed the selling of 58,540 units.

The A3 sedan type cars also witnessed parallel trends in growth. These cars include the SX4 and Dzire which rose 32.6 percent. These cars’ sales equalled 11,930 unitsopposed to 8,995 units in December 2010.

New Railway Development Plan Costing $106 Billion Spurs China CSR and CNR in Shanghai

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Chinese-trainDue to the government’s announcement that China will invest 700 Yuan ($106 Billion) in the railroads in 2011, the stocks of China’s two biggest train manufacturers, CSR Corp. and China CNR Corp., shot up in trading on the Shanghai market.

In China there is a trading limit that stocks can only go up by ten percent per day. China CNR reached its ten percent limit and CSR rose 9.8 percent after the Govenment announcement. According to Railway Minister Liu Zhijun, this investment decision is part of China’s plan to expand it railways from 91,000 Kilometers to 120,000 in 5 years. 1.68 billion passengers traveled on the railways in 2011 and freight transports rose to 3.63 billion tons which is 9.3 percent increase. Improving railways will also reduce air pollution and traffic.

In addition, a Shanghai-Beijing high-speed train line will be starting up in June of 2011 at a cost of 220.9 Billion Yuan.

Domestic Vietnamese Companies Invested $900 Million Overseas This Year

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VietnamOf pledged investments of approximately $2.93 billion by Vietnamese companies, approximately $900 million have been invested in projects overseas. In 2010, private and state owned companies have invested in 25 countries in 107 projects according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment reported that Vietnamese companies’ investments of $900 million was invested as follows: $700 million was invested in oil exploration and extraction projects, $53 million was invested in the retail trade, $70 million went into agriculture projects, $25 million was invested in energy, and $33 million was invested into telecommunications. Most of these investments have not brought any income into Vietnam because they are still in the beginning stages.

Hyundai Makes Rs400 Crore Investment In New Indian DieselEngine Plant

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HyundaiHyundai Motors has operated successfully in India and has solidified its operating procedures there over the past several years. During the next three years Hyundai will build a new diesel engine factory costing Rs400 crore. Recent feasibility research showed this to be an appropriate investment according to the CEO. Three different sized engines will be produced.

The new factory should be opened in 2013 or 2014. It will produce diesel engines for the Indian market. These engines will be in three sizes: 1.1 liters, 1.4 lit, and 1.6 lit. Hyundai’s Sales and Marketing Director said that this year Hyundai had to use all of its production to satisfy growing local demand. In previous years, Hyundai’s Indian division was able to produce enough cars for both the Indian and foreign markets.

One World Ventures, Inc.

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One-World-VenturesTutamen (HK) Ltd., the Chinese product development, consulting services and strategic management resource company has created the holding company, One World Ventures.

OWVI invests in a range of technologies and leverages its long experience in Asia to develop a company which crosses international boundaries. It bridges the gap between the US and China:
• 1WorldAuction is an online platform for the exchange of products and services. It enables individuals and businesses to avoid marketing costs.
• 1WorldCard offers a flexible debit card for global ATM and point of sale use. It is a inexpensive alternative to a bank account and is great for under-served markets.
• Vonsi Technology Inc. is a systems integrator. It supplies complete PBX, VOIP, IP and IP-based call center solutions.
• Inter Solar Tech, Ltd. markets renewable power generation products within the PRC and EU. It plans to expand to global operations and has successful experience in heat pipe, wind power and photovoltaic technologies.

1WorldAuction and 1WorldCard offer a unique, combined solution for e-commerce methods.

Korean Industrialists Awarded for innovation and management quality

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Hyundai Steel’s Woory Industrial Co. and KOMOS will receive the top award in the National Quality Management Award ceremony which will be held in Seoul this Tuesday.

Chief executives of Seoul Commtech Co. and Korea South East Power Corp. and will be awarded the esteemed Gold Tower Order of Industrial Service.

The National Quality Management Award is awarded to individuals and organizations who have made important contributions to promoting management quality. These awards are overseen by the Korean Standards Association and organized by the Ministry of Economic Knowledge which is the Korean Agency for Technology and Standards.

Woory Industrial and KOMOS manufacture automobile parts. The former specializes in sensors and parts related to temperature control equipment. KOMOS produces steering wheels and related equipment.

The data shows that the stock prices of the companies that have received the award between 2005 and 2009 have increased at a higher rate than the average for the benchmark KOSPI.

According to available data, award winners’ stocks rose 5.78 percent more than the KOSPI average during the half year following the award. The rate increased to 11.77 percent for the year after they received the award.

Korea South East Power Corp. chief executive Jang Do-soo and Mr. Oh Se-Young, chief executive of Seoul Commtech Co. will receive these rewards.

China will reduce the companies that it allows to recycle lead-acid batteries to produce refined lead.

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Battery-Recycling-BinIndustry sources estimate China will only permit about 20 battery recyclers to operate in the near future, as opposed to  the many hundreds of firms presently in operation. According to Cao Guoqing, vice general secretary of the China Battery Industry Association, “The government will do it for sure in the future.” He did not say when the regulations were likely to be implemented. These regulations attempt to improve environmental regulations in the battery industry, the main user of refined lead in China.

China is the world’s largest producer and user of refined lead. Cao estimated that by 2015, China’s production of lead-acid batteries will reach 240 million kilowatt hours, which is twice 2009 levels. China used 2.35 million tons of refined lead for lead-acid battery production in 2009. This used about 70 percent of china’s total refined lead consumption in 2009, he said.