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EBRD backs Russian oil-field services company’s Eurobond
2013-09-26 source http://www.ebrd.com
The EBRD, acting as an anchor investor, has taken 19 percent of a five-year USD 420 million bond issued by Borets International Limited, an existing client of the Bank and the leading Russian manufacturer of specialised pumps and systems used in wells for the artificial lifting of oil.The Bank’s USD 80 million participation in this bond is part of a broader financing package for Borets under whi
Siemens Investing in India
2013-09-26 source ownNew Delhi, Sept 26 : Siemens Ltd today stated they have established a worldwide engineering center ( GEC ) in Coimbatore, Tamil Nadu to support the firm’s oil and gas customers worldwide. “The GEC is going to support Siemens’ oil and gas clients worldwide and boost Siemens’ capability to deliver high-quality , end-to-end solutions across areas such as structural, civil, mechanical, electri
Brazil is going to invest US$2 billion in new aircraft
2013-09-26 source ownA new military cargo plane will almost certainly help to make Brazil a contender on the world stage of military plane makers . Brazil’s Embraer S .A ., an aircraft manufacturing company, is promising to manufacture a jet that flies higher, fuller as well as faster, although at a reduced price when compared with the US manufacturer Lockheed Martin Corp’s renowned Hercules airlifter. “I don’
ANDRITZ successfully starts up tissue machine for Ganzhou Hwagain Paper, China
2013-09-25 source own
International technology Group ANDRITZ has successfully completed start-up of the PrimeLine tissue machine with shoe press supplied to Ganzhou Hwagain Paper, China. “We were impressed by the start-up, it took only 15 minutes from starting up the stock pump to the first paper on the reel”, says Liang Hongwei, Chief Engineer at Ganzhou Hwagain Paper.According to Liang Hongwei, the proven ANDRITZ
ABB to provide power and automation solution for water facility in Southern Africa
2013-09-25 source http://www.abb.com
New water pipeline and pump infrastructure to support economic growth in eastern Botswana.ABB, the leading power and automation technology group, has won an order to provide an instrumentation, control system and electrical equipment (ICE) package for a new water pipeline and pump station to be constructed in eastern Botswana to support growing demand driven by new mining ventures, power sector de
Survey of the FDI climate in Russia
2013-09-25 source own
Russia continues to be a massive draw for investments from across the world, Russia is now ranked the sixth-most desirable country in the world for Foreign direct investment (FDI) and the most attractive in the Commonwealth of Independent States (CIS) Some of the key aspects that attract investors are Russia is: • A huge consumer market • Rising disposable income• Growing middle class• Che
Gazprom signs a deal to sponsor FIFA until 2018 World Cup
2013-09-16 source ownSOCHI — Gazprom agreed upon a deal on Saturday the 14th of September to sponsor FIFA for a four-year period, which includes the time when Russia hosts the World Cup in 2018. With President Vladimir Putin attending the signing ceremony in the 2018 World Cup host city and 2014 Winter Olympic games destination Sochi, FIFA chief Sepp Blatter and Gazprom CEO Alexei Miller put pen to paper on the agre
Brics Reserve Fund close to be concluded at the G20
2013-09-06 source own
Leaders of the Brics group of countries - Brazil, Russia, India, China and South Africa - have stated they are going to put in place a $100bn ( £65bn ) fund to safeguard against financial shocks. Brics leaders are in Russia to participate in the G20 summit in St Petersburg.The shift comes because emerging economies throughout the world are affected by the belief that the US will reduce its key ec
Construction growth rate at 6.4% in Russia
2013-09-05 source ownIn Russia, 29.8 million m2 of new housing, or 360 ,400 units, were commissioned between January-July 2013. Which is a 6 4% growth rate on the exact same period a year ago, in accordance with the statistics supplied by the Federal Statistics Service ( Rosstat ). The information for the 1st 5 months of 2013 were consistently higher than 12 months earlier , with only June and July demonstrating an an
Swiss and South African trade Partnerships developing
2013-09-04 source own
September 4th 2013: Switzerlands Federal Councillor for Economic Affairs, Education and Research Johann Schneider-Ammann is going to lead a mission to South Africa this week intended for developing partnership between the 2 nations in economic affairs, science, research and innovation. The Swiss foreign ministry stated on Monday that Schneider-Ammann, will be spearheading a delegation of Swiss sci
Healthcare spending in China expected to reach $1 Trillion by 2020
2013-09-04 source own
Healthcare expenditure in China will possibly increase by 3 times to be worth to $1 trillion each year by 2020 based on an ageing population and government endeavors to widen medical insurance coverage, according to a recent report by McKinsey & Co. China will commit more spending on drugs, medical devices and hospital medical treatments whilst it boosts overall expenditure to 7% of gross dome
ABB wins $38 million power orders to boost electricity supply in southern India
2013-09-03 source http://www.abb.com
Power plant and substation solutions to facilitate energy efficiency and grid reliability.ABB, the leading power and automation technology group, has won orders worth around $38 million for a new 1,320 megawatt (MW) coal-fired power plant, which is under construction in the southern Indian state of Andhra Pradesh. The orders were placed by NCC Ltd, the engineering, procurement and construction (EP
Brazil’s economy much better than expected, India’s economy weaker
2013-09-03 source ownBrazil's overall economy expanded by 3.3% year-on-year in the 2nd quarter , as outlined by official latest government statistics .The Instituto Brasileiro de Geografia e Estatistica ( IBGE ) additionally revealed that the economy improved by 1 .5% in the quarter from the previous one .That figure was above economists' forecasts of 0 .9% .Finance Minister Guido Mantega earlier this month lowered 20
Improved manufacturing activities in China; best for 16 months
2013-09-03 source ownChina's manufacturing activity increased its growth rate in August, reaching a 16-month high, allaying anxieties of a distinctive downturn in its overall economy. The official Purchasing Managers' Index (PMI) increased to 51 from 50.3 in July.The PMI is an important measure of the sector's well-being as well as a gauge of the overall economy, a reading above 50 denotes an expansion in manufacturin
EBRD invests in Russian IT outsourcing provider MAYKOR
2013-08-30 source ownJoint investment with the Russian Direct Investment Fund and CapMan Russia II Fund The EBRD has joined forces with the Russian Direct Investment Fund (RDIF) and the CapMan Russia II Fund, a private equity fund in which the Bank is an investor, to support MAYKOR, the leading Russian IT outsourcing and service provider. The three partners will invest up to USD 100 million in a series of
India is the USA's 13th Largest Trade Partner
2013-08-30 source own
India is one of the fastest growing trading partners for the US and is now in 13th position. This is according to the US Ambassador to India Madam Nancy J Powel. In a recent statement, she said that India has improved the rankings from 25th position in one decade. This was announced as she addressed the Indo-American Chamber of Commerce members in Puducherry. She was optimistic that the
Russia's forestry industry primed for Investment
2013-08-22 source own
Russia is going to invest 380 billion rubles ( $13 billion US$ ) to support preference projects in the country’s forestry industry to help make the industry more appealing for investors to invest in this sector so therefore helping heal longstanding challenges that have been normal across this industry in Russia, President Vladimir Putin stated in a recent address.“We will make the forestry in
Garbage Management is a problem in Russia
2013-08-21 source own
Garbage management in Russia has gone out of control and it will need more than urgent attention to control the situation, which now is at the level of a disaster. The legal landfills have been filled beyond their capacity, making the garbage collectors to opt to start illegal dumps. A processing industry is the only feasible solution to this menace.Mr. Sergey Donskoy who is the Minister of Natura
ANDRITZ to supply two tissue machines with steel Yankees to Zhejiang Jingxing Paper, China
2013-08-20 source http://www.andritz.comInternational technology Group ANDRITZ has received an order from Zhejiang Jingxing Paper, China, to supply two tissue machines with steel Yankees to its location in Pinghu city, Zhejiang Province, for the production of high-quality facial and toilet paper. Start-up of the machines is scheduled for end of 2014 and mid-2015 respectively.Zhejiang Jingxing Paper is one of Asia’s largest linerboard
Opportunities for Mining Technology Manufacturers in Brazil
2013-08-19 source own
With emerging markets and technological inventions, many opportunities are being created in various sectors, a trend that is grabbing huge investor attention. One industry that is growing at a high rate is the mining industry, where advancement in technology has enabled the production of various machines that make the mining activities easier and faster.One country though has caught global attenti
Cargotec secures an order to deliver 13 Kalmar forklift trucks to Brazil
2013-08-12 source http://www.cargotec.com
Cargotec has secured an order from one of Brazil's leading logistics operations to deliver 13 Kalmar forklift trucks. Purchased by Vix Logistica S.A, the nine DCF300 and four DCF420 models are scheduled for delivery in September. They will be employed in a range of materials handling roles across the nationwide Vix Logistics network. The order follows a further three Kalmar DCF450-12 lift trucks d
ABB to supply propulsion transformers to leading Chinese shipbuilder
2013-08-12 source http://www.abb.com
Reliable, efficient and compact ABB dry-type transformers for low-emission electric propulsion.Zurich, Switzerland, Aug.7, 2013 - ABB, a global leader in power and automation technology has been selected by Fujian Mawei Shipbuilding Ltd. in China, to supply 24 dry-type propulsion transformers, for installation in 12 diesel-electric powered offshore platform supply vessels.The 2,300-kilovolt ampere
Latest data shows China slowdown ends
2013-08-11 source ownLatest economic figures just released point to China’s economy stabilizing. Factory output increased by 9.7% compared with a year ago and up by 0.8% from Junes figure of 8.9% . July’s consumer price index rose to a similar rate as June’s by 2.7%. In recent months China’s growth rate had been slowing with the first quarter of 2013 growth rate at 7.5% down from 7.7% for the same period in 20
New competence center of ANDRITZ Biax in Foshan, China
2013-07-31 source http://www.andritz.com
International technology Group ANDRITZ has opened a new competence center for the manufacture of plastic film production equipment in Foshan, Guangdong Province, China, and hosted a customer day to accompany this event.Mr. Gernot Czerny, Vice President of ANDRITZ Biax, welcomed 170 participants from over 70 companies. Experts from ANDRITZ Biax provided information on the latest developments to imp
Sulzer Pumps Expands its Sales and Service Center in South Africa
2013-07-31 source http://www.sulzer.com
Sulzer Pumps has expanded its sales and service center and relocated to a new premise in Durban, South Africa. The new location is a larger facility that houses service, sales and project management to meet customer needs in the regions of Southern, Central and Eastern Africa. It works with the cooperation of the already established Sulzer Pumps service center network within the region.Serving cus
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