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Filtration company aiming to clean up

Business | Machinery manufacturing
2009-11-18

UNITED States-based Parker Hannifin, which specializes in motion and control technologies, began production at its filtration plant in Shanghai yesterday to ride on soaring demand resulting from the government's efforts...

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Hitachi to raise capital as losses mount

Business | Machinery manufacturing
2009-11-17

MIRED with losses, Japan's biggest electronics group by sales, Hitachi Ltd, is raising up to US$4.6 billion to cut debt as it seeks to turn around its sprawling businesses and invest in new growth drivers. The...

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China sees 28% gain in fiscal revenue

Business | Machinery manufacturing
2009-11-14

CHINA'S fiscal revenue for October reached 684.49 billion yuan (US$100 billion), up 28.4 percent compared to the same period last year, the Ministry of Finance announced yesterday. Of the total, the central government...

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HK posts slight rise in GDP in 3rd quarter

Business | Machinery manufacturing
2009-11-14

THE Hong Kong government announced yesterday that the city's economy improved further in the third quarter, with real gross domestic product growing 0.4 percent over the second quarter. The year-on-year fall in...

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Comcast, GE agree on JV valuation

Business | Machinery manufacturing
2009-11-10

GENERAL Electric Co and Comcast Corp have agreed on a valuation of around US$30 billion for a joint venture between NBC Universal and Comcast, ironing out what has been a key obstacle in talks so far, a source familiar...

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Firm sees mainland sales rise 40% in Q3

Business | Machinery manufacturing
2009-11-5

GERMANY'S Freudenberg Group said its China sales jumped nearly 40 percent in the third quarter, thanks to the Chinese government's stimulus package. Sales on the Chinese mainland jumped 36.9 percent in the third...

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Industry fair celebrates innovation

Business | Machinery manufacturing
2009-11-4

THE China International Industry Fair, opening yesterday in Shanghai, provided insights into the country's program to boost technological innovation and energy efficiency in an effort to pursue sustainable economic...

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American tool firms unite to gain strength

Business | Machinery manufacturing
2009-11-4

STANLEY Works tool company is buying rival Black & Decker Corp for US$4.5 billion, the two companies said on Monday. Stanley shareholders will own about 50.5 percent of the combined company, which will be the nation's...

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Fair showcases robotic future

Business | Machinery manufacturing
2009-11-3

A future where robots take on the mundane task of doing household chores and freeing humans to indulge in other pleasures may come true at the Shanghai 2010 World Expo's Urban Best Practices Area's eco-house showcase. ...

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Positive news on British economy

Business | Machinery manufacturing
2009-11-3

UNITED Kingdom manufacturers are optimistic about the recovery of the British economy, which is still mired in recession, according to a survey released yesterday. October's Purchasing Managers Index for the manufacturing...

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Samsung's Q3 earnings triple to record

Business | Machinery manufacturing
2009-10-31

SAMSUNG Electronics Co yesterday said third-quarter net profit tripled to a record amid higher prices for computer memory chips and increased sales of consumer products from flat screen televisions to mobile phones. ...

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No light at end of tunnel for Toshiba

Business | Machinery manufacturing
2009-10-31

TOSHIBA Corp eked out a small net profit in the July-September quarter on cost-cutting and higher sales of memory chips but is still forecasting a US$550-million loss for the full year. The Japanese conglomerate,...

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Manufacturing suffers in Singapore

Business | Machinery manufacturing
2009-10-27

SINGAPORE'S manufacturing fell in September, reversing two months of gains, as the city-state's recovery from recession sputtered. Industrial production fell 7.7 percent from a year earlier following a 12 percent...

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Autos and steel fuel fastest output growth

Business | Machinery manufacturing
2009-10-23

CHINA'S industrial output grew at the fastest pace in more than a year last month on strong auto and steel production. Industrial production surged 13.9 percent last month from a year earlier, after rising 12.3...

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Manufacturers' results to gauge economic state

Business | Machinery manufacturing
2009-10-19

THERE are signs that America's factories are stirring from one of the worst recessions in decades. Investors this week will find out how awake they really are. Big manufacturers such as Boeing, Caterpillar and...