Heavy Industry & Manufacturing

Fushi International Enhances Board of Directors

Adds Three Independent Board Members NEW YORK, June 20 /Xinhua-PRNewswire/ -- Fushi International, Inc. (OTC Bulletin Board: FSIN) announced today that it has enhanced the composition of its Board of Directors with the appointment of three independent members, effective immediately. The new...

2007-06-20 12:35 804

Japan's Nitta Group Establishes Third Factory in Changzhou High-Tech Zone

CHANGZHOU, China, June 19 /Xinhua-PRNewswire/ -- Changzhou National Hi-Tech District (CND) announced today that the Japanese-based Nitta Group has established its third enterprise in the Changzhou High-Tech Zone, in China's eastern province of Jiangsu. Working under the name Nitta Corporat...

2007-06-19 20:00 758

Sutor Technology Group Management Team Changes

CHANGSHU, China, June 19 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor") (OTC Bulletin Board: SUOT), a China-based manufacturer of steel finishing fabrication products, today announced its decision to reorganize the structure of management to further strengthen the co...

2007-06-19 20:00 729

Wemhoener of Germany Invests in Changzhou High-Tech Zone

CHANGZHOU, China, June 18 /Xinhua-PRNewswire/ -- Wemhoener (Changzhou) Machinery Manufacturing Co. Ltd. held a landing and opening ceremony in the Changzhou National High-Tech Zone, Jiangsu Province on June 8. The initial total investment in the company is USD6 million and its registered ca...

2007-06-18 20:00 601

General Steel Holdings, Inc. Successfully Completes Test Production Period at its Joint Venture Site in Inner Mongolia, China

BEIJING, June 18 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. (OTC Bulletin Board: GSHO), China's first U.S. publicly traded steel company, announced today it has successfully completed the test production period at its recently established Baotou Steel - General Steel Special...

2007-06-18 21:00 802

Element Six Announces the Acquisition of Barat Carbide GmbH

LUXEMBOURG, BAD HOMBURG and BURGHAUN, Germany, June 15 /Xinhua-PRNewswire/ -- Element Six today announced that it has reached an agreement with German private equity investor Equita to acquire Barat Carbide Holding GmbH for an undisclosed sum. The acquisition, subject to regulatory approval, ...

2007-06-15 22:17 798

Chang-On International Inc. Enters into a Sales Contract with Local Developer; Will Generate a Total USD 310,000 in Sales Income

HARBIN, China, June 16 /Xinhua-PRNewswire/ -- Chang-On International Inc. (OTC Bulletin Board: CAON) ("CAON" or "the company"), a company engaged in the business of waste recycling and reutilization, announces that the company had entered into a sales contract with Harbin Xin Yang City Const...

2007-06-16 04:00 683

China Minerals Technologies, Inc. (Formerly Point Acquisition Corporation) Announces Name Change

GONGYI, China, June 13 /Xinhua-PRNewswire-FirstCall/ -- Point Acquisition Corporation ("Point Acquisition") (OTC Bulletin Board: PAQN) announces its official name change to China Minerals Technologies, Inc. ("CMT"). The company also changed its ticker symbol to OTC Bulletin Board: CMIT (from O...

2007-06-13 21:36 575

Stora Enso's Closed Period Changed

HELSINKI, June 4 /Xinhua-PRNewswire/ -- Stora Enso has changed the duration of its closed period. From now on, the closed period will start immediately after a reporting period ends and last until the results are announced. Stora Enso will therefore not comment or meet capital market represent...

2007-06-04 15:20 802

Cindy Lu Appointed Chief Financial Officer of Fuwei Films

BEIJING, June 1 /Xinhua-PRNewswire-FirstCall/ -- Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) announced that effective June 1, 2007 Ms. Cindy Lu has been promoted to Chief Financial Officer and appointed to the Board of Directors. Ms. Lu will be replacing Lin Tang who is leaving the Company...

2007-06-01 21:00 891

Xinhua Far East Changes the Rating Outlook of Chongqing Steel to Stable

HONG KONG, May 30 /Xinhua-PRNewswire/ -- Xinhua Far East China Ratings today changed the rating outlook for Chongqing Iron & Steel Co Ltd ("Chongqing Steel" or "the Company", SH A 601005, HK 1053) from negative to stable. Its domestic currency issuer credit rating remains unchanged at BBB. ...

2007-05-30 16:34 1045

Harbin Electric Commences Shipments of Customized Motors to North American Auto Supplier

HARBIN, China, May 30 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric, Inc. (Nasdaq: HRBN) a developer and manufacturer of customized linear motors and other special electric motors, today announced that subsequent to being selected as an approved supplier to a large diversified automotive OE...

2007-05-30 20:30 801

General Steel Holdings, Inc. Agrees to Acquire Remaining 30% Outstanding Shares of It's Subsidiary, Tianjin Daqiuzhuang Metal Sheet Co., Ltd.

Acquisition to be Accretive to Earnings BEIJING, China, May 24 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. ("General Steel", or "GSHO") (OTC Bulletin Board: GSHO), China's first US publicly traded steel manufacturer, filed on May 22 a current report on Form 8-K announcing ...

2007-05-24 21:00 760

Sutor Technology Group's New PPGI Utilizing Solar Energy Achieves Monthly Sales of 3,000 Metric Tons

CHANGSHU, China, May 23 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor") (OTC Bulletin Board: SUOT), today announced that it has achieved monthly sales volume of 3,000 metric tons for it's new PPGI (also known as prepainted galvanized steel plate) utilizing solar energ...

2007-05-23 20:00 757

Sutor Technology Wins 10,000 Tons Galvanized Steel Supply Contract Through an Open Bidding

CHANGSHU, China, May 23 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor") (OTC Bulletin Board: SUOT), a China-based manufacturer of steel finishing fabrication products, today announced that it entered into a 10,000 tons hot-dip galvanized steel supply contract with Anh...

2007-05-23 20:00 813

Sutor Technology Announces Revenues of $71.3 Million and Net Income of $4.4 Million For The Third Quarter of 2007

DONGBANG TOWN, China, May 22 /Xinhua-PRNewswire-FirstCall/ -– Sutor Technology Group Limited (OTC Bulletin Board: SUOT) (“Sutor”) today announced financial results for the third quarter of the Company’s 2007 fiscal year, ended March 31, 2007. Year to year comparison For the three m...

2007-05-22 20:00 888

China Agritech, Inc. Announces First Quarter 2007 Results

* Revenue increases 52% to $8.6 million * Net income increases 86% to $1.9 million BEIJING, China, May 18 /Xinhua-PRNewswire-FirstCall/ -- China Agritech, Inc. (OTC Bulletin Board: CAGC) ("China Agritech"), a leading manufacturer of liquid organic fertilizer in China, today annou...

2007-05-18 20:00 874

Leading Developer Selects Otis for Largest Mall in Bahrain

FARMINGTON, Conn., May 22 /Xinhua-PRNewswire/ -- Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), was selected to provide 113 elevators, escalators and moving walkways for Bahrain City Centre, the kingdom's first leisure and shopping destination and its largest mall. ...

2007-05-22 19:00 742

Harbin Electric to Present at Susquehanna Financial Group's Global Opportunities Conference

HARBIN, China, May 16 /Xinhua-PRNewswire/ -- Harbin Electric, Inc. (Nasdaq: HRBN), a developer and manufacturer of customized linear motors and other special electric motors, today announced that management will present at the Susquehanna Financial Group Global Opportunities Conference at the ...

2007-05-17 02:00 730

China Precision Steel Announces Third Quarter Fiscal 2007 Results

SHANGHAI, China, May 15 /Xinhua-PRNewswire/ -- China Precision Steel (Nasdaq: CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, announced today its third quarter results for the period ending March 31, 2007...

2007-05-15 18:33 669