General Motors says China sales set new record; sales in first 9 months up 55 percentOctober 9th, 2009 General Motors says China sales set new recordBEIJING — General Motors Co. said Friday it set a sales record in China in September and total sales for the first nine months of the year rose 55 percent to nearly 1.3 million vehicles.
Murugappa group plans to double turnover in 5 yearsOctober 1st, 2009 CHENNAI - The Rs.15,600-crore diversified Murugappa group is planning major business expansion including acquisitions to more than double its turnover in five years, a top company official says. According to A.
Bombardier joint venture awarded $4 billion contract to supply high speed trains to ChinaSeptember 30th, 2009 Bombardier venture awarded Chinese contractTORONTO — Train maker Bombardier Inc. said Monday its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ministry.
Balmer Lawrie to set up lube plant in IndonesiaSeptember 24th, 2009 KOLKATA - The state-owned Balmer Lawrie, which has diversified business interests such as tea, industrial packaging and grease and lubes, plans to set up a $5-million lubricant and grease plant in Indonesia in a joint venture. Balmer Lawrie formed the joint venture with Imani Wicaksana of Indonesia for the project, which is likely to come up within a year.
General Motors China, China's FAW announce $293 million commercial vehicles joint ventureAugust 30th, 2009 GM China, China's FAW launch joint ventureSHANGHAI — General Motors China and state-owned automaker FAW Group Corp. have launched a 2 billion yuan ($293 million) joint venture to make light-duty trucks and vans, initially for the fast-growing Chinese market.
Fluor completes multibillion-dollar joint venture project in KuwaitAugust 27th, 2009 Fluor completes joint venture project in KuwaitIRVING, Texas — Fluor Corp. completed a multibillion-dollar project for a joint venture with Dow Chemical Co.
Lowe's to form joint venture with Woolworths in Australia to open home-improvement storesAugust 25th, 2009 Lowe's forms Woolworths Australia joint ventureMOORESVILLE, N.C. — Lowe's Cos.
URS venture to provide preconstruction work for New Orleans flood control projectAugust 19th, 2009 URS joint venture gets contract for levee projectSAN FRANCISCO — URS Corp. said Wednesday that a joint venture headed by the engineering and construction company received a contract to provide preconstruction services for the St.
Alibaba.com may launch joint venture in IndiaAugust 4th, 2009 WASHINGTON - China's top e-commerce company, Alibaba.com Ltd. is considering establishing a joint venture in India to provide business-to-business e-commerce services, the Wall Street Journal reported.
Fiat's Marchionne signs JV with Chinese automaker GAC to build cars starting in 2011July 6th, 2009 Fiat signs JV with China's GACROME — Fiat Group CEO Sergio Marchionne signed an agreement Monday with state-owned Guangzhou Automobile Group Co. to produce cars in a joint venture beginning in the second half of 2011 as Fiat seeks to expand its position in the growing Chinese market.
Murugappa group to invest Rs.586 crore this fiscalMay 5th, 2009 CHENNAI - The Rs.15,646-crore ($3.15-billion) Murugappa group will invest Rs.586 crore in its existing businesses this fiscal, said senior company officials here Tuesday. 'The investments will be towards completing the existing projects as well as setting up of new facilities,' said A.
Universal Cable, Furukawa Electric join handsApril 21st, 2009 KOLKATA - Power cable manufacturer Universal, an M.P. Birla group company, has signed a pact with the Japan-based Furukawa Electric for manufacturing and marketing optical fibre in India.
Avesthagen forms joint venture with Chilean firmMarch 21st, 2009 CHENNAI - Bangalore-based biotech company Avesthagen Ltd has signed a joint venture agreement with Uxmal SA of Chile to promote research and development (R&D) of bioactives, a top official said here Friday. The joint venture, Avesthagen Latam, will be funded through a mix of equity and a Chilean government grant, Avesthagen chairperson and managing director Villoo Morawala Patel said.
Joint venture for upgrading Nagpur airport approvedFebruary 10th, 2009 NEW DELHI - The government Wednesday approved a joint venture between the Airports Authority of India (AAI) and Maharashtra Airport Development Co (MADC) - promoted by the Maharashtra government - for developing the Nagpur airport as a multi-modal international passenger and cargo hub. The government in a statement said AAI, India's airports operator, would hold 49 percent while MADC will have a 51 percent equity in the joint venture.
Government okays setting up of railway locomotive factoriesFebruary 4th, 2009 NEW DELHI - The government Thursday approved a proposal to set up two greenfield electric and diesel locomotive factories in Bihar at an estimated investment of Rs.20 billion (Rs.2,000 crore). The factories will be set up in Madhepura and Saran districts as a joint venture between Indian Railways and an international manufacturer.
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