Japan Mazda to raise $1.1B, forecasts smaller loss as green car incentives boost demandOctober 5th, 2009 Mazda to raise $1.1 bln, forecasts smaller lossTOKYO — Japanese automaker Mazda now expects about half the red ink it previously forecast for the fiscal year, crediting a rise in demand from "green" car incentives, and said it will raise $1.1 billion to fund research and development. Mazda Motor Corp.
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.
Ford invests $490 million to build small car assembly plant in China to capture growing marketSeptember 24th, 2009 Ford to build new assembly plant in ChinaSHANGHAI — Ford Motor Co. said Friday it plans to spend $490 million on building a third assembly plant in China, ramping up production to meet surging demand in this fast-growing market as the U.S.
NALCO mulling setting up of nuclear power plantSeptember 13th, 2009 BHUBANESWAR - The state-owned National Aluminium Company (NALCO) is in talks with another public sector undertaking to set up a nuclear power plant in the country, an official said Sunday. The aluminium major is in talks with the Nuclear Power Corporation of India (NPCIL) to set up the plant for which the exact location is yet not finalised.
Mazda to issue $20 million in payments to dealers waiting for Cash for Clunkers reimbursementsAugust 24th, 2009 Mazda to advance dealers clunkers paymentsIRVINE, Calif. — Mazda North American Operations said Friday that it will issue $20 million in advance payments to its dealers to help tide them over until they receive reimbursements through the government's Cash for Clunkers program.
Jaiprakash Associates to set up cement plant in AssamJuly 31st, 2009 NEW DELHI - Infrastructure major Jaiprakash Associates Ltd Friday signed an agreement with Assam Mineral Development Corp (AMDC) for setting up a cement plant in the northeastern state. "The total cost for setting up this plant is estimated to be Rs.1,050 crore," the company said in statement.
Mazda plunges into the red in the first quarter as weak global economy batters demandJuly 30th, 2009 Mazda plunges into the red on battered demandTOKYO — Mazda Motor Corp. said Thursday slumping sales and a strong yen dragged it into the red last quarter, and projected a full-year loss as global auto demand continues to flag.
Ford says China sales up 14 percent in first half on strong passenger car demandJuly 6th, 2009 Ford says China sales up 14 percent in first halfBEIJING — Ford Motor Co. said its sales in China surged 14 percent in the first half of 2009, another positive sign for global automakers that are counting on China to drive revenues as they struggle in North America.
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.
Tamil Nadu wants more power from upcoming Tuticorin plantJune 22nd, 2009 CHENNAI - Energy-starved Tamil Nadu wants a higher share of power that will be generated by the joint venture it has set up with mining and power company Neyveli Lignite Corp (NLC). A similar demand had earlier been raised by Gujarat, where NLC proposes to set up a 1,000 MW plant at Valia, also in joint venture with that state's power board.
Piney Woods Pellets officially opens $10 million feedstock plant in MississippiJune 9th, 2009 Wood pellet producer opens Mississippi plantWIGGINS, Miss. — A $10 million wood pellet plant opened Monday in Stone County and company officials say the 12,000 square-foot facility will produce feedstock for alternative energy.
Germany's Mann-Hummel expanding India operationsJune 3rd, 2009 BANGALORE - German industrial equipment maker Mann-Hummel GmbH (M&H) is expanding its India operations to supply light weight filters to automobile and industrial manufacturers, a top official said here Wednesday. "As part of our expansion plans in India, we are setting up a second plant at Nalagarh in Himachal Pradesh to manufacture a range of filter systems using plastics for automotive and industrial applications," M&H board member Manfred Wolf told reporters.
Mazda sinks into the red for fiscal year amid auto slump, expects more losses this yearMay 12th, 2009 Mazda sinks into the red amid auto slumpTOKYO — Mazda Motor Corp. sank to a loss for the fiscal year ended March, sharing the fate of other Japanese automakers battered by the global slump and strong yen.
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.
Madhya Pradesh in joint venture pact with Jaiprakash AssociatesDecember 23rd, 2008 BHOPAL - The Madhya Pradesh government Wednesday signed a memorandum of understanding (MoU) with Jaiprakash Associates Ltd for setting up a 660-MW thermal power plant at Nigori village in Singrauli district of the state. As per the agreement, the diversified industrial giant would form a joint venture with the state government for producing coal and then set up the thermal power plant.
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