Grage, Doris, Kemmer, John, The China Business Review
Sales and Investment
JULY 16-SEPTEMBER 15, 2004
The following tables contain recent press reports of business contracts and negotiations exclusive of those listed in previous issues. For the most part, the accuracy of these reports is not independently confirmed by the CBR. Contracts denominated in foreign currencies are converted into US dollars at the most recent monthly rate quoted in the International Monetary Fund's International Financial Statistics.
Firms whose sales and other business arrangements with China do not normally appear in press reports may have them published in the CBR by sending the information to the attention of the editor.
Architecture, Construction & Engineering
Tumble Navigation Ltd. (US)
Won supply contract for positioning technologies and software to China Railway Bridge Bureau Group Co. Ltd. in construction of the Hangzhou Bay Transoceanic Bridge. 08/04.
BASF Coating, a unit of BASF AG (Germany)
Will supply paint coats for production at FAW-Volkswagen Automotive Co. Ltd.'s new car plant in Changchun, Juin. 08/04.
Daewoo International Corp. (South Korea)
Signed contract to supply machinery to Ningbo AUX Group Co.'s auto plant in Zhejiang.$163.4 million.08/04.
INVESTMENTS IN CHINA
Ailshie Co. (US)/Xi'an Qinghua Mechano-Electrical Group Co. (Shaanxi)
Formed joint venture, Ailshic-Qinghua (Xi'an) Automotive Co. Ltd., to produce air bags for cars. (US:60%-PRC:40%). $17 million. 09/04.
Hyundai Mobis Co., a unit of Hyundai Motor Co. (South Korea)/Beijing Automotive Investment Co.
Formed joint venture, Beijing Hyundai Mobis Parts Co., for sale of auto parts for Hyundai cars. (South Korea:50%-PRC:50%). 09/04.
Hyundai Motor Co. (South Korea)/Jiang Huai Automotive Group (Anluii)
Signed preliminary agreement to set up a plant in Anhui to produce trucks, buses, and van engines. (South Korea:50%-PRC:50%). $750 million. 09/04.
Toyota Motor Corp. (Japan)/Guangzhou Automobile Group Corp.
Formed joint venture, Guangzhou Toyota Motor Corp., to manufacture Camry sedans. ( Japan:50%-PRC:50%). $462 million. 09/04.
Visteon Corp. (US)/Halla Climate Control Dalian Co., Ltd.
Formed joint venture to produce auto air-conditioning compressors and subcomponents in Dalian. $80 million. 09/04.
ArvinMeritor, Inc. (US)/Shanghai SIIC Transportation Electronic Co., Ltd.
Formed joint venture, Shanghai ArvinMeritor Automotive Parts Co., Ltd., to manufacture passenger vehicle sunroofs for Shanghai Volkswagen Automotive Co. Ltd. (US:50%-PRC:50%). 08/04.
Mitsubishi Motors Corp. (Japan)/Hunan Changfeng Motor Co.
Will form joint venture to produce Mitsubishi-brand Pajero sportsutility vehicles in Changsha, Hunan. 08/04.
Robert Bosch GmbH (Germany)/Wuxi Weifu Group Co., Ltd. (Jiangsu)
Formed joint venture to develop Bosch's automotive diesel system. (Germany:67%-PRC:33%). $200 million. 08/04.
NTN Corp. (Japan)/Changzhou Guangyang Bearing Co. Ltd. (Jiangsu)
Formed joint venture, Changzhou NTN-Guangyang Corp., to develop, manufacture, and market automotive bearings. (Japan:51%-PRC:49%). $28 million. 07/04.
Tata Motors, Co. (India)
Signed MOU with Brilliance China Automotive Holdings (Shanghai) to conduct feasibility study for launching its cars in China. 08/04.
The Boeing Co. (US)
Sold seven 737-700 jetliners to Air China. $360 million. 09/04.
Iberia Airlines (Spain)
Won contract from China Southern Airlines to repair engines and parts. 08/04.
INVESTMENTS IN CHINA
A-Sonic Aerospace Ltd., Airocean Group (Singapore), China Xpress (Hong Kong)/Guangdong China Travel Services
Signed agreement …
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Publication information: Article title: China Business. Contributors: Grage, Doris - Author, Kemmer, John - Author. Magazine title: The China Business Review. Volume: 31. Issue: 6 Publication date: November/December 2004. Page number: 46+. © U.S.-China Business Council Mar/Apr 2009. Provided by ProQuest LLC. All Rights Reserved.