A Site Selection Web Exclusive,
SHARE THIS ON SOCIAL MEDIA
Canada's Fordia Group Sets Up Fordia (Changzhou) Mining Machinery in Changzhou National High-tech District, China
CHANGZHOU, China, Nov. 29, 2012 /PRNewswire/ -- The opening ceremony for Fordia (Changzhou) Mining Machinery, a newly formed company invested in by Canada's Fordia Group Inc., was held on November 19 in Changzhou Export Processing Zone located in China's Jiangsu province. Guests in attendance included Canada's Consul General in Shanghai, Rick Savone. According to the investment agreement signed between Fordia and Changzhou National High-tech District in June 2011, Asia Mining Tools Distribution Company Limited, a subsidiary of Fordia, will invest US$5 million to set up Fordia (Changzhou) Mining Machinery in Changzhou Export Processing Zone. The new firm, specializing in producing high performance diamond drilling bits, drilling equipment as well as related accessories and molds, plans to have an annual capacity of some 150,000 units after being put into operation. With the establishment of the Changzhou firm, Fordia expects to further increase its annual sales by 35 percent over the next three to five years.
Having started its business in Montreal, Canada, Fordia is a well-known global manufacturer and distributor of specialty mining and geological prospecting tools, including core drilling bits, diamond bits and drilling equipment as well as geological prospecting equipment and drilling gauges.
Changzhou Export Processing Zone is now directing its attention to bringing in companies operating in highly concentrated and high value-added industries that are able to drive foreign trade, especially in the electronics information, new energy materials, power machinery and medical equipment sectors.
Attracted by its superior geographical location, a comprehensive range of support facilities and state-of-the-art investment environment, a number of multinational companies have chosen to invest in Changzhou National High-tech District. The district is located in the Yangtze River Delta. [...Read More]
TOT Biopharm Opens High-Tech Production Facility in Suzhou
SUZHOU, China, Dec. 3, 2012 /PRNewswire/ -- TOT Biopharm Company Limited has completed the 18-month project constructing the first stage of its US$100 million factory complex in eastern China's Suzhou Industrial Park. The high-tech factory complex specializes in the research and development, production and marketing of anti-cancer drugs globally.
The inauguration ceremony of the new factory complex held on November 23 was attended by celebrities and guests from both mainland China and Taiwan, all of whom witnessed a milestone in the cooperation between the two regions in developing the bio-pharmaceutical sector. Business leaders from both regions, including Wang Shaobang, deputy director of the Taiwan Affairs Office of Jiangsu Province, Yang Zhiping, director of Suzhou Industrial Park, Qianfu, chairman of Cathay United Bank's Culture & Charity Foundation and Gao Konglian, deputy chairman of Straits Exchange Foundation delivered congratulatory speeches at the event, signaling their desire to further the cooperation in the pharmaceutical R&D field between mainland and Taiwan with the new state-of-the-art factory complex. Guests attending the event included leaders in the research and development of anti-cancer drugs from both the mainland and Taiwan, including Sun Yan, academician of the Chinese Academy of Engineering, Jacqueline Whang-Peng, academician of Academia Sinica, Professor Ma Jun, director of the Harbin Institute of Hematology & Oncology and Professor Ann-Lii Cheng, chief of medical oncology at National Taiwan University Hospital.
TOT Biopharm's new factory complex meets the demand for developing the bio-pharmaceutical sector set forth in China's 12th Five-Year Development Planning for Strategic Emerging Industries. The company has leveraged the rapid growth of bio-pharmaceutical technologies in China to accelerate the building of a complete bio-pharmaceutical industry chain. With the support of both the mainland and Taiwan governments, TOT Biopharm chairman Lin Rongjin and general manager Huang Chunying worked closely with their professional teams to create a world leading 50,000-square-meter factory complex for specialty anti-cancer drugs. The company's core products include Liposomal technology-based specialty drugs, biologics and innovative drugs.
The first stage of TOT Biopharm's new factory complex includes an oral anti-cancer drug plant with separate production facilities for both cytotoxics and non-cytotoxics, an injected anti-cancer drug plant and a GMP bio pilot plant with a capacity of 500L cell culture/ purification/ filling. TOT Biopharm is set to initiate the second-stage construction to expand its production scale and improve its international competitiveness, building a position as a pharmaceutical R&D and marketing partner of choice for international bio-pharmaceutical innovators and devoting itself to major cancer treatments in China and to the well-being of people around the world.
Novelis Breaks Ground on $250 Million Aluminum Recycling Plant in Germany
Operation to be world's largest aluminum recycling center
ATLANTA, Nov. 26, 2012 /PRNewswire/ -- Novelis, the world leader in aluminum rolling and recycling, today broke ground on a $250 million aluminum recycling and casting center at its plant in Nachterstedt, Germany. Constructed adjacent to the company's existing aluminum rolling mill, the new center will enable the company to produce 400,000 metric tons of aluminum sheet ingot from recycled material annually, and is projected to be the world's largest aluminum recycling center. "This investment represents another step in delivering on our commitment to dramatically increase the recycled content of the rolled aluminum sheet we provide to our world-class global customers," said Phil Martens, President and Chief Executive Officer for Novelis, "while also signifying our long term commitment to the European market. The advanced sorting, processing and casting capabilities of the new Nachterstedt operation will propel us closer to our goal of 80 percent recycled content by 2020."
By increasing the recycled metal input of Novelis aluminum, the company saves valuable natural resources while enabling its customers to create products with a higher recycled content and smaller environmental footprint. Using recycled aluminum as input material requires only 5 percent of the energy used to make primary aluminum from raw materials, thus avoiding 95 percent of the greenhouse gases associated with production.
The new center will help support the company's drive to increase end-of-life recycling in Europe, where Novelis is already the leading recycler of aluminum beverage cans. The center will process used beverage cans as well as numerous other forms of aluminum scrap from across continental Europe. The company expects the center to create 200 new jobs when it is commissioned in mid-2014.
Tadeu Nardocci, Senior Vice President of Novelis and President of Novelis Europe, was joined at the ground breaking ceremony by Dr. Reiner Haseloff, First Minister of the state of Saxony-Anhalt and Prof. Dr. Birgitta Wolff, Minister of Science and Economy for the state of Saxony-Anhalt.
"US-based companies contribute significantly to the economic development of our state, as they have created and maintained 12,000 jobs in our region," said Dr. Haseloff. "I am delighted that Novelis, as an important investor, is reinforcing its commitment to Nachterstedt significantly with this new investment. This will further improve the local employment market."
The Nachterstedt expansion is the latest in a series of recycling and casting expansion projects launched by Novelis over the past two years totaling nearly $450 million, including the commissioning last month of the company's new integrated recycling and casting center in Yeongju, Korea. These projects, and others underway across the world, are designed to increase Novelis' recycling and casting capacity to 2.1 million tons by 2015.
$1.2 Billion for Bécancour Fertilizer Plant
La Coop fédérée and Indian Farmers Fertiliser Cooperative (IFFCO), in collaboration with Investissement Québec, have signed an agreement to set up a nitrogen fertilizer production plant in Bécancour, in the Centre-du-Québec.
The $1.2 billion investment will create more than 200 jobs. Construction of the plant will get under way in 2014 and production will start up in 2017. Investissement Québec played a leading role in bringing IFFCO and La Coop fédérée together. IFFCO is one of the world's largest fertilizer cooperatives, with more than 50 million members, sales of over $5 billion and five plants in India, as well as interests in facilities in the Middle East, Africa, Australia and South America. The fertilizers produced in Bécancour will be distributed through La Coop fédérée's 175-store network.