Tag Archives: CHINA

Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence

(IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems … Read the full press release

Vossloh Fastening Systems China Co. Ltd. Secures Major Contract for Chinese High-Speed Rail Project

(IN BRIEF) Vossloh, a key player in rail infrastructure solutions, has reinforced its foothold in the Chinese market with a significant contract awarded to its subsidiary, Vossloh Fastening Systems China Co. Ltd. The contract entails supplying rail fastening systems for … Read the full press release

Societe Generale and Envision Join Forces for Green Technology Advancements

(IN BRIEF) Societe Generale and Envision have inked a Memorandum of Understanding (MOU) aimed at driving forward the development of green technologies and optimizing the carbon footprint of businesses in line with global energy transition goals. The collaboration entails Societe … Read the full press release

Study Reveals Impact of Land Consolidation on Arthropod Diversity in Rice Fields

(IN BRIEF) A study published in the Journal of Applied Ecology, led by researchers from the University of Liverpool in collaboration with colleagues from the Netherlands and China, delves into the effects of land consolidation on arthropod diversity in rice … Read the full press release

ABB Expands Market Reach in China with Acquisition of Siemens’ Wiring Accessories Business

(IN BRIEF) ABB has announced its agreement to acquire Siemens’ Wiring Accessories business in China, a strategic move aimed at broadening its market reach and enhancing its regional customer offerings within smart buildings. The acquisition encompasses wiring accessories, smart home … Read the full press release

Stellantis and Leapmotor Finalize Formation of Leapmotor International, Paving the Way for Global Expansion of EV Lineup

(IN BRIEF) Stellantis and Leapmotor have successfully completed the formation of Leapmotor International B.V., a joint venture led by Stellantis with a 51% stake, aimed at expanding the global reach of Leapmotor’s electric vehicle lineup. Spearheaded by CEO Tianshu Xin, … Read the full press release

Cotti Coffee Chooses Adyen’s Platform for Global Expansion and Enhanced Customer Experience

(IN BRIEF) Adyen, a leading financial technology platform, has partnered with Cotti Coffee to support the global coffee chain’s expansion into new international markets including Canada, Australia, Japan, Singapore, and the UAE. This strategic collaboration leverages Adyen’s single-platform solution to … Read the full press release

Meisheng Group Launches New ANDRITZ NeedlePunch Line for Synthetic Suede Production

(IN BRIEF) Meisheng Group has initiated operations of a new ANDRITZ needlepunch line at its facility in Shaoxing City, Zhejiang Province, enhancing its production capabilities to meet the rising demand for synthetic suede, especially in New Energy Vehicles (NEVs). This … Read the full press release

Infineon Partners with Xiaomi EV to Supply Silicon Carbide Power Modules for SU7 Electric Vehicles

(IN BRIEF) Infineon Technologies AG, a semiconductor leader, will provide silicon carbide (SiC) power modules and bare die products to Xiaomi EV for its SU7 electric vehicles until 2027. Infineon’s CoolSiC-based power modules offer superior performance, driving dynamics, and lifetime … Read the full press release

Ingka Group Expands Globally with New IKEA Store Openings in Switzerland and China

(IN BRIEF) Ingka Group, the leading IKEA retailer, is embarking on an ambitious expansion journey by opening new IKEA stores and customer meeting points in various locations worldwide. In Switzerland, a modern IKEA store opened in Riddes, featuring innovative sustainability … Read the full press release

Munich Re Revamps Leadership Structure to Strengthen Regional Underwriting in Asia Pacific & Africa

(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release

Merck Expands M LabTM Collaboration Center in Shanghai, Enhancing Biopharmaceutical Capabilities

(IN BRIEF) Merck, a prominent science and technology company, announces a €14 million expansion of its M LabTM Collaboration Center in Shanghai, bolstering its support for the biopharmaceutical industry in China. The expansion includes new facilities such as a biology … Read the full press release

TotalEnergies and SINOPEC Forge Partnership for Sustainable Aviation Fuel Production in China

(IN BRIEF) TotalEnergies and SINOPEC have inked a Heads of Agreement (HoA) to jointly establish a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC refinery in China. This collaboration aims to address the aviation industry’s need for sustainable solutions, … Read the full press release

DHL Global Connectedness Report 2024: Insights into Global Flows Amidst Pandemic and Geopolitical Strains

(IN BRIEF) The DHL Global Connectedness Report 2024 reveals that despite the challenges posed by the pandemic and geopolitical conflicts, globalization has reached record highs. Trade growth has been instrumental in sustaining global connectedness, with Singapore leading the list of … Read the full press release

Basilea Pharmaceutica Celebrates Milestone Payment as Cresemba® Sales Soar in Asia Pacific and China

(IN BRIEF) Basilea Pharmaceutica Ltd (SIX: BSLN) announced a significant milestone with a USD 1.25 million payment triggered by the robust sales performance of its antifungal medication, Cresemba® (isavuconazole), in the Asia Pacific region and China by its license partner … Read the full press release

ESET Reveals Cyberespionage Campaign Exploiting Monlam Festival to Target Tibetans

(IN BRIEF) ESET researchers have uncovered a sophisticated cyberespionage campaign targeting Tibetans across various countries and territories, leveraging the Monlam Festival, a significant religious event. The operation, attributed to the China-aligned Evasive Panda Advanced Persistent Threat (APT) group, utilized a … Read the full press release

Kuehne+Nagel Strengthens Cross-Border Road Logistics with City Zone Express Acquisition

(IN BRIEF) Kuehne+Nagel has announced its acquisition of City Zone Express, a subsidiary of Chasen Holdings Ltd., expanding its cross-border road logistics services in Southeast Asia and China. City Zone Express, with operations across Malaysia, Singapore, Vietnam, Thailand, and China, … Read the full press release

Global Warming Amplifies Risks: UEA-Led Study Warns of Heightened Climate Threats to Developing Countries

(IN BRIEF) A research program led by the University of East Anglia (UEA) has quantified how climate change risks increase at a national scale with rising global temperatures. Focusing on six countries including Brazil, China, Egypt, Ethiopia, Ghana, and India, … Read the full press release

Climate Change Report: Urgent Adaptation Measures Needed to Stem Rising Economic Losses, Swiss Re Institute Finds

(IN BRIEF) Swiss Re Institute’s latest analysis reveals that climate change is poised to escalate economic losses globally due to severe weather events. The report highlights the vulnerability of countries like the Philippines and the United States, which face significant … Read the full press release

DNV and Renji Hospital Extend Successful Collaboration into Seventh Year, Reinforcing Commitment to Medical Quality Certification

(IN BRIEF) DNV and Renji Hospital in Shanghai proudly announce the renewal of their partnership, continuing their successful collaboration into its seventh year. Renji Hospital’s international department has actively participated in DNV’s International Medical Quality Certification Programme since 2017, aiming … Read the full press release