The last Land Rover production lines, the famed 4x4 off-road vehicle that has been
made for almost seven decades, has rolled off the production line in Britain.
More than two million of the boxy vehicles have been produced at the plant
over the past 68 years, and fans range from farmers to Queen Elizabeth II, who
has been photographed driving them over the decades.
Dozens of workers at the Jaguar Land Rover plant near Birmingham in central
England cheered Friday as the last one was presented with its lights flashing
and horn blaring.
Jaguar Land Rover did not say why the model is being discontinued. Jim
Holder, editorial director of motoring magazines including Autocar, said it
could be because the model can no longer keep up with emission and safety
regulations.
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machinery news in Equipmentimes.
Thursday, February 18, 2016
Tuesday, February 16, 2016
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Italian textile machinery reports growth in foreign markets
The orders index for Italian textile china machinery companies in foreign markets grew during the fourth quarter of 2015, whilst on the domestic front the positive orders trend is hit by a setback over the past six months, ACIMIT, the Association of Italian Textile Machinery Manufacturers, reports.
“I believe it’s important to have closed out 2015 with an overall increase in the order intake. This is a positive result that may be further strengthened over the first half of 2016 if the numerous contacts confirmed at ITMA 2015 materialize,” said ACIMIT president Raffaella Carabelli.
“As for the domestic market, we weren’t expecting this sort of setback after two positive quarters. However, the year-end trade fair has confirmed the many signs of recovery, even for Italy, which now need to be verified in early 2016.”
Positive trend
Based on the survey conducted by ACIMIT, during October-December 2015 the order intake for machinery manufacturers increased by 2% compared to the same period of the previous year, mainly due to a boost in exports to foreign markets. The value of the index for October-December 2015 stood at 89.1 points (2010 basis = 100).
However, growth was observed in foreign markets only, where the index registered an absolute value of 99.3 points (+3%). In Italy, the index had an absolute value of just 46.5 points, an 11% drop over the same quarter for 2014, bucking the trend of the previous two quarters.
Meanwhile Italian export figures, updated to the first ten months of 2015, confirm the current positive trend in orders. “We witnessed a recovery in the Chinese market for the second half of 2015, and generally speaking, the Asian markets account for growth in our sales (India, Bangladesh, Pakistan and Vietnam),” said ACIMIT’s president.
Promotional initiatives
In 2016, with the support of the Ministry of Economic Development and Italian Trade Agency, ACIMIT aims to further push its internationalization efforts.
Around 20 countries/markets will be touched by promotional initiatives favouring the penetration of Italy’s textile machinery sector. Among these are projects in Sub-Saharan Africa and Iran, areas which, as ACIMIT points out, Italian businesses are approaching for the first time or after years of partial closure.
ACIMIT represents an industrial sector comprising around 300 companies and producing machinery for an overall value of about EUR 2.5 billion, with exports amounting to 84% of total sales. Italian textile technology is sold to around 130 countries worldwide.
“I believe it’s important to have closed out 2015 with an overall increase in the order intake. This is a positive result that may be further strengthened over the first half of 2016 if the numerous contacts confirmed at ITMA 2015 materialize,” said ACIMIT president Raffaella Carabelli.
“As for the domestic market, we weren’t expecting this sort of setback after two positive quarters. However, the year-end trade fair has confirmed the many signs of recovery, even for Italy, which now need to be verified in early 2016.”
Positive trend
Based on the survey conducted by ACIMIT, during October-December 2015 the order intake for machinery manufacturers increased by 2% compared to the same period of the previous year, mainly due to a boost in exports to foreign markets. The value of the index for October-December 2015 stood at 89.1 points (2010 basis = 100).
However, growth was observed in foreign markets only, where the index registered an absolute value of 99.3 points (+3%). In Italy, the index had an absolute value of just 46.5 points, an 11% drop over the same quarter for 2014, bucking the trend of the previous two quarters.
Meanwhile Italian export figures, updated to the first ten months of 2015, confirm the current positive trend in orders. “We witnessed a recovery in the Chinese market for the second half of 2015, and generally speaking, the Asian markets account for growth in our sales (India, Bangladesh, Pakistan and Vietnam),” said ACIMIT’s president.
Promotional initiatives
In 2016, with the support of the Ministry of Economic Development and Italian Trade Agency, ACIMIT aims to further push its internationalization efforts.
Around 20 countries/markets will be touched by promotional initiatives favouring the penetration of Italy’s textile machinery sector. Among these are projects in Sub-Saharan Africa and Iran, areas which, as ACIMIT points out, Italian businesses are approaching for the first time or after years of partial closure.
ACIMIT represents an industrial sector comprising around 300 companies and producing machinery for an overall value of about EUR 2.5 billion, with exports amounting to 84% of total sales. Italian textile technology is sold to around 130 countries worldwide.
Vietnam spends $9bn on Chinese machinery, equipment in 2015
The money the Southeast Asian country spent on Chinese machinery and equipment made up 18.2 percent of total imports of Chinese goods last year, the largest sector out of 45, the general department said.
In 2015, China continued to be the largest trading partner of Vietnam with the total value of imports amounting to over $49.5 billion, a 13.8 percent year-on-year rise.
The 2015 figures have made China the biggest exporter of machinery and equipment to Vietnam, a position the neighboring country has held for many years after surpassing Japan and South Korea, the customs department said.
The value of this group of Chinese goods accounted for 30 percent of total imports of machinery and equipment from Vietnam’s trading partners worldwide.
The import value of machinery and equipment in 2015 increased 23 percent compared with a year ago, a signal that business and production activities of Vietnamese enterprises began to accelerate.
The group of machinery-equipment was followed by telephone-components ($6.9 billion), computers-electronic products and fabrics (over $ 5.2 billion).
Moreover, Vietnam also spent more than $4 billion importing 9.6 million metric tons of iron and steel from China, accounting for over half the money Vietnam paid for imported iron and steel worldwide in 2015.
Regarding automobiles, Vietnam bought 26,742 Chinese vehicles, representing 25 percent of the total number of cars imported into the country last year, the General Department of Vietnam Customs said.
If automotive parts and components were included, the money spent on finished vehicles and parts from China would reach $1.7 billion.
In 2015, China continued to be the largest trading partner of Vietnam with the total value of imports amounting to over $49.5 billion, a 13.8 percent year-on-year rise.
The 2015 figures have made China the biggest exporter of machinery and equipment to Vietnam, a position the neighboring country has held for many years after surpassing Japan and South Korea, the customs department said.
The value of this group of Chinese goods accounted for 30 percent of total imports of machinery and equipment from Vietnam’s trading partners worldwide.
The import value of machinery and equipment in 2015 increased 23 percent compared with a year ago, a signal that business and production activities of Vietnamese enterprises began to accelerate.
The group of machinery-equipment was followed by telephone-components ($6.9 billion), computers-electronic products and fabrics (over $ 5.2 billion).
Moreover, Vietnam also spent more than $4 billion importing 9.6 million metric tons of iron and steel from China, accounting for over half the money Vietnam paid for imported iron and steel worldwide in 2015.
Regarding automobiles, Vietnam bought 26,742 Chinese vehicles, representing 25 percent of the total number of cars imported into the country last year, the General Department of Vietnam Customs said.
If automotive parts and components were included, the money spent on finished vehicles and parts from China would reach $1.7 billion.
Monday, February 15, 2016
Chile expands trade in agricultural products with China
China has now become the main destination for Chilean farm products, with fruit, wine and salmon among the main items of Chilean agricultural exports to China, data from the Agriculture Ministry and other government agencies show.
The sustained growth of the Chinese economy has led to a constant need for foodstuffs. This demand has increased now as China is changing its economic model to favor domestic consumption.
In 2014, the commercial exchanges between the two sides topped 34 billion U.S. dollars. China is now the third-largest market for Chilean foodstuffs, after the U.S. and Japan.
The free-trade agreement between Chile and China, signed in 2005, has facilitated exports to China. Chileans sold foodstuffs with a value of 78.4 million U.S. dollars in 2003, and the number rocketed to 1.273 billion U.S. dollars in 2014.
Now, 11 percent of all Chilean fruit exports goes to China, along with 17 percent of processed foods, 4 percent of wine and 3 percent of salmon. China is now the third-largest market for Chilean fruit, the fifth for wine and the sixth for salmon.
A total of 646 Chilean companies were doing business with China in 2015, including 274 small and medium-sized enterprises, which employ a large portion of the Chilean work force.
The great challenge now is to diversify farm exports, so that fresh products can reach cities across China in good condition.
Furthermore, Chile is now looking to make heavy investments in the agricultural sector, often in cooperation with Chinese companies, in order to boost productivity.
The visit to Chile last year by Chinese Premier Li Keqiang helped to boost commercial links between the two countries.
Both countries are also seeking to boost food fairs and gastronomic tourism options to help Chilean exporters reach Chinese buyers.
Chile has also displayed a keen interest in attracting Chinese investments, especially after China Construction Bank opened its offices in the country.
Over 100 Chilean entrepreneurs visited Beijing and Shanghai for the Week of Chile in China on the occasion of 45 years of bilateral relations in 2015. The momentum of such exchanges is expected to continue in 2016.
Related Product:
China production lines
110KV Power transformer
China Fish Meal Machine
The sustained growth of the Chinese economy has led to a constant need for foodstuffs. This demand has increased now as China is changing its economic model to favor domestic consumption.
In 2014, the commercial exchanges between the two sides topped 34 billion U.S. dollars. China is now the third-largest market for Chilean foodstuffs, after the U.S. and Japan.
The free-trade agreement between Chile and China, signed in 2005, has facilitated exports to China. Chileans sold foodstuffs with a value of 78.4 million U.S. dollars in 2003, and the number rocketed to 1.273 billion U.S. dollars in 2014.
Now, 11 percent of all Chilean fruit exports goes to China, along with 17 percent of processed foods, 4 percent of wine and 3 percent of salmon. China is now the third-largest market for Chilean fruit, the fifth for wine and the sixth for salmon.
A total of 646 Chilean companies were doing business with China in 2015, including 274 small and medium-sized enterprises, which employ a large portion of the Chilean work force.
The great challenge now is to diversify farm exports, so that fresh products can reach cities across China in good condition.
Furthermore, Chile is now looking to make heavy investments in the agricultural sector, often in cooperation with Chinese companies, in order to boost productivity.
The visit to Chile last year by Chinese Premier Li Keqiang helped to boost commercial links between the two countries.
Both countries are also seeking to boost food fairs and gastronomic tourism options to help Chilean exporters reach Chinese buyers.
Chile has also displayed a keen interest in attracting Chinese investments, especially after China Construction Bank opened its offices in the country.
Over 100 Chilean entrepreneurs visited Beijing and Shanghai for the Week of Chile in China on the occasion of 45 years of bilateral relations in 2015. The momentum of such exchanges is expected to continue in 2016.
Related Product:
China production lines
110KV Power transformer
China Fish Meal Machine
China's January foreign trade slumps, surplus widens
China's foreign trade slumped in January, with both exports and imports slowing at a faster-than-expected rate due to weak global demand, customs data showed on Monday.
Exports in yuan-denominated terms dropped 6.6 percent year on year to 1.14 trillion yuan (175 billion U.S. dollars), slowing from 2.3-percent growth last month, while imports declined 14.4 percent to 737.5 billion yuan, worsening from a 4-percent slump last month, according to the General Administration of Customs (GAC).
Total foreign trade value in January edged down 9.8 percent year on year to 1.88 trillion yuan.
The monthly foreign trade surplus widened 12.2 percent year on year to a record high of 406.2 billion yuan in January, up from 382 billion yuan a month earlier.
The fundamental factor behind Monday's disappointing figures has more to do with the overall lack of external demand rather than changes in exchange rates, said HSBC in a research note.
Falling commodity prices continued to weigh on import growth. Crude oil imports declined 4.6 percent year on year in volume while the average import price dived 36.4 percent.
Import volume of coal and steel, two sectors that have the most significant overcapacity problems, dropped 9.2 percent and 19.6 percent respectively.
The slump in trade growth mainly reflects weakening investment demand as recent holiday retail sales suggested strength in domestic consumption, said Nomura, a Japanese financial service firm. The slowing demand may come from weaker property investment and measures to reduce overcapacity.
Trade with China's three biggest trade partners, the European Union, the United States and the Association for Southeast Asian Nations (ASEAN), all dropped around 10 percent, data showed.
Exports and imports by state-owned companies were among those badly hit, diving 15.7 and 25.7 percent year on year respectively, while private firms reported about 1 percent increase in both exports and imports.
In a brighter note, the leading index for China's exports stood at 31.7 in January, the first time it increased from the previous month since February 2015, signalling less export pressure in the second quarter of 2016, the GAC said.
In dollar-denominated terms, China's exports fell by 11.2 percent from one year earlier in January, worsening from December's 1.4 percent decline. The import decline also widened to 18.8 percent.
As a weak external picture is likely to persist, a package of policy stimulus directed at boosting domestic demand including more aggressive monetary and fiscal easing, will be more effective at stabilizing growth and expectations in the coming months, HSBC said.
Product you may like:
composite insulator
110KV Power transformer
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Exports in yuan-denominated terms dropped 6.6 percent year on year to 1.14 trillion yuan (175 billion U.S. dollars), slowing from 2.3-percent growth last month, while imports declined 14.4 percent to 737.5 billion yuan, worsening from a 4-percent slump last month, according to the General Administration of Customs (GAC).
Total foreign trade value in January edged down 9.8 percent year on year to 1.88 trillion yuan.
The monthly foreign trade surplus widened 12.2 percent year on year to a record high of 406.2 billion yuan in January, up from 382 billion yuan a month earlier.
The fundamental factor behind Monday's disappointing figures has more to do with the overall lack of external demand rather than changes in exchange rates, said HSBC in a research note.
Falling commodity prices continued to weigh on import growth. Crude oil imports declined 4.6 percent year on year in volume while the average import price dived 36.4 percent.
Import volume of coal and steel, two sectors that have the most significant overcapacity problems, dropped 9.2 percent and 19.6 percent respectively.
The slump in trade growth mainly reflects weakening investment demand as recent holiday retail sales suggested strength in domestic consumption, said Nomura, a Japanese financial service firm. The slowing demand may come from weaker property investment and measures to reduce overcapacity.
Trade with China's three biggest trade partners, the European Union, the United States and the Association for Southeast Asian Nations (ASEAN), all dropped around 10 percent, data showed.
Exports and imports by state-owned companies were among those badly hit, diving 15.7 and 25.7 percent year on year respectively, while private firms reported about 1 percent increase in both exports and imports.
In a brighter note, the leading index for China's exports stood at 31.7 in January, the first time it increased from the previous month since February 2015, signalling less export pressure in the second quarter of 2016, the GAC said.
In dollar-denominated terms, China's exports fell by 11.2 percent from one year earlier in January, worsening from December's 1.4 percent decline. The import decline also widened to 18.8 percent.
As a weak external picture is likely to persist, a package of policy stimulus directed at boosting domestic demand including more aggressive monetary and fiscal easing, will be more effective at stabilizing growth and expectations in the coming months, HSBC said.
Product you may like:
composite insulator
110KV Power transformer
Ice Cream Mix Machine
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