18.10.2006
A Swiss surprise for Atlas Copco
Atlas Copco has received a large order from Alstom Switzerland for the power generation market. The order comprises several fuel gas booster compressors, with the overall contract value at MEUR 9.
13.10.2006
KAMAZ begins to reject imported components
KAMAZ released first samples of medium-duty trucks KAMAZ-4308 equipped with locally produced hypoid axle designed specifically for this class of trucks.
KAMAZ has been using hypoid axles in its products for a long time, but until now they have been bought from abroad. KAMAZ-4308 truck has won customers` recognition, and the demand for this product is constantly growing. Hypoid axle will allow to improve such an important
13.10.2006
Scania and MAN failed again to come to compromise
The Board of Scania, having consulted its financial advisers, rejects MAN`s modified offer.
As in the case of MAN`s initial offer, the modified offer substantially undervalues Scania, in particular in two principal respects:
- the earnings outlook for the standalone company is significantly above current market consensus;
- MAN`s announced synergies materially underestimate the true
12.10.2006
Cummins to work under DaimlerChrysler`s wing
Light-duty automotive engine for DaimlerChrysler to bring as many as 800 new jobs to company"s oldest production facility.
Cummins Inc. has answered two big questions concerning its previously announced light-duty diesel engine program. The company has announced that it will build the new engines at its Columbus Engine Plant (CEP) in Columbus, Ind., where production is scheduled to begin no later than 2010.
And perhaps even
11.10.2006
Chinese company to open a plant in the USA
Sany Corp., a manufacturer of machines and related components for the building and construction industry, has won Chinese government approval to build a plant in the United States, potentially becoming the first Chinese machinery maker to assemble equipment in the U.S. Sany will initially invest $9 million in the U.S. plant, rising to $50 million three years later, the company"s executive president Xiang Wenbo said.
Headquartered in Changsha, Hunan Province, the People"s
|
 Articles
Archive
|
English
Русский
