According to Taiwan press, Qixin Electronics, a subsidiary of TFT-LCD manufacturer Qimei Electronics, is going to invest Ningbo Linghong Electronics with USD 8 million. The main business is to assemble modules of middle-small sized displayers and touching displayers.
Qimei said that one-third of their products were sold Qixin for later-stage modules, and two-thirds are sold in the type of cells.
Mr. HE Shayang, General Manager of Qimei, said that they would make a spur to middle-small sized displayers. At present, Qimei has one 3.5-generation and one 4-generation factory. It is estimated that the sales volume will doubled this year.
Source: Sohu IT, 21 Feb. 2008
Six students in Clemson University of South Carolina, US, have received scholarship of Annual Excellent Researchers set up by Cixi Zhonghuan Machinery Factory.
This is the first time that Zhonghuan has established scholarship in Clemson. The six students are all researchers in advanced manufacturing and systematic integration. They are selected for their research on metal cutting process and uncertainty, material denaturation in processing.
Machinery Department in Clemson University has stood the top in the world, and some well-know giant companies, like GE, has full collaboration. Zhonghuan is a private enterprise specializing in casting parts. Mr. TANG LUxiang, General Manager, said that Zhonghuan set up over 20 years ago. However it is stuck in the simple manufacturing and processing, due to lack of advanced technology. In 2006, zhonghuan went to US to attend an exhibition and met Prof. HUANG Yong, who told them that Clemson was doing research in metal cutting, material denaturation and machine minor cutting. All these were what the company was in great need of. Introduced by Prof. Huang, Mr. Tang have come to the university several time, expressing hope to work with the university.
After several rounds of discussion, two parts reached an agreement of 5-year plan. Zhonghuan set up scholarship, and the university provide technology support for the company. In the following years, Zhonghuan will provide RMB 200,000.
This collaboration has brought new energy to the company. With the help of Clemson, Zhonghuan has successfully developed automotive digital machines. Zhonghuan has started expanded the factory of 60 acre.
Source: Zhejiang Daily, 22 Feb. 2008
Motorola has officially acquired Zhejiang Dahua Digital and digital TV STB (Set Top Box) business of Hangzhou Imagesilicon. However no details have been revealed.
Motorola is conducting strategic acquisition in order to strengthen the business of digital TV STB.
Zhejiang Dahua Digital Technology is a high-tech enterprises specialising in STB’s research, production, sales and after-sale service. Hangzhou Imagesilicon specialises in AV technology and multi-media chip design.
Dahua Digital will be merged into Motorola broad band and mobile network department. Its Hangzhou base will be maintained to become Motorola’s major digital TV operation.
Source: 163 technology, 25 Feb. 2008
Youngor Group, a Ningbo based fashion company, has completed to acquire US Kellwood's Smart Shirts business for approximately $120 million in cash. This is the largest transaction in Zhejiang province, China, and has set up an excellent example for Ningbo Yinzhou District Foreign business.
Kellwood is one of the five fashion giants in the US. Its subsidiaries, HK Smart Group and Smart Company, have undertaken men suits, including OEM for world leading suits, distribution in the US, product design and delivery system. The annual sales volume of Kelly wood reached USD2 billion, and that of Smart USD500 million. Through this action, Youngor has acquired 14 manufacturing bases of Smart in the world, ODM business for 20 well-known brands like POLO, Calvin Klein, 5 authorised brands like Nautica and Perry Ellis, and will share strong delivery system.
China industrial people think that Youngor’s action will enjoy the largest potential benefits, and it is a brilliant example for Chinese enterprises to go overseas.
From China Ningbo Web (www.cnnb.com.cn), 16 Jan. 2008
This week, Nottingham Business Development Ltd (NBDL) is at the China International Fashion Trade Fair in Ningbo. The International Fashion Trade Fair, a classical brand exhibition, is co-hosted by Ningbo Municipal People's Government, China Council for the Promotion of International Trade and China National Garment Association and so on. It is an international exhibition of great influence with industrial exhibition, assessment, conference, competition, and performance integrated into one. Find out more here: http://www.iffair.cn/en/about1.asp
The EU-China Managers Exchange and Training Programme (METP), launched in July 2006, is a four-year intergovernmental cooperation project between the EU and China in the field of international trade.
The METP is a joint response to the needs and interests coming from both sides and the commitment of the EU to support China's endeavours in improving the skills of managers from SMEs and NGOs in particular.
· The EU-China Managers Exchange and Training Programme (METP) provides support for exchange and training support to Chinese and European managers.
· The programme intends to organise training and internships for 200 Chinese and 200 European managers in both China and Europe.
· The METP is a four-year intergovernmental project between the European Commission and the Government of the People's Republic of China.
For more information see the website: www.eu-china-metp.eu
Nottingham has launched its new business development office in Ningbo, based at the University of Nottingham's campus in the Chinese port city.
The occasion was marked with a reception at Nottingham's Council House.
The council has set up a limited company, Nottingham Business Development, with a bilingual website that can be used by both UK and Chinese companies.
At the launch City council chief executive Michael Frater said the office was built on the council's strong relationship with the university and recognised an important and exciting period in China's economic development. It presented an opportunity for Nottingham's businesses, universities, schools, colleges and the city's research and development.
China's economic growth has been fuelled by demand from the rest of the world for products from its widespread and expanding industrial base. China is fast developing its knowledge-based economy, particularly in science and technology, attracting a highly skilled and educated workforce and rapidly increasing its research and development capabilities. Mr Frater said the creation of the Ningbo campus had led to Nottingham's relationships with China going from strength to strength.
The city has signed a Sister City agreement with Ningbo in which both have agreed to collaborate on economic development, educational and cultural projects.
Mr Frater said Nottingham had developed business relationships at the Zhejiang Trade Fair in China.
The city has been involved in supporting numerous trade visits and the new office is seen as an ideal way to develop links with the whole of the Zhejiang Province, the city of Shanghai, and across the eastern part of the Yangtze River Delta.
"Any business support organisation in China will tell you that you can't view the country as one market, but we see our new office as a gateway for Nottingham's businesses to the highly entrepreneurial and fast growing Greater Shanghai area," said Mr Frater.
Beryl Chen has been appointed business development manager for Nottingham Business Development.
She worked for the British Consulate in Shanghai and has excellent knowledge and experience of supporting trade and investment from the UK to China.