Schaeffler and Timken are both considering a bid for ABB's mechanical power transmission business. The business could sell for about $1.5 billion. The business is also likely to attract interest from other industrial companies, such as RBC bearing Inc., as well as acquisition companies. Bjoern Rosengren, ABB's chief executive, announced last November that abb would explore options for Dodge and its turbocharging unit and power conversion business. Investors hope his strategy will address ABB's structural problems and improve profitability. Dodge's products include mounting bearings, enclosed drives and bushings for industrial applications. ABB acquired the business as part of its acquisition of Baldor Electric Co. in 2011.
New energy vehicles
Siemens is involved in R & D and manufacturing of power batteries. Siemens, a German manufacturing giant, announced a partnership with European battery manufacturer inobat Auto to develop high-quality customized batteries. As an innovative enterprise integrating battery R & D and production, inobat will digitize its entire electric vehicle battery production value chain by using Siemens' combination of electrical, automation and digital technologies. Siemens is a leader in automation, industrial software and intelligent infrastructure. With Siemens technology and field expertise, inobat can make use of flexible, transparent and efficient production processes to achieve battery production success and shorten battery time to market. At the same time, inobat can leverage Siemens solutions to develop a holistic digital factory approach in all its R & D and gigafactory facilities. Inobat plans to build a digital twin product based on Siemens xcelerator product portfolio to promote the development of advanced custom EV Batteries.
Tesla has formally applied to produce batteries at the Berlin super factory in Germany and is expected to be one of the first to produce Tesla's new 4680 batteries. Tesla's 4680 battery will first be used in model y, which is produced by the super factory in Berlin.
Berger Warner completes acquisition of akasol, a battery system manufacturer. Bergwarner said it had completed its bid for akasol, a German manufacturer of lithium-ion battery systems, and held 89% of the outstanding shares in akasol. The acquisition further strengthens the ability of bergwarner's commercial vehicles and industrial electrification, enabling the company to take advantage of the rapidly growing battery pack market. Bergwarner paid about 648 million euros (788 million dollars) to complete the acquisition. Fr é D é ric lissalde, President and chief executive of bergwarner, said: we are pushing ahead with the plan to increase the share of EV revenue to about 45% by 2030. Akasol will operate independently, and three of its top executives are expected to serve on the company's supervisory board (a total of five).
The additional investment of Sailun Cambodia project is 1.1 billion yuan, and the production capacity is increased to 9 million. The board of directors of Sailun Group Co., Ltd. agreed that the wholly-owned subsidiary Sailun (Hong Kong) would invest an additional 1112.01 million yuan (US $171.08 million) to increase the annual production capacity of semi steel radial tires in Cambodia project to 9 million. After the additional investment of Sailun (Hong Kong), the total investment of the project is RMB 2289.63 million (US $352.25 million). Cambodia's annual output of 9 million semi steel radial tire project is located in chaizhen City, chaizhen Province, Cambodia. The construction progress of the project is 24 months.
The cooperation between mass transit and Aodong new energy in speeding up the power exchange mode in Shanghai and Yangtze River Delta. Aodong new energy introduced the operation and promotion of Shanghai market since it was officially launched on May 8 this year. At the meeting, the Olympic Games also reported the promotion of power exchange and the planning and construction of power exchange stations in Shanghai, Nanjing, Hangzhou, Hefei, Suzhou and other cities. At the meeting, the two sides also had in-depth exchanges on the monthly delivery schedule of tramcar replacement, site selection cooperation of power station replacement, operation data docking, battery maintenance service, exploration of vehicle electricity separation mode, etc.
Energy and chemical industry
Sinopec set up carbon fiber company. Shanghai Jinshan Petrochemical Carbon Fiber Co., Ltd. was wholly registered by Sinopec Shanghai Petrochemical Co., Ltd. The company is mainly engaged in carbon fiber technology research and industrialization as the main target, mainly engaged in carbon fiber new materials, downstream composite materials and other cooperative R & D and production, while carrying out carbon fiber and its products business market operation and after-sales technical services. Carbon fiber technology has strict technical barriers. Previously, only a few developed countries such as Japan and the United States owned and mastered it. Sinopec Shanghai is an early domestic enterprise that developed and industrialized carbon fiber. In January this year, China's first 48K large tow carbon fiber project was started in the company. After the project is put into operation, it will change the situation that China's large tow carbon fiber is totally dependent on imports and the supply exceeds the demand for a long time.
Kemira expanded investment to increase Asia Pacific production capacity. Kemira announced that the company plans to further expand the sizing capacity of Nanjing plant, build a modern and highly automated third production line in Nanjing production base, and open a new polymer dry powder production plant in Ulsan, South Korea, to further increase the production capacity in Asia. Yushan polymer dry powder new factory produces high quality cationic polyacrylamide products, which are mainly used for retention and drainage applications in papermaking, which is very important for the rapid production of modern paper and packaging board. The joint venture is jointly established by Kemira and Yongsan chemicals, a private chemical company in South Korea.
Dow recently joined the CDP supply chain program to track the climate impact of its supply chain and explore opportunities for CO decarbonization with suppliers. CDP supply chain program is an international non-profit organization focusing on environmental information disclosure, formerly known as Carbon Disclosure Project. The move is part of Dow's upgraded multi generational plan for sustainable purchasing. Dow announced its goal of "climate protection" in 2020 and committed to accelerate collaboration with suppliers, customers and value chain partners to ensure that Dow's ecosystem is carbon neutral by 2050.
PPG plays an active role in the field of new energy electric vehicles. Nie Xiaobing, general manager of PPG Greater China industrial coatings and global consumer electronics materials, said in an interview: "from the perspective of investment, we not only look at the short term, but also pay more attention to the long-term development in China, especially the development of high-end products in many industries. This is PPG's focus and positioning on the Chinese market." PPG's investment in China is usually the simultaneous promotion of capacity expansion and R & D innovation. It not only invests in expanding capacity to meet the demand growth of various coatings markets, but also invests in the construction of R & D centers to further enhance and strengthen the ability of technological innovation. According to Li nianbin, general manager of PPG Asia Pacific Automotive Parts coatings, in the post epidemic era, as people pay more attention to the environmental protection of new energy vehicles, new technologies are also more sought after. PPG in the auto parts market, new energy electric vehicle field is also actively layout.
Igor Sechin, chief executive of Rosneft, delivered a keynote speech on "global energy industry transformation" at the energy sub conference of the 24th St. Petersburg International Economic Forum. Igor Sechin said in his report that with the expansion of vaccination and the reduction of the impact of the epidemic on the global economy, the demand for oil will recover, and we must be prepared for this. The chief executive of Rosneft said that energy demand will continue to grow, and a new wave of viral diseases can only slow but cannot stop the process. However, due to insufficient investment, the long-term stability of oil supply will face risks. This is not only due to the requirement that all kinds of shareholders completely stop investing in the oil field, but also due to the hope that large companies will increase shareholder value and shareholder return through stronger dividend payment and share repurchase.
Send Email
SKYPE