China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Volvo Construction Equipment plans to build a design and technology centre that will concentrate on the development of products and components targeted at the needs of customers in the BRIC (Brazil, Russia, India and China) countries, as well as devising appropriate areas for co-operation between Volvo’s SDLG and Volvo brands. The approximately $40 million investment will see the centre built in Jinan, the capital city of Shangdong Province. A city of six million, it is home to a talent pool of engineers drawn from its universities and engineering focused industries. (more…)
