Industrials

In April this year, a delegation led by Zhanjiang City Mayor Jiang Jianjun visited the headquarters of BASF in Ludwigshafen, Germany. He was blown away by what he saw. Its “Verbund” site is the largest industrial...

China’s HNA Group said Wang Jian, a chairman and co-founder, died during a business trip to France on Tuesday after a serious injury caused by a fall, Reuters reports. HNA, one of China’s most acquisitive conglomerates...

Chinese-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the US-China trade dispute could undermine plans to create up to 4,000 more auto jobs in the heavily...

General Electric Co. has lost its spot in the Dow Jones Industrial Average after over a century in the blue-chip stock index, a new blow to a company that once towered over the American business landscape...

How much do you know about Industry 4.0? Is it about automated factories where robots do the work? Well, not quite. Without data collection and analysis, such a system cannot be called Industry 4.0. At the...

General Electric Co. is nearing a deal to merge its transportation business with Wabtec Corp, a US maker of equipment for the rail industry, Reuters reports, citing sources familiar with the matter. A deal valuing the...

Xerox Corp announced that it is ending a planned US$6.1 billion deal with Japan’s Fujifilm and that it has reached a settlement with activist investors Carl Icahn and Darwin Deason. The company also said in a...

Li Ka-shing, Hong Kong’s richest man, on Friday announced that he will step down as chairman of his business empire later this year but stay on as a senior adviser. He will be succeeded by his eldest...

The imposition of a 25 percent US tariffs on steel imports has raised fears of a global trade war but steel producers outside North America believe they can weather the storm without too much disruption to...

Russian billionaire Oleg Deripaska plans to step down from his roles at aluminum giant Rusal and energy firm En+ Group, Reuters reports, citing sources familiar with the matter. Deripaska has decided to relinquish direct operational control...

US President Donald Trump said on Tuesday that he is weighing a range of options, including tariffs and quotas, to address steel and aluminum imports that he said were unfairly hurting US producers.  During a meeting at...

Samsung Electronics’ ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an 8.2 billion won (US$7.5 million) tax evasion case that involved the use of bank accounts held by...

A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year’s detention amid a corruption scandal that brought down the former...

US securities regulators are probing a massive insurance charge recently announced by General Electric Co., the latest blow to the nation’s largest industrial conglomerate as it struggles to reverse steep declines in some of its units...

General Electric Co. is considering breaking itself up after a sharp shortfall in profits last year, the Wall Street Journal reports, citing chief executive John Flannery. Flannery said the Boston-based group is re-evaluating its strategy and...

Andrew Ng, co-founder of some of Alphabet Inc.-owned Google’s most prominent artificial intelligence projects, launched a new venture with iPhone assembler Foxconn to bring AI and so-called machine learning onto the factory floor, Reuters reports. Consumers...

General Electric Co. said it is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company, Reuters reports. The US company launched the cuts...

Leading Chinese automakers like Geely and Great Wall Motors have set their sights on the mid-range market, which used to be dominated by mainland joint ventures with international car brands. China’s high-end car market is largely...

General Electric Co.’s new chief executive, John Flannery, on Monday outlined steps that will turn the giant industrial conglomerate into a smaller, more focused company. Flannery said he will pare GE down to three core businesses: power,...

Zhongwang USA, an investment firm backed by Chinese tycoon Liu Zhongtian, has called off its planned acquisition of US aluminum maker Aleris Corp. after failing to win US government approval, Reuters reports. The companies said the US$2.33...