Sectors News Results

  • China Seeks to Consolidate Crowded Electric-Vehicle Industry

    China wants its electric-vehicle industry that supports hundreds of car makers to consolidate and strengthen its business, the country's top auto industry regulator said Monday. "The number of new-energy vehicles companies is too big, and the industry is full of small players and fragmented," Xiao Yaqing, minister for industry and information technology, said at a news conference on Monday. Beijing would encourage electric-car makers to merge and restructure, as the industry...

  • Solvay, Shinkong Join Forces to Serve Taiwan Semiconductor Market

    Solvay SA (SVYSF) said Wednesday that it has agreed on the creation of a joint venture with Taiwan's Shinkong Synthetic Fiber Corp. for the development and production of electronic-grade hydrogen peroxide. The new entity---which should begin operations in the first quarter of 2023 and will be called Shinsol Advanced Chemicals--will sell the chemical agent in Taiwan where the demand in the semiconductor industry is increasing, the Belgium company said. "The company aims to serve...

  • Singapore Manufacturers Expect Favorable Business Situation in Second Half

    SINGAPORE--Business sentiment in Singapore's manufacturing sector remains positive for the July-to-December period despite the Covid-19 situation and pressure on supply chains, the Singapore Economic Development Board said Friday. Overall, a net weighted 20% of manufacturers anticipate a favorable business situation for the period, the EDB said. A weighted 26% of manufacturers expect better business conditions, while a weighted 6% foresee a weaker business outlook.

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