| Chinese firm opens 100-mln-dlr pipe plant in Mexico |
| Thursday,October 29,2009 Posted: 21:02 BJT(02 GMT) |
| From:Xinhua News Article type:Reproduced |
MEXICO CITY, Oct. 28 (Xinhua) -- Chinese company Golden Dragon (GD) opened a 100-million-dollar copper pipe plant on Wednesday in the northern Mexican state of Coahuila, the biggest investment ever by a Chinese manufacturer in Mexico. The plant, which covers 200,000 square meters, will bring 900 jobs to Coahuila's city of Monclova. At the launching ceremony, GD's president Li Changjie said that he was confident that Mexico was a good place to invest. He added that the Monclova plant was part of a global strategy which would allow his company to meet the demand in North America and Europe. The firm currently has an annual capacity of 60,000 tons of copper tubes for air conditioners. It is currently training 300 Mexican workers and plans to boost the annual capacity to 120,000 tons when the new workers are in place. Also at the ceremony, the head of the Mexican trade promotion body ProMexico, Bruno Ferrari, said the new plant symbolized the confidence that major international firms had in Mexico and its competitive advantages, which included low industrial costs and anattractive exchange rate. The GD, founded in Xinxiang, China's Hunan province, has a total workforce of 10,000 and gross sales of more than 2 billion dollars worldwide. |
| (Source: English Site of Bulgaria) |
 | China probably not to extend favorable measures in property sector 2009-11-02 20:41 |
| China launches funds to back high-tech sectors 2009-11-01 20:45 |
| China approves feasibility report on delta bridge 2009-10-30 20:47 |
| China spends 717 bln yuan for public projects by end of August 2009-10-29 20:48 |
| China industrial profit down 9.1% in first nine months 2009-10-28 20:49 |
| China's growth benefits Chile copper export: report 2009-10-27 23:22 |
| Highland barley-brewed beer from China's Tibet enters U.S. market 2009-10-27 23:22 |
| Chinese company, Nigerian ministry sign agreements on Abuja-Kaduna Railway 2009-10-27 23:21 |
| Chinese economy expected to grow 9% in Q3: Experts 2009-10-27 22:34 |
| Chinese entrepreneurs have stronger confidence in Q3 2009-10-27 22:28 |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
