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The long-delayed petrol station joint ventures between Sinopec and Shell, Exxon Mobil and BP are likely to be formally agreed later this year, South China Morning Post said, quoting a Sinopec spokesman. Sinopec struck preliminary agreements with the oil giants in 2000 to jointly establish 1,500 petrol stations – 500 with Shell in Jiangsu province, […]

The international engineering and construction group Kvaerner announced that it had been awarded contracts worth US$12m to develop the Panyu Field in the South China Sea. The main contract, awarded by the local subsidiary of China National Offshore Oil Company, is for engineering design and supply of critical process equipment for a new-build floating production […]

Shareholders of Shanghai Yaohua Pilkington Glass have approved a plan to buy technology from its UK partner Pilkington to enable it to produce glass for flat-panel display screens, reported Bloomberg. Yaohua Pilkington will pay US$18m for a licence from Pilkington to make glass in thicknesses between 0.4mm and 1.1mm for liquid crystal displays. The screens […]

Royal Philips Electronics has formally opened two new facilities in Shanghai to manufacture flat glass for the liquid crystal display and optical storage activities of its components division. Located in the Waigaoqiao Free Trade Zone, the new factories will employ 250 people and utilise state-of-theart LCD manufacturing equipment. They will be capable of producing up […]

Toong-Rong Iron & Steel of Taiwan plans to build a stainless steel plant in Shanghai, said Shanghai Daily. The plant, which has yet to receive final approval, will have a capacity to produce 60,000 tonnes of stainless steel a year. It would be China’s third largest stainless steel plant after Shanghai Baoshan Iron and Steel […]