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China’S Boe And Csot Slash Lcd Production As Tariffs And Subsidy Cuts Bite
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Major Chinese display panel manufacturers like BOE and CSOT have started reducing their LCD output due to U.S. tariffs imposed during President Donald Trump’s administration, which impede exports to the American market, according to industry insiders. As businesses shift their focus towards Europe and Asia, experts indicate that obtaining new clients swiftly continues to…
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Nippon Steel Foresees 43% Drop In Fy 2025 Profits Due To Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…
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Chinese Group BTR Sees $1.2B Annual Revenue Boost From Morocco Operations
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BTR, which produces cathode and anode materials for lithium-ion batteries as part of the China Baoan Group, anticipates earning around $1.2 billion annually from its Moroccan facilities when production begins next year. This projection was shared by Peter Yang, who serves as BTR’s General Manager in Morocco, during an interview with Asharq Bloomberg. The…
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Sailing Into a New Era of Global Shipping: Unity Sets Sail Worldwide
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L-R: Eric Johan (General Manager, Stena Bulk USA), Mr. Rotimi Makanjuola (Chief Operating Officer, Caverton Offshore Support Group, COSG), Erik Hannel (CEO, Stena Bulk), Mr. Dapo Segun (Chief Financial Officer, NNPCL), Mr. Olabode Makanjuola (CEO, COSG), Mr. Bayo Ojulari (Group Chief Executive Officer, NNPCL), Mr. Mumuni Dangazau (Executive Vice President, Downstream), Mr. Panos Gliatis…
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Dangote Packaging Sets Record: Produces 52 Million Polypropylene Bags Monthly
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Dangote Packaging Limited (DPL) intends to broaden its horizons by entering the African export sector after enhancing its production capabilities through the installation of new equipment at its two manufacturing facilities. Mr. Robert Ade-OdiACHI, who serves as the Chairman of DPL’s Board of Directors, revealed this information at a recent strategic board meeting, as…
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Lychee Production Set to Soar 30% This Year – International Edition (English)
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Vietnam is set to produce an estimated 303,000 tonnes of lychee this year, a 30% increase compared to 2024, according to the Plant Production and Protection Department under the Ministry of Agriculture and Environment. Favourable weather conditions and proper disease control are attributed to the increased production. Of the total output, about 165,000 tonnes…
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How French Tech Could Cut China’s Dependence on Imported Aluminum Ore
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A plant in Shanxi is being upgraded so that it can produce aluminium from low-grade bauxite that was previously unusable China is a top aluminium producer and consumer but it lacks the high-quality bauxite needed to make it. The country instead relies on imported aluminium ore from Guinea and Australia – but that could…
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Nippon Steel Foresees 43% Drop in FY 2025 Profits Due to Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…