Category: plant
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a fourth straight session on Friday and posted their first weekly gain in five weeks, supported by tightening inventories, especially in the United States, and a fundamental risk premium around tensions in the Middle East. Analysts said A drop in initial…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
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By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…
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Volkswagen shares down after possible Brussels plant closure, profit warning By Reuters
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FRANKFURT (Reuters) – Shares of Volkswagen fell 1.5 percent in early Frankfurt trading after Europe’s largest carmaker issued a profit warning late on Tuesday over accusations related to the possible closure of an Audi plant in Brussels. Volkswagen said the costs of finding an alternative use for the Brussels plant…
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Fluor secures contract for German battery plant project By Investing.com
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IRVING, Texas – Fluor Corporation (NYSE: NYSE:) has been selected to provide engineering, procurement and construction management services for the first phase of Northvolt’s lithium-ion battery plant in Heide, Germany. The contract is part of a larger $4.8 billion project, with Fluor’s share of the contract value not disclosed but…
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Wolfspeed’s new factory reaches milestone, Durham plant incident affects outlook
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TomekD76/iStock via Getty Images wolf speed(New York Stock Exchange: Wolf) A new silicon carbide manufacturer in Mohawk Valley, New York, has reached 20% chip start-up, a critical milestone, but an incident at its Durham, North Carolina, facility prompted the semiconductor company to update its guidelines. Involved decreased 1% during Pre-market…
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Blow as AfDB exits Nairobi waste power plant project on delays
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The African Development Bank (AfDB) has exited a multi-billion shilling renewable energy project in Nairobi’s Kibera slum due to repeated delays in the procurement of services to kick-start the project. The continental lender had in January 2018 awarded Asticom Kenya Limited a grant of $995,000 (Sh128.8 million at current exchange…
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Bill Gates is ready to plow billions into his startup’s nuclear plant
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Bill Gates said he is ready to pump billions of dollars into a next-generation nuclear power plant project in Wyoming to meet the United States’ growing electricity needs. TerraPower LLC, a startup founded by Gates, began construction on its first commercial reactor last week in Wyoming, where a coal plant…
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Intel cash problems causing pause in new Israeli plant
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Intel Israel has asked several suppliers to halt work on the construction and expansion of its new Fab38 production plant in Kiryat Gat, which is set to be one of Intel’s most advanced factories worldwide and the largest chip-making plant in Israel. Channel 12 News reported earlier this week that…
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Intel suspends work on new Kiryat Gat plant – report
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Intel Corp (Nasdaq: INTC) has told a major infrastructure company in Israel to halt work on a factory expansion in Kiryat Gat. In the past few days, Intel sent messages requesting that the work be postponed, according to a report by Channel 12 News. The name of the company was…
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Singapore wins $7.8B chip plant from TSMC-backed company and NXP
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The small city of Singapore in Southeast Asia continues to attract billions of dollars in semiconductor investment, competing with larger economies trying to carve out their own share of the crucial chip supply chain. Vanguard International Semiconductor, a chip manufacturer backed by Taiwan Semiconductor Manufacturing Company, We will cooperate With…
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Top utility trade group joins litigation against new Biden power plant rule (NYSEARCA:XLU)
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DWalker44/E+ via Getty Images The largest trade group for electric utilities in the United States said this week that it is Join litigation To challenge the Biden administration’s new rules aimed at cutting carbon emissions from new coal and gas-based power plants. Edison Electric Institute said It supports the EPA’s…
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Fortescue Excluded From World’s Biggest Hydropower Plant Development
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Breadcrumb links PMN works A company owned by Australian mining billionaire Andrew Forrest will not develop the world’s largest hydropower project in the Democratic Republic of Congo, according to the office of President Felix Tshisekedi, who has replaced the company with a Nigerian oil producer. Article writer: Bloomberg News Michael…