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China is shutting down its factories to save power. Data from Everstream Analytics, a supply chain data and risk analytics provider, show a sharp rise in factory shutdowns in China over the past week.
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The announcement that Volkswagen management is considering closing plants in Germany is a shock because the company has never closed a German plant in 87 years. The last plant VW closed anywhere in the world was the Westmoreland County, Pennsylvania, facility in 1988. ... The rapid growth of Chinese electric vehicle production has cut into VW's ...
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In a statement, China's Ministry of Environmental Protection (MEP) says a total of 1,930 lead battery production, assembly and recycling plants have been inspected as of July 2010. ... According to the MEP, many of the plants were closed because they had small production scales and poor technical standards, while others were closed for ...
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Foxconn is closing factories in China as iPhone production moves elsewhere, and impacts beyond industry have been made crystal clear in a new video. ... A local man told the report the plant ...
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At the end of October, Samsung Electronics, the world's leading smartphone producer, shut down its last remaining mobile phone factory in Huizhou, China. The factory previously manufactured 63 million phones every …
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Ahead of its anticipated fourth-quarter and full-year earnings report this Thursday, Mattel has revealed that it closed two more manufacturing facilities. Speaking to the Wall Street Journal, the El Segundo-based toymaker …
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Honda to close two plants in China. GlobalData . Thu, Jul 25, 2024, 1:52 AM 2 min read. In This Article: HMC .
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Honda will close a plant operated through its joint venture (JV) with Chinese state-owned automaker Guangzhou Automobile Group in October, a company spokesperson said. The automaker has made the Accord sedan model at the plant, which was opened nearly two decades ago and has an annual production capacity of 50,000 vehicles.
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China independent refiners' hub closes small plants in industry upgrade 11/2/2021 9:58:58 AM China's coastal province of Shandong is expected to shutter refineries with daily capacity of more than half a MM bbls by the end of 2022 to make way for a new petrochemical complex, a provincial official and industry sources said.
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BERLIN — German carmaker Volkswagen plans to close plants in its home country for the first time in the company's 87-year history, potentially leading to tens of thousands of layoffs, elected ...
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He is pointing out that China has lost many attractive qualities that previously made it a global manufacturing hub, resulting in many foreign manufacturing plants shutting down. Now, rising labor costs, increasing rental costs, high taxes, and factors related to the US-China trade war, suggests that China is not a suitable manufacturing hub ...
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Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing "economic reasons."
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Motor is considering suspending production at its oldest plant in Beijing because of falling sales and overcapacity in its biggest market, which contracted last year for the first time in...
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Volkswagen's vast empire is showing signs of cracking.. Why it matters: As the second largest automaker in the world, VW remains a powerful force in Europe, the U.S. and China in particular — but the company's size is turning into a problem. Driving the news: The German company says it may close plants in its home country amid what CEO Oliver Blume …
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Two factories in Germany have already closed. This dual dynamic had already led the Group to close two sites in Germany last year. In total, and without taking into account Tuesday's announcements, Michelin has reduced its production capacity by 10% and its workforce by 5% since 2018, according to UBS calculations.
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Japan's Honda Motor will close a factory in China and halt vehicle production at another plant, the automaker said on Thursday (Jul 25), as it seeks to start producing more electric vehicles amid ...
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Trump says the United States has lost 6 million manufacturing jobs because of China. Economists say he's onto something but shoots wide of the mark. ... to privately owned manufacturing plants ...
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Volkswagen's crisis: company cuts costs and closes plants in Germany. ... China. Investments in China. While in Germany Volkswagen has imposed a 10 billion cut plan on its employees, in the Asian giant it is doing big business. The German company has started several joint ventures in China, such as Volkswagen Anhui Automotive with the Chinese ...
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Lonza has confirmed that it will shutter a biologics production plant in Guangzhou, China. The site was opened in 2021 and employs 400. This closure, along with Lonza's plan to …
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Volkswagen on Wednesday (Nov. 27) said that it will close its exiting plant in China's Xinjiang region after the company and its Chinese partner agreed to sell the asset to a Shanghai government-owned buyer, two people familiar with the issue said. The German automaker had a joint venture assembly plant in Urumqi, the capital of Xinjiang. Moreover, it …
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According to data from the Global Coal Plant Tracker, China has closed around 150 large coal plants since 2000, as well as numerous smaller plants using outdated technologies and producing substandard emissions. 4 However, to reach its climate target, China must close nearly 600 coal-fired power plants within the next decade. 5 Despite the ...
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(Reuters) -Japan's Honda Motor will close a factory in China and halt vehicle production at another plant, the automaker said on Thursday, as it seeks to start producing …
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KETTERING, Ohio (WKEF) -- (UPDATE) One of the largest employers in Kettering, Tenneco announced today it's closing the plant in 2023, putting 648 local jobs on the line. The company says they're sending those jobs to China and Mexico. Workers at the plant, Dayton Mayor and Gubernatorial candidate Nan Whaley, and Representative and Senate …
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A 2021 Jeep Grand Cherokee L goes through assembly at the Stellantis Detroit Assembly Complex-Mack on June 10, 2021. The plant was the first new auto assembly plant in Detroit in 30 years.
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China's coastal province of Shandong is expected to shutter refineries with daily capacity of more than half a million barrels by the end of 2022 to make way for a new petrochemical complex, a ...
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After many warnings regarding Volkswagen's financial situation, the car giant has decided to close at least three plants in their home country, cutting thousands of jobs, and decreasing pay by 10% for the remaining staff. It will be the first time the company closes a plant in Germany in its entire 87-year history.
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Estimates of the crackdown suggest as much as 40 percent of China's factories have been temporarily closed by safety inspectors, with officials from more than 80,000 factories charged with criminal offences for breaching …
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The new rule will expand U.S. powers to curb exports of chipmaking equipment by U.S., Japanese and Dutch manufacturers made in other parts of the world to certain chip …
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Lonza closes plant in China but CDMO's sales signal an uptick in industry Lonza has confirmed that it will shutter a biologics production plant in Guangzhou, China. The site was opened in 2021 and ...
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Chinese officials said Wednesday that they have shut down 180 food manufacturers so far this year after finding such potentially toxic ingredients as formaldehyde in candy, pickles, biscuits and ot…
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That's because the iconic candy company closed its historic Hershey's East plant in its namesake Pennsylvania town, idling some 600 Bakery Workers (BCTGM) members.
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Automotive supplier Webasto is shutting down its production in China. The German company has already closed two plants in China in 2024.According to reports in the German newspapers Handelsblatt and Boersen-Zeitung, Webasto is planning to downsize another site due to declining turnovers following a weak automotive market. This will reduce the number of …
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Idemitsu Kosan plans to close a small bisphenol A plant, also by October, because of oversupply in the region. How long the world takes to absorb the new capacity from China will depend on the ...
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Tesla halted assembly lines in its factory in Shanghai at the behest of local authorities as the specter of pandemic-related lockdowns stifling economic growth returned to …
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AppleInsider has learned that as Apple's operations have moved elsewhere, manufacturing capacity was freed elsewhere in China, leading to this plant's closure. A local man told the...
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Chinese authorities have shut thousands of raw material and chemical ingredient plants since the country's Ministry of Environmental Protection (MEP) last year promised to tackle air pollution ...
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