Top News

China's imported goods, services estimated to exceed 40 trillion USD in next 15 years: Xi Jinping

05 Nov. 2018
Source: Xinhua
Published: 2018/11/5 10:26:12

Chinese President Xi Jinping said Monday that China's imported goods and services are estimated to exceed 30 trillion US dollars and 10 trillion US dollars, respectively, in the next 15 years.
Xi made the remarks when delivering a keynote speech at the opening ceremony of the first China International Import Expo in Shanghai.
Xi said measures announced in April to relax market access have been so far implemented. China has further simplified negative list of foreign investment, reduced investment limits and lifted the level of free investment.
China is taking solid steps to expand financial opening-up, continue to advance opening-up in the service sector, deepen opening-up in agriculture, mining, manufacturing, and accelerate the opening-up process of sectors including telecommunications, education, medical treatment and culture, Xi said.

Top Story

Volkswagen Is Coming to Pakistan

14 Nov. 2018

Volkswagen has finally announced their entry in the Pakistani market, after months of speculation in the local automotive industry.
The news first made headlines during the weekend that the German automaker Volkswagen has signed the final legal agreement with their local partner Pakistan Premier Motors Ltd (PML). The agreement stipulates that Premier Motors will be setting up a production plant to assemble CKD units in Karachi under license from Volkswagen.
The news comes as a huge breakthrough for the country's auto sector as Volkswagen is considered one of the world's largest automobile companies globally.
It should be noted that the two companies first signed a letter of intent (LOI) back in June 2017. Since then, there has been hype in the sector about German automaker's arrival. After a wait of more than a year, the German company has finally decided to bring investment and its products to Pakistan.
This development is expected to contribute to the country's economy and spur more competition in the auto industry. Consumers will also have more choices than ever when it comes to which car brand they should go for. The Commercial Section, Berlin, has been actively engaged with the VW and PML for the last two years.

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Headline News

Source: Web news
News 07.11.2018
Astra Polymers is now authorized by the Saudi Standards, Metrology and Quality Organization as the first Saudi manufacturer in KSA as specialized OXO-Biodegradable material manufacturer! This is indeed a great achievement as we keep to our promise on delivering high quality sustainable product and solutions which are equally effective and gentle to the environment at the same time.


Vetaphone versatility opens new markets for Coveris
News 07-11-2018
Coveris Americas (formerly Coveris Advanced Coatings) has installed Vetaphone corona systems at its manufacturing plant in Matthews NC as part of a strategic plan to standardize production with its sister company in the UK. Speaking for Coveris, Stephen Barnette, Production Manager at the Matthews facility commented: "We have four Vetaphone units in the UK, the first being installed in 2005, and our British colleagues were instrumental in helping us to standardize corona capability here in the US as more work switches over to balance capacity." Read More

Bobst Group continues its transformation and investments for the future, and announces changes in the Group Executive Committee
Source: Design News
News 07.11.2018
Bobst Group continues investing for the future and confirms its strategic priorities based on growth, innovation for digital printing, IoT and digitalization of its core business processes. The Group Executive Committee is evolving and Erik Bothorel will leave the Group Executive Committee by end of 2018. Stephan Marz, current Head of the Business Unit Services, will take on responsibility for Business Unit Web-fed as of January 1, 2019, while Julien Laran, current Head of the Supply Chain and Operations within the Business Unit Services, will be appointed Head of Business Unit Services as of January 1, 2019.

Clariant and Neste take important step towards a more sustainable future. Agreement for new partnership turns renewable feedstock into raw material for hot-melt adhesives, plastics and coatings applications

06th Nov. 2018

Muttenz, November 6, 2018 - Clariant, a world leader in specialty chemicals, has signed an agreement for a new partnership with Neste, the world's leading provider of sustainable renewable diesel and an expert in delivering drop-in renewable chemical solutions. By using Neste's renewable hydrocarbons in its product development, Clariant increases the number of products in its portfolio that are derived from renewable raw materials. As a result, sustainable solutions become more accessible to a variety of industries,including adhesives, plastics and coatings. Read More

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