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《广东自主创新规划纲要》日前公布，《纲要》提出在东莞等地建设集研发、企业孵化、人才培养和先进制造等功能于一体的国家级高科技社区和产业化基地。

《纲要》并支持东莞等有条件地区探索与香港联合建设高新区，以及推动高新区成为拥有众多自主技术和国际品牌的现代化高地，形成国际一流的科技园区和创新型产业集群。

东莞市常务副市长冷晓明在接受记者采访时透露，莞港两地将 联合建立国家级科技园区，并将落户东莞松山湖。鼓励香港研发服务机构在园区设立研发、服务、培训机构，促进香港制造业高端环节、创新型中小企业向东莞转 移；联合香港生产力促进局，做好在莞港资企业升级转型“一站通”服务项目和“清洁生产行动”。

每日新闻跟踪报道，厦门象屿免税区，象屿物流园区和东渡港区已相互完成整合。

去年，象屿免税区实现物流收入4.61亿美元，贸易收入16亿美元。

东渡港区在建设中有22个生产性深水泊位和3个5万吨级深水泊位。

在2007年，货物吞吐量达2868万吨同时集装箱吞吐量达241万标箱，占厦门市港口集装箱总吞吐量的52.2％。

Shipping giant China Cosco Holdings will add 64 vessels to its fleet of 144 container ships this year to meet rising demand.

China’s top shipping liner plans to raise its 2008 capital expenditure by 37 percent to US$3.32 billion to expand its fleet and port investments.

China Cosco’s net profits more than doubled last year, shooting up 134 percent to bring in $2.78 billion, compared with $1.14 billion in 2006.

The significant increase in profits was mainly attributable to China Cosco’s acquisition of a subsidiary owned by its parent company, Cosco Group, which owns the world’s largest dry-bulk shipping fleet.

Source: Cargo News Asia

American mining equipment manufacturer, Bucyrus International Inc, entered into a preliminary agreement in late April 2008 with Huainan Mining Industry Group for a possible joint venture in China’s Anhui Province.

The preliminary agreement lays groundwork for Bucyrus’ potential controlling interest in a joint venture for a new manufacturing plant that would initially build belt systems and armored face conveyors for resale on a preferential basis to Huainan Mining, as well as to third parties. The joint venture could eventually manufacture and sell additional underground mining equipment as well, Bucyrus said in a news release.

“The first step in a resulting joint venture will extend our market coverage and provide us with a low-cost manufacturing base in China,” said Tim Sullivan, president and CEO of South Milwaukee-based Bucyrus International. “Huainan Mining will benefit from the higher technology of our products, and the region will gain through the development of a high-technology manufacturing base.”

With both companies emphasizing the preliminary agreement is an initial step, they expect that equipment manufacturing and sales could begin within about nine months of completion of the joint venture.

Bucyrus International (NASDAQ: BUCY) designs and manufactures mining equipment for the surface and underground mining industries.

Source: The Wisconsin Business Journal

Regal Beloit Corp. has recently acquired Joyce Court Holdings Ltd. and Grand Delight Investments Ltd., sole shareholders of Wuxi Hwada Motor Co. and Wuxi New Hwada Motor Co. in Wuxi, Jiangsu province.

The firms were purchased in late April 2008 for US$27.6 million in cash and the assumption of approximately US$8 million in net liabilities. Additionally, under the terms of the transaction, the company will pay to the seller up to US$8.5 million received by the company in the future upon the sale of certain real property rights owned by Hwada.

Hwada is one of China’s leading designers and manufacturers of Integral IEC and NEMA electric motors, which are used in various industrial applications such as compressor, pump, paper and steel processing, and power plants. Approximately 50 percent of Hwada’s product sales are in China’s domestic industrial markets. The other half are exported to Europe, the United States and Southeast Asia. The business will be reported as part Regal Beloit’s electrical segment. The acquired businesses are expected to add approximately US$75 million to US$80 million in sales for the Beloit-based company.

Henry Knueppel, chairman and chief executive officer of Regal Beloit, said, “We are very excited to announce the acquisition of Hwada. This is another significant, strategic-focused expansion of our industrial business in high growth markets. Hwada is currently one of the top industrial motor companies in China. It enjoys a reputation of product excellence and rapid growth and comes with an excellent management team.”

Source: www.biztimes.com