ABB has opened an engineering centre in Chongqing for its process automation division. The Europe-based supplier of power and automation technology said the new centre would integrate its engineering service resources in China. It will serve ABB’s local marine, crane, minerals, pulp and paper, metals, oil, gas, petrochemical and electrification business units.
Currently, ABB has 15,000 employees in China and operates 27 joint ventures and wholly owned companies. It has existing engineering centres in Beijing and Shanghai.
Tongling Nonferrous Metals Group made net profits of Rmb637m in 2008, down 38 per cent from the previous year. Its revenues stood at Rmb37.3bn, up 0.82 per cent.
The company is a major state-owned producer of copper, sulphuric acid and other products. It was among the world’s five largest copper cathode producers last year with an output of 800,000 tonnes.
Sinopec’s new 50,000 tons polyols project in Taicang is predicted to come into operation in May 2009. Construction of the Rmb100m project started at the end of last year.