China Industry: Mar. 12

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Mar. 12 – This is a regular series of relevant industry news from around China.

Wind power
U.S. anti-friction bearings maker Timken Company has signed a long-term, multi-year agreement to supply wind turbine gearbox bearings to China-based Nanjing High Speed Gear Manufacturing Co Ltd. Timken will supply tapered and cylindrical roller bearings for use in NGC’s wind power gearboxes. During the first phase of the agreement Timken expects to gain US$30 million of revenues, with additional growth anticipated after 2010.

U.S. Navajo Wind Energy Corporation is in discussions with Mingchuang Energy Manufacturing Co Ltd to set up a joint venture for the manufacturing of wind turbines. Furthermore, the two companies signed a turbine supply and purchase agreement for 80 wind turbines for the Navajo’s Xinjiang wind farm project

Air transport
American Airlines Inc, a subsidiary of AMR Corporation will relocate its operations in Shanghai, China, from Pudong International Airport’s Terminal 1 to Terminal 2 from Mar 29.

Hong Kong Air Cargo Terminals booked cargo volume of 133,624 tonnes for February, 22 percentless than the same period of 2008. Import cargo volume was 38,587 tons, down 20 percent. Export cargo declined 25.3 percent to 64,546 tons. Transshipment tonnage dropped by 17 percent to 30,491 tons.

Company officials from China Eastern Airlines Corporation Limited disclosed that the company could receive another government aid of RMB2 billion, pending government approval.

Shenzhen Airlines will initiate direct flights between Shenzhen and Bangkok, starting March 31. The company will also to start direct flights from Shenzhen to Southeast Asian cities, including Singapore and Hanoi.

Emirates Airlines will decrease the number of flights between Dubai and Beijing and between Dubai and Shanghai, effective March 29.

This industry report brief is courtesy of Aii Data Processing.