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French car manufacturer PSA remains profitable 2020-07-29
French leading car manufacturer PSA said on Tuesday that the company remained profitable during the first six months of 2020 in spite of sales plunging due to the COVID-19 pandemic."These past years we have stressed that for us that lowering the breakeven point is a clear st...
MoreStart with equipment to improve product competitiveness 2020-07-28
The production equipment of the product determines the performance. The inspection equipment of the product determines the grade and precision. The screening and packaging of the product greatly affects the production efficiency.The later environmental protection treatm...
MoreWorld crude steel production in June 2020-07-27
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s fig...
MoreIndustrial progress on track: regulator 2020-07-24
A textile company resumes work in Zaozhuang, East China's Shandong province, on Feb 20, 2020. [Photo/sipaphoto.com]China is capable of sustaining a relatively sound momentum in industrial development in the second half of this year, despite challenges from the COVID-19 pandem...
MoreTriMas Aerospace expands European footprint 2020-07-23
TriMas has announced that TriMas Aerospace has formed a strategic partnership with Kuehne + Nagel to establish a European logistics hub in Contern, Luxembourg. This expansion was driven by TriMas Aerospace’s new business growth in the region with customers – such as Airbus, Saf...
MoreWürth Group satisfied with performance during pandemic 2020-07-22
The Würth Group reported sales of €6.9 billion in the first half of 2020, down 3.1% over the same period last year, however its eBusiness share increased to 20%.Adjusted for currencies, sales dropped by 2.9%. Sales declined both in Germany (-0.5%) and, to a greater extent, abroa...
MoreMEFDA - More EFDA 2020-07-21
MEFDA is as a group specifically for fastener importers and distributors from European countries where there is no active national fastener distributor association to represent their interests.EFDA is still a very young group and was only founded in 2014 – originally by two memb...
MoreEurope's shift to electric vehicles picking up despite recession 2020-07-20
MercedesBenz Vision EQS electric car attracts attention at the 2019 Frankfurt Motor Show. [Photo provided to China Daily]FRANKFURT－The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-pow...
MoreChina's auto market maintains recovery momentum in June 2020-07-17
New vehicles are ready to be delivered to distributors at an automobile port in Dalian, Liaoning province, on March 26, 2020. [Photo/Xinhua]China's auto market maintained recovery momentum last month, with both production and sales registering double-digit growth, industry da...
MoreThe value of modern distribution 2020-07-16
In 2020 EFDA celebrates its 20th anniversary of representing the interests of fastener distributors at European and global level – bringing together active and established national associations and a growing number of independent distributors in other European countries.In ...
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