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  • Tube bender helps BAE systems build sub2008-11-19 9:46:55

    A Unison tube bending machine is helping BAE Systems to fabricate complex part shapes required to build the UK's Astute Class nuclear-powered submarines. The all-electric tube bender features both right- and left-handed bending capability.This allows long and complicated tubular part shapes to be produced very rapidly and in a single stage.For BAE Systems this is a critical advantage, as the boat-

  • BLM offers programmable laser tube cutter2008-11-19 9:44:44

    Visitors to BLM Group's recent Intube event at the company's Ampthill Business Park, Bedfordshire, premises came face-to-face with the Adige laser tube cutting system. The BLM Adige LT 722D Lasertube comes with off-line programming software specifically developed for the machining of tubes.The Siemens Sinumerik 840D CNC allows the operator to manage all the main functions, including program downlo

  • IWM has large-size waterjet cutters2008-11-19 9:43:44

    International Waterjet Machines has announced the availability of large-size waterjet cutting machines. The company's most recently sold machine was 12m x 3m, with sizes ranging up to 30m x 10m.The waterjet machine is fully CNC controlled with servo motors.From now to the end of the 2008, IWM is offering discount to all large-size (larger than 4m x 2m) waterjet cutting machines. related catagory P

  • HSBC launches yuan debit cards in mainland2008-11-19 9:38:00

    HSBC Bank (China) Co yesterday launched its debit cards in 17 Chinese mainland cities.HSBC China card holders will also be able to use their cards at China UnionPay Co's domestic and overseas networks in about 50 markets after a deal signed yesterday.And HSBC-branded ATMs in 40 markets will also accept the new debit cards launched in China.The combined HSBC-UnionPay network offers the most extensi

  • Tough times ahead for local firms2008-11-19 9:36:31

    Chinese companies face difficulties over the next two years because of the global economic slowdown and rising prices, business leaders said on November 15.The real estate industry is one of the worst hit sectors. One-third of property developers have investments in the stock market which has seen a decline by more than 70 percent since its peak in October last year.The prediction is based on a su

  • Company closure figures disputed2008-11-19 9:33:56

    Official figures show that only a little more 7,000 companies in Guangdong province closed down or moved out in the first nine months of this year, and not 50,000 as reported in the media."Statistics compiled by the administration for small- and medium-sized enterprises (SMEs) of Guangdong, show a total of 7,148 companies closed or moved out from January to September," Liu Huanquan, dire

  • Global China Business Meeting opens in Barcelona2008-11-19 9:32:38

    The annual Global China Business Meeting opened here Monday to discuss how Chinese companies can help ward off a global recession amidst the current international financial crisis.Speaking at the meeting's opening ceremony, Spanish Minister of Industry Miguel Sebastian praised China's role in stabilizing the world economy amidst the crisis.The minister said "China has become one of the major

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