Search Results for: South Africa

BY MARK ROWE
OIJ Paper Co, Japan’s largest paper producer and the world’s second largest producer, is to launch a US$1billion expansion in production capacity in south-east Asia and China over the next five years. The company aims to raise production from its current rate of 60,000 tonnes a year of pulp and paper to a total of one million tonnes during that period.…

BY RICHARD HURST, in Johannesburg
SOUTH African textile company Glodina has announced that it has retracted its proposed merger with competing company Zorbatex. The announcement follows allegations of “misrepresentations” about Zorbatex’s financial affairs.

Spokesman for Glodina, Paul Schouten, would not comment any further on the problems, only adding that concerns about Zorbatex’s performance had surfaced after the merger agreement had been concluded, but before the implementation date.…

KEITH NUTHALL
THE EUROPEAN Investment Bank has lent Euro 190 million to Danish electricity supplier and distributor Eltra, money that will be especially targeted on boosting renewable energy production and consumption in this environment-friendly country.

Eltra is a non-profit co-operative society wholly owned by 47 municipal and consumer-owned electricity distribution companies in Denmark.…

BY MATTHEW BRACE
THE SEAS around Australia are among the cleanest in the world, partly thanks to the ingenuity of local scientists, who are pioneering two projects to ensure local waters remain healthy, while assisting other more stressed ocean regions.

One involves an electronic mapping system developed by the Australian Marine Safety Authority (AMSA), which is being used to predict the effects of dangerous chemicals in the ocean.…

BY RICHARD HURST
SOUTH Africa’s Anglo American has announced that it has acquired a controlling share in Russian pulp and paper company Syktyvkar for US$252 million, with the company’s subsidiary Mondi Europe buying a 68 per cent stake, leaving Anglo with 87.9 per cent of Syktyvkar’s stock.…

Keith Nuthall
THE INDIAN government has abandoned its appeal against last December’s World Trade Organisation ruling that it had broken global commerce rules by insisting that auto-manufacturers within its territory not only promise to buy some components locally, but that they export products of an equal value of imported inputs.…

BY KEITH NUTHALL
THE NETHERLANDS Shipbuilding Industry Association (VNSI) has welcomed the oncoming agreement of the Euro 16.2 billion EU Sixth Framework Programme for research as giving the European industry a chance to compete effectively against far East suppliers, such as those from South Korea.…

BY MATTHEW BRACE
A NEW oil spill response atlas (OSRA) has been developed in Australia which should help the petroleum industry minimise coastal and marine environmental pollution from oil spills.

The electronic mapping system developed by the Australian Marine Safety Authority (AMSA) measures and tracks the size, speed and direction of slicks.…

BY SWINEETHA DIAS WICKRAMANAYAKA, in Columbo
A SHELL company in Sri Lanka has announced that it has tapped into a lucrative latent demand on the tropical south Asian island for solar electricity systems, installing 5,400 units out of around 10,000 in the country in its first two years of operation.…

BY KEITH NUTHALL
THE UNITED States has lost an appeal lodged against a negative disputes panel ruling at the World Trade Organisation over definitive safeguard duties that it had imposed on imports of circular welded carbon quality line pipe from South Korea.…