Monday, December 22

Israel will open the world's first power generated road

Scientists said that Israel had find a new power generation method that via the moving of vehicle to allow the streets and highways to generating.They will be open up a world's first generation of the road in January 2009, every car on the road traveling 1 mile (1.6 kilometers) will be produced more than 640 kilowatts of electricity, enough for 12 small power motor vehicles.

This road work in the power generation could be similar to the dance floor in the London nightclub . When traveling on the road, the car will be squeezed micro piezoelectric crystals to produce a small amount of electricity. If thousands of piezoelectric crystals were implanted surface of the road can be a great power. Have a current can be transferred back to the national power grid or used for lighting and heating. To participate in the study of Israel's R & D is also used for railway and the airport moving walkways similar to the system.

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Sunday, December 21

Fastener enterprises to appeal anti-dumping sanction

Chinese fastener enterprises are to work together to appeal against the EU's anti-dumping sanction, according to Feng Jinyao, director of China Fastener Association.

The European Commission voted earlier this month to impose anti-dumping duties of 63 to 87 percent on China-made fasteners over the next five years. The vote must be approved by the trade ministers of the 27-nation bloc within a month, before it comes into force.

This is one of the largest anti-dumping investigations that the EU has instigated against China. As a result, the fastener industry in China could lose over 400 million euros a year, and 800,000 workers could be made redundant.

"This is devastating for enterprises like us," said Yu Liangbin, an exporter based in Zhejiang, who each year exports over $10 million worth of goods to the EU. Yu said many enterprises are thinking about turning to other markets to avoid the trade sanction by EU.

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Tuesday, December 16

China raises machinery subsidies to help farmers

China's State Council, or cabinet, said on Thursday that the central government would allocate 10 billion yuan ($1.46 billion) in subsidies for agricultural machinery purchases next year to help farmers and returning migrants.
At an executive meeting presided over by Premier Wen Jiabao, the council said that "to provide such subsidy could raise the country's agricultural mechanization level and boost the development of the farm machinery industry and economic development".

The amount of the subsidy was 6 billion yuan more than in 2008, and it will be available to farmers and farm workers across the country.

This plan was another important way to boost domestic demand apart from providing subsidized household appliances for farmers, said the meeting.
The government promised to grant a 13-percent subsidy for farmers' purchase of household appliances including color TV sets, refrigerators, mobile phones, washing machines and freezers starting in December 2007.

"China should take more active measures to create jobs and lay special importance on the employment of migrant workers, as some domestic enterprises ran into production and operation difficulties amid the adverse impact of the global financial turmoil," said the meeting.

"China should take more active measures to create jobs and lay special importance on the employment of migrant workers, as some domestic enterprises ran into production and operation difficulties amid the adverse impact of the global financial turmoil," said the meeting.

Local governments should streamline the procedures involving land use, taxation, business registration and other functions as well as providing better financial services to help migrant workers who return home to start businesses, said the meeting.

Local authorities should also ensure migrant workers are promptly paid by employers, provide them with good social security services and protect their land contract rights as they return to their rural homes, according to the meeting.

China has about 210 million migrant workers who have left their rural hometowns to work in cities and towns.

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Monday, December 15

Garmentech - Intl clothing machinery trade fair from Jan 13

8th international Garment & Allied Machinery and Accessories trade show is going to be held on 13-16 January 2009 at Bangladesh China Friendship Conference Centre, Dhaka. Zakaria trade and fair international of Bangladesh and Zak Trade Fairs & Exhibitions Pvt. Ltd. of India is jointly organizing this mega event attracting more than 250 international companies all over the world and expecting draw attention of more than 30000 visitors from Dhaka & neighboring region.

ZAK Garmentech Bangladesh has emerged as the premier international Apparel Technology Trade Show of Bangladesh. It has served as an ideal platform for the Bangladesh apparel industry to update and upgrade their technology.

Mr. Tipu Sultan, General Manager of Zakaria trade and fair international said “ Our country’s main export product is garments and this trade is rapidly progressing and modernizing. If we stand this trade is international market than we need new technology & for this reason the international apparel & technology fair Garmentech is held.”

More than 250 exhibitors of 30 leading Garments Technology manufacturing countries all over the world will attend with their latest technology related with sewing, knitting, Embroidery, Laundry, Finishing, Dyeing, Cutting Machines, CAD/CAM and leading Accessories and Support services sector.

The main objective to organize this fair is to provide the Bangladesh garment industry a form to develop new alternate sources of suppliers, make new contacts and to discover and capitalize on the new opportunities that will be brought to the industry by means of this trade fair.

It's a perfect meeting place for buyer and seller related with garments sector. Producer, exporter & importer of world famous garments machinery from USA, Europe, Canada, China, Japan, Germany, Italy, India, Korea will participate in the trade show which had already been conformed to the organizer.

This technology fair for the first time can accommodate more than 250 exhibitors, all leading names in the respective field under one roof, making it the largest technology trade fair in Bangladesh beating out own record.

At the 7th edition of ZAK Garmentech Bangladesh in 2008 had world's leading technology players and attracted over 20000 visitors related with ready made garments and textile industry from Bangladesh, India, China, Korea, Pakistan, Europe, Canada, Singapore, Taiwan, Honking, Sri-Lanka, Malaysia and many other countries participate with their technology & products.

It is not only helpful to create public awareness but also helpful to create new opportunities for our Garments sector with a great tune to protect our Garments and Textile Industry since 2002 ZAK Trade Fairs and Exhibitions Pvt. Ltd. are continuing to organize such a trade show.

GARMEN-TECH CONCLAVE: Unveiling the Tech Directions, 14th, January 2009, Media Centre, BCFC Centre, Dhaka, Bangladesh.Garmen-Tech Conclave is a platform which will unveil the TECH directions for the future. Conceived and executed by GarKnit World,- a journal on the garment and knitting technology, this arena provides a synopsis of what’s in store for the industry in terms of technology, products & services.

At Garmen-Tech Conclave, will be A/V presentations, interactions, technical information and panel discussions by leading global technology providers on what is the latest from them in terms of technology, innovation and eminent experts will speak on the press concerning for the industry and try to provide solutions to the problems faced by the industry in the area of quality and productivity.

At pre-identified slots technical personnel will be making presentations to a group Explaining about their products, technology, services and subsequently inviting them over to their booth for further detailed interaction or live demonstration. So far leading technology players like Juki, Naomoto, Viet have confirmed their presence at the conclave.

The emphasis of the Garmen-Tech Conclave is educate and update professionals in the apparel and knitting industry on the latest in apparel making & Knitting & Embroidery, Finishing & Laundry, CAD/CAM industry.

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Tuesday, December 9

Japan Machine Orders Fall 4.4% as Recession Deepens

Japanese machinery orders fell in October as the deepening global recession choked off demand for the country’s cars and electronics.

Orders an indicator of capital spending in the next three to six months, slid 4.4 percent from September, when they rose 5.5 percent, the Cabinet Office said today in Tokyo. Bookings received from abroad, which are excluded from the headline figures, tumbled 37 percent, the biggest drop in five years.

Falling profit for Japan’s exporters has driven the Topix stock index down 44 percent this year and forced the country’s biggest companies to slash production, fire workers and cut spending. Sony Corp. said yesterday it will eliminate 16,000 jobs and reduce capital investment in its electronics business by 30 percent over the next two years.

“It’s inevitable that business investment will keep falling because the drop in overseas demand is so huge,” said Yasuhide Yajima, a senior economist at NLI Research Institute in Tokyo. “The reduction in investment and jobs will make Japan’s recession very deep and prolonged.”

The Topix index of machinery makers lost 0.3 percent as of 10:41 a.m. in Tokyo, compared with a 0.3 percent increase in the benchmark stock gauge. Komatsu Ltd. and Mitsubishi Heavy Industries Ltd. led the declines.
The yen traded at 92.50 per dollar from 92.24 before the report. Japan’s currency has climbed 15 percent since September, compounding exporters’ woes by eroding the value of their earnings made abroad.
Shrinking Economy

The world’s second-largest economy shrank at an annual 1.8 percent pace last quarter, a report showed yesterday, as businesses cut spending and inventories. The recession has since deepened: in October, exports fell at the fastest pace in seven years, production slumped, job prospects fell to a four-year low and household spending tumbled for an eighth month.

Morgan Stanley today cut its outlook for Japan, saying gross domestic product will shrink 2 percent next year, matching the country’s “postwar nadir” of 1998. The impact of the global financial crisis on the economy “is worse than we envisaged,” said Takehiro Sato, chief Japan economist at Morgan in Tokyo.
The Bank of Japan’s quarterly Tankan survey next week will show sentiment among large manufacturers fell the most in 34 years, according to economists surveyed by Bloomberg.

“Japan’s economy is in far worse shape than feared,” said Glenn Maguire, chief Asia-Pacific economist at Societe Generale SA in Hong Kong. “The contraction in capital spending is therefore likely to be particularly severe in the fourth quarter.”

Tool Orders Plunge
The monthly drop in orders was in line with economists’ estimates for a 3.9 percent decrease. Year on year, orders tumbled 15.5 percent, the steepest decline since June 2007.

November bookings for machine tools slid the most in at least 21 years, plunging 62 percent from a year earlier, the Machine Tool Builders Association said yesterday.

Mitsubishi Chemical Holdings Corp. will cut equipment investment 27 percent to 430 billion yen ($4.6 billion) by March 2011, the Tokyo-based company said yesterday.

The Bank of Japan forecasts business investment will stay sluggish for the next several quarters. The central bank cut its benchmark interest rate to 0.3 percent in October, the first reduction in seven years, and some economists predict a return to zero rates in coming months.

“Monetary policy will take on more of the character of fiscal policy, under pressure from the markets,” said Morgan Stanley’s Sato. “We envisage two further rate cuts to get us back to the zero interest-rate policy” by March, he said.

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Monday, December 1

Worker falls into mulch grinder

A worker was killed on November 29, 2008 , when he fell into the augers of a mulch-grinder truck, Winston-Salem police said.The man's identity has not been disclosed because family members are still being notified.Police said that the death happened about 11:45 a.m. at 4125 N. Patterson Ave., where landscape contractor was working. The man fell into the hopper on the back of the truck.The body was taken to Wake Forest University Baptist Medical Center for an autopsy.The 4100 block of North Patterson Avenue was closed for about three hours during the investigation

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