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Sundram Fasteners posts first profits from China operations in 2010

JIAQING, Zhejiang – Sundram Fasteners (Zhejiang) Ltd., a subsidiary of India-based Sundram Fasteners Ltd., posted profits for the first time in five years in 2010, thanks to the rising demand from China-based multinational corporations, bzjw.com reports. Sundram Fasteners' hi-tensile fastener manufacturing facility in Haiyan County of Jiaqing City saw its

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Japanese automakers’ China ventures facing increasing parts shortage

About 10 days after Japan’s devastating earthquake, tsunami, as well as horrendous nuclear radiation, the country’s automakers, including Toyota and Nissan, said they were preparing to resume production of vehicles, and components for their overseas plants gradually. However, their Chinese joint ventures are not that optimistic about the whole situation. Things

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