PR Resource – Muarateweh.net

(Bloomberg) – India, the world’s biggest consumer of sugar, permitted duty free imports of the sweetener for sale domestically to prevent an increase in prices as output slumps.

Mills can purchase raw sugar abroad provided they export a similar quantity after processing within two years, Vinay Kumar, managing director of the National Federation of Cooperative Sugar Factories Ltd., said in a phone interview in Mumbai.

Purchases by the South Asian country may help support a rally that’s made sugar the second-best performing agricultural commodity this year. Prices in New York climbed to more than a three-month high on Jan. 26 on speculation that India will buy the sweetener for the first time since 2006.
(continue reading…)

press release:

With the decade of developmental endeavors, Pulian International Enterprise Co., LTD (Pulian) makes a good performance on manufacturing high-quality waste recycling machinery based on customer orientation and merged with the idea of environmental protection.

(PRWEB) May 22, 2009 — As a well-experienced plastic and rubber processing machinery manufacturer, Pulian International Enterprise Co., LTD. (Pulian), officially founded in 1994 and located in Taichung, Taiwan, has been well-known for high technology and high quality since its first product – Auto Mix AM Series – was released to market. Holding a factory area of 100m and 4-person workforce only in the beginning, Pulian now makes a successful enlargement on a total factory area of 5,000m and 35-person workforce to fulfill all the machinery and production requirements of plastic crusher equipment, plastic granulator equipment, plastic recycling machines, etc.
(continue reading…)

(Bloomberg) — Asian currencies fell, led by the South Korean won and the Indonesian rupiah, on speculation a slumping U.S. labor market will erode demand for exports and spoil returns on the region’s assets.

The won, Asia’s worst performer of 2008, weakened as foreign investors sold more Korean shares than they bought for the first time in seven days. The rupiah fell, snapping a three- day gain, as global equities declined following a private report that showed U.S. job losses increased in December. The ringgit slid to a three-week low before a report that will probably show slumping Malaysian manufacturing.

“Risk aversion is picking up again,” said Nizam Idris, a currency strategist in Singapore at UBS AG, the world�¢â‚�™s second- largest currency trader. “The market is concerned about the economy again. Under this sort of environment, Asian currencies will weaken.ââ��

The won, which lost 26 percent last year, fell 3 percent to 1,333 per dollar as of the 3 p.m. local close, according to Seoul Money Brokerage Services Ltd. The rupiah dropped 1.5 percent to 10,960, MalaysiaÃ�€��s ringgit declined 1 percent to 3.5375 per dollar, and Taiwan’s dollar slid 0.4 percent to NT$33.115. (continue reading…)

DUBLIN, Ireland, — (BUSINESS WIRE) — Research and Markets ( http://www.researchandmarkets.com/research/d39312/consumer_electroni) has announced the addition of the “Consumer Electronics in China 2009: Market Analysis” report to their offering.

REPORT COVERAGE

This report reviews characteristics, trends and developments over the 2002 to 2008 period in the consumer electronics market (excluding computers and peripherals, and communications technology) and industry of the People’s Republic of China, and gives forecasts of market performance toಔ13. The emphasis is on the retail market and the major industry players.

Executive Summary:

The period covered by this report is one where China’s consumer electronics market reached what will perhaps be its nadir in terms of annual growth, between the years 2004 and 2006, when annual volume growth rates were above double-digit rates. Growth since then has weakened, and there are several good reasons for this.

Firstly, certain sectors of the market have matured to a point where they have reached a natural peak. TV penetration into the average urban household is now over 100%, which means that new sales growth is based upon technology upgrade, which relies upon industry innovation in new technology. Very little of this innovation comes from Chinese companies. What does come from China is legislation to force product and service improvements. The shift, for instance, to digital TV will force many consumers to either invest in a set-top box (STB) to sit with their existing TV, or buy a new TV. For many consumers who have only recently bought a large-screen analogue TV, the cheapest and least painful option is the STB.

The way Chinese consumers use their electronics products is also having an effect on growth patterns. MP3 players, until recently one of the fastest growing volume sectors, is now seeing decline. The reason is that many Chinese consumers are now buying combined mobile phone-cameras with built-in MP3 players. The industry’s own convergence is therefore responsible for creating consumer demand that is undermining growth in the consumer electronics industry’s own sectors.

However, such “traditional” sectors do continue to see market growth. Home entertainment systems, what used to be called Hi-Fi units, are seeing continued growth in rural areas, where even tape cassette sales are hanging on, despite the dominance of audio CDs. But CDs are in decline now, thanks to MP3 Internet and mobile phone downloads, and the widespread availability of pirate copies of popular music. A similar story has become apparent with DVD players and DVDs. Both are suffering from increased Internet bandwidths and wider availability of more downloadable video media from the internet.

What is clear from our current review of the market is that it is a market undergoing fundamental structural change, just as the domestic consumer market in China is shifting in its emphasis. Gone are the days of an export manufacturing or assembling-based economy and coming is the development of an economy based on domestic consumption. Current government planning and funding is based upon allowing low-value industries to die, and to promote higher value ones to thrive, whilst building up the rural economy through investment in modernization of the agricultural sector. Meanwhile, investment in new social security soft infrastructure, it is hoped, will help consumers to feel confident enough to save less and spend more.

We are therefore entering a period of emphasis shift in the way Chinese consumers and consumption will develop, while the consumer electronics market is morphing into something with significantly different product structures from what went before. This certainly makes doing any forecast predictions a lot more difficult, as the variables and unknowns are almost completely replacing the familiar predictable. What will be almost certainly true is that the rate that rural China comes on-line as a significant part of the consumer population will be crucial to the rate of growth in the consumer electronics sector in years to come. This will mean that, in order to drive new business growth, companies will have to move out of their comfort zones in the main urban centers of China, and will increasingly have to reach out into China’s rural hinterland to win rural consumer interest. This will mean retooling both products and marketing attitudes to suit a very different demographic from that which they have been used to.

Key Topics Covered:

INTRODUCTION 1 CHINA’S CONSUMER ELECTRONICS MARKET 2 MARKETING & DISTRIBUTION 3 SWOT ANALYSIS 4 COMPANY PROFILES 5 CONTACTS 6 RELEVANT EXHIBITIONS & TRADE FAIRS APPENDIX: MARKET BACKGROUND

Companies Mentioned:
BBK Electronics Corp. Beijing Newsmy Co. Canon Inc. Haier Group Corp. Hisense Group Co., Ltd. Hitachi Ltd. Konka Group Co., Ltd. LG Electronics Inc. Panasonic Corp. Royal Philips Electronics N.V. Samsung Electronics Co., Ltd. Sichuan Changhong Electric Co., Ltd. Skyworth Digital Holdings Ltd. Sony Corp. SVA Group Co., Ltd. TCL Corp. Xiamen Overseas Chinese Electronic Co., Ltd. (Xoceco)
For more information visit http://www.researchandmarkets.com/research/d39312/consumer_electroni.
SOURCE: Research and Markets

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353ǃ-481-1716

Copyright Business Wire 2009

MUMBAI, Apr 23, 2009 (AsiaPulse via COMTEX) — The Export-Import Bank of India will extend 37.65 million dollars credit to Cameroon to enable it buy tractors and farm equipment for cultivation of rice and maize.

“Exim Bank, on behalf of the government, has extended a US$37.65 million line of credit (LOC) to the government of Cameroon,” the bank on Wednesday said in a statement.

The LOC agreement was signed on April 20, it said.

Under the Maize Farm Plantation project, valued at US$18.77 million, Cameroon will be able to buy 500 tractors, 500 water cooled irrigation pumps, maize shellers and post harvest equipment from India, officials of the bank said. (continue reading…)