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China’s No.3 steel mill, Wuhan Iron and Steel Company Ltd (600005.SS), posted a 90.43 percent rise in first-half net profit over a year earlier, due to strong domestic demand and higher steel prices, Xinhua reported on Sunday.
Wuhan Steel’s net profit was 963.53 million yuan ($142 million) for the first half of 2010, as its steel [...]

Two China New Energy Firms Eye $2 Billion in HK IPOs

China Huaneng Group Corp and Datang Corp, the country’s top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday, reported Reuters.
The deals are unfolding as China aggressively develops its renewable energy sector and the [...]

AU Says must Replace Western Partners with China

The African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank, reported Friday’s Reuters.
Maxwell Mkwezalamba, the AU’s economic chief, said Africa must end its reliance on Western money.
« We need to diversify our partners [...]

Woodwork band saw machine

A woodwork band saw machine is a type of stationary woodworking machinery that is primarily used for cutting wood into irregular shapes. A woodwork band saw machine is composed of a blade which consists of a band of toothed metal. Woodwork bad saw machines are usually powered by electricity. However, there are some woodwork band saw machines that are also powered through the use of water, air, and steam. Woodwork band saw machines are commonly used in timber plants. This is because the flexibility of the band saw allows them to rip the lumber while minimizing waste.