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Metal Casting Technologies : December 2007
Alliance agreement SAIC Motor Corp China SAIC Motor Corp., the Chinese partner of General Motors Corp. (GM) and Volkswagen AG (VOW.XE), has signed an alliance agreement with Yuejin Auto Group Co. SAIC will establish a joint working team with Yuejin to discuss business cooperation and restructuring, aiming to achieve a 'complete combination' between SAIC and Yuejin's unit Nanjing Automobile (Group) Co., Shanghai Automotive Co. It is expected that the alliance with Nanjing Auto will help improve the efficiency of state-owned assets. Both SAIC and Nanjing Auto are state-owned. Cast for competitive edge The Institute of Indian Foundrymen has announced details of the 68th World Foundry Congress, to be held in Chennai (Madras), India 7-10 February 2008. It has been some 21 years since the World Foundry Congress has been held in India and in that time the industry throughout the world and indeed in Asia itself has changed dramatically. However, in order to sustain continuous growth in every aspect, the foundry industry has to embrace change; to technological innovation, to manufacturing practices and to human resource skills. The congress will address these issues and will bring together speakers from around the world to disseminate information and give an insight into what makes their foundry work. Post congress industrial tours will be an important aspect of the congress and will include leading state-of- the-art foundries throughout India. For information visit: www.wfcindia08.com Shagang Group seeks new acquisition Shagang Group is now in talks with Anyang Yongxing Iron & Steel Co Ltd, which is Henan's largest private steel producer, to control an 80% stake. This will be China's first cross-provincial merger of two privately owned steel producers.The deal is expected to improve Shagang's product diversity and is expected to be completed this year. Last year, Shagang spent about RMB 2 billion in purchasing 90.5% stake of Jiangsu Huaiyin Steel Co Ltd, the largest steel maker in northern Jiangsu. Yongxing Steel has an annual production capacity of 1 million tons of billet and1 million tons of pig iron. Shagang Group, based in southeastern China, produced a total of 11.41 million tons of pig iron, 14.63 million tons of steel and 12.72 million tons of steel products in 2006, up 45 %, 40% and 65% respectively from the previous year. The company generated a total revenue of RMB 58.8 billion (US$7.81 billion) in 2006, up 45% year- on-year. Subscription winner Congratulations to Isabelle Brouillard of Alcan Inc, Canada who is the winner of our Special Renewal Offer for December renewals. Isabelle will receive a complimentary one year subscription to MCT magazine. 20 METAL Casting Technologies December 2007 BRIEFINGS Report -- Australian Foundry Industry Once again, the Western Australia Division of the Australian Foundry Institute has held a successful National Conference. I'd like to take this opportunity to thank Darcy Hamill and his team for the time and effort they put into hosting this event for the benefit of the Australian metal casting industry. Those who have been involved in conference organizing in the past know all too well the amount of work required behind the scenes to make a conference work. It's only through the dedication and hard work of the organizing committee in each State, that we can continue to enjoy the benefits of these events. Each State Division of the AFI is made up of people who come together and share information for the betterment of the industry. The AFI is about more than just annual conferences. It is about meetings held by the State Divisions, where members from all levels of metal casting workplaces can gather and learn about the many and varied aspects of the industry. Technical reviews and advances, business issues faced by the industry, and plant tours are just some of the activities organized. The benefits to be gained by active participation are enormous. These activities can only occur if each State has an active committee dedicated to the continuation of the AFI. We need new people with new ideas to join these committees. I urge you to look within your workplaces for the next generation of AFI leaders. Your Australian Foundry Institute is made up of volunteers dedicated to the betterment of the foundry industry. Please help ensure that this great tradition continues. On a different note, the new Foundry and Patternmaking Training Facility at the Acacia Ridge campus of SkillsTech Australia continues to move ahead. In October, a ground-breaking ceremony was held. This is a very exciting time for the entire industry. The AFI has been successful in demonstrating to Government that ours is a vital and viable industry, worthy of being catered for in this new vision of trade and technical training. Last but certainly not least, a survey of the Queensland ferrous foundry industry was recently held by CAST CRC. The aggregate view of this sector was truly stunning, with annual sales of $576 million. AFI and CAST are currently working towards a national foundry survey, with all confidential data being collected and held by CAST, and only aggregate information being made available to AFI. It is through the gathering of such national data that we as an industry can demonstrate our contribution to the nation. I urge each and every foundry in Australia to participate in this initiative. Simon Kay, National President, Australian Foundry Institute ASIA PACIFIC casting TECHNOLOGIES