Vacon Inaugurates New Factory In China
The global AC drives manufacturer Vacon inaugurated their new factory in Suzhou on 11 May 2011. Present at the inauguration ceremony were Consul General of Finland in Shanghai Mr Matti Heimonen, Vice Chairman of Suzhou Industrial Park Administrative Committee Ms Sun Yanyan, members of Vacon's Board of Directors and management team, and Vacon partners from the Asia-Pacific region. Built to meet the company's growth targets, the new factory occupies a total area of 24,000 square meters. The new plant also has a R&D lab and the after-sales service center for the Asia-Pacific region. At the ceremony, Mr Jan Inborr, Chairman of Vacon's Board of Directors, and Mr Pertti Rajamäki, Managing Director of Vacon's subsidiary in China, outlined Vacon's future prospects.
MTU to Build Engines in China
One year after the foundation was laid for the MTU Group’s new facility in the Chinese city of Suzhou, a ceremony marked the start of local assembly of MTU Series 2000 diesel engines. The facility is located in Suzhou Industrial Park (SIP) around 100 km north-west of Shanghai and the gensets assembled there, exclusively for the Chinese market, are earmarked for service in decentralized power generation plants. The MTU Group has been marketing engines in China for more than 40 years, and this latest project reflects the lively domestic demand for power generation units, several hundred of which will leave the gates of the MTU factory in Suzhou every year in future.
NOL Names Lim as President and CEO
Singapore-based container shipping group, Neptune Orient Lines (NOL), has appointed David Lim as group president and CEO. Lim will assume his new role on July 10, where he will join Group CFO Lim How Teck as an executive director on the NOL Board. Lim has experience in both the public and private sectors, including as CEO of the Port of Singapore Authority (PSA), where he initiated the global expansion of the world leading transportation hub with the acquisition of the Dalian Port in China; as CEO of China-Singapore Suzhou Industrial Park in China, CEO of Jurong Town Corporation and most recently as a Singapore Government Cabinet Minister.
