TCL’s booth at a high-tech expo in Barcelona. [Photo/Xinhua] Chinese home appliance makers have intensified efforts to make forays into overseas markets to seek new sources of revenue, and are upgrading and optimizing their products to make them “smarter”, industry experts said. Consumer electronics major TCL Technology Group Corp is beefing up its global operational…
Eli Lilly logo is shown on one of the company’s offices in San Diego, California, US, Sept 17, 2020. [Photo/Agencies] US pharmaceutical company Eli Lilly and Co recently announced a roughly $200 million expansion of its manufacturing site in Suzhou, Jiangsu province, that will enable it to increase production of innovative medicines for type 2…
With an investment of approximately 20 million euros ($21.69 million), Bayer Consumer Health launched the China Center of Innovation and Partnership (CCIP) in Shanghai on Wednesday, aiming to integrate more deeply into the country’s innovation ecosystem. The CCIP is committed to building an integrated innovation partnership network that connects efforts from the industry, academia and…
Two researchers check out human milk oligosaccharide at a Nestle research center. [CHINA DAILY] Global food and beverage giant Nestle will continue to invest in its infant nutrition business in China and is bullish about the market’s long-term prospects, driven by the still large number of newborns in the country and the imminent approval of…
Kraft Heinz tomato ketchup products are seen at a supermarket in Beijing. [Photo/China Daily] This year marks a milestone for Kraft Heinz as it is celebrating its 40-year journey in China. The company established its first joint venture in Guangzhou, Guangdong province, in 1984. Ever since, it has been providing delicious, high-quality products to meet…
Siasun’s production line of robotic arms in Shenyang, Liaoning province. LI XULUN/XINHUA Siasun Robot and Automation Co Ltd, a major robotics technology company, recently exported more than 100 robots to Europe, a significant step in the company’s efforts to integrate with the burgeoning new energy manufacturing sector across the continent. Exports cover three main categories —…
An employee works on a PV panel assembly line in Lianyungang, Jiangsu province, on Tuesday. SI WEI/FOR CHINA DAILY CHN Energy Investment Group (CHN Energy) is on track to efficiently step up investments in fields such as renewable energy and clean utilization of coal, to further facilitate China’s goal of achieving around 5 percent annual GDP…
In an exclusive interview with China Daily, Rohit Aggarwal, CEO of the Austrian cellulosic fiber company Lenzing Group, said the company will continue its investment in China, considering it as one of its most important markets. Aggarwal expressed the company’s commitment to continue introducing new fibers and technologies into the country based on the changing…
A total of 258 foreign-funded companies appeared on the four lists of top 100 foreign-invested enterprises for 2023 covering the categories of sales revenue, imports and exports value, tax contribution and job creation, according to a report published on Tuesday. Companies on the lists accounted for 33 percent of the total sales revenue generated by…
Logo of Bayer Group is pictured outside a plant. [Photo provided to China Daily] Beijing’s crisp autumn air mingled with the earthy scent of freshly tilled soil as I visited Yinhuang Farm in Beijing’s Changping district. Yinhuang is the first Bayer ForwardFarming project in the Asia-Pacific region, and offers customized regenerative agricultural solutions to farmers…