By Stuart Radnedge2012-08-28T11:59:00+01:00
At the beginning of July Peugeot-Citroën-Mitsubishi Automobile Rus (PCMA Rus) started up a full cycle automobile plant in Russia with Fives Cinetic new equipment.
The official ceremony gathered more than 1,000 people. Among which there were high-ranked French, Russian and Japanese officials: Thierry Peugeot, the chairman of the supervisory board of PSA Peugeot-Citroën, Arkadiy Dvorkovich, the deputy Prime Minister of Russia, Anatoly Artamonov, the governor of Kaluga region, Chikahito Harada, the Japan’s Ambassador and Elisabeth Puissant, the director of UBIFRANCE Russia and others.
PSA Peugeot Citroën and Mitsubishi Motors Corporation laid the first stone of their future plant in Kaluga region, located just 180 km from Moscow, in June 2008 with the aim to start a full-cycle production in 2012. They entrusted Fives Cinetic’s companies to design, supply and commission a final assembly shop for both sedan and SUV lines.
Cinetic Assembly developed and supplied an assembly shop with a new CFC FrixLine overhead conveyor technology, Cinetic Filling delivered fluid filling systems, while Fives Stein Vostok supervised project implementation. The full cycle plant has an annual capacity of 125,000 cars, with 85,000 being sedans of Peugeot and Citroën brands and 40,000 are SUV of all three brands.
Australia’s liquefied natural gas industry is at a crossroads because of cost increases and poor labour productivity in the country, Chevron’s Australia Chief Executive Roy Krzywosinski said.
Approximately $30.8 billion of rated debt securities affected in the change of Moody’s Investors Services’ outlook from stable to negative.
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Alexey Miller and Sergey Frank discuss prospects for cooperation in LNG marine shipping. The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Management Committee and Sergey Frank, Director General of Sovcomflot.
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