Industrials

Sany alleged Zoomlion of kidnapping Liang Wengeng and his assistant Two of the construction giants in China have escalated their rivalry in an attempt to get a bigger share in the construction equipment industry in the country.

Sims Metal Management Limited announced the sale of its interest in Metal Management Aerospace, Inc to ELG Utica Alloys.

Glencore Xstrata announced the sale of its US$5 billion-plus Las Bambas copper project. Glencore Xstrata announced the sale of its US$5 billion-plus Las Bambas copper project.

ALS Ltd. agreed to pay SCF Partners US$533 million to buy Reservoir Group. ALS Ltd. agreed to pay SCF Partners US$533 million to buy Reservoir Group. ALS Ltd, the largest the largest provider of commercial testing services in Australia set the transaction to acquire one of SCF Partners biggest portfolio.

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The South Korean steel making company pulls out from deal to put up US $5.5 billion plant after land acquisition became difficult.

Avis Budget Group Inc. bought Payless Car Rental for US$50 million in cash to increase its yearly generated income.

Nautic Partners LLC said that it partnered with the management of Applied Consultants Inc to purchase Applied Consultants, Inc.

Foresight Group invested GBP3.5 million in the buy-in management buyout of Aerospace Tooling. Foresight Group announced that it invested GBP3. 5 million or US$5.

Mitsui CEO stated they plan to invest more in Thailand making it their base for Asean operations Mitsui & Co Ltd is returning to Thailand to invest in the country with a vow to work with its Thai partners Siam Cement Group and PTT Plc to make investments overseas in joint ventures when opportunities arise.

Sika acquires leading manufacturers of waterproofing membranes, JMTexsa and Texsa India Ltd. Sika acquired JMTexsa, S. A. de C. V. of Mexico and Texsa India Ltd.

GEA would target private equity groups with its heat exchanger unit sale worth more than Eur1.3 billion.

The San Francisco International Airport announced plans to sell US$483 million worth of bonds. The San Francisco International Airport announced plans to sell US$483 million worth of bonds.

GLG assumes loss due to fund manager's actions. Sibanthracite Plc pulled out its initial offering (IPO) causing losses for GLG Partners Inc. this was after its former fund manager Greg Coffey blew a bet with Sibanthracite.

The local fishing industry of Taiwan prepared for the upcoming typhoon season, amidst prior controversies.