IN BRIEF (Page 15)

Sending wind turbines to India

Shanghai Electric has signed an agreement with India's KSK Energy to export 125 of its 2mW wind turbines to India, according to a Xinhua report, on Sunday.

Shanghai Electric is one of China's largest equipment manufacturers and has exported five wind turbines - three to Britain and two to Thailand.

It set up its wind power equipment manufacturing branch in 2006. It produces 1.25mW wind turbines using Germany's Dewind technology, 2mW wind turbines using Germany's Aerodyn technology, and independently designed 3.6mW offshore wind turbines.

China to get coal from Mongolia

The China Shenhua Energy Co, the country's largest coal producer, has plans to invest heavily in a coal processing project on the Mongolian border to make better use of Mongolian coal.

The government of the Wulate Middle Banner (County) in China's Inner Mongolia autonomous region, has confirmed that work on the 10-billion-yuan Shenhua project in the Ganqimaodu Customs Processing Park has begun.

It said that the first phase of production slated for 2012 will have a coal washing ability of 6 million tons a year, a coking capacity of 2.4 million tons a year, and a capacity of 4.8 million tons of methanol and 30,000 tons of tar a year.

Record profits at top oil refiner

The China Petroleum and Chemical Corp, Asia's top oil refiner, has reported net profits for 2010 of more than 71.8 billion yuan ($10.9 billion), an increase of 13.7 percent over 2009, according to international accounting standards.

Crude oil production rose 0.1 percent year-on-year to 327.85 million barrels, while natural gas output went up 47.6 percent to 441.39 billion cubic feet, the firm said in a statement to the Shanghai and Hong Kong stock exchanges.

Big thirst for premium beer

The Tsingtao Brewery Co, one of China's leading beer producers, announced 2010 profits of 1.52 billion yuan ($231.8 million), up 21.6 percent year-on-year.

Sales revenue rose 10.4 percent year-on-year to 19.6 billion yuan, thanks to steady market expansion, the Shanghai-listed firm said in its 2010 business report.

Earnings per share rose 18.4 percent from 2009, to 1.13 yuan, the report showed. The Qingdao brewery, in Shandong province, attributed the profit growth mainly to rising sales of premier products, it said.

China Daily - Agencies

(China Daily 04/12/2011 page15)