Friday, May 27, 2011

Honda North American production to reach 100% in August for most models

Honda North American production to reach 100% in August for most models


English.news.cn 2011-05-27 08:12:00


TORONTO, May 26 (Xinhua) -- Japanese automaker Honda on Thursday announced plans for the accelerated recovery of its auto production in North America, after the March 11 earthquake and tsunami in Japan seriously disrupted auto parts supply.
Honda will increase production volume at its North American automobile plants to a rate of 100 percent of its original production plan in August, for all models except the 2012 Civic, said the company.
As the supply of parts from Japan improves, production will ramp up in August on a step-by-step, plant-by-plant and model-by-model basis, with production returning to 100 percent of the original plan.
Production of the all-new 2012 Civic lineup will continue at a reduced rate of approximately 50 percent due to the limited supply of key components. However, this situation continues to be evaluated and full production is expected to resume sometime in the fall, with plans to meet anticipated strong demand for the fuel-efficient Civic lineup.
"We are pleased to see a positive turnaround represented by this significant improvement in our production situation," said Jerry Chenkin, executive vice president of Honda Canada Inc.
Honda has managed the unprecedented parts supply issues that resulted from the devastating impact of the March 11 earthquake and tsunami in Japan, with no layoffs at any of its 14 production plants in North America.
Honda Canada Inc. was founded in 1969. It has produced more than 5 million cars and trucks since 1986 at its two vehicle assembly facilities in Alliston, Ontario, including the popular Civic Coupe, Sedan and Si models.
Honda North American production to reach 100% in August for most models

Friday, May 20, 2011

China spot market prices for poly-Si fall to US$60/kg, say Taiwan makers

China spot market prices for poly-Si fall to US$60/kg, say Taiwan makersrtiem







Nuying Huang, Taipei;
Jackie Chang, DIGITIMES [Friday 20 May 2011]

Spot market quotes for polycrystalline silicon (poly-Si) material in China have dropped to US$60/kg, lower than contract prices of US$65-68/kg signed by South Korea-based OCI with most of its clients in Taiwan and China in the first quarter of 2011, according to industry sources.
Negotiations for lower contract price between polysilicon firms and its clients have been taking place due to falling spot price of polysilicon and weak demand in the end market, according to industry source. But it is very unlikely for international suppliers to budge, added industry sources.
Many solar wafer and cell firms signed supply agreements with polysilicon firms to secure long-term steady supply in 2009 before the financial crisis hit. Back then solar wafer and cell firms were facing serious shortages of polysilicon supplies.
The recent downturn of the solar market is causing prices to fall across the supply chain from modules, cells, to wafers. Inventory has been piling up at the downstream. The wave of falling price has reached the spot market of polysilicon. Market obsevers have indicated that spot price in China's polysilicon market has fallen to US$60/kg, comparable to many contract prices.
For the contract price of polysilicon to fall in the second quarter seems impossible, whether or not the price will accommodate wafer and cell firms will depend on the continuous negotiations, industry observers stated.
Polysilicon shipments from South Koea to China and Taiwan increased in 2010 with the contract price quoted at US$60/kg, much lower than the spot price of US$80-90/kg at the time, industry observers stressed. This benefited the China- and Taiwan-based wafer and cell firms to capture large profits in 2010.
Industry leading polysilicon firms include US-based Hemlock, Japan-based Tokuyama, Mitsubishi, Sumitomo, Germany-based Wacker, REC, MEMC, South-Korea based OCI, and China-based LDK.
Wafer and cell firms in Taiwan and China have been signing agreements with South-Korea based OCI. OCI currently made an order of US$228 million of equipment from US-based equipment supplier GT Solar.
South-Korean based OCI
Korea-based OCI is a major poly-Si supplier for China- and Taiwan-based solar firms
Photo: Nuying Huang, Digitimes, May 2011

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China spot market prices for poly-Si fall to US$60/kg, say Taiwan makers

Tuesday, May 10, 2011

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