Tag Archives: China

World’s largest building opens in China

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China already has the the Great Wall and now it lays claim to the world’s largest building.

Floor space in the New Century Global Center totals 19 million square feet, or the equivalent of 329 football fields, the Associated Press reports.

When the building is finished it will even house a fake beach big enough to accommodate 6,000 sunbathers at a time.

That’s a big building.

Click here for more info.

 

China’s rapid growth could be good for Knoxville

China’s rapid economic acceleration could be a good thing for a piece of the Knoxville economy.022509searay1.jpg.jpg

Brunswick Corp., owner of Sea Ray Boats, which has manufacturing plants in the Knoxville region, expects a 25 percent increase in China sales in 2011.

“We believe the long-term potential in the marine business is larger than anywhere else in the world,” Brunswick CEO Dustan McCoy said in an interview April 2 with Bloomberg. “There is so much wealth here it is unique. Boating culture will take hold very strongly.”

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Alcoa CEO touts China deal

Klaus Kleinfeld, chairman and CEO of aluminum giant Alcoa Inc., which has a major manufacturing operation in Blount County, was on CNBC today touting the company’s $7.5B deal with China Power Investment Corp.

Check out Klaus here.

The memorandum of understanding calls for joint efforts both inside and outside china, including development o “clean energy projects such as wind and solar and state-of-the-art aluminum smelting operations. Both parties will also work toward developing high-end aluminum industrial parks,” according to an Alcoa press release.

Will Alcoa have a better year than we think?

Early in 2009 aluminum maker Alcoa Inc. cut 13,500 jobs worldwide as it struggled to right-size operations as metals demand declined and the world economy floundered. Some 450 jobs were cut at its Blount County plant.

Tough times continued this year. In January, the company said 2010 was going to be another down year and it cut more jobs, including 90 in Blount County where it shut down a smelter.

Now it’s all smiles at the Pittsburgh headquarters, or so it seems. Will the Blount plant benefit?

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Globe-trotting Gov headed to Germany, Spain

Gov. Phil Bredesen continues to travel the world looking for jobs and economic development opportunities. The gov said today he and Economic and Community Development Commissioner Matt Kisber will be in Germany and Spain June 13-19.

While in Germany, they will meet with VW officials and potential VW suppliers who may want to build plants in Tennessee. In Spain they will be meet with “senior government officials from the Spanish state of Catalonia and from the Spanish Energy Ministry,” according to a press release.

“Tennessee has developed a strong reputation in the development of solar and other renewable technologies,” Kisber said in a statement. “The Pew Center for the States has called Tennessee ‘one of the three fastest growing states in the U.S.’ for clean energy jobs and we want Spanish companies to know that if they plan to enter the growing American clean energy market, Tennessee is the best place to locate.”

The governor is staying busy during his last few months in office. Last month he led a delegation to China for the Shanghai World Expo with  stops in Hong Kong and Vietnam.

“Vietnam is a very rapidly developing market. That’s actually going to be something for the next governor to consider, if they want to pursue it,” Bredesen told Tennessee Report