Sammi's lost lustre

Article Abstract:

South Korean firm Sammi Steel's net income is forecast to drop by 47% to 2.4 billion won. The decrease is attributed to the company's financial support for other Sammi Group companies and to a worldwide drop in demand that resulted in low steel commodity prices. This developed after Sammi had already purchased two North American steel companies and modernized its manufacturing plant. The firm's recovery will rely on its ability to corner a part of the domestic market that has a high demand for steel used in cars and machinery. It may also benefit from an expected rise in steel prices.

South Korea, Finance, Steel industry, Korea, South, Sammi Steel Company Ltd.

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Safety indicator

Article Abstract:

The explosion at the military-owned factory and warehouse in Shenzhen, China on Aug 5, 1993 demonstrates many of the problems with China's current development. Industrial accidents and deaths are rising in Shenzhen, throughout Guangdong province and across China. Township and village enterprises are cited as the worst culprits. The situation is likely to worsen as the government reduces its size, limiting the number of inspectors available.

China, Safety and security measures, Workplace accidents, Accidents, Factories, Shenzhen, China

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Back to business

Article Abstract:

Asian nations are seeking to reestablish economic relations with South Africa after the lifting of international sanctions against the country. Trade missions from Japan and Hong Kong were the first to negotiate new import contracts and consumer goods exports. Taiwan is consolidating its earlier investment projects established during the sanctions period.

Taiwan, Foreign investments, Japan, International trade, South Africa, International economic relations, Hong Kong, Japanese foreign relations, Economic sanctions, Sanctions (International law), Chinese (Taiwan) foreign relations, Hong Kong foreign relations, South African foreign relations

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