Asian Activities Report for December 9, 2011: Shanghai Electric Group (SHA:601727) to Form Wind Power Equipment Joint Ventures with Siemens (NYSE:SI)
Beijing Enterprises Holdings Limited (HKG:0392) says that its subsidiary Green Industry (Qinghai) has signed a contracting agreement for a 20 megawatt photovoltaic grid-tied power generation project in Qinghai Province in China. Green Industry (Qinghai) is responsible for the operation of the Project, which is expected to commence by the end of 2011. The total investment of the Project is approximately RMB 356,220,000.
Mitsubishi UFJ Trust and Banking Corporation, a wholly owned subsidiary of Mitsubishi UFJ Financial Group Inc. (TYO:8306), will form a strategic business and capital alliance with AMP Limited (ASX:AMP), the largest independent financial services provider in Australia. Mitsubishi UFJ will acquire a 15% interest in AMP Capital Holdings, a subsidiary of AMP Limited. This alliance is part of Mitsubishi UFJ's business growth strategy to enhance its asset management business globally.
Honda Motor (TYO:7267) says that two of its auto plants in Ohio have earned the U.S. Environmental Protection Agency's 2011 Energy Star award, due to the Company's ongoing efforts to operate energy-efficient facilities. Improving the energy efficiency of Honda factories is the single biggest focus of the company's efforts. It has ongoing conservation initiatives to minimize the environmental impact from the use of fossil fuels.
Shanghai Electric Group Company Limited
Mitsubishi UFJ Financial Group Inc
Honda Motor Co., Ltd.
Beijing Enterprises Holdings Limited