Latest news with #greendevelopment
Associated Press
17-07-2025
- Business
- Associated Press
Global New Material International: Driving a Green Future Through Innovation
STUTTGART, Germany--(BUSINESS WIRE)--Jul 16, 2025-- As global economic integration accelerates, materials science—the foundation of modern industry—is undergoing a profound transformation. Global New Material International Holdings Limited (GNMI) stands at the forefront of this evolution. This press release features multimedia. View the full release here: Colored Building-Integrated Photovoltaic modules developed by CQV, a subsidiary of GNMI. At the recent 2 nd Sino-European Corporate ESG Best Practice Conference, GNMI was honored with the 'Best Practice in Technological Innovation' award for its outstanding commitment to innovation and green development. The judging panel praised the company's achievements, noting that 'GNMI's innovations have gained broad international recognition. With a clear strategy focused on green manufacturing and sustainability, the company offers viable solutions to reduce dependence on non-renewable resources while advancing eco-friendly production.' Technological innovation is central to the company's success. Its core products—pearlescent materials and functional mica fillers—are widely used in cosmetics, plastics, rubber, coatings, and new energy batteries. In response to the limited supply of natural mica, the company has spent years on research and development, overcoming significant technical barriers to create synthetic mica with proprietary intellectual property. GNMI continues to expand the application of these materials, including integrating pearlescent materials into colored BIPV (Building-Integrated Photovoltaic) modules. This innovation advances the intersection of green energy, smart manufacturing, and architectural aesthetics. The company also places emphasis on industry-academia collaboration. It has partnered with Zhejiang University to co-found the 'Zhejiang University–Chesir Pearl Joint R&D Center' to tackle critical challenges in battery performance and safety. Their joint research focuses on insulation and separator materials—key components for the new energy vehicle sector. These collaborations not only enhance the company's innovation capacity but also accelerate the commercialization of academic research, creating a mutually beneficial ecosystem. Aligned with global sustainability goals, GNMI remains committed to green manufacturing by implementing energy-saving, waste-reducing, and low-carbon practices across the production chain. Its subsidiary, Guangxi Chesir Pearl Material Co., Ltd., has been designated a 'National Green Factory' by China's Ministry of Industry and Information Technology. Furthermore, this factory recently successfully connected a rooftop distributed photovoltaic project to the power grid, reaching a major milestone in its green manufacturing transformation. The project has an installed capacity of 5.9 megawatts peak (MWp) and adopts BIPV technology. Looking ahead, Global New Material International will continue to lead with innovation and sustainability—empowering a colorful, greener world through science and technology. View source version on CONTACT: PR Contact: EncycloVision (Shenzhen) Brand Communication Co., Ltd. Eason Zhou Email:[email protected] KEYWORD: GERMANY CHINA EUROPE ASIA PACIFIC INDUSTRY KEYWORD: GREEN TECHNOLOGY MANUFACTURING VEHICLE TECHNOLOGY ENVIRONMENT AUTOMOTIVE RESEARCH EV/ELECTRIC VEHICLES SUSTAINABILITY ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) BUILDING SYSTEMS PROFESSIONAL SERVICES ARCHITECTURE SCIENCE OTHER ENERGY CONSTRUCTION & PROPERTY ALTERNATIVE VEHICLES/FUELS ALTERNATIVE ENERGY ENERGY CHEMICALS/PLASTICS SOURCE: Sino-European Corporate ESG Best Practice Conference Copyright Business Wire 2025. PUB: 07/16/2025 10:41 PM/DISC: 07/16/2025 10:41 PM
The Independent
11-07-2025
- Business
- The Independent
Foreign direct investment shows no signs of slowing results
Fuelled by diverse application scenarios and strong innovation momentum, China has emerged as a prime destination for foreign investment, underpinned by broad strategic advantages amid profound shifts in the global economic landscape, said heads of foreign corporations. Highlighting that the country has become a key hub for business model experimentation and technological innovation, they said China will remain a priority market for future foreign investment, particularly in areas such as electrification, digital transformation, green development and trade-in services, as many of such companies actively expand their presence abroad. According to a report on foreign firms released by the Beijing-based Chinese Academy of International Trade and Economic Cooperation in mid-June, these enterprises continue to increase their investment in China's high-tech manufacturing sector this year. The strategic layout of future cutting-edge industries by foreign businesses in China not only brings capital and technology, but also promotes China's industrial leap through industrial chain reshaping, international resource coordination and localised innovation, according to the report. One such company is French industrial conglomerate Schneider Electric. The group, backed by its China AI (artificial intelligence) innovation labs, has been actively promoting the integration of AI technologies with application scenarios across industries such as manufacturing, building, infrastructure and data centres, aiming to accelerate digital transformation and the shift towards low-carbon growth. Yin Zheng, executive vice-president, China and East Asia operations at Schneider Electric, said that as a key driver of global economic growth, China boasts a vast market and a solid industrial foundation. The development of new quality productive forces is speeding up the creation of innovation-driven digital and green productivity, offering broader development opportunities for multinational corporations in the field of high-tech sectors, said Yin. 'For the next step, we will continue to build digital, green and global ecosystems to empower small and medium-sized enterprises to innovate and help Chinese companies expand into international markets,' he added. Similar views were shared by Nathan Stoner, chairman for China at Cummins Inc, a United States-based engine manufacturer. 'We are currently undergoing adjustments and transformations in our business, not just in components, but also in our operations in China. Our goal is not only to serve the Chinese market, but also to support Chinese automakers in their global expansion,' said Stoner. For instance, some Chinese automakers are expanding in Southeast Asia, Europe and other regions, and Cummins is keen to assist them in developing their overseas business, he added. Cummins will launch next-generation products, including electric motors, electronic controls, e-drive systems and integrated controllers — as well as power electronics — in the country next year. The actual use of foreign direct investment (FDI) in China's high-tech industries reached 109.04 billion yuan (£11.09 billion) in the first five months of 2025, with FDI rising 146 per cent in the e-commerce services sector, 74.9 per cent in the aerospace equipment manufacturing sector and 59.2 per cent in the chemical pharmaceuticals manufacturing sector, year-on-year, said the Ministry of Commerce. Investment from the United Kingdom, the Republic of Korea and Germany increased 60.9 per cent, 10.3 per cent and 7.1 per cent, year-on-year, respectively, during the five-month period. In a shift from industrial investment to people-to-people exchanges, Air New Zealand, Air China and Tourism New Zealand announced a partnership in late June aimed at strengthening travel from China to the island country. Air New Zealand will invest more than $700,000 (£510,000) in marketing through this partnership in China over the next 12 months. 'This is an opportunity to further stimulate travel demand to encourage growth in inbound tourism from China to New Zealand,' said Greg Foran, CEO of the Auckland-based airline, adding that the carrier expects to see a 33 per cent increase on a yearly basis in premium seats on the Shanghai-Auckland route from October.
